He says 30 percent tariff increase on European products is unlikely to trigger inflation. Commerce Secretary Howard Lutnick recently confirmed that the August 1 deadline for new tariffs…
Read MoreTariffs
President Trump Sets Tariff Deadline for Russia to Negotiate Peace
Secretary Rubio expresses disappointment at the lack of progress after meeting with the Russian foreign minister. President Donald Trump addressed Russia stalling peace talks on Monday during a…
Read More
President Trump Announces Extended Deadline for 35 Percent Tariffs on Canada
He stated the higher-than-expected rate of 25 percent due to fentanyl trafficking. On Thursday, President Donald Trump unveiled a new proposed tariff rate against Canadian products, raising the…
Read More
U.S. Jobs Market Exceeded Projections in June
Over 30,000 more jobs than estimated were added to the economy and unemployment dropped .1 percent. The Labor Department’s Bureau of Labor Statistics released employment numbers for June…
Read More
Commerce Secretary Announces Rare Earths Trade Deal
Commerce Secretary Howard Lutnick announced that the U.S. and China have formally signed a trade agreement resulting from recent talks in Geneva. The deal includes a commitment from…
Read More
Canada Drops Digital Service Tax to Continue Trade Talks with Administration
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 Canada rescinded its planned Digital Service Tax over the weekend after President Donald Trump suspended…
Read More
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…
Read More
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…
Read More
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…
Read More
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 More