Trump's Tariffs

US Job Market Shows Resilience With 177,000-Strong April Hiring, Unemployment Remains at 4.2%

American employers added 177,000 jobs in April, surpassing economists' expectations and demonstrating the continued strength of the U.S. labor market despite concerns over President Donald Trump’s trade policies, The Associated Press reported on Friday, citing the latest report from the Labor Department. The April figure, while down slightly from a...

US Seeking Tariff Talks With China Amid Mounting Economic Pressure: Report

The United States has reached out to China in a bid to initiate discussions over President Donald Trump’s steep 145% tariffs, Reuters reported on Thursday, citing a social media account linked to Chinese state media—potentially signalling a thaw in an otherwise tense trade relationship. According to Yuyuan Tantian, an account...

Tariff Fears Drive Surge in US Consumer Spending as Inflation Cools

Consumer spending surged in March as Americans scrambled to make purchases before President Donald Trump’s sweeping tariffs took effect, even as overall inflation cooled, according to new data released Wednesday by the Commerce Department, as reported by CNN. According to the report, the Personal Consumption Expenditures (PCE) price index, the...

UPS Cuts 20,000 Jobs, GM Delays Investor Call as Trump’s Tariffs Trigger Corporate Fallout

The ripple effects of President Donald Trump’s sweeping tariff policies continued to batter corporate America on Tuesday, with major firms slashing jobs, suspending forecasts, and delaying investor guidance amid escalating uncertainty in global markets, Reuters reported. United Parcel Service (UPS) announced it would cut 20,000 jobs in response to declining...

‘The World as We Knew It Has Gone’, UK PM Starmer Warns Amid Global Economic Uncertainty Over Trump’s Tariffs

UK Prime Minister Keir Starmer has issued a stark warning, saying that "the world as we knew it has gone" following US President Donald Trump’s announcement of sweeping tariffs on international imports, including a 10% tariff on British goods, The Guardian reported on Sunday. The new US tariffs, which took...