Tag: USA

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.

U.S. consumer prices rose at a slower-than-anticipated annualized pace in May, even as concerns swirled around the potential impact of President Donald Trump’s aggressive tariff agenda on inflation.

Mortgage interest rates barely moved at all last week, but demand from homebuyers as well as those looking to refinance a current home loan increased.

Three of U.S. President Donald Trump’s top aides will meet with their Chinese counterparts in London on Monday for talks aimed at resolving a trade dispute between the world’s two largest economies that has kept global markets on edge.

The U.S. added more jobs than anticipated in May, although the prior month’s total was revised lower by 30,000, as investors attempt to gauge the impact of President Donald Trump’s aggressive tariff agenda on the broader economy.

The number of Americans filing for first-time unemployment benefits increased last week, suggesting the economic uncertainty over the Trump administration’s tariff-led trade policies were weighing on the U.S. labor market.

Private sector job creation slowed to a near-standstill in May, hitting its lowest level in more than two years as signs emerged of a weakening labor market, payrolls processing firm ADP reported Wednesday.

U.S. President Donald Trump said Wednesday that it was “extremely hard” to make a deal with his Chinese counterpart Xi Jinping, at a time when the White House has been suggesting the two leaders could talk this week amid rising trade tensions.