Tariffs
Pakistan's National Assembly Standing Committee on Finance has been briefed on the new National Tariff Policy, which aims to increase exports and reduce the trade deficit by drastically cutting import duties. The policy, touted as "Pakistan's East Asia moment," relies heavily on the World
Tariffs
U.S. Senator Jeanne Shaheen (D-NH) warns that President Trump's trade policy threatens American national defense and global alliances, creating supply chain disruptions, driving up costs, and eroding trust among NATO allies. Shaheen co-leads a bipartisan Congressional delegation to the Paris Air Show, where she expresses concerns about
Tariffs
Federal Reserve Chair Jerome Powell told reporters at a press conference on Wednesday that the central bank is well-positioned to wait and learn more about the likely course of the economy before considering any adjustments to its policy stance. Powell emphasized that uncertainty remains "unusually elevated" as trade
Tariffs
Prime Minister Sir Keir Starmer is pushing for a trade agreement between the UK and US, with his top business adviser, Varun Chandra, set to meet US officials in Washington. The talks aim to resolve outstanding issues on steel and pharmaceuticals, with the goal of reaching an agreement by the
Tariffs
The UK and US have finalized a deal to cut trade barriers on goods from both countries, but US steel tariffs on British imports remain unchanged at 25% despite promises from Sir Keir Starmer to have them removed. A US executive order signed by Donald Trump has raised concerns that
Tariffs
Yesterday, President Donald J. Trump signed an Executive Order implementing American commitments under the General Terms of the United States-United Kingdom Economic Prosperity Deal. This historic trade deal provides American companies unparalleled access to British markets while bolstering U.S. national security. The agreement includes billions of dollars of increased
Tariffs
The mid-year auto market analysis by CarGurus highlights the impact of tariff uncertainty, shifting inventory dynamics, and evolving consumer preferences on the new and used vehicle market. The report reveals that new vehicle sales spiked 48% year-over-year in the days after the March tariff announcement, with buyers racing to beat
Tariffs
The Federal Reserve kept its key interest rate steady this week, citing the need for more information on how tariffs and other potential disruptions will affect the economy. While Fed policymakers still expect to cut rates twice this year, they project inflation to rise due to President Trump's
Tariffs
Biotech analysts at EY are expressing concerns about the industry's prospects due to various economic uncertainties, including potential pharmaceutical tariffs, tax rates, and interest rates. The analysts are finding it challenging to assess trends and make projections in their 35th annual "Biotech Beyond Borders" report. Geopolitical
Tariffs
Policymakers at the Federal Reserve are approaching their Wednesday meeting with caution, poised to leave interest rates unchanged for a fourth consecutive time. This decision reflects the uncertain economic landscape, influenced by President Donald Trump's trade policies and their effect on growth and inflation. While the economy has
Tariffs
As the US-China trade war intensifies, a recent email exchange between the Port of Los Angeles CEO Gene Seroka and Chinese Consul General's wife Wang Wei has shed light on the behind-the-scenes Chinese lobbying efforts directed at state and local authorities in the US. The emails, obtained through
Tariffs
The Supreme Court has been asked by two toy manufacturers to expedite their case and rule on whether Congress authorized President Trump's tariffs program. In an unusual request, Learning Resources and hand2mind are seeking to use a rare procedure to bypass the US Court of Appeals for the
