China Abandons US Oil, Canada Gains Amid Trade War
China Shifts Oil Imports from the US to Canada Amid Rising Trade Tensions China is undergoing a notable reorientation of its crude oil sourcing, moving away from United States supplies…
Archive
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Manufacturing Holds Firm in March as Industry Contracts
U.S. Manufacturing Climbs for Fifth Month in March 2024, but Industrial Production Falls Manufacturing posted steady gains in March, yet broader industrial output declined as utilities demand dropped sharply. Economists…
Consumers Rush Purchases Before Tariff Hikes, Retail Sales Soar
U.S. Retail Sales Surge 1.4% in March as Shoppers Front-Load Big Purchases U.S. retail sales rose by 1.4% in March, marking the largest single-month increase in more than two years.…
Eroding Dollar Dominance: US Trade Policies’ Global Impact
U.S. Dollar Under Pressure: Safe-Haven Status and Reserve Currency Concerns Recent market volatility has renewed intense discussion about the U.S. dollar’s position as both a safe-haven asset and the world’s…
Bessent Rejects CEOs’ Recession Fears, Urges Main Street Focus
Treasury Secretary Scott Bessent Urges CEOs Not to Worry About Tariffs, Promises 90-Day Clarity Treasury Secretary Scott Bessent has urged chief executives of major companies to stop worrying about tariffs…
S&P Warns of U.S. Credit Downgrade as Debt Hits 100% of GDP
S&P Global Signals Possible Further Downgrade of U.S. Credit Rating S&P Global Ratings has warned that the United States may face an additional downgrade from its current AA+ credit rating,…
China Outlines Plan to End US-China Trade War
China Sets Conditions for Restarting Trade Talks with the Trump Administration China has outlined a set of conditions for resuming trade negotiations with the Trump administration, signaling that any renewed…
US Launches Tariff Probe into China’s Critical Minerals Supply
President Orders Investigation into Tariffs on Critical Mineral Imports President Trump has directed a formal investigation into the possibility of imposing tariffs on imports of critical minerals, citing national security…
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