Tariff Truce With China Demonstrates the Limits of Trump’s Aggression
Posted inBessent, Scott China Customs (Tariff) Economic Conditions and Trends International Trade and World Market Protectionism (Trade) Trump, Donald J United States Economy United States International Relations United States Politics and Government Xi Jinping

Tariff Truce With China Demonstrates the Limits of Trump’s Aggression

President Trump’s triple-digit tariffs on Chinese products disrupted global trade — but haven’t appeared to result in major concessions from Beijing.
Fed Official Still Bracing for Economic Slowdown Despite China Tariff Pause
Posted inBanking and Financial Institutions Customs (Tariff) Federal Reserve Bank of Chicago Federal Reserve System Goolsbee, Austan D International Trade and World Market Trump, Donald J United States Economy

Fed Official Still Bracing for Economic Slowdown Despite China Tariff Pause

Austan D. Goolsbee, president of the Chicago Fed, said there was still a risk of higher consumer prices and slower growth amid elevated uncertainty about the White House’s trade policy.
Trump Signs Executive Order Asking Companies to Lower Drug Prices
Posted inDrugs (Pharmaceuticals) Executive Orders and Memorandums Federal Budget (US) Health Insurance and Managed Care International Trade and World Market Prices (Fares, Fees and Rates) Regulation and Deregulation of Industry Trump, Donald J United States Politics and Government

Trump Signs Executive Order Asking Companies to Lower Drug Prices

The president has long complained that the United States pays more for medicines than other wealthy countries. But he offered no clear legal authority to mandate lower prices.