The taxes on imports could raise prices on consumer goods, experts worry, but the economy has so far shaken off the potential impact.

U.S. trade partners reacted Friday to President Donald Trump’s executive order now set to introduce new tariffs on many of them starting Aug. 7 — as the global economy faces another test from the pres

Trump’s stance also appears to reflect his dislike of India’s membership of the Brics bloc. During a summit of the 11 emerging economies last month he threatened an additional 10 per cent tariff on any countries aligning themselves with the Brics’ “anti-American policies”.