Trump administration announces fees on Chinese ships docking at U.S. ports
The Trump administration on Thursday announced fees on Chinese-built vessels.
Financial News
Trump again calls for Fed to cut rates, says Powell’s ‘termination cannot come fast enough’
President Donald Trump on Thursday again called for the Federal Reserve to lower rates and even hinted at the “termination” of Chair Jerome Powell.
Powell indicates tariffs could pose a challenge for the Fed between controlling inflation and boosting growth
The central bank leader said that while he expects higher inflation and lower growth, it’s unclear where the Fed will need to devote greater focus.
U.S.’ inability to replace rare earths supply from China poses a threat to its defense, warns CSIS
As China imposes rare earths export controls, the U.S. is unable to make up the shortfall, according to the Center for Strategic and International Studies.
Fed Governor Waller sees tariff inflation as ‘transitory’ in ‘Tush Push’ comparison
The central banker embraced. a term that got the central bank in trouble during the last bout of inflation.
China urges Trump to correct mistakes and heed ‘rational voices’ on reciprocal tariffs
China’s Commerce Ministry called tariff exemptions a “small step” but urged the U.S. to “completely abolish” reciprocal tariffs.
Trump exempts phones, computers, chips from new tariffs
Financial markets have been roiled since President Trump imposed stiff tariffs on China, where Apple and other tech companies make many of their products.
U.S. energy secretary says shale industry will ‘survive and thrive’ despite plunging crude prices
Commodities analysts estimate that U.S. crude needs to stay above $65 per barrel to keep shale producers in business.
Inflation rate eases to 2.4% in March, lower than expected; core at 4-year low
The consumer price index fell a seasonally adjusted 0.1% in March, putting the 12-month inflation rate at 2.4%, down from 2.8% in February.
European Union approves first set of retaliatory tariffs on U.S. imports
The European Union on Wednesday voted to approve its first set of retaliatory measures to counter tariffs imposed by the U.S. on steel and aluminum.