President Trump is staring down a big week on the economy.

White House trade talks are intensifying ahead of an Aug. 1 deadline for “reciprocal” tariffs and a Wednesday decision on interest rates from the Federal Reserve.

There will also be second-quarter growth results, the monthly jobs report for July, and price data that could show tariff effects.

Tensions appear to be cooling off between Trump and Fed Chair Jerome Powell after soaring last week during a rare and confrontational joint appearance, but the central bank's upcoming rate decision could inflame the dynamic again.

Results on employment levels and economic growth could also embolden Trump, who’s been riding high after his tax cuts made it through Congress faster than many had expected. If they fall short, they could put the White House on the defensive or spur a market slump.

Here’s a preview of the economic week ahead for the president.

Trade talks

Talks between the U.S. and China are starting in Stockholm, and Trump and U.K. Prime Minister Keir Starmer are fleshing out the U.K. trade deal in Scotland that was announced earlier this year.

Trump’s Aug. 1 deadline for the resumption of tariffs is fast approaching, though China and the U.S. are facing an Aug. 12 deadline following agreements announced in May and June that brought down mutually imposed triple-digit tariffs.

The White House announced a trade deal with the European Union on Sunday that will see the EU purchase U.S. fossil fuels. European leaders are criticizing the deal.

“It’s a dark day when an alliance of free peoples — who are joined to affirm their values and defend their interests — resolve to submit,” French Prime Minister François Bayrou said.

Trump has threatened to impose tariffs on any other country that doesn’t make a trade deal before the Aug. 1 deadline, suggesting Monday........

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