Tag: US

U.S. consumer spending increased solidly in July while underlying inflation picked up as tariffs on imports raised prices of some goods, but that data will probably not prevent the Federal Reserve from cutting interest rates next month against the backdrop of softening labor market conditions.

The U.S. tariff exemption for package shipments valued under $800 ended on Friday, raising costs and disrupting supply chain models for e-commerce companies, small businesses using online marketplaces and consumers alike.

Germany said on Monday that the United States would have to follow through on agreed lower tariffs on Europe-made cars before a wider agreement on trade can be finalised in writing.

The U.S. and China have confirmed details of a trade framework that seeks to allow rare earth exports and easing of tech restrictions, according to a statement released by China’s Ministry of Commerce Friday afternoon.

The Gross Domestic Product (GDP), the broadest measure of economic activity and a primary indicator of the economy’s health, has contracted more than forecasted, according to recent data.

A federal appeals court on Thursday granted the Trump administration’s request to temporarily pause a lower-court ruling that struck down most of President Donald Trump’s tariffs.

Credit-rating firm Moody’s downgraded U.S. debt from its Aaa rating by one notch on Friday, citing successive administrations’ failures to deal with rising U.S. debt and deficits.

President Donald Trump said the US had presented Iran with a proposal over Tehran’s nuclear ambitions and that the country’s negotiators needed to move soon on the offer as talks intensify.

 U.S. President Donald Trump said his administration is talking with China to strike a tariff deal and that Chinese President Xi Jinping has called him, according to a Time magazine interview published on Friday, as Beijing has so far disputed the U.S. characterization of talks.

China has exempted some U.S. imports from its 125% tariffs and is asking firms to identify critical goods they need levy-free, according to businesses that have been notified, in the clearest sign yet of Beijing’s concerns about the trade war’s fallout.

China on Thursday said that there were no ongoing discussions with the U.S. on tariffs, despite indications from the White House this week that there would be some easing in tensions with Beijing.

The International Monetary Fund lowered its 2025 projections for U.S. growth to 1.8%, reflecting a cut of 0.9 percentage point from the forecast it delivered in January.

Οι τιμωρητικοί δασμοί του Αμερικανού προέδρου Ντόναλντ Τραμπ σε δεκάδες οικονομίες τέθηκαν σε ισχύ σήμερα Τετάρτη, συμπεριλαμβανομένων των εισφορών άνω του 100% κατά των κινεζικών προϊόντων, εντείνοντας δραματικά τον καταστροφικό παγκόσμιο εμπορικό πόλεμο.

 President-elect Donald Trump, with SoftBank Group CEO Masayoshi Son at his side, announced on Monday that SoftBank would invest $100 billion in the U.S. over the next four years in what would be a boost to the U.S. economy.

U.S. job growth accelerated in September and the unemployment slipped to 4.1%, further reducing the need for the Federal Reserve to maintain large interest rate cuts at its remaining two meetings this year.

U.S. retail sales rose more than expected in July, which could help to allay financial market fears of a sharp economic slowdown that were fanned by a jump in the unemployment rate.

An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut.

A measure of wholesale prices rose more than expected in June as Wall Street assesses when the Federal Reserve will feel comfortable cutting interest rates.

A measure of wholesale prices unexpectedly decreased in May, adding another piece of evidence that inflation is pulling back.

The consumer price index showed no increase in May as inflation slightly loosened its stubborn grip on the U.S. economy, the Labor Department reported Wednesday.