Economy

Economy news. Economy refers to the system of production, distribution, and consumption of goods and services within a society. It encompasses everything from individual spending and business operations to government policies and international trade. The economy is influenced by numerous factors, including supply and demand, inflation, employment rates, and fiscal policies

US Tariffs Spark Fears of Trade Conflict in Asia

Several Asian nations that are major trading partners with the U.S. reacted strongly Friday to a U.S. decision to impose tariffs on metal imports, raising concerns of global trade conflicts. …

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China Gears Up to Retaliate Against US Tariffs

China is gearing up to retaliate in response to stiff U.S. tariffs on steel and aluminum as Chinese industry associations urge authorities to take “resolute measures.” Retaliation from Beijing could …

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Students Learn Real Skills, Earn Simulated Profits

Young people around the United States are creating virtual businesses that produce simulated products, which are marketed and sold for virtual money. Thirteen hundred students recently showcased their ventures, ranging …

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Hiring Surge Added 313,000 Jobs in February, Most Since July 2016

U.S. employers went on a hiring binge in February, adding 313,000 jobs, the most in any month since July 2016, and drawing hundreds of thousands of people into the job …

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Does Cohn’s Exit Mark End of Trump’s Goldman Era?

Has President Donald Trump’s romance with the Goldman Sachs crowd gone cold? Top economic adviser Gary Cohn is only the latest Goldman figure to head for the White House exits, …

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Economists Warn of Escalating Trade War Following US Steel Tariffs

American trading partners are criticizing the Trump administration’s proposed tariffs on steel and aluminum imports into the United States. Many analysts say the situation could lead to a new trade …

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As TPP Eliminates Tariffs, Trump Moves to Implement New Ones

Despite opposition from many in his own party and warnings of retaliation by US trading partners abroad, President Donald Trump on Thursday rolled out tariffs on steel and aluminum imports, …

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Trump’s Tariffs Elicit Strong Response at Home, Abroad

U.S. President Donald Trump’s announcement of new tariffs on steel and aluminum is eliciting strong reactions at home and around the world. America’s neighbors breathed a sigh of relief at …

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Trump Signs Off on US Metals Tariffs, Exempts Canada and Mexico

U.S. President Donald Trump on Thursday signed companion proclamations slapping 25 percent tariffs on steel coming into the country and 10 percent tariffs on imported aluminum. The across-the-board taxes are …

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European Central Bank: Trump Tariff Move ‘Dangerous’

Europe’s top monetary official criticized U.S. President Donald Trump’s proposal to put tariffs on steel and aluminum imports as a “dangerous” unilateral move. Mario Draghi, the president of the European …

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Europe Split on Nord Stream 2 Pipeline as US Warns Against Dependence on Russian Gas

Several Eastern European states have ramped up their opposition to a new gas pipeline linking Russia with Germany. The Nord Stream 2 project will bring Russian gas directly to Western …

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Amid Tariff Debate, Trump Asks China to Reduce US-China Trade Deficit

The Trump administration is asking China for a $1 billion reduction in the U.S.-China trade deficit. The request comes amid intense international debate over U.S. President Donald Trump’s proposed tariffs …

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AP Fact Check: Trump Citing Wrong Information on Trade

President Donald Trump is presenting a skewed picture of the decline of manufacturing in making his case for import penalties that could spark a trade war. A look at his …

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Canada, Mexico to Be Spared From US Metal Tariffs, for Now

U.S. President Donald Trump is expected to sign tariffs on steel and aluminum imports as early as Thursday, with some trading partners receiving temporary exemptions. White House officials said Mexico …

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Trump Sells Tax-Cut Package to Hispanic Business Owners

President Donald Trump is selling Hispanic business owners on his new tax cuts. Trump is delivering the keynote address Wednesday at the annual legislative summit of the Latino Coalition. It’s …

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IMF, European Leaders Rebuke Trump on Planned Tariff Increases

The International Monetary Fund and European leaders pushed back Wednesday against U.S. President Donald Trump’s plan to impose steep tariffs on steel and aluminum imports, saying it would provoke a …

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Kenya Is Slowly Running Out of Coffee Farmers

Kenyan coffee has an international reputation for good quality. But Kenya’s coffee industry is struggling as production levels have dropped and a younger generation shows little interest in farming. Since …

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Some Markets Drop After Trump’s Top Economic Adviser Quits

Trade war fears pushed U.S. and some Asian stock markets lower Wednesday, following the resignation of U.S. President Donald Trump’s top economic adviser. National Economic Council Director Gary Cohn was …

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Tata Steel Europe: Europe Needs Appropriate Measures Against Steel Tariffs

India’s Tata Steel is concerned about U.S. plans to impose tariffs on steel imports, a senior executive at the group’s European unit said on Wednesday. “We need appropriate measures against …

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Zinke Says US Interior Should Be Partner with Oil Companies

Interior Secretary Ryan Zinke says his agency should be a partner with oil and gas companies that seek to drill on public land and that long regulatory reviews with an …

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EU Cool Toward British ‘Associate Membership’ in Bloc’s Agencies

The European Union is cool to the idea of Britain’s “associate membership” in various agencies of the bloc as proposed by London to make Brexit less disruptive for British business. …

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Trump Falls on Forbes Billionaires List; Bezos Rises to Top

U.S. President Donald Trump’s net worth fell by $400 million last year, down to an estimated $3.1 billion, causing him to plummet 222 places on Forbes magazine’s annual list of the world’s …

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