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Kevin Hassett says talks are ‘ongoing’ after US president announced 30% tariffs on goods from EU and MexicoDonald Trump has seen some trade deal offers and thinks they need to be better, Kevin Hassett, the White House economic adviser, said on Sunday, …
Young Americans are holding off on buying a home, with the average age in 2024 being a record high of 38A cornerstone of the American dream is drifting out of reach.The estimated number of first-time homebuyers in the US dropped to a little more than 1…
Latest escalation in trade war is expected to push up costs across key parts of US economyBusiness live – latest updatesCopper prices hit a record high in the US after Donald Trump announced he would impose a 50% tariff on the industrial metal, in the …
There are just two days of talks left before the US president’s potentially swingeing tariffs are restoredThe EU is entering a crunch week with only two days of talks left to secure a trade deal with Washinton to avert Donald Trump’s threatened 50% tar…
US is on the brink of launching a trade assault on dozens of countries as 90-day pause on tariffs is set to end on 9 JulyWhen Donald Trump unveiled his “liberation day” tariffs in the spring, only to pull the plug days later as panic tore through globa…
Economists anticipated drop, but 8,000 new positions were added in June compared with May, with unemployment rate down to 4.1%The US economy added 147,000 jobs in June, a sign of continuing strength in the labor market amid Donald Trump’s trade war.The…
President embraces Robin-Hood-in-reverse policies to benefit wealthiest and hurt those earning under $50,000Last November, Donald Trump made a solemn vow to all Americans: “Every citizen, I will fight for you, your family and your future every single d…
President assails ‘direct and blatant attack on our country’, accusing Canada of imposing unfair technology taxes on USSign up to This week in TrumplandDonald Trump has announced he is ending trade talks with Canada, one of its largest trading partners…
China confirms details amid efforts to end trade war but reiterates it will continue to approve export permitsThe US has reached an agreement with China to speed up rare-earth shipments into America, officials confirmed on Friday. The news sent US stoc…
Jerome Powell says central bank is waiting to see tariffs’ impact on US prices as president claims ‘incompetence’The Federal Reserve is well placed to wait and see how tariffs affect US prices before cutting interest rates, its chair, Jerome Powell, in…