Trump upended trade once, aims to do so again with new tariffs
By David Lawder WASHINGTON (Reuters) – Donald Trump came to Washington eight years ago vowing to rewrite U.S. trade relationships, shrink a massive goods trade deficit and rebuild America’s industrial base with new tariffs. The president-elect is about to embark on an
Republicans in Congress warn rising US bond yields could hit Trump’s tax cut plans
By David Morgan WASHINGTON (Reuters) – Just days before Donald Trump returns to power, some of his Republican allies in the U.S. Congress are warning that the president-elect’s aggressive tax-cut agenda could fall victim to signs of worry in the bond
Fed not anticipated to cut rates before June after easing inflation data, UBS says
Investing.com – The Federal Reserve is not anticipated to slash interest rates again before June following a softer-than-anticipated core inflation reading earlier this week, according to analysts at UBS. Headline consumer prices increased by 0.4% last month, accelerating slightly from 0.3% in
China to investigate US subsidies to mature node chips
BEIJING (Reuters) -China will launch an investigation into U.S. government subsidies to its semiconductor sector at the request of China’s mature node chip industry, the commerce ministry said on Thursday. Unlike the cutting-edge chips used to power artificial intelligence, mature node
U.K. government bond yields rise following slow GDP growth
Investing.com — The yields on U.K. government bonds have seen an increase following the revelation of slow GDP growth in November and stagnant growth over the three months leading up to November. This increase comes after a significant drop in