The latest set of European Union restrictions are aimed at chipping away at Russia’s energy profits and ability to do business globally.
The latest set of European Union restrictions are aimed at chipping away at Russia’s energy profits and ability to do business globally.
The Federal Reserve lowered rates by a quarter point, but one governor voted for a bigger cut. Balancing persistent inflation and a weaker labor market was “a challenging situation,” the central bank chair said.
House Republicans extended a maneuver they engineered earlier in the year that effectively strips Congress of the power to disapprove of President Trump’s tariffs.
Top economic officials met in Madrid for a second day, with deadlines looming on tariffs and a ban on TikTok in the United States if it is not sold by its Chinese owner, ByteDance.
Popular products from Britain and the European Union show how uneven and unpredictable U.S. tariffs have become, even when part of trade deals.
Economic officials meeting in Madrid will seek to head off a November tariff deadline.
Last week’s immigration operation at a battery plant highlighted a tactic that companies use to bring in foreign workers to establish new operations.
For the president, the power to issue limitless tariffs is at the heart of his second-term vision, from trade to foreign policy.
Commerce Secretary Howard Lutnick has been putting the squeeze on companies and trading partners in an unusual effort to raise revenue and expand the president’s role over the economy.
As pandemic subsidies disappeared, wages kept workers just ahead of inflation, although gaps have widened for some groups.