Shipping containers are seen at the port of Oakland, as trade tensions continued over U.S. tariffs with China, in Oakland, California, on May 12, 2025.Carlos Barria | ReutersReceipts from U.S. tariffs hit a record level in April as revenue from President Donald Trump's trade war started kicking in.Customs duties...
Treasury Secretary Scott Bessent said Monday that the trade agreement reached over the weekend represents another stage in the U.S. shaking its reliance on Chinese products.Though the U.S. "decoupling" itself from its need for cheap imports from the China has been discussed for years, the process has been a...
09 May 2025, Bavaria, Gmund Am Tegernsee: Katherina Reiche (CDU), Federal Minister for Economic Affairs and Energy, takes part in the Ludwig Erhard Summit. Representatives from business, politics, science and the media are taking part in the three-day summit. Photo: Sven Hoppe/dpa (Photo by Sven Hoppe/picture alliance via Getty...
Bank of England Governor Andrew Bailey attends the central bank's Monetary Policy Report press conference at the Bank of England, in the City of London, on May 8, 2025. Carlos Jasso | Afp | Getty ImagesBank of England Governor Andrew Bailey told CNBC on Thursday that the U.K. was...
SHENZHEN, CHINA - APRIL 12: A woman checks her smartphone while walking past a busy intersection in front of a Sam's Club membership store and a McDonald's restaurant on April 12, 2025 in Shenzhen, China. Cheng Xin | Getty Images NewsAs sky-high tariffs kill U.S. orders for Chinese goods,...
Job growth was stronger than expected in April despite worries over the impact of President Donald Trump's blanket tariffs against U.S. trading partners.Nonfarm payrolls increased a seasonally adjusted 177,000 for the month, slightly below the downwardly revised 185,000 in March but above the Dow Jones estimate for 133,000, the...
Shoppers buy fresh vegetables, fruit, and herbs at an outdoor produce market under green-striped canopies in Regensburg, Upper Palatinate, Bavaria, Germany, on April 19, 2025.Michael Nguyen/NurPhoto via Getty ImagesEuro zone inflation was unchanged at 2.2% in April, missing expectations for a move lower, flash data from statistics agency Eurostat...
Steven Chechette (C) speaks with a recruiter at the KeySource booth at the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on April 30, 2025, in Sunrise, Florida.Joe Raedle | Getty ImagesClues on whether the U.S. economy is merely in a temporary tariff-induced funk or...
Companies slowed hiring sharply in April as they braced against potential impacts from President Donald Trump's tariffs against U.S. trading partners, ADP reported Wednesday.Private sector payrolls rose by just 62,000 for the month, the smallest gain since July 2024, amid heightened uncertainty over the degree of the tariffs and...
The U.S. economy contracted in the first three months of 2025, fueling recession fears at the start of President Donald Trump's second term in office as he wages a potentially costly trade war.Gross domestic product, a sum of all the goods and services produced from January through March, fell...