Inflation was slightly lower than expected in April as President Donald Trump's tariffs just began hitting the slowing U.S. economy, according to a Labor Department report Tuesday.The consumer price index, which measures the costs for a broad range of goods and services, rose a seasonally adjusted 0.2% for the month,...
Category: Economy
Tariff receipts topped $16 billion in April, a record that helped cut the budget deficit
Shipping containers are seen at the port of Oakland, as trade tensions continued over U.S. tariffs with China, in Oakland, California, on May 12, 2025.Carlos Barria | ReutersReceipts from U.S. tariffs hit a record level in April as revenue from President Donald Trump's trade war started kicking in.Customs duties totaled...
Germany’s new economy boss has a plan — and it starts with risk, speed and big bets
09 May 2025, Bavaria, Gmund Am Tegernsee: Katherina Reiche (CDU), Federal Minister for Economic Affairs and Energy, takes part in the Ludwig Erhard Summit. Representatives from business, politics, science and the media are taking part in the three-day summit. Photo: Sven Hoppe/dpa (Photo by Sven Hoppe/picture alliance via Getty Images)Picture...
Why the Bank of England governor thinks uncertainty is here to stay despite a trade deal
Bank of England Governor Andrew Bailey attends the central bank's Monetary Policy Report press conference at the Bank of England, in the City of London, on May 8, 2025. Carlos Jasso | Afp | Getty ImagesBank of England Governor Andrew Bailey told CNBC on Thursday that the U.K. was heading...
China risks a spiral into deeper deflation as it diverts U.S.-bound exports to domestic market
SHENZHEN, CHINA - APRIL 12: A woman checks her smartphone while walking past a busy intersection in front of a Sam's Club membership store and a McDonald's restaurant on April 12, 2025 in Shenzhen, China. Cheng Xin | Getty Images NewsAs sky-high tariffs kill U.S. orders for Chinese goods, the...