- With Trump’s August 1 tariff deadline looming, analysts including Deutsche Bank’s Jim Reid and Goldman Sachs’ Sven Jari Stehn suggest the sharp escalation is more likely a negotiation tactic than a firm policy shift. While EU leaders are delaying countermeasures in hopes diplomacy prevails, UBS warns that if the tariffs are actually imposed, it could significantly raise the risk of a U.S. recession.
In a little over two weeks, the full effects of President Trump’s tariff regime are (finally) due to come into effect.
