President Donald Trump announced that the United States will begin imposing blanket reciprocal tariffs on imports from numerous countries who have “significant trade deficits” with the United States, unless they choose to produce within the U.S.
Read More Trump warns foreign leaders of ‘reciprocal’ tariffs if no trade deal made by August 1
Federal Reserve policymakers have already signaled they are in no rush to cut interest rates, and a government report cements that stance.
Read More Fed likely to leave rates unchanged as US job market cools but doesn’t crumble
President Donald Trump is applying more pressure to Federal Reserve Chair Jerome Powell to cut interest rates after a Wednesday report showed job hiring slowed down last month.
Read More Trump urges Fed Chair Powell to cut interest rates following disappointing jobs report
President Donald Trump announced that he will be doubling tariffs on steel to 50% during a Pittsburgh rally at U.S. Steel’s Irvin Works on Friday.
Read More Trump announces 50% tariff on steel imports at Pittsburgh rally, celebrates Nippon Steel deal ‘creating and saving over 100,000 American jobs’
Imports of Chinese goods into the United States have declined sharply due to President Trump’s tariffs, prompting concerns among analysts about potential supply shortages for certain products.
Read More Chinese Exports Into U.S. Drop Dramatically
Apple is speeding up plans to navigate potentially higher tariffs in China, its main manufacturing base
Read More Apple moving to make most iPhones for US in India rather than China, source says