Finance ministers for the seven industrialized countries met on Monday and said they would consider releasing oil from reserves but were not ready to do so now.
Category: Stockpiling
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G7 Countries Hold Off on Releasing Emergency Oil Supplies
The New York Times – Business: -
The Bank Trump Is Relying On for Rare-Earth Minerals
The New York Times – Business:The Export-Import Bank is providing a $10 billion loan to Project Vault, an initiative to stockpile critical minerals. The project is the administration’s latest effort to reduce reliance on China.
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A Rug Maker Withstood One Year of Trump’s Tariffs. New Challenges Loom.
Loloi stockpiled rugs from India, Turkey and other countries in advance, but inventory is running low.
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Trump’s Tariffs Shrank the U.S. Trade Deficit in September
U.S. imports and exports ticked up from lows the previous month when the president’s global tariffs went into effect, while the trade deficit continued to fall
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Have Trump’s Tariffs Gone as High as They Can Go? Businesses Hope So
A wave of companies are petitioning for exemptions from the Trump administration’s high levies on foreign-made goods, saying they are hurting business and raising prices.
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Car Companies Are Paying Tariffs So You Don’t Have To
But automakers can’t absorb the cost forever and will soon begin to raise new car prices, analysts say.
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Shoppers Embrace ‘Christmas in July’ Amid Rising Costs and Tariff Limbo
People are starting their holiday shopping earlier this year, using summer sales from retailers like Amazon and Walmart to save time and money.
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Where’s the Inflation From Tariffs? Just Wait, Economists Say.
Are predictions for a jump in consumer prices too early, or just wrong?
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A Tidal Wave of Change Is Headed for the U.S. Economy
American consumers are not yet seeing much evidence of the drastic changes President Trump has made on trade. But they are on their way.
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Trump’s Tariffs Leave Automakers With Tough, Expensive Choices
Carmakers are likely to face higher costs regardless of how they respond to President Trump’s 25 percent tariffs on cars and auto parts.
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Japan’s Rice Shortage Sets Off Auction of Emergency Stockpile
The government held a rare auction this week to make up for a rice shortage that an official called “truly unthinkable.”
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A First-Day Trump Order: A Federal Stockpile of Bitcoin?
The cryptocurrency industry has pushed President-elect Donald J. Trump to establish one, creating real political momentum behind the plan.