Consumer spending was weaker than expected again in February while a key inflation metric picked up, in a double whammy for the US economy before the brunt of tariffs.

An analysis by Aston University researchers is the first to estimate the economic fallout from six US trade tariff scenarios and their impact on trade flows, prices, production and welfare.

Futures show heavy selling in pre-trading, with the likes of Nvidia set to open 4.2 per cent lower and Tesla more than 6.0 per cent down - and that after another heavy fall over 3.5 per cent for the carmaker on Friday last week.

US President Donald Trump’s trade wars are dimming the outlook for the global economy, leaving fund managers bracing for an extended period of uncertainty and positioning portfolios for new trade and political dynamics. This is playing out in reduced ...

White House aides have drafted a proposal to impose tariffs of around 20% on most imports to the United States, three people familiar with the matter said, as President Donald Trump pushes for the most aggressive overhaul of the global economic system in decades.

Britain is still hopeful that any tariffs imposed by U.S. President Donald Trump will be reversed shortly, if the two sides can agree the outline of a new economic partnership, its business minister said on Tuesday.

The reported US plan to announce so-called reciprocal tariffs later this week has prompted criticism from its trading partners. Some economists have also reportedly warned of potentially huge economic costs.

U.S. job openings fell in February as rising uncertainty over the economy due to tariffs on imports curbed demand for labor. Job openings, a measure of labor demand, dropped 194,000 to 7.568 million by the last day of February,