Amidst his trip to Asia, President Donald Trump signed trade deals with key Asian partners to address trade imbalances while finding alternative supply chains, as China cracks down on rare earth exports.
Read More Trump signs trade deals, oversees peace deal with Southeast Asian partners
The Trump administration announced on Tuesday that they will roll back automotive tariffs on imported car parts.
Read More Trump Plans Auto Tariff Relief By Granting Steel, Aluminum Exemptions To Carmakers
U.S. job openings dropped sharply in March, but a decline in layoffs suggested that the labor market remained on solid footing.
Read More US job openings fall in March; layoffs decline
California Governor Gavin Newsom has announced a new plan for California to have “strategic” relationships with countries announcing retaliatory tariffs against the U.S. to exclude the state’s products from their retaliatory taxes.
Read More Gov. Newsom Urges Global Trade Partners To Lift Tariffs Specifically On California Exports
The European Union has retaliated with its own tariffs in response to President Donald Trump’s 25% tariffs on steel and aluminum products that took effect Wednesday.
Read More EU Imposes Almost $28B In Counter-Tariffs As Trump’s Steel And Aluminum Tariffs Begin
Firms reported boosting hiring, supporting the Federal Reserve’s cautious approach to cutting interest rates this year.
Read More US business activity at nine-month low in January; hiring accelerates