Economists Aren't Too Worried About New Tariffs

Tariffs are back in the headlines, but economists don't see a global shake-up coming. The latest round of broad US import taxes on dozens of nations taking effect Friday is expected to have a limited impact on worldwide growth and inflation, analysts say. "Disturbing but not disruptive" is the take of one ING analyst quoted at Semafor, who adds that the Trump administration's announcements of such penalties tend to be "more dramatic than their eventual implementation."

While previous tariff rollouts took a quick toll on the markets, the Dow was up more than 300 points on Friday morning, and the benchmark S&P 500 was up a similar 0.6%, per CNBC. Investors seem more focused on other matters, including reports of a possible renewal of negotiations between Iran and the US. Still, America's trading partners were none too happy with the new double-digit tariffs, the AP reports. "Completely unjustified," says Australia's trade minister.