European Union trade chiefs will speak on Thursday with U.S. Commerce Secretary Luthnik and U.S. Trade Representative Greer. The European Union has agreed to speak with Greer and Luthnik every other day.
U.S. and European Union trade representatives are scheduled to meet on Monday. Analysts warn that a temporary respite does not represent a resolution of the fundamental conflict. Click to view...
On May 26th, according to OPEC representatives, OPEC + will adjust the July production decision-making meeting to May 31st (originally scheduled for June 1st). The meeting may decide the production in July, after sources said that the daily production in July may increase by another 411,000 barrels.
Market news: The European Union Commission declined to comment on U.S. trade tariffs until the European Union trade commissioner spoke by phone with the U.S. trade representative.
"Digital assets represent the future and we have a responsibility to make sure the US continues to lead the way," said US Senator Cynthia Lummis, chair of the Senate banking subcommittee on digital assets.
The United States Trade Representative has taken a tough stance, demanding that the European Union unilaterally reduce tariffs on the United States, otherwise it will resume 20% punitive tariffs! Click to view...
UBS Wealth Management says the yen's "red line" could be touched in the next economic cycle, with Japan's wealthiest households still reeling from the market crash of the early 1990s that set the Japanese stock market back decades. Click to view...
GOOLSBY, Federal Reserve: Some parts of April inflation represent the lagging nature of the data, and the Federal Reserve is still on the sidelines. It will take some time for the current inflation trend to be reflected in the data.
U.S. Trade Representative Greg: The United States may need to take enforcement action against imported services.
OPEC + members agreed to increase production by 411,000 barrels per day in June, OPEC representatives said on May 3. The OPEC + meeting scheduled for next Monday has been brought forward to Saturday, but it is not clear why the meeting has been rescheduled. Four sources said before the meeting that the increase in production in June is likely to be similar to the amount agreed in May (411,000 barrels per day). Most of the market also expects the organization to increase production significantly ...
According to PBS: The Office of the United States Trade Representative (USTR), Europe is not participating well in the tariff negotiations.
On April 25, the Office of the United States Trade Representative said on Friday that it is in "ongoing engagement" with Japan and other countries on alternative reciprocal trade arrangements that could eliminate or reduce the 10 percent tariff level currently imposed on most countries. A spokeswoman for the Office of the United States Trade Representative said in an emailed statement that these negotiations are substantive and technical in nature, but that President Donald Trump "will ultimatel...
The Office of the United States Trade Representative said on Friday that it is in constant contact with Japan and other countries for alternative reciprocal trade arrangements that could eliminate or reduce the current 10 percent tariff level imposed on most countries. A spokeswoman for the U.S. Trade Representative's office said in an emailed statement that the talks were substantive and technical, but that President Donald Trump "will ultimately decide whether to enter into alternative arrange...
The Office of the United States Trade Representative (USTR): Trump will ultimately decide whether to move forward with alternative measures to eliminate or reduce the current 10% tariffs on relevant countries.
According to Fox Business Channel, Hassett, director of the National Economic Council, said that the most senior negotiators in Congress will meet with White House officials next week. Hassett said that US Treasury Secretary Bescent and I will present President Trump's priorities at the meeting. Hassett called the meeting a "Big Six" meeting. The "Big Six" negotiators are Bescent, Hassett, House Speaker Johnson and Senate Majority Leader Thune, as well as House Ways and Means Committee Chairpers...