Economy
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Economy | LATEST STORIES
Trump Open to Extending July 8 Tariff Deadline as Trade Talks Continue
The president says deadline flexibility is possible while warning that the United States is prepared to impose take-it-or-leave-it trade terms if talks fail.
Tariff Revenues Help Send US Budget Deficit 9 Percent Lower in May
Federal tax receipts also record double-digit increase from a year ago.
Bessent Says Budget Deficit Will Near 7 Percent of GDP This Year, Blames ‘Blowout’ Spending Under Biden
The Treasury chief says the fiscal imbalance reflects historic overspending, while touting the Trump administration’s tax and trade agenda.
Reeves Pledges Boost to Health, Housing, and Defence in Multi-Year Spending Review
Government spending plans have sparked warnings of economic strain and rising taxes.
US Annual Inflation Ticks Up to 2.4 Percent, Below Market Estimate
Shelter inflation accounted for much of last month’s increase.
Trump Announces Finalized US–China Trade Deal
U.S. tariffs on Chinese goods will rise to 55 percent, while China will supply rare earths.
Appeals Court Allows Trump’s Tariffs to Remain in Effect
The court said the case raises “issues of exceptional importance” that warrant an expedited review; oral arguments are set to take place on July 31.
US, Chinese Officials Reach Trade Deal That Needs Executive Approval
‘We’re going to go back and speak to President Trump and make sure he approves it,’ Commerce Secretary Howard Lutnick said after talks in London.
Lawmakers Debate Energy Department’s $3.7 Billion in ‘Green Energy’ Cuts
House panel Republicans praise Energy Secretary Chris Wright’s plan to slash his department’s non-defense spending and refocus on its ‘core mission.’
Is the Fed Listening to All the Data?
The Beige Book, plus the bulk of last week’s economic data, should convince the Fed that they must cut key interest rates when they meet next week.
US–China Hold Second Day of Trade Talks in London
‘They’re going well, and we’re spending lots of time together,’ said Commerce Secretary Howard Lutnick.
Overhaul of Thames Water Comes Amid Privatisation, Foreign Ownership Scrutiny
The government estimates that the renationalisation of the water sector could cost more than £200 billion.
New York Fed Reports Drop in Consumer Inflation Concerns, Positive Shift in Job Market
More U.S. households say they are better off now than a year ago.
China’s Exports to US Fall at Fastest Pace in 5 Years
Outbound shipments to the United States fell 35 percent in May, China’s data showed on June 9, hours before a new round of trade negotiations began in London.
Rising Costs of US Pet Services Could Dampen Adoptions by Retirees
Pet owners are growing more concerned about the affordability and access to pet services and veterinary care, according to the APPA.
US, China Wrap Up First Day of Trade Talks in London
While rare earth exports have resumed, they remain below the levels outlined in the Geneva agreement, Trump’s economic adviser says.
Trump Announces US-China Trade Talks in London on June 9
‘The meeting should go very well,’ the president said on Truth Social.
US Economy Adds 139,000 New Jobs in May, Topping Market Forecasts
Health care and leisure and hospitality lead the employment gains.
Home Rents Fall in 28 Major US Metros
Falling rents and high costs of buying homes are pushing many people to stick with renting.
