US, UK Sign Trade Deal, Steel Still in Dispute
The United States and United Kingdom reached a restricted trade agreement that eliminates aerospace and automobile tariffs but steel and...
Economics
US Business Inventories Flat as Manufacturing Stocks Dip
The U.S. business inventory levels stayed steady during April according to Commerce Department statistics which showed manufacturing stock decreases balanced...
IEA Signals Oil Stock Release Readiness, OPEC Pushes Back
The International Energy Agency (IEA) announced readiness to use emergency oil reserves following Israel's military attacks on Iran. OPEC immediately...
US Tariffs on China Intensify as Trade Clash Escalates
The United States has enforced broad tariffs on Chinese imports since 2018 while Donald Trump has strengthened these measures to...
Lombardy Firms Rethink Strategy as US Tariffs Bite
The Bank of Italy reports that more than half of Lombardy's industrial export businesses are taking action against U.S. tariffs...
China Confirms Trade Deal, Urges Both Sides to Comply
China confirmed its dedication to the new trade agreement with the U.S. by asking both parties to maintain their agreement...
Chinese Exporters Struggle as US Tariffs Bite
The U.S. and China attempt to restore their trade relations but smaller Chinese exporters continue to suffer from Trump-era tariffs....
Cooler Inflation Boosts Hopes for Fed Rate Cuts by Fall
The Federal Reserve now has increased chances to reduce interest rates by September because U.S. inflation data for May turned...
US Importers Turn to Brokers to Tackle Tariff Chaos
The changing trade policies of President Trump have led U.S. importers to use customs brokers more frequently but this increased...
Fed Seen Holding Rates Steady as Tariff Fears Persist
The U.S. Federal Reserve maintains expectations to maintain interest rates steady through the upcoming months because persistent inflation concerns stemming...
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