April 17, 2025
The statement comes as the White House threatens up to 245% tariffs on Chinese imports due to its retaliatory actions
Powell says that economy is slowing in Q1, and can wait for greater clarity
Annual retail inflation in March eased to 3.34%, below economists' estimate of 3.60%. The print was the lowest since August 2019
Solid consumption and industrial output saw the growth rate at 5.4% year-on-year, but Trump’s tariff shock is likely to hit the crucial export engine
Beijing strikes back with steep tariffs as a deepening US-China trade war rattles global markets and fuels fears of inflation and recession
Consumer confidence plunges as inflation fears soar and trade tensions escalate to levels not seen since the 1980s
China produces some 90 percent of the world's rare earths and the export restrictions demonstrate how Beijing can weaponise that control
In a video call on Tuesday, China's Commerce Minister Wang Wentao discussed with European trade and economic security commissioner Maros Sefcovic the restart of talks on trade relief
