Moody’s downgrades United States credit rating, citing growth in government debt
Moody’s had been a holdout in keeping U.S. sovereign debt at the highest credit rating possible, and brings the 116-year-old agency into line with its rivals.
Financial News
Japan assets saw record inflows in April as investors fled U.S. markets — their promise still holds
Japan markets saw a record month of foreign purchases of its equities and bonds in April, but some market watchers believe this to be a one off occurrence.
Group of 21 economies — including U.S. and China — warns of growth slowdown over trade tensions
The Asia Pacific Economic Cooperation forecasts growth to drop to 2.6% in 2025, from 3.6% in the prior year.
China sees the U.S. trade deal as a huge win for Beijing
The sky-high tariffs imposed by President Donald Trump on imports from China have largely been rolled back temporarily under the trade agreement.
White House announces U.S.-China trade deal, offers few details
The Geneva talks come after President Trump slapped 145% tariffs on U.S. imports from China and Beijing retaliated with a 125% levy on U.S. goods.
First Chinese freight ship goods hit with Trump’s 145%-plus tariffs arriving at U.S. ports
Chinese-made goods subject to President Trump’s 145% tariffs have begun arriving at U.S. ports for companies from Amazon to Home Depot, Ikea and Tractor Supply.
China’s exports surge as shipments to Southeast Asian countries offset plunge in U.S. trade
Exports jumped 8.1% last month in U.S. dollar terms from a year earlier, according to data released by customs authority on Friday.
Trump digs in on high China tariffs ahead of trade talks
China said earlier it will enter upcoming talks in Switzerland with Treasury Secretary Scott Bessent “firmly” opposed to Trump’s tariff hikes.
Carney tells Trump: Canada ‘won’t be for sale ever’
Carney’s first visit to the White House since his election comes as the U.S.-Canada trade relationship has been upended as a result of Trump’s tariffs.
Where Trump is likely getting his $1.98 gas price figure
U.S. drivers were paying $3.165 per gallon on average Monday, according to the motorist association AAA.