Trump started hiking tariffs on Chinese goods shortly after his return to the White House. China ultimately responded with tariffs of its own. Tensions escalated, with tariff rates hitting the triple digits, before a trade truce in May.

A fresh report on United States gross domestic product, or GDP, is set to provide a key measure of the nation’s economic health as President Donald Trump’s tariffs took hold over recent months. So far, the U.S. economy has largely defied fears of a tariff-induced downturn.

Investors hoping for a flurry of trade deals before the Aug. 1 deadline may be underwhelmed at the minute. Talks with China ended in Stockholm yesterday, while a deal with India has yet to be announced. Meanwhile, a clutch of well-known German companies have put figures on how much taxes on imports to the U.S. are costing them.