U.S. Economy
‘The eye of the hurricane’: Why the U.S. job market has soured, economists say
Key Points The July 2025 jobs report suggests a sharper slowdown in U.S. job growth than previously thought, economists said. President Donald Trump’s tariff policy is among the economic headwinds contributing to slower job creation and hiring, economists said. Immigration policy and relatively high interest rates are other factors, they said. Job seekers face a […]
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Trump rejigs tariff rates ahead of deadline, levies 40% duties on all transshipped goods
U.S. President Donald Trump points a finger as he delivers remarks in the Roosevelt Room at the White House in Washington, D.C., U.S., July 31, 2025. Kent Nishimura | Reuters U.S. President Donald Trump signed an executive order Thursday that modified “reciprocal” tariffs on dozens of countries, with updated duties ranging from 10% to 41%. […]
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Trump’s 50% copper tariff includes a major exemption. That won’t halt price rises
Copper rods in storage at the Aurubis AG metal refinery in Hamburg, Germany, on Wednesday, July 16, 2025. Bloomberg | Bloomberg | Getty Images A major exemption to President Donald Trump’s 50% copper tariff has shocked traders and sent U.S. market prices plummeting. The final order on copper tariffs, which the Trump administration says will […]
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Trump’s trade agenda is on the line as appeals court hears arguments in key tariffs case
President Donald Trump holds a chart as he announces a plan for tariffs on imported goods during an event April 2, 2025, in the Rose Garden at the White House. Demetrius Freeman/The Washington Post via Getty Images A federal appeals court on Thursday is hearing arguments on whether to kneecap President Donald Trump’s global tariff […]
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Trump imposes universal 50% tariff on copper imports, White House says
Copper pipes are displayed in a home rebuilding store on July 9, 2025 in New York City. Spencer Platt | Getty Images President Donald Trump on Wednesday signed on order imposing a universal 50% tariff on copper imports, the latest metal he has targeted with a steep import tax. The new, higher copper tariffs go […]
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Fed meeting live updates: Traders wait to see how many central bank members go against Powell
The central bank is expected to keep its target rate at a range of 4.25% to 4.50%, but traders want to see whether any Fed governors go against the decision. Source
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Bessent says ‘not to panic’ over tariff rate surges on Aug. 1
U.S. Treasury Secretary Scott Bessent attends a press conference at government quarters Rosenbad after the trade talks between the U.S. and China concluded, in Stockholm, Sweden, July 29, 2025. Magnus Lejhall | TT | Via Reuters Treasury Secretary Scott Bessent on Wednesday urged corporate America, investors and U.S. trade partners “not to panic” if tariff […]
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Trump announces 25% tariff on India plus ‘penalty’ for trade with Russia
U.S. President Donald Trump listens as Indian Prime Minister Narendra Modi speaks during a joint press conference in the East Room at the White House on February 13, 2025 in Washington, DC. Alex Wong | Getty Images News | Getty Images President Donald Trump said Wednesday that India will pay a tariff of 25% beginning […]
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Trump says Friday tariff deadline ‘will not be extended’
U.S. President Donald Trump gestures before boarding Air Force One as he returns to Washington, D.C., in Lossiemouth, Scotland, Britain, July 29, 2025. Evelyn Hockstein | Reuters President Donald Trump said that he will not extend Friday’s deadline for his “reciprocal” tariffs on dozens of countries to restart. “THE AUGUST FIRST DEADLINE IS THE AUGUST […]
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Bessent to American businesses: ‘Not the end of the world’ if April 2 tariffs kick in
Top Trump administration officials insist that the Aug. 1 deadline is not changing, even as dozens of countries’ trade negotiations are unresolved. Source
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