Tag: USA

Inflation was slightly lower than expected in April as President Donald Trump’s tariffs just began hitting the slowing U.S. economy, according to a Labor Department report Tuesday.

The U.S. and China on Monday agreed to temporarily suspend most tariffs on each other’s goods in a move that shows a major thawing of trade tensions between the world’s two largest economies.

President Trump recently hinted at a possible 80% tariff on China in a social media post. The statement, which was made on Truth Social, was vague and open to interpretation, causing confusion among investors.

U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China’s economic tsar He Lifeng in Switzerland this weekend for talks that could be the first step toward resolving a trade war disrupting the global economy.

The U.S. international trade deficit, including goods and services, widened 14% in March to a record seasonally-adjusted $140.5 billion, the Commerce Department said Tuesday, as companies rushed to import foreign products ahead of White House tariffs.

The European Union plans to hit about 100 billion euros ($113.26 billion) worth of U.S. goods with additional tariffs if trade talks fail to deliver a satisfactory result for the bloc, Bloomberg News reported on Tuesday.

President Donald Trump is opening a new salvo in his tariff war, targeting films made outside the U.S.

The U.S. economy added more jobs than anticipated in April, but this still represented a drop from the previous month given the heightened economic uncertainty due to U.S. President Donald Trump’s aggressive tariffs policy.

The U.S. economy contracted in the first three months of 2025 on an import surge at the start of President Donald Trump’s second term in office as he wages a potentially costly trade war.

Companies slowed hiring sharply in April as they braced against potential impacts from President Donald Trump’s tariffs against U.S. trading partners, ADP reported Wednesday.

Donald Trump’s trade war with Beijing is starting to affect the wider US economy as container port operators and air freight managers report sharp declines in goods transported from China.

Chicago Fed President Austan Goolsbee said Sunday that President Donald Trump’s tariffs are causing U.S. business owners to stock up on inventories.

Federal Reserve Chair Jerome Powell suggested on Wednesday that hopes the central bank will step in to tamp down on market volatility are likely misplaced.

A report that China was willing to enter into trade talks with the U.S. was greeted warmly by investors. But, if accurate, it suggests China’s preconditions mean talks aren’t a given.

U.S. President Donald Trump on Sunday said he would be announcing the tariff rate on imported semiconductors over the next week, adding that there would be flexibility with some companies in the sector.

President Donald Trump exempted smartphones, computers, and other tech devices and components from his reciprocal tariffs, new guidance from U.S. Customs and Border Protection shows.

China on Friday retaliated against U.S. President Donald Trump’s country-specific tariffs by raising its levies on U.S. goods to 125% from 84%, the Chinese Finance Ministry said.

President Donald Trump on Wednesday dropped new tariff rates on imports from most U.S. trade partners to 10% for 90 days to allow trade negotiations with those countries.

Treasury yields spiked on Wednesday as investors bailed out of what has been perceived as the world’s safest instrument on expectations of crumbling foreign demand as tariffs take effect.

JPMorgan Chase CEO Jamie Dimon said Wednesday he sees the U.S. economy likely headed to recession as President Donald Trump’s tariffs roil financial markets.