New details on U.S.-European Union trade deal framework – CBS News Watch CBS News The Trump administration and the European Union are sharing new information about a trade framework between the EU and United States. CBS News senior business and technology correspondent Jo Ling Kent has the details. Source link
Updated on: Aug 22, 2025 10:14 am IST Chinese ambassador Xu Feihong Xu said China will stand with India to uphold the multilateral trading system at a time when the US is using tariffs. In another sign of warming ties between Beijing and New Delhi, Chinese ambassador Xu Feihong has expressed solidarity with India against…
Walmart reported better than expected quarterly revenue as inflation-battered shoppers flocked to its stores — but the retail giant’s shares were poised to drop as costs from Trump’s tariffs cut into profits. The world’s biggest retailer posted quarterly revenue of $177.4 billion — a hefty 4.8% jump that sailed past Wall Street’s $175.9 billion target….
Despite a barrage of new tariffs imposed by the Trump administration this year on dozens of U.S. trade partners, the prices of goods and services across the U.S. have defied many economists’ expectations and remained relatively stable. Economists caution that just because tariffs have yet to trigger a renewed bout of inflation, there is no…
Chinese Foreign Minister Wang Yi arrived in New Delhi on Monday for a two-day visit viewed by many as the first indication of a thaw in relations between two rivals. The last such meeting took place in 2020 after a border clash heightened tensions between China and India, which have long been locked in a…
S&P Global Ratings reaffirmed its AA+ credit rating for the U.S., saying that new revenue raised by the Trump administration’s tariffs will help offset the tax cuts authorized by the Republicans’ One Big Beautiful Bill Act. The credit ratings agency, which issued its new assessment of the nation’s fiscal health late Monday, said that it…
As students savor the last dregs of summer before heading back to school, many families are shopping for supplies earlier this year to get ahead of tariffs. Over half of U.S. households that earn less than $50,000 a year say they plan to buy only essential school items, while 74% say they are shopping earlier…
WASHINGTON — Bipartisan legislation introduced in the U.S. House of Representatives aims to give Congress more control in crafting trade policy and tariff policy and as a way to reshore manufacturing to the U.S. The Secure Trade Act, introduced on Friday by U.S. Reps. Jared Golden, D-Maine, and Greg Steube, R-Fla., incentivizes American-produced domestic goods…
The Port of Nansha in Guangzhou, China. (Bloomberg) [Stay on top of transportation news: Get TTNews in your inbox.] China and India want better relations, India’s External Affairs Minister Subrahmanyam Jaishankar said, in the latest sign of a thaw between the Asian rivals as they push to normalize relations amid unpredictable U.S. trade policies. The…
The electric vehicle (EV) industry, formerly one of China’s most inward-focused industrial sectors, is now leading a push overseas, carrying the government’s hopes of forging an offshore economic empire to sidestep cutthroat competition at home. Last year, for the first time, Chinese EV companies invested more overseas than they did at home, despite higher costs,…