Tag: US

President Donald Trump and Australian Prime Minister Anthony Albanese on Monday signed an agreement on critical minerals and rare earths that Albanese said includes plans for projects worth a total of up to $8.5 billion.

U.S. President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, and Trump said he would next try to get China to do the same as Washington intensifies efforts to cut off Moscow’s energy revenues.

Chinese rare earth magnet companies have been facing tighter scrutiny on export license applications since September, sources say, even before Beijing’s move last week to expand controls over the critical minerals used in magnets.

President Donald Trump said Monday that all medium- and heavy-duty trucks imported into the United States will face a 25% tariff rate starting November 1, a significant escalation of his effort to protect U.S. companies from foreign competition.

The European Commission has pledged to support Rome after the US threatened Barilla and other Italian pasta makers with tariffs of up to 92 per cent over what Washington describes as dumping practices.

Taiwan will not agree to a deal with the United States for half of all semiconductor production to take place in the country, the island’s top tariff negotiator said on Wednesday after returning home.

Private payrolls saw their biggest decline in two-and-a-half years during September, a further sign of labor market weakening that compounds the data blackout accompanying the U.S. government shutdown.

A brief roller coaster ride for mortgage rates caused yet another swing in demand. After dropping to a three-year low two weeks ago, rates then shot right back up again.

The U.S. government shut down much of its operations on Wednesday as deep partisan divisions prevented Congress and the White House from reaching a funding deal, setting off what could be a long, grueling standoff that could lead to the loss of thousands of federal jobs.

The European Commission will propose cutting steel import quotas by nearly half and hiking duties on volumes above those levels to 50% in line with tariffs imposed by the U.S. and Canada, two sources briefed on details told Reuters on Wednesday.

U.S. President Donald Trump said on Monday he was slapping 10% tariffs on imported timber and lumber and 25% duties on kitchen cabinets, bathroom vanities and upholstered furniture, continuing his tariff assault on global trading partners.

Core inflation was little changed in August, according to the Federal Reserve’s primary forecasting tool, likely keeping the central bank on pace for interest rate reductions ahead.

U.S. President Donald Trump on Thursday unveiled sweeping new import tariffs, including 100% duties on branded drugs and 25% levies on heavy-duty trucks, set to come into force next week.

The Organisation for Economic Co-operation and Development upgraded its global economic growth forecast on Tuesday, with many economies appearing more resilient than expected so far this year.

U.S. Treasury Secretary Scott Bessent’s pledge of “large and forceful” actions, to stabilize Argentina’s wobbling currency by using a 91-year-old U.S. crisis fund could help the peso find its footing, at least for a while.

Wolfe Research said the latest call between U.S. President Donald Trump and Chinese President Xi Jinping underscored a thaw in relations but cautioned that tariff relief is unlikely in the near term.

Their families were frantically sending “all kinds of articles on the H-1B situation”, said Singh, an Indian biotech professional on work travel to the U.S., adding that the “anxiety was apparent.”

Η Ουάσιγκτον επιδιώκει να αποδυναμώσει το δίκτυο λιμένων που ελέγχει το Πεκίνο και να φέρει στρατηγικές υποδομές υπό δυτικό έλεγχο – Κομβικό σημείο στο αμερικανικό σχέδιο φαίνεται να αποτελεί ο Πειραιάς

Americans still opened their wallets last month, despite persistent fears about the economy, a slowing labor market and higher tariffs.

Companies should no longer be required to report financial results on a quarterly basis and should instead report every six months, President Donald Trump argued in a social media post Monday.