Trump’s ‘done’ deal with China: Trade damage will remain, logistics firms and retailers say
President Donald Trump declared the trade war with China “done” last Wednesday, while Commerce Secretary Howard Lutnick said tariffs on…
Netanyahu sees Israel peace efforts expanding after war with Iran
Prime Minister Benjamin Netanyahu said on Thursday the outcome of Israel’s war with Iran presented opportunities for peace that his…
US consumer spending falls as pre-tariff boost wanes
U.S. consumer spending unexpectedly fell in May as the boost from the pre-emptive buying of goods like motor vehicles ahead…
How President Trump’s plans will impact the US deficit
US President Donald Trump’s fiscal policies, including the One Big Beautiful Bill Act (OBBBA) and new tariffs, are set to…
Fed’s Kashkari says more clarity needed on tariffs’ impact on inflation
Recent U.S. inflation data has been “quite positive” but some of the inflationary effect of tariffs may just be delayed,…
China’s May industrial profits slip back into sharp decline
China’s industrial profits swung back into sharp decline in May from a year earlier, as factory activity slowed in the…
Germany’s Merz urges ‘quick and simple’ EU-US trade deal
German Chancellor Friedrich Merz said on Thursday the EU should do a “quick and simple” trade deal with the United…
Bessent asks lawmakers to rid US budget bill of Trump’s retaliatory tax plan after G7 deal
U.S. Treasury Secretary Scott Bessent said on Thursday that he has asked Republicans in Congress to scrap the Section 899…
Spain’s economy minister launches bid to lead Eurogroup
Spanish Economy Minister Carlos Cuerpo has launched his candidacy to preside over the Eurogroup, an informal body of euro zone…
No fiscal crisis, just episodic volatility – PIMCO
Fiscal policy is under scrutiny as Germany loosens its fiscal rules, the U.S. tax and spending bill advances through Congress,…