Three weeks after US President Donald Trump effectively declared a trade war with the whole world, new economic forecasts and surveys will point to the initial fallout.

Vice President J.D. Vance reportedly said the U.S. and U.K. are currently "working very hard" on a trade deal and that there's a "good chance" the two sides will come to an agreement.

China is facing a double whammy: corrosive deflation and tariffs that threaten to block trade. Chinese workers will be the biggest casualties.

Statement: The U.S. is “taking in almost $2 billion a day in tariffs.” Before pausing country-by-country tariffs for 90 days, President Donald Trump repeatedly said tariffs were bringing in immense revenue.

The clock is ticking on a race of President Donald Trump's own making: a sprint to negotiate dozens of trade deals before his 90-day pause on some tariffs expires — talks that negotiators of past trade deals say come with a range of strategic and logistical hurdles due to Trump's compressed timeline.

Donald Trump claimed America is “taking in billions and billions of dollars” as a result of global trade tariffs. The US president said nothing he heard during a White House meeting with Italy's prime minister Giorgia Meloni on Thursday (17 April),