The US trade partners that believed they had worked out agreements with President Trump to avoid the harshest tariffs — such as the exemption for UK steel — are still waiting for their “deals” to be sealed, Bloomberg reports. And they’re growing impatient as the tariffs’ impact are beginning to have economic consequences.
“We’re continuing to see damage — the bleeding hasn’t stopped,” Japan’s chief trade negotiator Ryosei Akazawa said Friday in a reference to the country’s car industry. “We want the US to sign the executive order as soon as possible.”
In other news, several major retailers will report earnings in the coming week, which may give a first glimpse into how President Trump’s tariffs have affected their bottom lines. The list includes Walmart (WMT), Target (TGT), Home Depot (HD), Lowe’s Companies (LOW) TJ Maxx parent TJX Companies (TJX)…
