Latest in China Tariff Increase
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Scott Bessent believes federal minimum wage should not be increased
Scott Bessent, President-elect Trump's pick to serve as treasury secretary, told Sen. Bernie Sanders, I-Vt., that the minimum wage is "more of a statewide" issue and that he believes there should ...NBC News - Jan. 16 -
Increased December Consumer Spending Bodes Well for 2025 Growth
New data shows retail and restaurant spending rose again last month, suggesting consumers unhappy about higher post-pandemic prices are still buying, especially when they can get a good deal.Inc. - Jan. 16 -
Bessent says US should increase sanctions on Russian oil companies
Trump Treasury pick tells Senate panel he wants to ratchet up pressure on Putin regimeFinancial Times - Jan. 16 -
Bessent open to increasing sanctions on Russia
Treasury Secretary-nominee Scott Bessent told senators Thursday that he would be “100 percent on board” with increasing sanctions on Russia’s major oil companies if President-elect Trump supports ...The Hill - Jan. 16 -
Cancer cases are increasing in women while declining in men, report finds
Cancer cases are shifting from men to women in the U.S., and from older to younger adults, according to a new report from the American Cancer Society.NBC News - Jan. 16 -
How wildfires increase financial risk for utility companies
As extreme blazes happen more frequently, the sector faces costly litigation and damages to infrastructureFinancial Times - Jan. 16 -
China Has a $1 Trillion Head Start in Any Tariff Fight
As Donald Trump prepares for his second term, China’s dominance of global manufacturing is greater than ever.The Wall Street Journal - Jan. 16 -
Climate ‘whiplash’ events increasing exponentially around world
Global heating means atmosphere can drive both extreme droughts and floods with rapid switches. Climate “whiplash” between extremely wet and dry conditions, which spurred catastrophic fires in Los ...The Guardian - Jan. 15 -
Trump's China tariff threats are helping fuel a manufacturing boom — in Mexico
The migration of manufacturing to Mexico could undermine Trump’s promise to voters that ratcheting up tariffs on China would incentivize companies to bring production back to the U.S and give ...NBC News - Jan. 15 -
Is the recent uptick in inflation cresting? Wholesale prices posts smaller-than expected increase.
Wholesale prices in the U.S. rose modestly in December in a reprieve from a string of elevated inflation in the final months of 2024 that have likely put off any further reductions soon in interest ...MarketWatch - Jan. 14 -
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China's imports post surprise growth in December; exports beat expectations as higher tariffs loom
Economists are expecting exports to make a notable boost to China's economic growth last year when the figures are released later this week.CNBC - Jan. 13 -
China's exports in December grew 10.7%, beating estimates amid uncertainty over trade tariffs
China’s exports in December grew at a faster pace than expected, as factories rushed to fulfill orders amid uncertainty over trade tariffs that could be imposed by U.S. President-elect Donald TrumpABC News - Jan. 12 -
China's Export Boom Means Trump Tariffs Would Hit Beijing Where It Hurts
The country’s economy is increasingly reliant on foreign demand for goods pouring out of Chinese factories.The Wall Street Journal - Jan. 12 -
UK manufacturers increase pressure on government over industrial strategy
Despite gloomy outlook on business costs, executives report ‘heightened optimism’ about investmentFinancial Times - Jan. 13 -
UK pledges huge increase in computing capacity to build AI industry
Labour to expand sovereign computing power in response to report by British venture capitalistFinancial Times - Jan. 12 -
Los Angeles Fire Department budget sustained cuts but saw overall increase
Los Angeles Fire Department budget sustained cuts but saw an overall increase.ABC News - Jan. 11 -
California fires weather forecast: Strong winds expected to increase fire danger
There has been a reprieve from the strongest winds in southern California, but winds are expected to pick up later into tonight, raising the fire danger.ABC News - Jan. 11 -
Reward for capture of Venezuela's Maduro increased to $25 million
The increase to $25 million reflects "the gravity of his crimes and the continued threat he poses," a senior official said.CBS News - Jan. 10 -
Insurance stocks sell off sharply as potential losses tied to LA wildfires increase
Allstate, Chubb and Travelers are the most exposed carriers to insured losses in the wildfires, according to JPMorgan.CNBC - Jan. 10 -
Destiny 2 Gets New Legendary Weapons And Increased Caps In Revenant Act 3
Earlier this week, the ongoing saga of Destiny 2 reached a new turning point with the release of Revenant Act 3. But the conclusion of that chapter means that players are getting new weapons and ...GameSpot - Jan. 9 -
Average US long-term mortgage rate inches up to 6.93% for fourth straight increase
The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since JulyABC News - Jan. 9 -
Park City Strike Ends With Increase in Wages for Ski Patrollers
The nearly two-week strike hobbled the largest U.S. ski resort during a busy holiday period and sparked online fury about deepening economic inequality in rural mountain areas.The New York Times - Jan. 9 -
U.S. companies will need to increase their hedges against a stronger dollar in 2025, says Bank of America
A surging buck can crimp multinational’s profitsMarketWatch - Jan. 9 -
Tesco and M&S warn of rising costs but pledge to minimise price increases
Shares in retailers fall despite positive Christmas tradingFinancial Times - Jan. 9 -
Infinite Reality raises $3B to increase its immersive tech portfolio
Infinite Reality has raised $3 billion from a private investor, which it plans to put towards expanding its network and product offerings.VentureBeat - Jan. 8 -
China’s currency hits 16-month low on Trump tariff fears
Renminbi under pressure from stronger dollar and concerns about incoming US president’s trade plansFinancial Times - Jan. 8 -
Speaker Johnson: ‘Intention’ is to increase debt limit in massive Trump agenda bill
Speaker Mike Johnson (R-La.) said that congressional Republicans plan to increase the nation’s borrowing limit as a part of a massive party-line bill that they are crafting that will encapsulate ...The Hill - Jan. 7 -
‘Inflation levels seem to be increasing’: Businesses are worried about tariffs and rising prices.
The holiday shopping season gave a boost to service-oriented companies in December, but top executives were wary of potential Trump tariffs and a recent uptick in inflation.MarketWatch - Jan. 7
