Trump's tariffs kick in, weighing on global growth outlook

Softer-than-expected initial impact could spur US president to hike rates even further

20250807N Trump Tariffs

U.S. President Donald Trump has expressed confidence in the economic benefits of tariffs. © Reuters

Nikkei staff writers

TOKYO -- The implementation of U.S. "reciprocal" tariffs on Thursday has put new downward pressure on the global economy, and while the impact is now projected to be milder than first feared, this could embolden President Donald Trump to raise rates even further.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.