Tag: USA

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.

The U.S. government has rescinded its export restrictions on chip-design software to China, three of the largest players in the space announced on Thursday.

Indonesia will sign a pact worth $34 billion with business partners next week to boost purchases from the U.S., as part of efforts to strike a trade deal with Washington ahead of the July 9 deadline, Indonesia’s chief economic minister said on Thursday.

The latest version of U.S. President Donald Trump’s “big beautiful bill” could make it cheaper for semiconductor manufacturers to build plants in the U.S. as Washington continues its efforts to strengthen its domestic chip supply chain.

U.S. private payrolls unexpectedly fell in June and job gains in the prior month were smaller than initially thought, the ADP National Employment Report showed on Wednesday.

Japan is unlikely to secure a trade deal with the U.S. and tariffs on its goods could soar after President Donald Trump called the nation “spoiled” and reiterated his July 9 deadline for negotiations.

The European Union is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many of the bloc’s exports, but wants the US to commit to lower rates than that on key sectors such as pharmaceuticals, alcohol, semiconductors and commercial aircraft.

Trade negotiations with Canada, the second-biggest U.S. trading partner after Mexico, are back on.

President Donald Trump has the chance to accelerate his political momentum and tighten his power grip on the country by driving his most significant piece of second-term legislation through Congress and taking a July Fourth victory lap.

Prices that consumers pay rose slightly in May, while the annual inflation rate moved further away from the Federal Reserve’s target, according to a Commerce Department report Friday.

The Trump administration is readying a package of executive actions aimed at boosting energy supply to power the U.S. expansion of artificial intelligence, according to four sources familiar with the planning.