The world’s two largest economies did not cut a deal to avert sweeping U.S. tariffs, which came into effect after midnight.
The U.S. Postal Service’s decision may block or delay parcels from retailers including Shein and Temu from entering the ...
China has made good on its threats to retaliate in the escalating trade war with the United States, imposing tariffs on American imports of energy, cars and machinery parts. That came just minutes ...
When Donald Trump started the biggest trade war since the 1930s in his first term, his impulsive combination of threats and ...
Chief Economist, Philip Lane, has suggested that the bank needs to maintain flexibility in its monetary policy due to the continued risk of inflation in both directions. Lane expressed confidence that ...
Still, trade experts said they expect the China tariffs to increase prices paid by U.S. shoppers, since importers typically pass along a share of the cost of those higher taxes to consumers. The ...
The dismantling of the U.S. Agency for International Development appears to be a test case for the new administration.