As Trump’s tariff regime becomes clear, Americans may start to foot the bill

Every company at every stage of the supply chain will try to pass on the cost of US tariffs, as much as possible

Burying the hatchet with Brussels, Donald Trump - flanked by the leader of the European Commission - hailed a bold new era of transatlantic relations, an ambitious economic pact, and declared: This was a very big day for free and fair trade."

That was seven years ago. And then on Sunday, the US president - flanked by a different leader of the European Commission - hailed another new era of transatlantic relations, another economic pact and declared: I think it's the biggest deal ever made."