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(Bloomberg) -- Oil plunged to the lowest in about six months as US President Donald Trump’s trade wars hammer the outlook for demand just as OPEC+ signals it’s ready to start opening the taps on supply.Most Read from BloombergRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’Trump Administration Plans to Eliminate Dozens of Housing OfficesHow Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowRemembering the Landscape Architect Who

Oil prices have fallen to their lowest levels in more than three years amid fears that Donald Trump’s trade war is already starting to slow down the world economy.

President Donald Trump's on-again, off-again trade war threats have put businesses and consumers on uneasy footing about the future, potentially hurting the economy.

(Reuters) -U.S. economic activity has risen slightly but unevenly since mid-January, employment nudged higher, and prices increased modestly, the Federal Reserve said on Wednesday, with businesses and households expressing continued optimism amid rising uncertainty about how U.S. President Donald Trump's policies will affect future growth, labor demand and prices. "Six Districts reported no change, four reported modest or moderate growth, and two noted slight contractions," the U.S. central bank said in its summary of observations from the commercial and community contacts of each of the Fed's 12 regional banks. "Overall expectations for economic activity over the coming months were slightly optimistic."

The two political parties expected to form the next German government have agreed to loosen the country's constitution restrictions on borrowing, enabling 1 trillion euros ($1.08 trillion) or more in spending on defense and infrastructure. It’s a major change in Germany’s debt-averse political culture, rejecting conventional economic wisdom that long dominated Europe’s biggest economy and one of the world’s wealthiest countries. Here are key facts about the debt brake and what the changes will mean for Germany and Europe.

Trump administration tariffs risk stoking inflation, disrupting supply chains and undermining corporate earnings, Bank of America Securities analysts said.

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