The White House is adjusting its approach to tariffs that will take effect on April 2, likely eliminating a series of industry-specific tariffs while imposing reciprocal tariffs aimed at countries with significant trade ties with the United States, according to the Wall Street Journal.
US President Donald Trump has declared April 2 as "Liberation Day" for the US, when he will implement so-called reciprocal tariffs that seek to match US tariffs with those imposed by trading partners, as well as tariffs on sectors such as autos, pharmaceuticals and semiconductors, which he has repeatedly said will be imposed on that day.
Trump also hinted that there would be room to "talk" about trade issues with China, adding that he hopes to meet with Chinese President Xi Jinping in the near future. (Newsmaker23)
Source: FXstreet
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor in ...
President Donald Trump has threatened to impose an additional 5% tariff on imports from Mexico if the country does not immediately release water supplies that the U.S. government says are due under a ...
President Donald Trump announced an $11 billion aid package for American farmers, particularly soybean farmers, who have been hit by the trade war and falling crop prices. Tariffs against many countri...
US President Donald Trump expressed disappointment with Ukrainian President Volodymyr Zelenskiy's response to Washington's peace proposal to end the war with Russia. According to Trump, Kyiv hasn't mo...
President Donald Trump announced a new peace pact between Rwanda and the Democratic Republic of Congo, which he linked to US access to critical minerals. At a meeting in Washington, Trump claimed his ...
The US dollar remains sluggish after experiencing intense pressure following the Fed's decision to cut interest rates by 25 bps. The US Dollar Index (DXY) remains in the lower zone and is trending lower weekly, as market participants assess the...
Gold (XAU/USD) advances modestly on Friday as traders seem to book profits ahead of the weekend, yet clings to gains of over 0.51% after reaching a seven-week high of $4,353 as traders digest comments from Federal Reserve (Fed) officials. Bullion...
US stocks closed sharply lower on Friday as a Broadcom-led rout among the largest tech weights sparked a rotation into cyclicals and defensive names. The S&P 500 fell 1% and the Dow gave back 0.4% after touching record highs, while the Nasdaq...
The Federal Reserve on Wednesday said that it would start buying short-dated government bonds to help manage market liquidity levels to ensure the...
The U.S. Federal Reserve is expected to cut interest rates on Wednesday as policymakers grapple with a data gap caused by the recent government...
Compensation costs for civilian workers in the United States increased 0.8% in the third quarter of 2025, slowing from a 0.9% increase in the...
Asia-Pacific markets opened higher on Thursday morning after the Federal Reserve delivered its third interest rate cut this year. The Fed cut the...