The economy was supposed to crumble. The trade war was expected to escalate out of control. Markets were forecast to plunge. None of that has happened. But Trump’s early trade victory may be short-lived.

A big question in President Trump’s trade war is who will bear the brunt of the tariffs. The president and his advisers have insisted that foreign governments face the costs, not American businesses or consumers.

U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy. Here is a timeline of the major developments: February 1 - Trump imposes 25% tariffs on Mexican and most Canadian imports and 10% on goods from China,

France and Germany have warned about the economic fallout from the 15 percent tariffs European goods face in the U.S.

The president’s vision for reshaping global trade is falling into place, but he is embarking on an experiment that economists say could still produce damaging results.

Trump said the U.S. would set a baseline tariff of 15% for European goods, including automobiles. He said the EU had agreed as part of the deal to buy $750 billion worth of energy

Oil prices edged up on Tuesday on optimism that a trade war between the United States and its major trading partners was abating and as President Donald Trump ramped up pressure on Russia over its war in Ukraine.

ANALYSIS: Why did the EU trade deal fall flat on Wall Street? One expert says ‘markets have taken TACO a bit too seriously’ as another says the ‘deal still means consumers pay more in tariffs,' Eric G

The biggest mistake that liberals make is that the Trump tariffs are somehow a repeat of Smoot-Hawley. Even the New York Times has a positive column today about President Trump’s trade policy. The story was filed by Ana Swanson,