President Donald Trump announced Thursday that starting Oct. 1, the U.S. will impose new import tariffs: 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture, and 25% on heavy trucks.
He stated on social media that foreign manufacturers are "flooding the United States" with these products, prompting the need for tariffs "for National Security and other reasons." Trump emphasized that foreign-made heavy trucks and parts are harming domestic producers, framing the move as a protective measure for American industry.
Source: Trading Economics
President Donald Trump on Thursday signed an executive order approving a deal to keep TikTok operating in the U.S., with Vice President JD Vance saying it values the business at USD 14 billion. The pl...
China would purchase U.S. soybeans if the United States removes what it calls "unreasonable tariffs" and creates conditions to support bilateral trade, a Chinese commerce ministry spokesperson said Th...
President Donald Trump warned Tuesday at the UN General Assembly that the U.S. is prepared for a "very strong round of powerful tariffs" if Russia does not agree to end the war in Ukraine. He critici...
US President Donald Trump warned Russia on Tuesday that he was prepared to impose strong economic measures if it failed to end the war in Ukraine, and rejected global moves to recognize the state of P...
India's Trade Minister Piyush Goyal will visit Washington today, September 22, to push forward a long-pending trade deal, following renewed talks last week. "The delegation plans to take forward the d...
The Australian Dollar (AUD) holds ground against the US Dollar (USD) on Friday after two days of losses. The AUD/USD pair depreciated as the Greenback received support from the stronger-than-expected economic data from the United States (US). The...
Gold weakened to around $3,740/oz on Friday as the US dollar strengthened after the release of solid economic data dampened expectations of a Fed interest rate cut. New jobless claims fell and second-quarter GDP growth was revised higher thanks to...
The Hang Seng Index started the day down by 212 points or 0.8%, closing at 26,272 points; the H-share index fell by 77 points or 0.82%, to 9,366 points; while the technology index dropped by 61 points or 0.96%, settling at 6,317 points. In the...
Economic activity in the UK's private sector expanded at a softer pace in September than in August, with the S&P Global Composite Purchasing...
The Federal Reserve's interest rate decision last week was not as "dovish" as it first seemed, analysts at Barclays have argued.
Along with a...
European stocks edged higher on Tuesday, with the STOXX 50 and STOXX 600 both up 0.1%, supported by a tech-led rally on Wall Street and optimism...
The S&P Global US Manufacturing PMI eased to 52 in September 2025 from an over three-year high of 53 in August, in line with market forecasts,...