Time is running out for countries to reach an agreement to avoid Donald Trump's delayed tariffs.

"We still believe the most likely outcome is slow growth and firm inflation: Not a recession, but a backdrop where the adverse effects of trade and immigration controls on growth outweigh the boost from deregulation and fiscal largesse," Morgan Stanley strategist Michael Zezas wrote.

President Donald Trump is getting his way with the world economy. Trading partners from the European Union to Japan to Vietnam appear to be acceding to his demands to accept higher costs in the form of high tariffs.

Mo., introduced a bill to send tariff rebate checks to American families after President Donald Trump suggested the idea.

The first of a day's meetings between the heads of the US, UK and Scottish governments is underway at Turnberry

Thai and Cambodian leaders are set for talks Monday to halt the deadliest clash between the neighbors in more than a decade, with the US sending mediators after President Donald Trump used tariffs threats to press for a ceasefire.

"The trade deal struck with the U.S. is certainly a relief in that it offers some certainty that U.S. tariffs on Japan-made cars won't rise to punitive levels," said Stefan Angrick, head of Japan and Frontier market economics at Moody's Analytics.