Economy News

Economy

President Trump Announces Tariffs on EU, Eyes Panama Canal and Talks with Putin

President Donald Trump announces plans to impose tariffs on the EU, discusses reclaiming the Panama Canal, and confirms upcoming talks with Russian President Vladimir Putin, hintin...

Economy

President Trump Pledges Imminent Tariffs on EU, Eyes Panama Canal and Russia Talks

President Donald Trump announces plans to impose tariffs on the EU, reclaim the Panama Canal, and engage in significant talks with Russian President Vladimir Putin, signaling major...

Economy

President Trump Announces New Tariffs on Oil and Gas Imports by February 18

President Donald Trump has announced new tariffs on steel, aluminum, copper, and energy imports, with oil and gas tariffs effective by February 18. This move aims to reduce trade d...

Economy

White House Denies Reports of Trump Delaying Tariffs on Mexico and Canada

The White House has denied reports of delaying tariffs on Mexico and Canada, confirming a 25% tariff on both countries and a 10% tariff on China starting February 1. The decision o...

Economy

Fed's Goolsbee Open to Slowing Rate Cuts, Hints at Economic Stability

Austan Goolsbee, President of the Federal Reserve Bank of Chicago, discusses the potential for slowing down rate cuts, the economy's strong performance, and legal constraints on ad...

Economy

ECB's Villeroy Predicts Euro Area Inflation to Hit 2% Target by Summer

Francois Villeroy de Galhau of the ECB forecasts euro area inflation to sustainably decrease to the 2% target by summer, alongside a predicted 100 basis points rate cut in the firs...

Economy

Canada Stands Firm: Ready to Retaliate Against Potential Trump Tariffs

Canadian Prime Minister Justin Trudeau has declared that Canada will retaliate with equal measures if the US imposes tariffs. This move could significantly impact both economies, e...

Economy

December Sees a 0.7% Surge in US Personal Spending Amid Rising Inflation

US personal spending increased by 0.7% in December, with personal income also rising by 0.4%. Inflation, as measured by the PCE price index, grew by 0.3% month-on-month, with core ...