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The National Association of Wholesaler-Distributors has expressed concerns over President Donald Trump’s impending tariffs – set to go into effect on Wednesday. The post Wholesaler association says impending tariffs may worsen inflation appeared first on FreightWaves.

Gold prices reached a new high on Tuesday as Wall Street sees them going even higher this year.

The manufacturing sector slipped into contraction for the first time this year as suppliers weigh the impact of President Trump's tariff policy.

BERLIN (Reuters) -Continental AG expects production of light vehicles in North America to fall by around 7% in the first quarter, the German auto supplier said on Tuesday, citing "economic uncertainty" ahead of looming tariffs on the sector. "The current tariff situation and the development of new product launches are creating high levels of uncertainty, impacting strategic planning and market predictions," Continental said. The comments come ahead of earlier announced U.S. import tariffs on cars that come into force on April 3, with broader duties expected to be announced by U.S. President Donald Trump on Wednesday.

The job market likely slowed in March but didn't collapse if forecasters are correct about how employers responded to the economic upheavals of the early days of the second Trump administration.

U.S. job openings fell in February as rising uncertainty over the economy due to tariffs on imports curbed demand for labor. Job openings, a measure of labor demand, dropped 194,000 to 7.568 million by the last day of February, the Labor Department's Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday. President Donald Trump has made a raft of tariff announcements since returning to the White House on January 20, including hefty duties on imports of steel and aluminum and a 25% levy on imported cars and light trucks.

Oil prices jumped after the US President Donald Trump threatened so-called secondary tariffs on Russia and Iran.