Retail sales post largest drop in nearly two years in January amid tariff uncertainty

Retail sales in the US fell the most in January in nearly two years. This suggests a sharp slowdown in economic growth at the beginning of the first quarter, following massive profits over the past four months, falling due to frigid temperatures and moderation. The significant drop from retail sales forecasts reported by the Commerce […]

Gold price holds steady amid concerns over Trump's tariff plans – FXStreet

Gold prices will rise in early European sessions on Friday. The fear of trade wars and lower US bond yields support precious metals. Investors are braces for January retail sales data in the US, scheduled for the second half of Friday. Gold prices (XAU/USD) will be extended early in Europe's trade hours on Friday. There […]

Trump drops tariff hammer on world: ‘Whatever they charge us, we charge them’

President Donald Trump signed the president's memorandum on Thursday, announcing the administration's plan to implement mutual tariffs with all US trading partners. Trump said the plan would create a “level playing field” by charging foreign countries at the same rate as the US. “Nothing else!” The memo directed Howard Lutnick, the president's candidate for the […]

India’s Modi brings a tariff ‘gift’ to Trump talks

Indian Prime Minister Narendra Modi will be giving him a gift when he meets Donald Trump on Thursday. Trump has wielded tariff threats on his friends and enemies in an attempt to extract new trade deals, investments, or law enforcement support, not yet a month after his presidency. India may not be the exception. Trump […]

McConnell warns of 'big, lingering concerns' with Trump tariff plan

Former Senate Republican leader Mitch McConnell (Ky.) warned on Wednesday about President Trump's tariff plans and “big, lingering concerns.” “In recent weeks, the president has sought to charge cleaning fees on Mexico, Canada and China, as well as major imports such as steel and aluminum,” McConnell said in his opinion. Works for the Courier Journal. […]

The Tariff Story No One Will Show You…

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