Global economy already feeling drag from Trump tariffs

Open this photo in gallery: People walk in the financial and business district of La Defense, near Paris, France, on Jan. 27.Sarah Meyssonnier/Reuters U.S. President Donald Trump's tariffs are increasingly clogging up the wheels of a world economy which for decades were greased by predictable and relatively free trade. Big-name multinationals right down to niche e-commerce players last week cut sales targets, warned of job cuts and reviewed their business plans, while major economies revised down growth prospects amid bleak data readouts. While financial markets are betting the U.S. and China will pull back from an all-out trade war and…