Tag: USA

The US plans to impose a 100% tariff on generic drugs imported to the US beginning in August 2028, President Donald Trump said in a social media post Tuesday.

The U.S. is imposing additional 50% tariffs on a range of Canadian goods in response to alleged trade discrimination against multiple U.S. products and industries, senior Trump administration officials said Monday.

JPMorgan and other U.S. banks are close to agreeing to provide some financing under Japan’s $550 billion U.S. investment pledge, according to ​two people familiar with talks between the lenders and the Japanese government.

Chinese startup Moonshot AI has unveiled a new model it says closes the gap with leading U.S. offerings and surpasses OpenAI and Anthropic’s most capable systems on some benchmarks.

The cost of goods brought into the U.S. posted an unexpected increase in June as the price of goods from China rose by their largest monthly level in more than 18 years, the Bureau of Labor Statistics reported Friday.

The monthly estimate of all consumer spending in June was softer than expected, driven by lower prices at the gas pump last month.

Wholesale prices unexpectedly fell in June as sliding energy costs helped brighten the inflation picture, the Bureau of Labor Statistics reported Wednesday.

Consumer prices posted their biggest decline in more than six years during June as a sharp swoon in energy prices provided at least temporary relief from this year’s inflation surge, the Bureau of Labor Statistics reported Tuesday.

Oil prices were higher on Monday morning after the U.S. and Iran traded strikes as they contest control of the Strait of Hormuz, one of the most important trade routes for global energy supplies.

U.S. President Donald Trump said Wednesday that Washington’s ceasefire with Iran is over, after hostilities between the two sides escalated overnight.

The U.S. economy saw job creation cool sharply heading into the summer, the Bureau of Labor Statistics reported Thursday.

The Trump administration on Wednesday ​declined to extend the U.S.-Mexico-Canada Agreement, starting a decade-long clock to wind down the trade deal as it seeks changes to try to reshore manufacturing jobs and reduce U.S. trade deficits ‌with its North American neighbors.

Companies added slightly fewer workers than expected in June, with hiring targeted heavily toward healthcare-related sectors, ADP reported Wednesday.

The U.S. has issued a sweeping rollback of sanctions on Iranian oil, allowing dollar-denominated trade for the first time in more than four decades, as Washington and Tehran press on with fragile talks toward a permanent peace deal.

Oil prices fell early Monday, reversing earlier gains, as mediators stepped in to ease tensions between the U.S. and Iran over the weekend.

The Federal Energy Regulatory Commission (FERC) told grid operators on Thursday to fast-track interconnection requests from data centers and other large electricity users.

The U.S. and Iran said they had agreed terms to end ​their war and reopen the Strait of Hormuz, news that brought relief to markets although the pact may hinge on an end to hostilities in Lebanon and defers talks on Tehran’s ‌nuclear programme.

A memorandum between the United States and Iran to halt the war in ​the Gulf could be signed as soon as Sunday, a Western source told Reuters on Friday, with Geneva emerging as the likeliest venue.

Oil extended a slide from the previous session on Friday, as hopes grew that a peace deal between the U.S. and Iran which would reopen the Strait of Hormuz may be signed soon.

U.S. President Donald Trump repeated the claim that a deal to end the war in Iran could be reached in “two or three days,” and that the critical Strait of Hormuz would reopen “immediately” after such a deal.