Trump Threatens 10% Tariffs on BRICS-Aligned Nations
During the BRICS summit in Brazil President Donald Trump declared he will impose a 10% tariff increase on countries that...
Economics
China Urges U.S. to Preserve Trade Progress
The Chinese government requests the United States to preserve the current fragile trade peace through continued cooperation because recent agreements...
China Shields Top Cognac Brands From Brandy Tariffs
China will grant major French cognac manufacturers an exemption from new anti-dumping duties on EU brandy products which will protect...
IMF Warns U.S. Fiscal Bill Risks Debt Sustainability
The International Monetary Fund issued a warning on Thursday that the comprehensive U.S. tax and spending package facing congressional approval...
Senate Begins Voting on Trump’s Sweeping Tax, Spending Plan
The U.S. Senate started voting on President Donald Trump's $3.3 trillion tax-cut and spending bill after a lengthy night of...
Clean Energy Cuts in Senate Bill Draw Fire from Allies
Business organizations together with labor unions oppose the Senate version of President Donald Trump's tax-and-spending package because they believe the...
Consumer Spending Dips as Tariff Effect Fades
The temporary spending increase from pre-tariff purchases has started to disappear as U.S. consumer spending decreased in May. The Commerce...
Powell Defends Fed’s Interest Payments on Bank Reserves
Federal Reserve Chair Jerome Powell defended the central bank's ability to pay interest on commercial bank reserves during his Wednesday...
U.S. Consumer Confidence Falls on Weaker Outlook for Jobs, Economy
The U.S. consumer confidence decreased in June because Americans became more doubtful about business conditions and job market prospects for...
Powell’s Fed Job Secure Despite Trump Pressure to Cut Rates
Federal Reserve Chair Jerome Powell will complete his term until May 2026 according to current indications despite President Trump's increasing...
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