Customs (Tariff)

U.S. Dependence on China for Rare Earth Magnets Is Causing Shortages

The United States allowed its rare earth metals industry to move to China and could now face severe economic disruption as China limits crucial supplies.

By Keith Bradsher

Commodities Company Reports Customs (Tariff) Diamondback Energy Inc. Drilling and Boring International Energy Agency International Trade and World Market Layoffs and Job Reductions Natural Gas Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Permian Basin (North America) Prices (Fares, Fees and Rates) Production Saudi Arabia Trump, Donald J United States Economy United States Politics and Government

U.S. Oil Companies Are ‘Battening Down the Hatches’

The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil production despite weak demand.

By Rebecca F. Elliott

Bessent, Scott China Customs (Tariff) Greer, Jamieson L International Trade and World Market Trump, Donald J United States United States International Relations United States Politics and Government Xi Jinping

Trump Accuses China of Violating Trade Agreement

President Trump said that Beijing was not honoring the terms of a temporary agreement and warned of further confrontation.

By Alan Rappeport and Tony Romm

Customs (Tariff) Federal Reserve System Inflation (Economics) Powell, Jerome H Prices (Fares, Fees and Rates) Trump, Donald J United States Economy United States Politics and Government

PCE Inflation Stayed Subdued in April Amid Trump’s Tariff Limbo

The Federal Reserve has put interest rate cuts on hold until it has more clarity about President Trump’s policies.

By Colby Smith