Tag Archives: tariffs

US consumer sentiment improved in June for the first time in six months, according to preliminary data released Friday by the University of Michigan, offering signs of economic stabilization as inflation remains subdued and trade tensions with China temporarily ease.The university’s closely watched Consumer Sentiment Index jumped to 60.5 in June from 52.2 in May — a 16% rise that …

US President Donald Trump gestures during a visit at US Steel Corporation – Irvin Works in West Mifflin, Pennsylvania, US, May 30, 2025 — Reuters US President Donald Trump said on Friday he planned to increase tariffs on imported steel and aluminium to 50% from 25%, ratcheting up pressure on global steel producers and deepening his trade war. “We are …

US President Donald Trump said that representatives from Pakistan are coming to the United States next week as the South Asian country seeks to make a deal on tariffs. Pakistan faces a potential 29% tariff on exports to the United States due to a $3 billion trade surplus with the world’s biggest economy, under tariffs announced by Washington last month …

The US Federal Reserve’s preferred inflation gauge eased more than expected in April, offering a temporary reprieve from price pressures even as new tariffs introduced by President Donald Trump began to take effect.According to data released Friday by the Commerce Department, the personal consumption expenditures (PCE) price index rose 2.1% year-over-year, down from a revised 2.3% in March. The figure …

US President Donald Trump speaks in the Oval Office on the day he signs an executive order, at the White House in Washington, DC, US, May 23, 2025. — Reuters Trump threatens 25% tariff on non-US-made iPhones. Stocks fall in US and Europe; dollar down, gold up. Apple’s planned US investments don’t include iPhone production. United States President Donald Trump …

File photo: Japan’s finance minister Katsunobu Kato (Picture credit: AP) Japan’s finance minister Katsunobu Kato has for the first time publicly floated the possibility of using the country’s vast US Treasury holdings, worth over $1 trillion, as a potential card in ongoing trade negotiations with Washington, reported Reuters.In a televised interview on Friday, Kato said the primary purpose of holding …

The head of the International Monetary Fund (IMF) said Thursday that the world economy is likely to avoid a recession despite mounting global trade tensions sparked by US President Donald Trump’s sweeping tariffs. However, the cost of these trade disruptions will be significant, IMF Managing Director Kristalina Georgieva warned.Speaking to reporters in Washington ahead of next week’s Spring Meetings of …

China said on Friday it would raise tariffs on US goods to 125 per cent but would ignore further levies by President Donald Trump because it no longer makes economic sense for importers to buy from America. After a week of market mayhem as the world’s two largest economies took turns to put up trade barriers, Beijing dismissed Trump’s mounting …

Stocks in the U.S. whipsawed as a selloff in early trade Monday abruptly reversed course and opportunistic investors hopped in to scoop up beaten down shares.   The S&P 500 fell 3.5% out of the gate, but quickly erased those losses, rising 97 points, or 1.9%, to 5,171 as of 10:21 a.m. EDT. The Dow, which had plunged more than …

Overseas financial markets plunged in early trading Monday, while U.S. stock futures came under renewed selling pressure after leading indexes crumbled last week amid investor fears over the economic fallout from the Trump administration’s latest tariff salvo. Japan’s Nikkei 225 index tumbled nearly 8% shortly after the market opened in Tokyo though by midday, it was down 6%. Australia’s S&P/ASX 200 …