US Services Trade Surplus: The Overlooked Economic Powerhouse
The US recorded a $278.4B services trade surplus in 2023, underscoring a critical economic strength often overshadowed by merchandise deficit debates.
USEconomy
Read More
China Vows to Counter US Tariff Threats with Firm Resolve
China reaffirms commitment to safeguard economic interests against new US tariff threats, highlighting reduced trade dependence and domestic market strength.
China Condemns U.S. Threat of 50% Tariffs Amid Trade Tensions
China’s Commerce Ministry criticizes proposed U.S. tariffs, urging dialogue to resolve trade disagreements. Tariffs called ‘mistake on a mistake.’
US Economic Outlook Dims as ‘Liberation Day’ Tariffs Loom
Global agencies downgrade US economic forecasts as Trump’s reciprocal tariffs approach, raising concerns over trade policies’ impact on global markets.
U.S. Consumer Confidence Hits 12-Year Low Amid Economic Jitters
U.S. consumer confidence drops for fourth consecutive month, hitting a 12-year low amid recession concerns. Investors monitor implications for global markets.
Fed Chair Powell Warns of Rising US Recession Risks Amid Policy Shifts
US Federal Reserve Chair Jerome Powell signals rising recession risks amid policy shifts, with implications for Asia’s trade and investment landscape.
US Tariffs Spur Inflation, Consumer Confidence Plummets
Rising US tariffs contribute to inflation surge and falling consumer confidence, signaling economic strains as experts monitor global implications.
US Consumer Sentiment Hits 10-Month Low Amid Tariff Uncertainties
US consumer sentiment falls for third month due to tariff uncertainty and inflation fears, UMich survey shows.
Trump’s Trade Policies Raise Costs for U.S. Households
Trump’s expanded tariffs on Chinese mainland, Canadian, and Mexican goods could cost U.S. households $1,200 annually, analysts warn, amid global trade tensions.
US Inflation Persists as PCE Price Index Hits 2.5% in January
The US PCE Price Index rose 2.5% in January, signaling persistent inflationary pressures as consumer expectations for future inflation reach the highest level since 1995.
Trump’s Tariff Plans: Promises of Jobs Amid Economic Uncertainty
U.S. President Donald Trump signs a memo to investigate new tariffs aimed at restoring “fair” trade, sparking debates on potential job creation versus economic challenges.