It’s tariff season again, with the next deadline looming on Friday, August 1. Since the beginning of July, the United States has issued another flurry of tariff announcements, revising the sweeping plan announced on April 2. Back then, the Trump administration threatened to apply so-called “reciprocal” tariffs of up to 50% against many trading partners, […]The post Economic shock eases as Trump retreats on highest tariffs appeared first on Asia Times.