Japan has reported its exports fell in May as shipments of autos to the U.S. dropped nearly 25% from a year earlier due to higher tariffs imposed by President Donald Trump.

William Ford Jr., the current executive chairman of Ford Motor Company and great-grandson of Henry Ford, says President Trump’s threat of tariffs is weighing heavily on the company. He spoke with NBC News’ Tom Costello about impact of tariffs and the first Ford ever made,

The Black Swan author Nassim Taleb said President Donald Trump’s approach to tariffs will depress US gross domestic product and could soon lead to labor shortages.Taleb, who’s also scientific adviser for hedge fund Universa Investments,

President Trump left the G7 after firming up a trade deal with the United Kingdom. But he hinted at roadblocks on other fronts, saying Tuesday that Japan was being "tough" in trade talks and the European Union has failed to offer a fair deal.

US retail sales fell by the most in two years in May following a burst in stockpiling during previous months as uncertainty over tariffs continues to distort consumer spending behaviour. Sales of $715.4bn were down 0.9 per cent from April, figures released by the US Census Bureau on Tuesday showed. That was the biggest monthly drop since May 2023.