Returning U.S. manufacturing employment to a level that remotely resembles its historical peak will be an uphill battle,” the bank said this week.

Key Takeaways Forecasters expect the economic shockwave from President Donald Trump's trade wars to hit the economy soon, as reflected in "hard data" such as unemployment and inflation statistics.Some forecasts show inflation rising first,

Bharat Ramamurti, former deputy director of the National Economic Council, talks with Jen Psaki about the number of Americans who will be hurt by the new Republican budget bill and why tariffs on European goods will make the economics for American manufacturers worse.

Vollye after volley of new tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty.

US PRESIDENT DONALD Trump has threatened the EU with a 50% tariff from 1 June.He has also threatened to place a 25% tariff on tech giant Apple, which has its European headquarters in Cork, in order to move iPhone production to the US.

(Reuters) -U.S. President Donald Trump's trade negotiators are pushing the EU to make unilateral tariff reductions on U.S. goods, saying without concessions the bloc will not progress in talks to avoid additional 20% "reciprocal" duties, the Financial Times reported on Friday.