US economy

The United States and China have reached a trade deal to lower tariffs on roughly $30 billion worth of "non-sensitive goods", following a meeting between President Trump and President Xi this week. The agreement is expected to reduce prices on a range of consumer products, including small appliances, toys and holiday items, and is drawing wide attention as a step toward easing trade tensions between the two economies.

With US midterm elections approaching, Donald Trump's claims of economic success are not resonating with voters, according to Guardian reporting. Polling and voter sentiment suggest that public perception of the economy diverges sharply from the administration's rosy messaging, with costs of living and affordability remaining top concerns heading into the vote.

China said the extension of the trade truce with the United States creates space to keep pushing negotiations forward between the two countries. The statement, reported widely by international outlets, signals that both sides remain engaged in efforts to stabilise their trade relationship and settle disputes through dialogue rather than escalation.

The United States has finalized new, lower fuel economy standards, easing requirements on automakers in a move that supports continued production and sale of gas-powered vehicles. The rollback of stricter efficiency targets is drawing attention for its implications for the auto industry, fuel costs, and US climate policy.

The United States and China have each released lists of products worth roughly $30 billion that will see tariff cuts, following a meeting between Donald Trump and Xi Jinping. The reciprocal move is being read as a step toward easing trade tensions between the world's two largest economies, though details on timelines and implementation remain limited.

The US Federal Reserve has decided to keep interest rates unchanged even as inflation reaches its highest level in three years. The decision means borrowing costs will stay where they are for now, with policymakers weighing stubborn price pressures against signs of strain in the economy. Markets and economists are watching closely for signals on when, or whether, the central bank might move rates again.

The United States and China have announced tariff reductions covering roughly $60 billion in bilateral trade, with thousands of products identified as eligible for lower duties. Trade experts, however, expect only a limited economic impact despite the scale of the announcement, and observers are watching whether the move signals a broader easing of tensions between the two economies.

The US Federal Reserve has raised interest rates for the first time in several years, a shift in monetary policy that affects borrowing costs across the economy. Coverage is focused on what the move means for everyday finances, including credit card bills, mortgage rates, savings returns and loan payments.

Ten-year Treasury yields have climbed to 5.10%, their highest level since July 2007, while 30-year yields reached 5%, levels not seen in roughly two decades. The surge follows a stronger-than-expected US jobs report, which is fueling speculation that the Federal Reserve may raise interest rates again. Investors are weighing what persistent yields at multi-decade highs mean for borrowing costs, equities and the broader economy.

The Trump administration is moving to roll back federal fuel economy standards for cars, a move described as breaking with five decades of policy aimed at improving vehicle efficiency and cutting fuel consumption. The change is expected to ease requirements on automakers, drawing criticism from environmental groups and potentially reshaping US emissions and energy policy.

A Reuters commentary examines where US Federal Reserve monetary tightening will hit hardest across Asia. As the Fed continues raising interest rates, attention is turning to which regional economies face the greatest strain from capital outflows, weaker currencies and higher borrowing costs. Analysts are weighing vulnerabilities such as current account deficits, external debt levels and dependence on dollar funding across Asian markets.

The US Federal Reserve has raised interest rates for the first time since 2023, according to ABC News. A rate hike would mark a reversal from the easing cycle of recent years and would affect borrowing costs for mortgages, credit cards and businesses across the American economy. Markets and households will be watching for signals on whether further increases are planned.

Donald Trump says his administration is 'very seriously' considering banning diesel exports as global diesel supplies tighten and prices climb. A ban would keep more US fuel at home for domestic consumers and industries, but could worsen shortages in Europe and other regions that rely heavily on American diesel. Markets and allies are watching closely for a decision.

The Trump administration has announced a sharp rollback of federal fuel economy standards for new cars and light trucks, easing requirements that automakers improve efficiency. The move reduces pressure on manufacturers to sell electric and hybrid vehicles and is expected to lower compliance costs while drawing criticism from environmental groups who warn it will increase emissions and fuel consumption.

The United States and China have agreed to reduce tariffs on a range of basic consumer and industrial goods, in a further sign of easing trade tensions between the two economies. However, rare earth materials remain outside the deal, leaving Beijing's export controls on the critical minerals untouched. Analysts see the move as cautious de-escalation, with the most strategically sensitive sector kept off the negotiating table.

The Trump administration has moved to roll back US fuel economy standards, easing emissions and efficiency requirements for carmakers. The central question being debated is whether the change will actually make new cars cheaper for consumers, or whether savings at the dealership will be offset by higher fuel costs over a vehicle's lifetime. Supporters argue the rules raised vehicle prices; critics say the rollback undermines climate goals and leaves drivers paying more for gas.

The Trump administration has lowered federal fuel economy standards for cars and light trucks, easing efficiency requirements that automakers previously had to meet. The rollback, widely reported across US news outlets, is expected to reduce vehicle costs for consumers but has drawn criticism from environmental groups who say it will increase fuel consumption and greenhouse gas emissions. The change reverses stricter standards put in place under the previous administration.

Senator John Thune said the war with Iran has overtaken all other issues in the minds of American voters, saying it has 'trumped everything else.' His comments come as the conflict dominates political debate in Washington, crowding out discussion of the economy, domestic policy and other campaign priorities ahead of upcoming elections.

The Trump administration is rolling back fuel economy standards for automakers, easing requirements that vehicles meet rising efficiency targets. The move, explained in coverage by ABC News, is expected to lower compliance costs for car manufacturers while drawing criticism from environmental groups who argue it will increase emissions and fuel consumption for American drivers.

The United States and China have reached an agreement to reduce tariffs on $30 billion worth of goods, following a summit in Washington between President Donald Trump and Chinese leader Xi Jinping. The deal marks a step toward easing trade tensions between the world's two largest economies, though details of which products will be affected have not yet been fully outlined.

The Trump administration has finalized its reversal of US fuel economy standards, undoing stricter emissions and efficiency requirements for vehicles put in place under earlier rules. The move is expected to allow automakers to sell less fuel-efficient cars in the United States, drawing criticism from environmental groups and likely sparking legal challenges from states concerned about pollution and climate goals.

The Trump administration has unveiled rules weakening America's fuel economy standards, presenting the change as a way to save drivers money. The move also marks a retreat from federal efforts to push motorists from gasoline cars toward electric vehicles, reversing key climate and transport policies and drawing attention from environmental groups and the auto industry.