WASHINGTON, DC – APRIL 02: U.S. President Donald Trump displays a signed executive order imposing tariffs on imported goods during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. Touting the event as “Liberation Day”, Trump announced sweeping new tariffs targeting…
WASHINGTON (Reuters) -New orders for key U.S.-manufactured capital goods increased more than expected in July, suggesting business spending on equipment got off to a strong start in the third quarter. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending, surged 1.1% last month after a revised 0.6% decline in June, the…
By Dan Burns (Reuters) -The U.S. trade deficit narrowed in June on a sharp drop in consumer goods imports, the latest evidence of the imprint on global commerce President Donald Trump is making with sweeping tariffs on imported goods. The overall trade gap narrowed 16.0% in June to $60.2 billion, the Commerce Department’s Bureau of…
(Reuters) -New orders for U.S.-manufactured goods fell in June as commercial aircraft orders plunged, reversing the surge in plane orders that had driven the overall upswing in orders in the prior month. Factory orders tumbled 4.8% after an upwardly revised 8.3% increase in May, the Commerce Department’s Census Bureau said on Monday. Economists polled by…
By David Gaffen and Marleen Kaesebier (Reuters) -U.S. President Donald Trump is getting his tariffs. Companies are making it clear how they intend to deal with it – passing them on to American consumers. Throughout the spring, big retailers and consumer product makers warned that levies on imported goods would squeeze their operations, forcing them…
Recent weakness in the Hong Kong dollar against some regional currencies has made the city more appealing to inbound tourists while lowering the costs of services, economists and industry leaders have said. The Hong Kong dollar, pegged to the US dollar, weakened against a basket of currencies as reflected in the US dollar DXY Index,…