Tag: USA

Σε άμεσα αντίποινα προχώρησε η Ευρωπαϊκή Ενωση ελάχιστες ώρες μετά την επιβολή δασμών 25% από τον Ντόναλντ Τραμπ στις εισαγωγές ευρωπαϊκού χάλυβα και αλουμινίου, με τις δύο πλευρές πλέον να είναι αντιμέτωπες με εμπορικό «πόλεμο».

New 25% tariffs on steel and aluminium imports into the United States are set to take effect on Wednesday.

U.S. President Donald Trump has signed an executive order to establish a strategic reserve of cryptocurrencies by using tokens already owned by the government, disappointing some in the market who had hoped for a firm plan to buy new tokens.

Applications for US unemployment benefits fell last week, returning to muted levels seen at the start of the year.

US President Donald Trump is exempting the automakers from 25% tariffs for one month after negotiating with major industrial leaders. Auto stocks rose following the news.

U.S. businesses created just 77,000 new jobs in February, ADP said, a sign the economy could be slowing as businesses weighed how to respond to President Trump ‘s tariffs.

Oil prices extended losses on Tuesday following reports that OPEC+ will proceed with a planned output increase in April and as U.S. tariffs on Canada, Mexico and China came into effect, as well as Beijing’s retaliatory tariffs.

Shares in European carmakers and automotive suppliers fell sharply on Tuesday, after U.S. tariffs of 25% on imports from Mexico, a major centre for the sector to supply the American continent, took effect.

China retaliated swiftly on Tuesday against fresh U.S. tariffs with hikes to import levies covering $21 billion worth of American agricultural and food products, moving the world’s top two economies a step closer towards an all-out trade war.

China has American agricultural exports in its cross hairs as it prepares countermeasures against fresh U.S. import tariffs, China’s state-backed Global Times reported, raising the stakes in an escalating trade war between the world’s top two economies.

Cryptocurrencies rallied on Sunday after President Donald Trump announced the creation of a strategic crypto reserve for the United States that will include bitcoin and ether, as well as XRP,Solana’s SOL token and Cardano’s ADA.
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Treasury Secretary Scott Bessent said Sunday that President Donald Trump’s proposed tariffs are unlikely to raise inflation, in part because China will “eat any tariffs that go on.”

Inflation eased slightly in January as worries accelerated over President Donald Trump’s tariff plans, according to a Commerce Department report Friday.

President Donald Trump on Thursday said that his proposed tariffs on Mexico and Canada will go into effect on March 4, and that China will be charged an additional 10% tariff on the same date.

U.S. President Donald Trump on Wednesday raised hopes for another month-long pause on steep new tariffs on imports from Mexico and Canada, saying they could take effect on April 2, and floated a 25% “reciprocal” tariff on European cars and other goods.

The number of Americans filing new applications for unemployment benefits increased moderately last week, suggesting that the labor market remained on solid ground.
Initial claims for state unemployment benefits rose 5,000 to a seasonally adjusted 219,000 for the week ended February 15, the Labor Department said on Thursday. Economists polled by Reuters had forecast 215,000 claims for the latest week.

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.