President Donald Trump threatened Saturday to impose new 10% tariffs on imports from several European countries. It could unravel months of progress made during trade negotiations settled after Trump’s trade war last year.

While 2025’s tariff revenues soared to new levels overall (setting a record of $264 billion, up from the $79 billion collected in 2024 before President Trump’s aggressive tariff policy was enacted), the December numbers indicate a larger trend downward in Trump’s tariffs.

Domestic importers and farmers 'bore the tariff burden substantially, says new research from North Dakota State University.

Explore how Trump's proposed tariffs may drive up mortgage rates, impacting homebuyers. Understand the connections to inflation and bond markets in simple terms.

Average rate for most products is 4%, but sky-high tariffs in sectors such as steel and autos has economic effect of overall 12% tariff

Of course, it’s worth noting that Donald Trump has a reputation for backing down on tariff threats and there is a chance that tensions may simmer down, but it does make a hold in rates the safer option. For the RBA, the prospect of a trade war between two of Australia’s largest trading partners is a nightmare scenario.

The 3.3 percent rate for 2026 would match last year’s pace. Booming investment in artificial intelligence is buttressing global output.

By Brendan O'Boyle MEXICO CITY, Jan 8 (Reuters) - Mexico’s central bank policymakers signaled greater caution on the pace of its interest rate cuts in 2026, citing trade uncertainty and new tariffs, minutes of the bank's December monetary policy meeting showed on Thursday.