China’s Economy Grows Despite Tariffs
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JPMorgan Chase CEO Jamie Dimon noted that the U.S. economy remains resilient but warned of potential risks from tariffs, trade uncertainty, geopolitical conditions and fiscal deficits.
Chinese state firm employee Zhang Jinming makes up for a 24% cut to his salary by delivering food for three hours every night after work and on weekends - and hopes he can avoid awkward encounters with colleagues.
A new report on consumer prices found that inflation accelerated in June. The data, which found that prices had increased 2.7 percent over the last year, offered the first signs that President Trump’s tariffs were beginning to weigh on Americans’ wallets.
In the face of chaos, the global economy powers on. Since 2011 growth has continued at around 3% a year. During the worst of the euro crisis in 2012? Around 3%. What about 2016, the year Britain voted for Brexit and America for Donald Trump,
Federal Reserve Bank of Boston President Susan Collins said she continues to believe the US central bank can be patient in considering interest rate cuts, suggesting healthy business and household balance sheets may limit the impact of tariffs on the economy.
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PARIS (AP) — France’s prime minister proposed on Tuesday the elimination of two public holidays from the country’s annual calendar — possibly Easter Monday and the day marking the Allied victory over the Nazis — to save money in next year’s budget.
China’s economy slowed less than expected in the second quarter in a show of resilience against U.S. tariffs, though analysts warn that weak demand at home and rising global trade risks will ramp up pressure on Beijing to roll out more stimulus.