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Imports of consumer goods increased 3.1% while those of capital goods gained 1.7%. But imports of motor vehicles decreased 5.5%. There were also declines in imports of food and other goods.
The Canadian dollar, the Mexican peso and the Chinese yuan all strengthened by 1-1.5%, while the euro rose 1.5%, set for its largest one-day rally against the dollar in well over a year. European ...
U.S. President Donald Trump said on Tuesday he is in no hurry to speak to Chinese President Xi Jinping to try to defuse a new trade war between the world's two largest economies sparked by his ...
Trump’s strong dollar policies Trump has promised to clamp down on immigration, impose tariffs , and institute another round of sizable tax cuts after extending the Tax Cuts and Jobs Act of 2017.
Trump’s tariffs from his first term increased consumer prices in the furniture and kitchen cabinet sector by 7.1 percent, the corner of the economy that saw the biggest surge in prices ...
The mighty US dollar flexed some muscle last week in a positive sign for Americans’ purchasing power. The US dollar index, which measures the currency’s strength against six of its peers ...
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The dollar also strengthened more than 2% against the Mexican peso. Mexico's peso would suffer a near-12% fall if the United States hits the country with 25% trade tariffs, JPMorgan estimated in a ...