Trade
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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GM to invest $4 billion in U.S. plants amid tariffs for Mexican-produced vehicles
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet DETROIT — General Motors plans to invest $4 billion in three American assembly plants, including moving or increasing production of two Mexican-produced […]
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Treasury Sec. Bessent leaves London, but U.S.-China trade talks continue
U.S. Treasury Secretary Scott Bessent leaves on his way back to the U.S., while trade talks between the U.S. and China continue, in London, Britain, June 10, 2025. Toby Melville | Reuters U.S. Treasury Secretary Scott Bessent said Tuesday he is departing ongoing trade talks with China because he has to travel to Washington, D.C., […]
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Boeing airplane orders rise to highest level since late 2023 ahead of Paris Air Show
Boeing 737 aircraft fuselages are pictured at the company’s Renton factory in Renton, Washington, on April 15, 2025. Jason Redmond | AFP | Getty Images Boeing‘s gross orders for new airplanes hit 303 last month, the most since December 2023, as the company makes strides against its rival Airbus and works to stabilize production of […]
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China’s rare-earth mineral squeeze puts defense giants in the crosshairs
Crews walk towards a Royal Navy F-35B Lightning fighter jet to prepare it for take-off from the deck of British aircraft carrier HMS Prince Of Wales, in an undisclosed location, on April 24, 2025, following its deployment to the Indo-Pacific region. Richard Pohle | Afp | Getty Images The automotive and robotics industries have been […]
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CNBC Daily Open: ‘Good reports’ from U.S.-China talks could push S&P 500 to new high, analysts say
He Lifeng, China’s vice premier, arrives for trade talks at Lancaster House in London on June 9, 2025. Chris Ratcliffe | Bloomberg | Getty Images Trade negotiators from the U.S. and China have met in London, and talks are expected to continue Tuesday, a source familiar with the situation told CNBC’s Megan Casella. It seems […]
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