Economy News

Economy

Lutnick Foresees No Tariff Exemptions Amid US Trade Policy Overhaul

US Commerce Secretary Howard Lutnick discusses the improbability of tariff exemptions, ongoing negotiations with major trading partners, and the impact of reciprocal tariffs on glo...

Economy

US Trade Deficit Shrinks to $122.7B in February, Signaling Economic Shifts

The US trade deficit decreased by 6.1% in February to $122.7 billion, with exports rising and imports slightly declining. Annually, the deficit grew by 86%, highlighting significan...

Economy

US Job Market Shows Resilience: Initial Jobless Claims Drop to 219,000, Signaling Economic Strength

The US Department of Labor reports a decrease in initial jobless claims to 219,000, with the 4-week moving average also declining, signaling strength in the job market despite a sl...

Economy

US 10-Year Treasury Yield Plummets to October Lows Amid Trump's Tariff Announcement

The 10-year US Treasury note yield dropped to 4.04%, its lowest since October 2024, following President Trump's new tariffs. The 30-year and 2-year yields also saw significant decr...

Economy

Fitch Slashes China's Credit Rating to 'A': A Deep Dive into the Economic Implications

Fitch Ratings downgrades China's credit rating to 'A', citing deteriorating public finances and rising debt levels. Despite a stable outlook, challenges from US tariffs and fiscal ...

Economy

China Vows Strong Retaliation Against US Tariffs, Escalating Trade War Tensions

China opposes new US tariffs, vows retaliation as trade war escalates. Trump imposes additional 34% tariff, totaling 54%, with measures to close trade loopholes affecting Chinese e...

Economy

Trump's New Tariffs Spark Historic Drop in US 10-Year Treasury Yield to October Lows

The 10-year US Treasury note yield has dropped to 4.04%, its lowest since October 2024, following President Trump's new tariffs. The 30-year and 2-year yields also saw significant ...

Economy

US Trade Deficit Shrinks to $122.7B in February: A Significant Economic Shift

The US trade deficit decreased by 6.1% to $122.7 billion in February, with exports rising and imports slightly dropping. Annually, the deficit grew by 86%, highlighting significant...