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The Conference Board’s expectations index sits significantly below the threshold that tends to indicate an upcoming recession.

Moody’s added to the growing list of US debt warnings in a report that sounded the alarm on the deteriorating fiscal situation.

“But if the US leaves us no choice, as with the tariffs on steel and aluminum, we will respond as a united European Union,” Scholz said.

Over the weekend, reports said Trump has pushed his advisers to get more aggressive on tariffs, including higher rates on a wider set of nations.

Wall Street and Silicon Valley crowed that China would always be years behind the U.S. Here’s why they were wrong.