U.S. imposes additional tariffs on $200B of Chinese goods, raising concerns over prolonged trade disputes and market volatility. President Trump has announced a new round of tariffs on $200 billion worth of Chinese imports, effective next month. The move follows stalled tr
The U.S. raises tariffs on $200 billion of Chinese imports, escalating trade tensions ahead of high-level negotiations. President Trump increased tariffs on $200 billion of Chinese goods from 10% to 25%, effective Friday, citing slow progress in trade talks. The move targe
Manufacturers in China report minimal concern over potential U.S. tariff hikes as trade tensions persist under Trump’s upcoming trip. Chinese exporters say they are largely unaffected by renewed U.S. threats of higher tariffs, citing long-term adaptation to trade restricti
Stable pay awards signal easing inflation pressures amid persistent tight labor market conditions. UK private sector pay awards remained unchanged at 3.5% in the three months to March, matching the prior quarter’s pace. The figure aligns with recent trends but remains abov
Austan Goolsbee cites rising geopolitical risks as a potential driver of price pressures in the US economy. Chicago Federal Reserve President Austan Goolsbee indicated that escalating tensions between the US and Iran could act as an inflationary shock. The remarks highligh
Chicago Fed President Austan Goolsbee said that the US-Iran conflict is looking more like an inflationary shock.
Market focus shifts to potential breakdown in U.S.-China trade talks as leaders prepare for a high-stakes summit. U.S. and Chinese officials are signaling the upcoming Xi-Trump summit may fail before formal discussions begin. Key sticking points include tariffs, technology
International General Insurance reports unprecedented rate increases due to war-related claims in the Middle East region. International General Insurance has raised political violence insurance premiums by thousands of percentage points following significant losses tied to
A US judge raises doubts over the legal basis for the administration’s decision to reduce federal funding by billions. A federal judge has questioned the Trump administration’s justification for cutting USD 5.7 billion in federal grants, signaling potential legal hurdles.
Digital Asset Market Clarity Act Targeted for Congressional Passage Before July 4 White House digital assets adviser Patrick Witt said the administration is pushing for the Digital Asset Market Clarity Act to pass Congress before July 4, with the Senate Banking Committee... <