Browsing: economic policy

WASHINGTON: More than seven years after President Donald Trump launched sweeping tariffs on Chinese goods, official data and widely cited economic studies show…

The yen hit an eight-month low after the Bank of Japan held rates steady while the U.S. dollar rose on the Federal Reserve’s stronger policy tone.

Powell says Fed must carefully balance inflation control and employment amid economic uncertainty and delayed federal data reporting.

Trump and Carney met in Washington to discuss US-Canada trade, with tariffs, USMCA compliance, and economic concerns dominating the agenda.

Treasury data reveals national debt exceeding $37 trillion, accelerating due to pandemic-era spending and recent tax and defense packages.

US President Trump announced a new trade deal with Japan, introducing a 15 percent tariff and a claimed US$550 billion Japanese investment.

US Treasury Secretary Scott Bessent’s absence at G20 fuels fears of an American retreat from the IMF and World Bank, raising concerns over global financial stability.

The EU considers retaliatory action if the US enforces tariffs on steel and aluminum, stating such measures are unjustified and urging Washington to provide official details.

Moscow rebuffed Trump’s claims on BRICS forming a currency, asserting that the group is prioritizing joint investments rather than replacing the U.S. dollar in global trade.

UK Prime Minister Keir Starmer announces plans for increased taxes on the wealthy to address longstanding economic issues.