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Bessent Lays out Plans to Reshape Global Trade
U.S. Treasury Secretary Scott Bessent Thursday laid out the Trump administration's ambitions to reshape international trade relations using tariffs, roll back financial regulations on American banks, and use sanctions on Iran to collapse its economy.
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Trump's Policies Making the Fed's Job Undoable
He's moving fast and breaking things but sowing more chaos than progress in his wake
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Trump Delays Mexico Tariffs for a Month
President Donald Trump on Thursday said Mexico won't be required to pay tariffs on any goods that fall under the United States-Mexico-Canada Agreement on trade until April 2."After speaking with President Claudia Sheinbaum of Mexico, I have agreed...
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Trump: I Will Change Biden's 'Massive Trade Deficit'
President Donald Trump vowed to end the "massive trade deficit" that grew to record numbers under former President Joe Biden.
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Lutnick: One-Month Tariff Reprieve Likely for USMC-Compliant Goods
U.S. Commerce Secretary Howard Lutnick Thursday said the one-month reprieve on hefty tariffs on goods imported from Mexico and Canada that has been granted to automotive products is likely to be extended to all products that comply with the U.S.-Mexico-Canada Agreement on...
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US Trade Deficit Hits Record High in January on Imports Surge
The U.S. trade deficit widened to a record high in January amid front-loading of imports ahead of tariffs, suggesting that trade could be a drag on economic growth in the first quarter.
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Unemployment Claims Fall as Job Market Remains Sturdy
Applications for U.S. jobless benefits fell last week as the labor market remains sturdy ahead of an expected purge of federal government employees.
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Fed Survey: US Economic Activity up Slightly as Tariff Worries Rise
U.S. economic activity has risen slightly but unevenly since mid-January, employment nudged higher, and prices increased modestly, the Federal Reserve said, with businesses and households expressing continued optimism amid rising uncertainty about how U.S. President Donald...
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Businesses Scramble to Contain Fallout From Trump's Tariffs
A Minnesota farmer worries about the price of fertilizer. A San Diego entrepreneur deals with an unexpected cost increase of remodeling a restaurant. A Midwestern sheet metal fabricator bemoans the prospect of higher aluminum prices.
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Trump's Leadership and Common Sense Can Ignite Economic Growth in the USA
President Donald Trump's joint session speech, "America is Back," was one of his best since entering politics.
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Sheinbaum: Mexico May Seek Other Trade Partners
Mexico's government may look for other trade partners besides the U.S., the nation's president said Wednesday, after U.S. President Donald Trump slapped tariffs on the U.S.' southern neighbor.
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Canada, Mexico Tariffs May Get Some Exemptions
Commerce Secretary Howard Lutnick said there might be carveouts coming to the 25% tariffs placed on Canada and Mexico by President Donald Trump, a sudden backing away after Tuesday's tax hike hurt the stock market, worried consumers and started a trade war.
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US Job Growth Slows Sharply
U.S. private payrolls growth slowed sharply in February, the ADP National Employment Report showed Wednesday.
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Trump Exposes OPEC's Diminished Market Power
Is OPEC's iron grip on the oil markets a thing of the past? Events over the last 24 hours suggest power in the oil market has shifted to Washington from Riyadh - in part because of U.S. President Donald Trump and in part because of longer-term shifts.
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UAW Applauds Trump Tariffs for Ending 'Free Trade Disaster'
So-called "free trade" of the last 40 years has destroyed "good blue-collar jobs in America" as U.S. corporations steadily moved production overseas," the United Auto Workers said in a statement Tuesday.
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UAW Applauds Trump Tariffs for Ending 'Free Trade Disaster'
So-called "free trade" of the last 40 years has destroyed "good blue-collar jobs in America" as U.S. corporations steadily moved production overseas," the United Auto Workers said in a statement Tuesday.
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RFK Jr. Reshaping HHS Stance on Vaccines
Health and Human Services Secretary Robert F. Kennedy Jr. is reshaping the federal government's stance on vaccinations.
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Too Much Too Soon: Govt Changes Best if Gradual
Beyond a certain point it can be cheaper to live with some inefficiency or corruption than to completely eliminate them. One advantage of peaceful reform over violent revolution is that reforms, even those ultimately producing large changes, are always gradual.
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Warren Buffett: Tariffs Are 'Act of War'
Billionaire investor Warren Buffett called tariffs "an act of war, to some degree" when asked about President Donald Trump's plans for goods from other countries.
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Commerce Chief: Prices May Rise Short-Term Amid Tariffs
U.S. Commerce Secretary Howard Lutnick said prices could rise in the aftermath of tariffs imposed overnight on goods from China, Canada and Mexico, but that the tariffs could be removed if the countries could show progress on stopping the flow of fentanyl.
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Trump to Pledge New 'American Dream' in Address
President Donald Trump will promise a "renewal of the American dream" Tuesday in his first address to Congress since returning to office, laying out a vision of extended presidential power and a reshaped world order.
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As Tariffs Arrive, Companies Brace for More Uncertainty
Business executives have been in a state of limbo over Donald Trump's fluctuating plans to impose major tariffs since he took office in January.
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Bessent: Chinese Manufacturers Likely to Absorb Tariffs
U.S. Treasury Secretary Scott Bessent Tuesday expressed confidence that Chinese manufacturers would absorb U.S. tariffs that went into effect overnight, and said the U.S. was in "transition" regarding tariffs on Canada and Mexico.
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US Policy Fog Spells Trouble
Already-nervy markets were greeted Tuesday with a full-blown trade war and major diplomatic row, as fears of a first-quarter economic downturn erased hopes that the U.S. economy will sail through the disruption unscathed.
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Trade Wars Intensify as US Tariffs on Canada, Mexico & China Take Force
Mounting trade wars between the United States and its largest economic partners deepened on Tuesday as U.S. tariffs on Canada, Mexico and China kicked in, sparking swift retaliation from Beijing and Ottawa.