Economy News

Economy

President Trump Considers Imposing 10% Tariffs on All EU Imports Amid Rising Trade Tensions

President Donald Trump is reportedly considering a 10% tariff on all EU imports, a move that could escalate global trade tensions. This follows recent tariffs on Mexico, Canada, an...

Economy

Trump and Trudeau's Diplomatic Dialogue: A Closer Look at US-Canada Relations

President Trump's recent conversation with Canadian Prime Minister Justin Trudeau highlighted ongoing trade disputes between the US and Canada. Despite a "good talk," tensions over...

Economy

Uncertainty Looms as Fed's Bostic Discusses the Impact of New Tariffs

Federal Reserve Bank of Atlanta President Raphael Bostic discusses the uncertainty and potential economic impacts of new tariffs on imports from Mexico, Canada, China, and possibly...

Economy

Goolsbee Advises Caution: Navigating the Complexities of Rate Cuts Amid Economic Uncertainties

Chicago Federal Reserve President Austan Goolsbee emphasizes the need for caution in cutting interest rates due to economic uncertainties, highlighting concerns over potential infl...

Economy

December Sees a 0.5% Rise in US Construction Spending, Marking a Yearly Growth

US construction spending increased by 0.5% in December, reaching $2.19 trillion, with a 4.3% annual rise. Private construction led the growth, while public construction also saw an...

Economy

Trump Anticipates Mexico Talks, Aims for Breakthrough Deal

President Trump is eager to participate in negotiations with Mexico, aiming for a deal. Both countries have reached an initial agreement to pause tariffs for a month, with Mexico d...

Economy

UN Expresses Deep Concern Over Escalating Trade War's Devastating Impact on Global Economy

The United Nations expresses concern over the impact of escalating trade restrictions on the global economy, especially in developing countries, amidst a low-growth context. U.S. P...

Economy

US Manufacturing Sector Shows Promising Growth in January, Breaking Seven-Month Stagnation

The US manufacturing sector expanded in January, with the PMI reaching 51.2, indicating growth for the first time in seven months. New business growth and increased optimism among ...