US close to trade deals with trading partners, White House’s Hassett says
WASHINGTON (Reuters) – The United States is considering offers from 15 countries on tariff agreements and is close to deals with some of them, White House economic adviser Kevin Hassett said on Thursday after President Donald Trump lowered some of the duties in...
Wall Street’s response to tariff shock: client calls and bonus worries
By Svea Herbst-Bayliss, Isla Binnie, Ross Kerber and Dhara Ranasinghe(Reuters) – With markets crashing after U.S. President Donald Trump announced his latest tariffs, Citigroup’s banking head Viswas Raghavan called a global meeting of senior bankers on Monday...
House Republicans pass budget plan that clears the way for Trump tax cuts
By Bo Erickson and Richard CowanWASHINGTON (Reuters) -The U.S. House of Representatives on Wednesday passed a budget plan that lays the groundwork for extending President Donald Trump’s 2017 tax cuts, despite opposition from all Democrats and two Republicans who...
Instant View: Cool March CPI may be short-lived distraction from tariff-led inflation
(Reuters) – U.S. consumer prices unexpectedly fell in March, but inflation risks are tilted to the upside after President Donald Trump doubled down on tariffs on imported Chinese goods even as he lowered duties on other nations.The consumer price index dipped...
Goldman cuts US auto sales estimate by nearly 1 million units due to tariffs
(Reuters) – Goldman Sachs on Thursday cut its estimate for automobile sales in the U.S. for this year by nearly 1 million units, as President Donald Trump’s tariffs make it more expensive to buy a vehicle.While Trump on Wednesday halted reciprocal tariffs...
Trump tariff pause leaves CEOs asking: What happens in 90 days?
By Fedja Grulovic, Patricia Weiss and Jaspreet SinghBELGRADE/FRANKFURT/LONDON (Reuters) – U.S. President Donald Trump’s sudden about-face on sweeping import tariffs did little to soothe companies’ worries about the fallout from his trade war and its...
Auto suppliers Novares, Valeo demand upfront payment to cover tariff cost
PARIS (Reuters) – French automotive suppliers Novares and Valeo are asking customers to cover the full cost of new U.S. duties upfront, company executives said, underlining the hit to global carmakers from President Donald Trump’s tariffs on car...
Europeans discuss Ukraine peace force but big questions unanswered
By Andrew Gray and Benoit Van OverstraetenBRUSSELS (Reuters) – Defence ministers from some 30 countries met in Brussels on Thursday to discuss a “reassurance force” for Ukraine in the event of a ceasefire in the war with Russia but key questions...