President Trump had suspended discussions after that nation vowed to implement the tax. Canada rescinded its planned Digital Service Tax over the weekend after President Donald Trump suspended…
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Federal Reserve Holds Interest Rates Steady
Chairman says panel needs to “wait to learn more” about economy direction. Federal Reserve Chair Jerome Powell announced Wednesday that the central bank will continue to hold its…
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U.S. Announces Preliminary Trade Deal with China
Negotiators finalize terms but need approval from President Trump and President Xi. Negotiators from the United States and China announced Wednesday that they have finalized a framework for…
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Bureau of Labor Statistics Reports Job Growth of 139,000 in May
Monthly employment data shows standard hiring increase ahead of summer. The Bureau of Labor Statistics recently released its monthly employment report, recording a growth of 139,000 nonfarm payroll…
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Federal Judge Dismisses California Lawsuit on Tariff Authority
Cites the Court of International Trade as the appropriate jurisdiction for the legal challenge. Northern California District Judge Jacqueline Scott Corley dismissed Governor Gavin Newsom’s and Attorney General…
Read MoreAppeals Court Issues Stay on Lower Court Block of Tariffs
The full 11-judge panel made the decision to allow the tariffs to temporarily remain in place. The Federal Circuit U.S. Court of Appeals issued a stay of the…
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Court of International Trade Vacates President’s Reciprocal Tariffs
The court ruled that Congress has the authority to regulate foreign commerce under the Constitution. The U.S. Court of International Trade ruled on Wednesday that President Donald Trump’s…
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President Agrees to Delay EU Tarrifs
He made the decision after a “very nice call” with President von der Leyen. President Donald Trump announced Sunday that he will delay the 50 percent tariff on…
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South Korean Trade Delegation Attends Tariff Talks in Washington
This is the second round of discussions, an agreement is scheduled for July. South Korea sent a delegation to Washington this past week to hold the second round…
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U.S. and China Announce Tariff Reduction Amid Trade Negotiations
The 90-day reduction comes after trade officials met in Switzerland. The United States and China issued a joint statement outlining their agreement to reduce retaliatory tariffs for 90…
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