European Central Bank Executive Board member Isabel Schnabel suggested that US President Donald Trump’s tariff onslaught may signify that the era of free-flowing global commerce is over.
US hiring likely remained healthy last month and the unemployment rate held steady at a historically low level, pointing to a stable labor market ahead of an expected tariff-induced economic slowdown later this year.
President Trump says his tariff policies ‘will never change,’ but how long will he stand by his guns as investors try to figure out how to get through the impact these tariffs have had on global markets. Bloomberg’s Wendy Benjaminson has more. (Source: Bloomberg)