- Trump's triple-digit tariff essentially cuts off most trade with China, says economiston April 10, 2025 at 7:50 pm
President Trump's tariff increase on imports from China would basically end most trade between that country and the U.S., according to economist Erica York.
- Inflation rate eases to 2.4% in March, lower than expected; core at 4-year lowon April 10, 2025 at 1:18 pm
The consumer price index fell a seasonally adjusted 0.1% in March, putting the 12-month inflation rate at 2.4%, down from 2.8% in February.
- European Union to put countermeasures to U.S. tariffs on hold for 90 dayson April 10, 2025 at 11:33 am
EU members had voted in favor of the package on Wednesday in response to U.S. tariffs on steel and aluminum.
- Tanking oil prices could more than double Saudi Arabia's deficit to $75 billion and threaten spending plans: Goldman Sachs economiston April 10, 2025 at 9:39 am
Saudi Arabia needs oil at more than $90 a barrel to balance its budget. Goldman Sachs this week lowered its Brent crude price forecast for 2025 to $62 a barrel.
- Jamie Dimon says a recession is 'likely outcome' from Trump's tariff turmoilon April 9, 2025 at 9:21 pm
- China says it will continue to take 'resolute and forceful' countermeasures as U.S. tariffs kick inon April 9, 2025 at 12:53 pm
China's foreign ministry reiterated Wednesday that it will take "resolute and forceful" measures to protect its own interests.
- The oil-rich Gulf states are better-positioned to weather the tariff storm — but crashing crude prices could spell troubleon April 9, 2025 at 8:30 am
The countries of the GCC — Saudi Arabia, the UAE, Bahrain, Kuwait, Oman, and Qatar — hold approximately 32.6% of the world's proven crude oil reserves.
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