Economy News

Economy

Asian Markets Plunge as Investors Clamor for Swift US Rate Cuts Amid Trade Tensions

Asian markets experienced significant declines as investors anticipate US rate cuts amidst ongoing trade tensions. Global recession fears grow, impacting oil and gold markets, with...

Economy

Fed's Goolsbee Warns: Rising Tariffs Could Ignite Trade War and Fuel Inflation

Federal Reserve Bank of Chicago President Austan Goolsbee warns that a major global trade conflict, fueled by tariffs, could drive inflation higher. Amid strong US economic data, u...

Economy

Chicago Fed's Goolsbee Warns: Rising Tariffs Could Ignite Inflation Amid Global Trade Tensions

Chicago Fed President Austan Goolsbee highlights the risk of inflation from potential trade wars due to tariffs, amid strong US economic data and public anxiety. He suggests global...

Economy

Japan Swings to a Stunning Trade Surplus of ¥712.9 Billion in February, Marking a Dramatic Turnaround

Japan's trade balance showed a dramatic improvement in February, swinging to a surplus of ¥712.9 billion from a previous deficit, thanks to rising exports and falling imports.

Economy

US Treasury Secretary Accuses China of Self-Isolation Through Retaliatory Measures

US Treasury Secretary Scott Bessent criticizes China for self-isolation through retaliatory measures, while praising Japan for its approach to trade discussions. President Trump th...

Economy

Trump's Tariffs Threaten EU Corporate Sectors: Chemicals, Automotive, and Hardware at Greatest Risk

Fitch Ratings warns that Trump's tariffs could significantly impact EU corporate sectors, especially chemicals, automotive, and hardware, by weakening revenue and profitability. EU...

Economy

EU Proposes Groundbreaking Zero-for-Zero Tariff Deal with US on Industrial Goods

European Commission President Ursula von der Leyen reveals the EU's offer of a zero-for-zero tariff deal with the US on industrial goods, signaling a potential shift in trade relat...

Economy

Navarro Predicts Dow Jones Surge to 50,000: A Bold Vision Amid Market Turmoil

Peter Navarro, Trump's trade advisor, predicts the Dow Jones will hit 50,000 points, dismissing recession fears and emphasizing the role of tariffs in funding tax cuts. He also add...