Tag: USA

U.S. tariffs entered the spotlight once again in Europe on Wednesday as U.S. President Donald Trump’s 50% levy on steel and aluminum imports to the U.S. came into effect.

Economic growth forecasts for the U.S. and globally were cut further by the Organisation for Economic Co-operation and Development as President Donald Trump’s tariff turmoil weighs on expectations.

China on Monday refuted Washington’s claims that it had broken the Geneva trade agreement, instead accusing the U.S. for breaching deal terms, signaling talks between the worlds top two economies have taken a turn for the worse.

The European Commission said on Monday it would make a strong case this week for the United States to reduce or eliminate tariffs even after Donald Trump said he would double import duties on steel and aluminium to 50%.

President Donald Trump on Friday said that China has “totally violated its” preliminary trade agreement with the United States, and suggested he would take action in response.

Inflation barely budged in April as tariffs President Donald Trump implemented in the early part of the month had yet to show up in consumer prices, the Commerce Department reported Friday.

US economy shrank at 0.2% rate in first quarter

The United States has ordered a broad swathe of companies to stop shipping goods to China without a license and revoked licenses already granted to certain suppliers, said three people familiar with the matter.

President Donald Trump said Sunday that he agreed to an extension on the 50% tariff deadline on the European Union until July 9.

President Donald Trump on Sunday indicated there was progress with Iran on its nuclear program and hinted that an announcement could come in the “next two days.”

Federal Reserve Bank of Minneapolis President Neel Kashkari says “there’s no question the shock of tariffs is stagflationary,” adding that the magnitude depends on the rate of the trade levies and time period involved.

President Donald Trump on Friday said he is “recommending a straight 50% Tariff on the European Union” after complaining that trade negotiations have stalled.

The number of Americans filing new applications for unemployment benefits dropped last week, suggesting the economy maintained a steady pace of job growth in May.

President Donald Trump blasted Walmart on Saturday after the country’s largest retailer warned this week that it will have to raise prices because of tariffs.

The federal budget bill that got voted down on Friday advanced out of committee in the House of Representatives late Sunday.

The U.S. and United Arab Emirates are working on a path to allow Abu Dhabi to purchase some of the most advanced American-made semiconductors for its AI development, U.S. President Donald Trump said from the Emirati capital Friday.

Chinese trade envoy Li Chenggang described talks with the U.S. as “good” after their first high-level engagement in Switzerland on May 12 led to a thawing in trade tensions. However, both sides have continued to trade thinly veiled swipes.

Federal Reserve Chair Jerome Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux.

U.S. factory gate prices slumped on a monthly basis in April, in the latest sign of cooling inflationary pressures in the world’s largest economy.

President Donald Trump on Tuesday praised Saudi Arabia and its leaders after the White House announced a commitment by the kingdom to invest $600 billion in a series of deals with the U.S.