The most dramatic example of unfulfilled expectations has come in Ukraine, the bloody conflict Trump promised to end even before his inauguration.

America has a huge debt, and it's financed by half the world. If foreign nations and investors coordinated, it could force Trump to negotiate more reasonably on tariffs. But the threat on the world economy is huge.

The recent inflation rise to 2.7% in June, driven by consumer prices, signals potential financial strain. As tariffs take effect, consumers may face increased costs, impacting their purchasing power.

US President Donald Trump's back-and-forth tariff policies are leading to a global crisis, Christian Kullmann, chief executive of Evonik, Germany's second largest chemicals company, has said. "The permanent threatening of new tariffs is taking us to the edge of a global economic crisis,

More than 1.7 million Hoosiers voted for President Trump in 2024. How has Trump's second term impacted Indiana?

U.S. trade policy has entered the great in-between, a liminal state in which high tariffs on major trading partners are ostensibly imminent, yet also forever just over the next horizon. Why it matters: The good news for American consumers and businesses is that potential price shocks and other disruptions from an all-out global trade war remain at bay — and Wall Street is taking this confusing landscape in stride.