US President Donald Trump is expected to announce further tariffs on imports this week, in addition to the 25% tariffs on imported cars and car parts he has already ordered. But while governments and exporters the world over have been preparing for his next move, predicting what it will be or what impact it will have has proven difficult.
Trump has also repeatedly flip-flopped between announcing tariffs and then pausing them. Markets are in a volatile mood — and all the while, the threat of a trade war has raised fears that another US or even global recession could be on the horizon.
