NYT > U.S. News The Economy Has Been Resilient. The New Round of Tariffs May Hit Harder. Par :Colby Smith and Tony Romm 14 juillet 2025 à 12:38 The economy’s resilience so far to President Trump’s global trade war risks emboldening him and unleashing the sort of economic devastation that economists have long feared. © Alyssa Schukar for The New York TimesEconomists warn it is just a matter of time before tariffs, if they take effect at the levels President Trump has threatened, start to bite.