Tag: USA

Job growth proved better than expected in June, as the labor market showed surprising resilience in the wake of President Donald Trump’s calls for interest rate cuts.

The United States will place a lower-than-promised 20% tariff on many Vietnamese exports, Donald Trump said on Wednesday, cooling tensions with its tenth-biggest trading partner days before the U.S. president could raise levies on most imports.

The Republican-controlled U.S. House on Thursday advanced U.S. President Donald Trump’s tax and spending megabill, after a dramatic night of voting that was nearly derailed by Republican defections.

The U.S. government has rescinded its export restrictions on chip-design software to China, three of the largest players in the space announced on Thursday.

Indonesia will sign a pact worth $34 billion with business partners next week to boost purchases from the U.S., as part of efforts to strike a trade deal with Washington ahead of the July 9 deadline, Indonesia’s chief economic minister said on Thursday.

The latest version of U.S. President Donald Trump’s “big beautiful bill” could make it cheaper for semiconductor manufacturers to build plants in the U.S. as Washington continues its efforts to strengthen its domestic chip supply chain.

U.S. private payrolls unexpectedly fell in June and job gains in the prior month were smaller than initially thought, the ADP National Employment Report showed on Wednesday.

Japan is unlikely to secure a trade deal with the U.S. and tariffs on its goods could soar after President Donald Trump called the nation “spoiled” and reiterated his July 9 deadline for negotiations.

The European Union is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many of the bloc’s exports, but wants the US to commit to lower rates than that on key sectors such as pharmaceuticals, alcohol, semiconductors and commercial aircraft.

Trade negotiations with Canada, the second-biggest U.S. trading partner after Mexico, are back on.

President Donald Trump has the chance to accelerate his political momentum and tighten his power grip on the country by driving his most significant piece of second-term legislation through Congress and taking a July Fourth victory lap.

Prices that consumers pay rose slightly in May, while the annual inflation rate moved further away from the Federal Reserve’s target, according to a Commerce Department report Friday.

The Trump administration is readying a package of executive actions aimed at boosting energy supply to power the U.S. expansion of artificial intelligence, according to four sources familiar with the planning.

European Union leaders are to tell the European Commission on Thursday whether they want to reach a quick trade agreement with the United States on terms that favour Washington or keep fighting for a better deal.

The U.S. Department of Energy has exercised an option to extend Centrus Energy Corp’s (NYSE American: LEU) contract for producing High-Assay, Low-Enriched Uranium (HALEU) through June 30, 2026, the company announced today.

The Federal Reserve on Wednesday stuck to its forecast of two interest-rate cuts in 2025 despite seeing a burst of inflation coming in the next few months as a result of higher tariffs.

Americans have yet to feel any sting of inflation from the Trump tariffs when they go shopping. Now a new look at wholesale prices suggests the coast might be clear for at least a little while longer.

The U.K. economy shrank sharply in April as global trade tariffs and domestic tax rises kicked in, data showed Thursday.

The numbers: Initial jobless claims held steady at 248,000 in the week ending June 7, the Labor Department said Thursday. That’s the highest level since last October.

U.S. President Donald Trump Wednesday said that China will supply rare earths upfront to the U.S. as part of a trade agreement.