Trade
UK economy shrank sharply in April as Trump tariffs and tax rises kicked in
U.S. President Donald Trump \with British Prime Minister Keir Starmer in the Oval Office at the White House in Washington, D.C., U.S., on Feb. 27, 2025. Kevin Lamarque | Reuters The U.K. economy shrank sharply in April as global trade tariffs and domestic tax rises kicked in, data showed Thursday. The latest monthly growth figures […]
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CNBC Daily Open: Good news on U.S. trade and inflation isn’t lifting markets
A cargo ship at Qingdao Port in Shandong Province, China, on June 9, 2025. Cfoto | Future Publishing | Getty Images Consumer prices in the U.S. have been benign since February, and the May reading continues that trend, according to the Bureau of Labor Statistics’ consumer price index report released Wednesday. Meanwhile, the May jobs […]
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China’s racing to build its AI ecosystem as U.S. tech curbs bite. Here’s how its supply chain stacks up
Chip engineer handling a wafer. Compared to Nvidia’s export-restricted chips, the performance gap between Huawei and the H20 is less than a full generation,” said Dylan Patel, founder, CEO and chief analyst of SemiAnalysis. Sinology | Moment | Getty Images With the U.S. restricting China from buying advanced semiconductors used in artificial intelligence development, Beijing […]
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CNBC Daily Open: There’s progress on trade and U.S. inflation — but it’s harder to rely on such news
A man stocks shelves at a grocery store in Brooklyn on May 13, 2025 in New York City. Spencer Platt | Getty Images Consumer prices in the U.S. have been benign since February, and the May reading continues that trend, according to the Bureau of Labor Statistics’ consumer price index report released Wednesday. Meanwhile, the […]
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Trump’s ‘done’ deal with China: Trade damage will remain, logistics firms and retailers say
Chinese President Xi Jinping meets with U.S. President Donald Trump in Osaka, Japan, June 29, 2019. Xinhua News Agency | Xinhua News Agency | Getty Images President Donald Trump declared the trade war with China “done” Wednesday, while Commerce Secretary Howard Lutnick said tariffs on Chinese goods will be locked in at the current 55% […]
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U.S. tariffs on China won’t change again, Lutnick says after trade talks
Commerce Secretary Howard Lutnick said Wednesday that U.S. tariff levels on Chinese imports will not change from their current levels, even as a trade deal between Washington and Beijing has yet to be finalized. Asked on CNBC’s “Money Movers” if the current U.S. tariffs on China are not going to change again, Lutnick replied, “You […]
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Here’s the inflation breakdown for May 2025 — in one chart
Key Points The consumer price index rose 2.4% on an annual basis in May 2025, up from 2.3% in April, according to the Bureau of Labor Statistics. Inflation trends are largely encouraging under the surface, and roughly back to the Federal Reserve’s target level, economists said. However, President Trump’s tariff policy is likely to cause […]
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Trump says China will supply rare earths in ‘done’ deal
U.S. President Donald Trump takes questions from the media at the White House in Washington, D.C., U.S., May 7, 2025. Leah Millis | Reuters U.S. President Donald Trump Wednesday said that China will supply rare earths upfront to the U.S. as part of a trade agreement. The relationship between the world’s two largest economies is […]
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CNBC Daily Open: Headwinds don’t seem to bother the U.S. stock market
Traders work on the floor of the New York Stock Exchange on June 10, 2025. NYSE The U.S. stock market appears a little too optimistic. All three major indexes climbed Wednesday, with the S&P 500 and Nasdaq Composite enjoying their third consecutive session in the green. The S&P, in fact, is around 2% away from […]
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CNBC Daily Open: The U.S. stock market could be a little too optimistic
Traders work on the floor of the New York Stock Exchange on June 10, 2025. NYSE The U.S. stock market appears a little too optimistic. All three major indexes climbed Wednesday, with the S&P 500 and Nasdaq Composite enjoying their third consecutive session in the green. The S&P, in fact, is around 2% away from […]
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