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.

A Boeing jet intended for use by a Chinese airline landed back at the planemaker's U.S. production hub on Sunday, a victim of the tit-for-tat bilateral tariffs launched by President Donald Trump in his global trade offensive.

China and the European Union may be looking to strengthen trade ties as Beijing looks to ramp up exports to the EU as trade with the U.S. falters under severe tariffs.

U.S. Customs and Border Protection announced late Friday that some smartphones, computers, chips and other electronics would be exempted from tariffs, but Trump's top economic advisers hit the Sunday talk shows to explain the policy, saying that tariffs against electronics would be coming in the next month or two.

When President Donald Trump revealed his “liberation day” tariffs in April, Trey Yates rushed out and bought a pair of $140 ASICS GT-2000 13 sneakers, along with three new shirts.  “I knew I needed to get my purchases out of the way to replace some worn clothes and shoes ASAP” before the tariffs went into effect,

The impact of the trade war between the U.S. and China is being felt on both sides of the Pacific. Businesses, large and small, have been forced to halt production and cancel orders as Trump's tariffs go into effect.