US President Donald Trump took to social media on Thursday, taking to Twitter to inform global markets that his planned 25% tariff package on Mexico and Canada will go into effect on March 4, rather than the April 2 date he had asserted hours earlier. The president also told markets that he planned to impose an additional 10% tariff on Chinese goods on that date. At the same time, White House officials are preparing an additional "reciprocal tariff" package that is also in the works aimed at multiple countries, potentially expanding to include the UK and the European Union in general. More...
Core consumer prices in Japan's capital rose 2.2% in February from a year earlier, data showed on Friday, slowing for the first time in four months but remaining well above the central bank's 2% target.The persistently high inflation will likely support the case for the central bank to continue its monetary policy tightening campaign.The increase in the core consumer price index (CPI), which excludes volatile fresh food costs, was slower than a median market forecast of 2.3% and a 2.5% gain in January.A separate index that strips away the effects of both fresh food and fuel costs, closely...
The Federal Reserve's preferred gauge of inflation over the past 12 months moved lower in January, marking modest progress toward the central bank's 2% target, the Commerce Department said Friday. The personal-consumption-expenditures price index increased by 0.3% month over month in January, putting its 12-month rise at 2.5%. That is down from 2.6% in December.The core PCE price index, which excludes volatile food and energy costs increased by 0.3% last month as well. Its 12-month increase declined to 2.6%, from a revised 2.9% a month earlier.Both numbers landed close to Wall Street...
Ukrainian President Volodymyr Zelenskiy urged President Donald Trump on Friday not to compromise with a killer, referring to the Russian leader, as they met to sign a deal for U.S. participation in Ukraine's mineral industry. Trump and Zelenskiy sat down for talks in the Oval Office as Kyiv seeks to bolster U.S. support and Trump opens talks with Moscow. Zelenskiy, who has billions of dollars in U.S. arms and moral support from the Biden administration for his war on Russia, faces a stark contrast from Trump. Trump wants to end the three-year war, improve relations with Russia and recoup...
Top Republicans aligned with U.S. President Donald Trump pushed Ukrainian President Volodymyr Zelenskiy on Sunday to change his position on the war with Russia or step aside, ramping up pressure on the Ukrainian leader after a contentious White House meeting last week. European leaders gave a show of support to Zelenskiy at a meeting in London on Sunday, with British Prime Minister Keir Starmer urging his counterparts to step up their defense efforts, just two days after Trump and Vice President JD Vance clashed with Zelenskiy in the Oval Office, spurring him to leave early without signing...