Worries that Trump’s tariffs are damaging the economy linger, particularly after last week’s worse-than-expected report on the job market.

Trump's new tariffs come into force on Aug. 7, so there's a possibility investors could seize this opportunity to take profit first.

The 15% tariffs imposed by the US on European imports take effect on August 7. Markets have been expressing concern about the impact these tariffs could have on inflation and US…