Consumer spending is up big in early April as people buy in anticipation of tariffs
Spending in April through the first 15 days climbed about 3.8% from the same period a year ago, JPMorgan found.
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China Emphasizes 'Equality,' 'Respect' in U.S. Trade Talks
As President Donald Trump expressed optimism about a new trade deal, China said on Wednesday that "equality" and "respect" are vital to the negotiation process between the two countries.
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Fed: US Economic Activity Steady in Recent Weeks
U.S. prices are up and economic activity and employment have changed little since March across most of the nation, the Federal Reserve said Wednesday in a report that captures some of the early fallout from U.S. President Donald Trump's rollout of sweeping tariffs.
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Trump: Will Have Fair Trade Deal With China
President Donald Trump repeated his Tuesday Oval Office comment on seeking a free and fair trade deal with China, as roiled markets are hoping for a settling of a tariffs and trade war that has caused markets to sink to Biden administration levels.
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IMF forecasts U.S. fiscal deficit will dip in 2025 thanks to higher tariff revenue
The 191-nation fund credited higher tariff revenue for a somewhat smaller deficit projection.
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Bessent: US, China Tariffs Need to Fall for Talks to Start
U.S. Treasury Secretary Scott Bessent said Wednesday he believes that excessively high tariffs between the U.S. and China will have to come down before trade negotiations can proceed.
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