Discussions between the US and China outline rare earths and a tariff break for Trump and Xi to think about
On Sunday, economic officials from China and the U.S. quickly established the groundwork for a trade agreement. This deal involves raising U.S. tariffs and putting a hold on restrictions concerning Chinese rare earth exports, which will be finalized later this week in a meeting between U.S. President Donald Trump and Chinese President Xi Jinping, according […]
Trump imposes a 10 percent tariff on Canada during Reagan ad dispute
President Trump, on Saturday, lashed out at Canada after they aired an ad during the World Series, which he claims suggests an additional 10% tariff on top of existing rates. The ad features former President Ronald Reagan discussing “free and fair trade,” notably his decisions on tariffs against Japan in 1987. Critics argue the Ontario […]
Inflation Drops More Than Anticipated, With No Indications of Tariff Strain
Consumer prices saw a smaller-than-anticipated rise in September, according to government data released on Friday. This could open the door for additional interest rate cuts by the Federal Reserve and indicates that tariffs aren’t significantly impacting household expenses. The consumer price index increased by 0.3% last month, a marked decrease from August’s 0.4%. Economists had […]
The Worry About Tariff Inflation Is Over
Sorry, tariff supporters. The data has spoken For quite some time, those opposed to President Trump’s tariff approach have been, well, you know, saying that inflation was around the corner. Instead of a wave, it feels like we’ve just seen a little ripple—and now it’s pretty much gone. Advocates for tariffs had a straightforward argument: […]
Study reveals that most tariff costs are shouldered by US businesses and consumers.
Economic Impact of Tariffs on U.S. Consumers and Businesses A recent analysis has shown that the costs associated with tariffs are primarily being shouldered by U.S. businesses and consumers, rather than foreign exporters. According to economists at Goldman Sachs, as of August, U.S. businesses were absorbing about 51% of these costs, while consumers were taking […]
EUR/USD pulls back from a two-week peak as Trump softens tariff threats
The euro (EUR) declined against the US dollar (USD) on Friday, breaking a three-day rise. As of now, EUR/USD is around 1.1663, sliding down from a two-week peak earlier that day. On the flip side, the US Dollar Index (DXY), which measures the dollar’s performance against a selection of six major currencies, rebounded from several […]
American consumers bearing 55 percent of Trump tariff expenses.
A recent analysis by Goldman Sachs indicates that U.S. consumers will absorb 55% of the costs associated with President Trump’s tariffs this year. This finding has been echoed in several reports. According to the study, U.S. companies and foreign exporters will bear 22% and 18% of the tariffs’ financial burden, respectively. The economists at Goldman […]
American shoppers will cover 55% of tariff expenses, according to Goldman Sachs economists.
Consumer Impact of Trump’s Tariffs A recent report from Goldman Sachs indicates that U.S. consumers will take on over half of the costs associated with President Trump’s tariffs by the end of this year. According to economists, including Elsie Penn and David Mericle, U.S. consumers are expected to bear about 55% of these tariff costs, […]
Scott Bessent believes Trump’s meeting with the Chinese president will proceed despite the threat of a 100% tariff.
Trump’s Meeting with Xi Jinping Still on, Says Treasury Secretary In Washington, Treasury Secretary Scott Bessent mentioned on Monday that President Donald Trump’s meeting with China’s President Xi Jinping is still set to occur, despite Trump’s recent threats of imposing 100% tariffs. Trump expressed that there “seems to be no reason” for the summit, initially […]
China urges Trump to retract recent tariff threat
China has urged President Trump to reconsider his recent tariff threats, indicating that it is prepared to retaliate if the US president moves forward with implementing 100% tariffs. During a press conference on Monday, Chinese Foreign Ministry Spokesperson Lin Jian responded to inquiries regarding how China might handle Trump’s tariff threats, which were made in […]