The United States trade deficit expanded sharply in May, underscoring how tariffs imposed by President Donald Trump are reshaping the country’s trade flows and fueling economic uncertainty. According to the Commerce Department’s data released on Thursday, the trade gap climbed to $71.5 billion in May from $60.3 billion in April.[Read More…]

The United States and Mexico are taking fresh steps to deepen their partnership in the fight against crime and terror. In a recent phone conversation, United States Secretary of State Marco Rubio and Mexican Foreign Secretary Juan Ramon de la Fuente emphasized that close cooperation remains essential for the safety[Read More…]

A senior Bank of Japan (BOJ) official has signaled that the central bank could resume raising interest rates after taking a short break to assess the impact of new United States tariffs. The remarks suggest that Japan’s policymakers are determined to slowly move away from years of ultra-loose monetary policy[Read More…]

Indonesia is taking a significant step to safeguard its trade relationship with the United States by preparing to sign a landmark US$34 billion pact next week. The move comes as Jakarta races to avoid steep tariffs that could hurt the country’s exports. Speaking to reporters in Jakarta on Thursday (July[Read More…]

United States President Donald Trump has announced a new trade agreement with the Socialist Republic of Vietnam that reduces tariffs on many Vietnamese exports to 20 percent, down from an earlier proposal of 46 percent. The decision comes just days before the United States imposed significantly higher import duties on[Read More…]

WASHINGTON, D.C. – The U.S. economy shrank more than expected in the first quarter of 2025, as fresh government data showed slowing consumer spending, weaker exports, and a surge in imports driven by new tariffs. According to the Commerce Department on Thursday, gross domestic product (GDP) fell at an annual[Read More…]

WASHINGTON – July 2, 2025 The U.S. labor market showed unexpected strength in May, as job openings rose to 7.8 million, according to new data released by the Labor Department on Tuesday. This marks an increase from 7.4 million in April and is the highest level seen since November 2024.[Read More…]

Tokyo, July 2 – Factories across Asia remained under pressure in June as worries over US tariffs kept demand weak, despite some signs of improvement in key economies. New surveys released on Tuesday highlight how trade tensions continue to weigh on the region’s fragile recovery. In China, the Caixin/S&P Global[Read More…]

TOKYO – When President Donald Trump returned to office, he declared that securing new trade agreements would be both straightforward and advantageous for the United States. Yet after weeks of intensive negotiations, Japan has emerged as a clear example of how complex and resistant to quick fixes international trade can[Read More…]

The global economy is expected to slow moderately over the next two years as new trade barriers and shifting policies create fresh challenges, according to a report from Capital Economics. In the United States, President Trump’s renewed tariffs are forecast to weigh on economic activity. U.S. GDP growth is predicted[Read More…]