Tag: Tariffs and trade
Powell ‘holds the key’ to the next Fed rate move as divided policymakers will likely fail to reach a consensus again, JPMorgan says
A consensus view on Wall Street for a rate cut next month doesn’t mean there will be a consensus on the Federal Reserve as...
Powell’s ‘unusual’ Jackson Hole remarks reveal he’s boxed in by Trump’s tariffs and deportations, risking a 1970s-style mistake, economist Slok says
Powell noted that while labor markets remain in balance, it is a “curious kind of balance that results from a marked slowing in both...
‘The nation’s finances have deteriorated’ since Trump’s took office, CRFB says, gaming out the scenarios up to a $28.5 trillion deficit
“The nation’s finances have deteriorated” since President Trump took office, driven by sweeping legislative and trade policy changes, according to the Committee for a...
Trump may want you to pay a high tariff for that French wine you enjoy so much. He just left the category blank in his deal sheet with the...
U.S. President Donald Trump’s administration and European Union officials on Thursday released a bare-bones account of their trade deal that imposes a stiff 15% import tax...
Starbucks’ CEO is ditching a merit system and giving all salaried staff a flat 2% pay raise instead
Starbucks will provide a flat 2% pay bump to all salaried employees in North America this year as the coffee chain looks to minimize...
Sony will pass on tariff costs to U.S. consumers by hiking Playstation 5 prices
Sony announced Wednesday it will raise PlayStation 5 console prices in the United States by $50, citing ongoing economic challenges and the financial strain...
Japan pitches free trade zone linking it to Africa, India while extending $5.5 billion loan
Japan’s Prime Minister Shigeru Ishiba on Wednesday proposed an economic zone connecting the Indian Ocean to Africa as the country seeks to play a greater role in the African...
Tariffs will take a $100 million bite out of Estee Lauder’s bottom line, company says
The S&P 500 dropped 1% and was on track for its worst day since the first of the month. It’s also heading for a...
Bessent says China tariff status quo ‘working pretty well’
Treasury Secretary Scott Bessent indicated the U.S. is satisfied with the current tariff set up with China, a signal the Trump administration is looking...
MAHA is reshaping Amazon and other consumer packaged goods companies’ supply chains more than tariffs right now, manufacturing platform CEO says
U.S. consumer packaged goods (CPG) giants are racing to get ahead of President Donald Trump’s Make America Healthy Again movement. Looming food regulatory changes...