President Donald Trump has signed an Executive Order modifying the reciprocal tariff rates for several countries to address the exploding annual U.S. goods trade deficits. Under a new trade policy that the White House announced on Thursday, the reciprocal tariff rates will be modified on August 7.The order lists tariffs on goods from more than 90 countries.A 10 percent tariff will apply to Falklan...
For comments and feedback contact: editorial@rttnews.com
Political News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.