This week has been full of trade deals, tariff changes, and data surprises. Despite all the talk about tariffs, not much has actually changed. The EU deal saw car tariffs drop from 25% to 15%, but the average tariff on US imports from the EU only increased from 12.9% to 13.4%. The US job market is weaker than expected, with downward revisions leading to almost no job growth in May and June. Tariffs are starting to impact US inflation, with goods inflation at almost 4%. An ECB rate cut in September is now less likely due to trade deal developments. In Central and Eastern Europe, Hungary is showing some economic growth, while the Czech Republic is expected to maintain decent industrial and retail sales growth rates. Turkey is facing inflation challenges, and Armenia may cut its policy rate. Overall, uncertainties and changes in trade deals and tariffs are impacting various economies in the EMEA region.

Read more at Investing.com: THINK Ahead: Four Charts Show What We’ve Learned This Week