Jerome Powell’s press conferences—sometimes market-moving events—have attracted less notice of late. With Donald Trump in the White House, the chair of the Federal Reserve faces competition for attention. Yet a recent inflation reading has returned prices to the public eye. In January America’s “core” consumer price index, which strips out volatile food and energy costs,…
Subscribe to Trumponomics on Apple PodcastsSubscribe to Trumponomics on Spotify On this week’s episode of Trumponomics, we ask what it is exactly US President Donald Trump may be trying to accomplish with his tariff threats and trade wars. Host Stephanie Flanders, Bloomberg’s head of government and economics, is joined by Anna Wong, chief US economist…
US President Donald Trump has rattled economies and markets with his promise of imposing punitive tariffs on the nation’s largest trade partners. So far he’s implemented 10% levies on China; delayed plans to hit Mexico and Canada with a 25% duty tax; and indicated that he’s coming for the European Union next. Yet beyond all…
Supply Lines is a daily newsletter that tracks global trade. Sign up here. Panama is weighing whether to cancel its contract with the Hong Kong-based company that operates ports near the Panama Canal, according to people with knowledge of the situation, a potential concession to defuse President Donald Trump’s threats about countering China’s influence around…
US President Donald Trump said his administration plans to speak with China, raising the possibility of a potential reprieve on a 10% tariff set to take effect in hours after he delayed levies on Canada and Mexico. Speaking to reporters in Washington on Monday, Trump said talks with China would take place “probably over the…
Mexico’s finance chief Rogelio Ramirez de la O will host a conference call with investors on Monday after US President Donald Trump ordered 25% tariffs on exports from the country, sending the peso plunging in the Asian market. Ramirez De la O is scheduled to speak to investors at 9 a.m. Eastern Time on Monday,…
As threats of a new trade war loom, China is seeking to boost domestic demand by dangling subsidies in front of a nation of wary spenders. For 31-year-old Huihui Xu, that means she can finally afford a 6,700 yuan ($922) La-Z-Boy armchair, the kind that comes with a retractable footrest. “Without the subsidy policy, I…
China’s electricity demand is becoming a key focal point in the global fight against climate change. As the world’s largest polluter, China holds outsized sway over whether emissions can be reduced fast enough to avoid the worst impacts of global warming. The country’s breakneck adoption of clean energy technology has created hope that it will…
China has failed to break a deflationary cycle and is now on track for the longest streak of economy-wide price declines since the 1960s, analysts say, exposing a key vulnerability likely masked by a growth upswing at the end of last year. Deflation persisted for the second straight year in 2024, official data due Friday…
An Italian structural composites company has selected Chattanooga for its first U.S. operations facility, investing nearly $3.8 million into the city. According to a statement from Tennessee Governor Bill Lee, Commissioner Stuart McWhorter, and officials from Microtex Composites Inc., the company will create 26 new jobs. Based in Italy, the composites manufacturer has experienced rapid…