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 criticized European nations for continuing to purchase Russian energy, saying, "They are funding the war against themselves," and argued that the EU must join Washington in imposing tariffs for them to be effective. While Europe has reduced Russian energy imports since the war began, Hungary and Slovakia remain key buyers of oil, and France, Belgium, and Spain still import natural gas, albeit at lower...
According to a report from the US Department of Labor released on Thursday (September 25), the number of Americans filing new applications for unemployment insurance rose to 218k for the week ending September 21. This latest figure is higher than expected and lower than the 232k in the previous week. Source: Newsmaker.id
The U.S. economy grew by more than previously projected in the second quarter, fueled by an upward revision in consumer spending. U.S. gross domestic product, an indicator of growth in the world's biggest economy, expanded by 3.8% during the April to June period, according to the third and final estimate from the Commerce Department's Bureau of Economic Analysis on Thursday. A prior estimate had suggested that the U.S. economy grew by 3.3% in the second quarter, after contracting by 0.5% in the first quarter. The first estimate showed growth of 3.0%. Source : Investing.com
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 Thursday. Despite being the world's largest soybean buyer, China has yet to book U.S. cargoes from the autumn harvest, favoring South American supplies instead. Senior Chinese trade negotiator Li Chenggang recently met U.S. Midwest political and business leaders, signaling potential purchases ahead of broader trade talks. However, disagreements over technical details are complicating...
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