The Treasury secretary said negotiations with some countries might last until Labor Day, signaling that the White House may hold back from imposing tariffs on some trading partners in early July.
Category: Customs (Tariff)
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PCE Inflation Was Slightly Hotter in May as Economists Brace for Trump’s Tariffs
Most economists and policymakers are bracing for price pressures to intensify this summer because of President Trump’s tariffs.
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China Confirms Trade Framework With U.S. to Lift Export Controls
The deal involves loosening exports of rare earths to the United States and the lifting of some restrictions on U.S. goods to China, China’s Ministry of Commerce said.
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Trump’s Tariffs Have Unsettled Thailand’s Pet Food Exporters
After rapid growth, Thailand is the biggest overseas supplier of pet food in the United States. Volatility in policy has some importers looking elsewhere.
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U.S. Textile Makers, Feeling Forgotten by Trump, Hope Boom Days Are Ahead
The Trump administration faces hard choices in determining what industries to protect as it uses tariffs to construct an industrial policy.
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Second Fed Official Indicates Support for Faster Rate Cuts
Comments from two officials, both appointed by President Trump, suggest a split among policymakers.
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As Tariffs Make Weddings Costlier, David’s Bridal Tries to Adapt
Most wedding dresses are made in China, so tariffs are a new worry for brides. At David’s Bridal, the largest seller of gowns in the United States, its chief executive, Kelly Cook, is trying to do something about it.
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Trump’s Two-Week Iran Notice Gives Markets a Lift
The president said he could take that long to decide whether to join a military fight against Iran. But that does little to quell investor uncertainty.
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Chinese Companies Set Their Sights on Brazil
Confronted with tariffs and scrutiny in the United States and Europe, Chinese consumer brands are betting that they can become household names in Latin America’s biggest economy.
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Fed’s Interest-Rate Approach Keeps It on Collision Course With Trump
The central bank signals little urgency to cut interest rates despite demands from President Trump for lower borrowing costs.
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Zero Interest Rates Are Back in Europe
The Swiss National Bank lowered rates to zero after consumer prices fell last month. Other European central banks are grappling with uncertainty caused by President Trump’s tariffs.
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How Trump’s Trade War Has Whipsawed the Port of L.A.
The nation’s largest ports, in Los Angeles County, are a bellwether for the economy. They are being whipsawed as President Trump reorders global trade.