Tag: tariffs
US Stocks Slide as Israel-Iran Conflict Escalates
US stock markets tumbled on Friday as renewed military conflict between Israel and Iran rattled investors and fueled a global flight to safety. Rising geopolitical [more…]
Fed Poised to Hold Rates, Clashing With Trump’s Demands
The Federal Reserve is expected to keep interest rates steady at its upcoming policy meeting, despite mounting pressure from President Donald Trump for aggressive cuts. [more…]
US Manufacturing Sector Contracts Amid Tariff Impact
The US manufacturing sector continued to experience contraction in May, as economic activity remained sluggish, according to the latest report from the Institute for Supply [more…]
EU, U.S. Discuss Key Cooperation to Lower Tariffs
The European Commission is actively exploring ways to cooperate with the United States in key industries, including aerospace, steel, semiconductors, and critical minerals, as part [more…]
U.S. Consumer Confidence Surges Amid Trade Deal Hopes
U.S. consumer optimism saw a significant boost in May, driven by hopes for a resolution in the trade conflict between the U.S. and China. According [more…]
Trump Delays 50% Tariffs on EU Goods, European Assets Rally
U.S. President Donald Trump reversed his decision to impose 50% tariffs on European Union imports, extending the deadline to July 9 to allow for further [more…]
China Cuts Lending Rates Amid Economic Slowdown
China’s central bank, the People’s Bank of China (PBOC), cut its key lending rates by 10 basis points on Tuesday as part of efforts to [more…]
US Retail Spending Slows in April Amid Tariff Concerns
In a sign that consumer demand may be fraying around the edges, U.S. retail spending slowed sharply in April to just 0.1% after a surge [more…]
Wall Street Reacts to U.S.-China Tariff Talks
Wall Street’s main indexes saw mixed results on Friday as investors closely monitored President Trump’s comments regarding U.S.-China tariffs ahead of the scheduled trade talks [more…]
U.S. Services Growth Amid Inflation Pressures from Tariffs
The U.S. services sector showed growth in April, with the Institute for Supply Management (ISM) reporting a rise in its nonmanufacturing purchasing managers index (PMI) [more…]
