Tag: USA

U.S. President Donald Trump said on Tuesday he intends to impose auto tariffs “in the neighborhood of 25%” and similar duties on semiconductors and pharmaceutical imports, the latest in a series of measures threatening to upend international trade.

Prior was 1.499m (revised to 1.515m) . Starts -9.8% vs +15.8% prior. Building permits 1.483m vs 1.46m expected. Permits +0.1% vs -0.7% prior

The European Union said it hasn’t made any specific offer yet to reduce tariffs on imported US cars as it works to avoid a trade confrontation with President Donald Trump.

On Presidents’ Day, Monday, February 17, 2025, all major U.S. financial markets, including the New York Stock Exchange (NYSE) and Nasdaq, will be closed in observance of the federal holiday.

Oil rose after US Treasury Secretary Scott Bessent said the Trump administration remains committed to reducing Iran’s oil exports.

Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates.

Airlines are flexing their pricing power as limited capacity and strong consumer demand have eased pressure to discount fares to fill their planes.

Vice President JD Vance on Tuesday said that the U.S. will safeguard American artificial intelligence and chips and block efforts to “weaponize” the critical technologies.

U.S. President Donald Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25% “without exceptions or exemptions” in a move he hopes will aid the struggling industries in the United States but which also risks sparking a multi-front trade war.

Shares in European and Asian steelmakers fell on Monday after U.S. President Donald Trump said he would introduce 25% tariffs on all steel and aluminium imports within hours in addition to existing metals duties.

U.S. job growth slowed more than expected in January, likely restrained by wildfires in California and cold weather across much of the country, but a 4.0% unemployment rate probably gives the Federal Reserve cover to hold off cutting interest rates at least until June.

China’s retaliatory tariffs on the United States may cause U.S. oil exports to decline in 2025 for the first time since the COVID-19 pandemic, after growth plateaued last year.

U.S. businesses created a solid 183,000 new jobs in January, paycheck company ADP said, in a sign a cooling labor market still has plenty of mojo.

Shares of vaccine companies fell on Tuesday after a Senate panel voted to advance Robert F. Kennedy Jr.’s nomination to lead the Department of Health and Human Services to the full chamber. 

President Donald Trump on Monday ordered the Treasury and Commerce Departments to create a U.S. sovereign-wealth fund—a first for the nation.

China imposed targeted tariffs on American imports on Tuesday and put several U.S. companies, including Google, on notice for possible sanctions, in a measured response to the sweeping duties on Chinese imports imposed by President Donald Trump.

Beijing is readying an opening bid to try to head off greater tariff increases and technology restrictions from the Trump administration—a sign that China is eager to get trade talks going.

Oil futures were up sharply Monday after President Trump over the weekend slapped tariffs on Canada, Mexico and China, sparking worries over U.S. crude imports, though upside was limited by concerns a trade war would dent demand.

Tariffs announced Saturday by the Trump administration of 25% on goods from Canada and Mexico as well as an additional 10% on products from China are expected to have a profound impact on the global automotive industry.

The pace of U.S. economic expansion slowed during the fourth quarter, according to the latest estimates released Thursday.