Economy News

Economy

EU Delays Countermeasures Against US Tariffs Until August Amid Trade Tensions

The European Union has decided to extend its suspension of countermeasures against US tariffs until August, amid ongoing trade tensions. European Commission President Ursula von de...

Economy

Trump Holds Authority to Dismiss Fed Chair Powell Over Justifiable Causes, Hassett Reveals

White House economic adviser Kevin Hassett confirms President Trump's authority to fire Fed Chair Jerome Powell if justified, alongside discussing Trump's views on improving propos...

Economy

Trump Escalates Trade War: Announces 35% Tariff on Canada Effective August 1

Former President Donald Trump threatens to impose a 35% tariff on Canadian goods starting August 1, escalating his trade war tactics. Canada vows to protect its workers and busines...

Economy

Germany and Italy Advocate for Diplomatic Dialogue Amid Escalating US-EU Tariff Dispute

European Union leaders, including Germany and Italy, are calling for dialogue and unity in response to US President Donald Trump's decision to impose 30% tariffs on EU exports. The...

Economy

German Trade Leader Condemns Trump's 30% Tariffs on EU, Warns of Global Economic Chaos

Dirk Jandura, head of Germany's BGA, criticizes Trump's 30% tariffs on the EU, warning of global economic chaos and urging Europe to seek independence from the U.S. market. The EU ...

Economy

Exclusive: Mexico Engages in Urgent Trade Talks with US Amid New Tariff Threats

Mexico's Economy Minister Marcelo Ebrard announces ongoing trade negotiations with the US following President Trump's new 30% tariffs on Mexican goods, with a deadline set for Augu...

Economy

Saudi Arabia Boosts June Oil Production Amid Rising Geopolitical Tensions and Global Supply Concerns

Saudi Arabia increased its June oil output due to geopolitical tensions, adhering to OPEC+ quotas. The extra production bolstered domestic and offshore reserves, ensuring global en...

Economy

Goolsbee Warns: Trump's Tariff Threats Could Postpone Fed's Rate Cuts Amid Inflation Fears

Chicago Fed President Austan Goolsbee discusses how Trump's latest tariff announcements, including a 35% duty on Canadian goods, could affect inflation and delay Fed rate cuts, urg...