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U.S. economy
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- 1US and China strike trade deal worth $30 billion eachโU.S. and China strike trade deal for tariff cuts worth nearly $30 billion each
The United States and China have reached a trade agreement that will cut tariffs worth nearly $30 billion for each side. The deal, reported by Fast Company, marks a significant step in easing tensions between the world's two largest economies. Further details on the terms and timeline have not yet been widely reported.
- 2China and US agree tariff cuts on $60 billion of goodsโ๐ด BREAKING China and U.S. Agree to Tariff Cuts on $60 Billion of Goods China and the United States have reached an agree
China and the United States have reached an agreement to reduce tariffs on $60 billion worth of goods. The reduction covers a diverse range of products, including US corn and cosmetics as well as Chinese goods. The deal marks a step toward easing trade tensions between the world's two largest economies, and observers are watching for details on implementation timelines.
- 3
Transportation costs are climbing across the United States and the increases are now rippling through the broader economy, according to a Wall Street Journal report. Higher freight and shipping expenses are being passed on to businesses and consumers, raising concerns about inflationary pressure and squeezed corporate margins as companies absorb or pass along rising logistics bills.
- 4
The United States and China have struck a new trade deal, according to reports from the American Conservative. The agreement's specific terms have not been detailed in available reporting. Any trade accord between the world's two largest economies carries weight for global markets, supply chains and tariff policy. Further details on the scope of the deal, and reactions from officials in Washington and Beijing, remain unclear at this stage.
- 5Trump Administration Set to Unveil Lower Fuel Economy StandardsโผThe Latest: Trump Administration Set to Roll Out Lower Fuel Economy Standards
The Trump administration is preparing to roll out revised fuel economy standards that would be lower than current requirements for vehicles in the United States. The move, reported by U.S. News & World Report, would ease efficiency mandates on automakers, drawing attention from industry groups and environmental advocates ahead of the official announcement.
- 6U.S. Stocks Rise to End Volatile WeekโU.S. Stocks Rise To End Volatile Week https://www.wsj.com/finance/stocks/u-s-stocks-rise-to-end-volatile-week-c8b2dc82?m
U.S. stock markets closed higher on Friday, capping a week of sharp swings between gains and losses. The Wall Street Journal reports the rebound ended days of volatility that kept investors on edge. Traders are weighing the choppy session against broader questions about the economy and interest rates, with the week's whiplash drawing attention from market watchers worldwide.
- 7
The United States is set to reduce its 2031 corporate fuel economy requirement to 34.5 miles per gallon, a significant loosening of standards that had been projected to rise more steeply. The rollback is expected to ease compliance pressure on automakers while drawing criticism from environmental and climate advocates who argue it will increase emissions and fuel consumption in the coming decade.
- 8US House Passes BRACE Act on Battery RecyclingโผBattery Recycling for America's Competitive Economy Act: U.S. House of Representatives Passes BRACE Act (H.R. 9615)
The U.S. House of Representatives has passed the Battery Recycling for America's Competitive Economy Act, known as the BRACE Act (H.R. 9615). The legislation aims to strengthen domestic battery recycling as part of a broader push for supply chain competitiveness and clean energy materials. Analysts note it could shape the battery and critical minerals industry, with attention now turning to the Senate.