The U.S. tariff rate may have dropped significantly from its spring high — a truce in the U.S.-China trade war is set to expire on Aug. 12 — but continues to shape the forthcoming holiday period.

The commerce secretary said President Donald Trump's sweeping new tariffs would drive as much as 1.5 percent gross domestic product growth.

The Gulf markets went separate ways on Sunday as traders tried to make sense of two incoming punches: Q2 earnings reports and a new wave of trade threats coming straight from the White House. Donald ...