Canada’s labour market suffered a setback in July, with the economy shedding 40,800 jobs and pushing the national employment rate down to 60.7%, its lowest level since November, Statistics Canada reported Friday. The decline erases much of June’s surprising gain of 83,000 jobs. Despite the job losses, the unemployment rate held steady at 6.9%, hovering … Read More
China’s steel exports climbed in July, continuing a record-breaking run despite growing trade barriers being thrown up by countries concerned about a flood of Chinese exports. Steel exports in July rose 1.7% from June to 9.84 million metric tons, taking total exports so far this year to 67.98 million tons, data from the General Administration … Read More
The United States began charging higher tariffs on goods from dozens of trading partners Thursday, in a major escalation of President Donald Trump’s drive to reshape global commerce in America’s favor. Shortly before the new levies kicked in, Washington separately announced it would double Indian tariffs to 50% and hit many semiconductor imports from around … Read More
Imports from other countries fell around 4 percent from the previous month as President Trump’s steep tariffs discouraged businesses from ordering goods. Exports dipped slightly, about 0.5 percent, as U.S. companies sold fewer industrial goods. Still, the overall trade deficit narrowed to $60.2 billion in June. Read the article.
The U.S. trade gap narrowed in June, government data showed Tuesday, as imports pulled back more than exports while businesses grappled with President Donald Trump’s tariffs on allies and competitors alike. The overall trade deficit in the world’s biggest economy narrowed by 16% to $60.2 billion, down from a revised $71.7 billion figure in May, … Read More
DreamSofa, a pioneer in custom American-made furniture, today proudly announces the official launch of its DreamModularCollection—the next generation in modular sectional sofas that redefines home comfort, craftsmanship, and convenience. Backed by an $8 million investment in state-of-the-art factory robotics at its US manufacturing facility, the DreamModular™ line offers unmatched customization, superior durability, and sophisticated design … Read More
President Trump’s extensive tariffs have already started to generate a significant amount of money for the federal government, a new source of revenue for a heavily indebted nation that American policymakers may start to rely on. Over time, analysts expect that the tariffs, if left in place, could be worth more than $2 trillion in … Read More
Bilateral deals with major trading partners have rolled in over the last week. The average effective tariff rate on imports to the US sits at its highest level in nearly a century. Tariff revenue is soaring. Financial markets have settled, and stocks have bounced consistently around record highs in recent weeks. Predictions of soaring inflation … Read More
The US president, Donald Trump, has signed an executive order imposing “reciprocal” tariffs ranging from 10% to 41% on imports from dozens of countries and foreign locations, shortly after extending the deadline for a tariff deal with Mexico by another 90 days. The order listed higher import duty rates that would start from 7 August … Read More
President Donald Trump signed executive orders on Thursday evening to impose tariffs of between 15 and 41 percent on goods shipped to the U.S. from more than 67 countries, ratcheting up tariffs to the highest levels in more than a century. The new duties, however, won’t go into effect until Aug. 7 — giving countries … Read More
