Tag: USA

Consumer prices rose in June as President Donald Trump’s tariffs began to slowly work their way through the U.S. economy.

China’s exports regained momentum in June as firms rushed out orders to capitalise on a fragile tariff truce between Beijing and Washington ahead of a looming deadline next month, with shipments to Southeast Asian transit hubs particularly strong.

President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, after weeks of negotiations with the major U.S. trading partners failed to reach a comprehensive trade deal.

Oil prices rose on Monday to their highest level in three weeks, as investors eyed further U.S. sanctions on Russia that may affect global supplies, while more oil imports by China also offered support along with signs of tighter supply.

U.S. President Donald Trump ramped up his tariff assault on Canada on Thursday, saying the U.S. would impose a 35% tariff on imports next month and planned to impose blanket tariffs of 15% or 20% on most other trading partners.

U.S. President Donald Trump said on Wednesday the U.S. would impose a 50% tariff on all imports from Brazil after a spat this week with his Brazilian counterpart who called him an unwanted “emperor.”

U.S. President Donald Trump said Wednesday that the 50% tariff on copper imports, which he had announced the previous day, will take effect on Aug. 1.

“They’re going to be tariffs at very high rate, like 200%,” Trump said during a Cabinet meeting. But he suggested that those levies would not go into effect immediately, saying he will “give people about a year, year and a half.”

President Donald Trump said he will announce a 50% tariff on copper on Tuesday, hoping to boost U.S. production of a metal critical to electric vehicles, military hardware, the power grid and many consumer goods.

America’s largest power grid is under strain as data centers and AI chatbots consume power faster than new plants can be built.

Automakers are urging customers to snap up electric vehicles before a $7,500 U.S. tax credit goes away this fall.

At least 14 countries’ imports are set to face steep blanket tariffs starting Aug. 1, President Donald Trump revealed Monday.

The yen took a hit on Tuesday from U.S. President Donald Trump reiterating his plan to impose 25% tariffs on goods from Japan and South Korea in the latest twist of his chaotic trade war.

U.S. President Donald Trump has threatened an additional 10% tariff on countries that orient themselves along the “Anti-American policies of BRICS.”

Treasury Secretary Scott Bessent said Sunday that tariffs announced back in April will take effect on Aug. 1 for countries that have not reached an agreement with President Donald Trump’s administration.

Indonesia has offered to cut duties on key imports from the United States to “near zero” and to buy $500 million worth of U.S. wheat as part of its tariff talks with Washington, its lead negotiator and a wheat industry association said on Friday.

The White House will begin on Friday unilaterally notifying trade partners of new tariff rates on their exports to the US, Donald Trump has said ahead of his looming July 9 deadline to complete new deals.

Job growth proved better than expected in June, as the labor market showed surprising resilience in the wake of President Donald Trump’s calls for interest rate cuts.

The United States will place a lower-than-promised 20% tariff on many Vietnamese exports, Donald Trump said on Wednesday, cooling tensions with its tenth-biggest trading partner days before the U.S. president could raise levies on most imports.

The Republican-controlled U.S. House on Thursday advanced U.S. President Donald Trump’s tax and spending megabill, after a dramatic night of voting that was nearly derailed by Republican defections.