Ford (NYSE:F), and Chrysler-parent Stellantis (NYSE:STLA) voiced concerns Tuesday over a trade deal that would reduce tariffs on Japanese auto imports to 15% while leaving the 25% tariff in place for vehicles imported from Canada and Mexico.

Higher U.S. tariffs and trade uncertainty have worsened the economic outlook for developing Asia and the Pacific, the Asian Development Bank said in a report on Wednesday as it lowered its growth forecasts for the region for this year and next.

In an exclusive interview with Newsweek, the former Commerce Secretary discusses trade, China and tariffs under Trump 2.0.

As the two biggest economic targets in Donald Trump’s trade war, some analysts thought the European Union and China could move closer together and stake out common ground.

The impacts will be felt more broadly in many industries, and the question is when the choice becomes to preserve profits by raising prices.

Before Trump even took office, experts had warned that his global trade war—imposing tariffs on imports of various goods from various countries in a bid to strike more favorable trade deals for the US— risked spiking prices of popular tech products like laptops, game consoles, and smartphones.

The stock is down, but the reaction is nothing like its steep post-earnings selloff in April. That’s a positive for investors.