MikeTrendsTrends right now

search

the US economy

Trends

  1. 1
    US and China agree tariff cuts on $30 billion of goods●BREAKING: The US and China have reached a trade deal to lower tariffs on $30 billion worth of "non-sensitive goods" afte𝕏xCNBusinessEconomy12.2K1 d ago

    The United States and China have reached a trade deal to lower tariffs on roughly $30 billion worth of "non-sensitive goods", following a meeting between President Trump and President Xi this week. The agreement is expected to reduce prices on a range of consumer products, including small appliances, toys and holiday items, and is drawing wide attention as a step toward easing trade tensions between the two economies.

  2. 2
    Trump rolls back fuel economy standards, drivers may feel impactβ–ΌWhat Trump's rollback of fuel economy standards means for driversβœ‰newsBusinessEconomy5 h ago

    The Trump administration is moving to roll back federal fuel economy standards, a policy change with direct consequences for American drivers. Weaker standards could mean cheaper vehicles upfront but higher gasoline consumption and costs at the pump over time, while also affecting automakers' production plans and US emissions goals. Coverage, including from PBS, is focused on explaining what the change means practically for consumers and the wider auto industry.

  3. 3
    China and US agree tariff cuts on $60 billion of goodsβ–ΌChina, US agree to tariff cuts on $60 billion of goods including agriculture, household itemsβœ‰newsScienceSpace Policy1 d ago

    China and the United States have agreed to reduce tariffs on roughly $60 billion worth of goods, covering agricultural products and household items, according to Reuters. The cuts mark a further step in easing trade tensions between the world's two largest economies, with farmers and consumer goods sectors among those expected to benefit from lower barriers.

  4. 4
    Trump's economic boasts failing to sway voters before midtermsβ–ΌAs the US midterms approach, Trump’s boasts on the economy fall flat with votersβœ‰newsBusinessEconomy8 h ago

    With US midterm elections approaching, Donald Trump's claims of economic success are reportedly not resonating with voters. The Guardian reports that his boasts about the economy are falling flat, suggesting that public perception of economic conditions may not match the administration's messaging ahead of a crucial electoral test.

  5. 5
    Bond Markets Near a Recession Warning Signalβ–ΌBonds Are on the Cusp of Sending a Distress Signal on Economyβœ‰newsBusinessEconomy8 h ago

    Bloomberg reports that US bond markets are close to flashing a classic distress signal on the economy, with yields on short and long-term Treasuries approaching an inversion of the yield curve. Such inversions have historically preceded recessions, and analysts are watching closely for confirmation as investors weigh recession risks against central bank rate policy.

  6. 6

    The Trump administration has sharply scaled back federal fuel economy requirements for new cars, easing standards that pushed automakers toward more efficient vehicles. The rollback is expected to lower compliance costs for carmakers while raising long-term fuel consumption and emissions, drawing criticism from environmental groups and praise from parts of the auto industry.

  7. 7
    China and US agree tariff cuts on $60 billion of goodsβ–ΌChina, US agree tariff cuts on $60 billion of goods including agriculture, household itemsβœ‰newsScienceSpace Policy1 d ago

    China and the United States have agreed to cut tariffs on $60 billion worth of goods, covering agricultural products and household items. The move marks a further step in easing trade tensions between the world's two largest economies, with farmers and consumers expected to benefit from lower costs on affected goods.

  8. 8
    US finalizes lower fuel economy standards favoring gas vehicles●US finalizes new lower fuel economy standards in boost for gas-powered vehicles https:// reut.rs/4ynbim7𝕏xUSLifeAutos81 d ago

    The US has finalized new fuel economy standards that are lower than previous requirements, a move that eases pressure on automakers and benefits gas-powered vehicles. The rollback of efficiency targets is expected to draw criticism from environmental groups while being welcomed by car manufacturers facing less stringent compliance costs.

  9. 9
    Trump Administration Sharply Scales Back Fuel Economy Rulesβ–ΌTrump Sharply Scales Back Fuel Economy Rulesβœ‰newsBusinessEconomy8 h ago

    The Trump administration has moved to sharply scale back US fuel economy standards, easing requirements that automakers improve the efficiency of cars and light trucks. The rollback, reported by The New York Times, is likely to be welcomed by carmakers seeking lower compliance costs but criticised by environmental groups who say it will increase emissions and fuel consumption.

  10. 10
    China says US trade truce extension opens room for talksβ–ΌChina says US trade truce extension creates space to advance talksβœ‰newsScienceSpace Policy1 d ago

    China said the extension of the trade truce with the United States creates space to keep pushing negotiations forward between the two countries. The statement, reported widely by international outlets, signals that both sides remain engaged in efforts to stabilise their trade relationship and settle disputes through dialogue rather than escalation.

  11. 11
    US finalizes lower fuel economy standards favoring gas cars●US finalizes new lower fuel economy standards in boost for gas-powered vehicles https:// reut.rs/4xTn5rg𝕏xUSLifeAutos71 d ago

    The United States has finalized new, lower fuel economy standards, easing requirements on automakers in a move that supports continued production and sale of gas-powered vehicles. The rollback of stricter efficiency targets is drawing attention for its implications for the auto industry, fuel costs, and US climate policy.

  12. 12
    US and China unveil $30 billion tariff cut lists after Trump-Xi meeting●US and China release reciprocal $30 billion product lists for tariff cuts after Trump-Xi meetingβœ‰newsWorld1 d ago

    The United States and China have each released lists of products worth roughly $30 billion that will see tariff cuts, following a meeting between Donald Trump and Xi Jinping. The reciprocal move is being read as a step toward easing trade tensions between the world's two largest economies, though details on timelines and implementation remain limited.

  13. 13
    U.S. and China agree to slash tariffs on $60 billion of goods●U.S., China agree to slash tariffs on $60B of goods https://www. upi.com/Top_News/US/2026/09/28 /china-tariffs/722179060MmastodonWorldPolitics21 d ago

    The United States and China have agreed to reduce tariffs on $60 billion worth of goods, following Chinese President Xi Jinping's state visit to Washington. The agreement marks a step toward easing trade tensions between the world's two largest economies, though details on implementation and which specific products are covered have not yet been fully outlined.

  14. 14
    US retreat from clean car standards sparks debate●America's Clean Car Retreat Is Complete. The World Will Move On Without Us U.S. regulators are trying to slow down the tMmastodonLifeAutos629 min ago

    US regulators are moving to weaken fuel economy standards and slow the transition to electric vehicles, a shift described as a complete retreat from clean car policy. Commenters argue that while America pulls back, Europe and China will press ahead with EV adoption, leaving the US behind as the global market moves on without American leadership.

  15. 15
    Fed holds rates steady as inflation hits three-year highβ–ΌFed holds interest rates steady as inflation hits 3-year highβœ‰newsBusinessBanking2 d ago

    The US Federal Reserve has decided to keep interest rates unchanged even as inflation reaches its highest level in three years. The decision means borrowing costs will stay where they are for now, with policymakers weighing stubborn price pressures against signs of strain in the economy. Markets and economists are watching closely for signals on when, or whether, the central bank might move rates again.

  16. 16
    Trump Rolls Back Fuel Economy Standards, Promising Cheaper Carsβ–ΌTrump Rolls Back Fuel Economy Standards. Will Cars Really Get Cheaper?βœ‰newsBusinessEconomy3 h ago

    The Trump administration has moved to roll back US fuel economy standards, arguing the change will make cars more affordable for American buyers. The question of whether vehicles will actually get cheaper is now at the center of debate, with industry groups, consumer advocates and analysts weighing the savings against higher fuel costs and the impact on electric vehicle development.

  17. 17
    US and China Announce Tariff Cuts on $60 Billion of Tradeβ–Όβš‘ NEWS US and China Announce Tariff Cuts on $60bn Worth of Trade The United States and China have identified thousands oMmastodonWorldDiplomacy31 d ago

    The United States and China have announced tariff reductions covering roughly $60 billion in bilateral trade, with thousands of products identified as eligible for lower duties. Trade experts, however, expect only a limited economic impact despite the scale of the announcement, and observers are watching whether the move signals a broader easing of tensions between the two economies.

  18. 18
    Europe relieved by US-China trade truce after Xi's US tripβ–ΌWhy Xi’s US trip leaves Europe relieved by trade truce – but wary of the futureβœ‰newsBusinessEconomy1 d ago

    Xi Jinping's trip to the United States has produced a trade truce between Washington and Beijing, leaving Europe relieved that tensions have cooled for now. European economies depend heavily on trade with both powers, so a fresh escalation would have hit exports, investment and supply chains. Still, many in Europe remain wary, seeing the truce as temporary and worrying that future US-China bargains could be struck without consulting Brussels, leaving the continent exposed.

  19. 19
    U.S. and China Agree to Trim Tariffs, Launch AI Dialogue●U.S., China Agree to Trim Tariffs, Start AI Dialogueβœ‰newsTechnologyAI1 d ago

    The United States and China have agreed to reduce tariffs on each other's goods and to open a new dialogue on artificial intelligence. The deal, reported by the Wall Street Journal, marks a rare moment of cooperation between the two largest economies, pairing trade relief with a framework for discussing AI risks and standards.

  20. 20
    Fed raises rates for first time in yearsβ–ΌFed raises rates for first time in years: What it means for your walletβœ‰newsBusinessPersonal Finance1 d ago

    The US Federal Reserve has raised interest rates for the first time in several years, a shift in monetary policy that affects borrowing costs across the economy. Coverage is focused on what the move means for everyday finances, including credit card bills, mortgage rates, savings returns and loan payments.

  21. 21
    Trump Slashes Fuel-Economy Standards in Blow to Climate and EV Marketβ–ΌTrump Slashes Fuel-Economy Standards in Blow to Climate, Health, EV Marketβœ‰newsLifeAutos8 h ago

    The Trump administration has moved to sharply roll back US fuel-economy standards, weakening requirements that automakers improve gas mileage. Environmental groups say the change will increase emissions, worsen air quality and slow the shift to electric vehicles, while industry faces uncertainty over future efficiency rules. The decision is drawing criticism from climate and health advocates who see it as a major reversal of US climate policy.

  22. 22
    US and China strike trade deal worth $30 billion each●U.S. and China strike trade deal for tariff cuts worth nearly $30 billion eachβœ‰newsBusinessLabor1 d ago

    The United States and China have reached a trade agreement that will cut tariffs worth nearly $30 billion for each side. The deal, reported by Fast Company, marks a significant step in easing tensions between the world's two largest economies. Further details on the terms and timeline have not yet been widely reported.

  23. 23
    US and China Cut Tariffs on $60 Billion in Goods●US and China Cut Tariffs on $60 Billion in Goods After Trump-Xi Summit𝕏xSEWorldDiplomacy2111 d ago

    The United States and China have agreed to reduce tariffs on roughly $60 billion worth of each other's goods following a summit between Donald Trump and Xi Jinping. The deal marks a step toward easing the prolonged trade war between the two largest economies, with markets and businesses watching closely for further concessions and a possible broader agreement.

  24. 24
    Treasury Yields Hit Fresh Highs as Oil Climbs●Treasury Yields Climb to Fresh Highs While Oil Rises https://www.wsj.com/finance/investing/treasury-yields-climb-to-fresMmastodonBusinessMarkets413 h ago

    US Treasury yields climbed to new highs while oil prices rose, according to Wall Street Journal markets coverage. The simultaneous rise in borrowing costs and energy prices points to renewed pressure on markets, with investors watching inflation risks and the impact of higher yields on stocks, mortgages and the broader economy.

  25. 25

    The Trump administration has moved to end stricter fuel-economy requirements for vehicles, rolling back tougher efficiency standards. The decision is expected to ease compliance costs for automakers while drawing criticism from environmental groups and states that back tighter emissions rules. Observers are weighing the impact on car prices, gasoline consumption and US climate commitments.

  26. 26

    Commentary is examining how the large increase in immigration during Joe Biden's presidency has shaped the US economy. Analysts are debating whether the influx boosted labour supply, growth and employment, or strained public services and wages, with the assessment likely to influence ongoing immigration policy arguments.

  27. 27
    Trump rolls back car fuel economy standardsβ–ΌTrump rolls back fuel economy standards for cars, breaking with 50 years of policyβœ‰newsBusinessEconomy20 h ago

    The Trump administration is moving to roll back federal fuel economy standards for cars, a move described as breaking with five decades of policy aimed at improving vehicle efficiency and cutting fuel consumption. The change is expected to ease requirements on automakers, drawing criticism from environmental groups and potentially reshaping US emissions and energy policy.

  28. 28
    Indian shares slide to near six-month low on oil spikeβ–ΌIndian shares slide to near six-month low as US-Iran deadlock lifts oil pricesβœ‰newsBusinessMarkets20 h ago

    Indian stock markets fell to their lowest levels in nearly six months as a deadlock between the United States and Iran pushed oil prices higher. Rising crude is a particular concern for India, a major oil importer, with investors worried about the impact of costlier energy on inflation, corporate profits and the wider economy.

  29. 29
    Iran's rial hits another record low●Iran’s rial hits another record low under economic and military pressureβœ‰newsWorldDefense1 d ago

    Iran's currency, the rial, has fallen to another record low against the US dollar, according to Iran International. The collapse comes as the country faces combined pressure from international economic sanctions and military tensions in the region. The sliding rial drives up import costs and deepens hardship for ordinary Iranians, and analysts point to shrinking confidence in the economy as the currency continues to lose value.

  30. 30
    Treasury yields hit 5.10%, highest since 2007, on strong jobs dataβ—πŸŸ  UPDATE Potential Fed Rate Hike Driven by Strong Jobs Report 10-year Treasury yields have reached 5.10%, the highest leMmastodonBusinessMarkets31 d ago

    Ten-year Treasury yields have climbed to 5.10%, their highest level since July 2007, while 30-year yields reached 5%, levels not seen in roughly two decades. The surge follows a stronger-than-expected US jobs report, which is fueling speculation that the Federal Reserve may raise interest rates again. Investors are weighing what persistent yields at multi-decade highs mean for borrowing costs, equities and the broader economy.

  31. 31
    Fed tightening: which Asian economies are most exposed?β–ΌCOMMENTARY: Where will Fed tightening hit hardest in Asia?βœ‰newsBusinessBanking1 d ago

    A Reuters commentary examines where US Federal Reserve monetary tightening will hit hardest across Asia. As the Fed continues raising interest rates, attention is turning to which regional economies face the greatest strain from capital outflows, weaker currencies and higher borrowing costs. Analysts are weighing vulnerabilities such as current account deficits, external debt levels and dependence on dollar funding across Asian markets.

  32. 32
    US and China Agree Tariff Cuts on $60bn of Goodsβ–ΌπŸ”΄ BREAKING US and China Announce Tariff Cuts on $60bn of Goods Following the Trump-Xi summit, Washington and Beijing havMmastodonWorldDiplomacy31 d ago

    Following the Trump-Xi summit, Washington and Beijing have announced an agreement to reduce tariffs on $60 billion worth of traded goods. The move is being described as a significant step toward easing the trade war between the world's two largest economies, with details of the tariff reductions now being laid out by both governments.

  33. 33

    The US Department of Transportation has moved to weaken federal fuel economy standards, easing requirements on automakers to improve mileage for new vehicles. Supporters frame the rollback as cutting compliance costs that were passed on to car buyers, while critics say it will increase fuel consumption and emissions and slow the transition to more efficient vehicles. The change is expected to face legal challenges from environmental groups and some states.

  34. 34
    Consumers unconvinced by Trump's economic messageβ–ΌTrump's big regret: Consumers aren't buying his economic pitch.βœ‰newsBusinessEconomy8 h ago

    Politico reports that consumers are not buying President Trump's economic pitch, describing it as a source of regret for him. The article suggests that despite the administration's messaging on the economy, Americans remain skeptical about its claims. The piece fuels ongoing debate over whether economic sentiment will hurt Trump politically.

  35. 35
    US and China cut tariffs on basic goods amid rare earth uncertainty●US, China slash tariffs on basic goods but rare earth talks left off the recordβœ‰newsBusinessEconomy1 d ago

    The United States and China have agreed to slash tariffs on a range of basic goods, a step that eases trade tensions between the world's two largest economies. However, discussions over rare earth exports were reportedly kept off the record, leaving a key sticking point unresolved. Rare earths remain critical to supply chains for electronics and defense, and their exclusion from the public agreement has drawn attention as a sign that the hardest issues in the trade relationship remain unsettled.

  36. 36
    Trump Administration Slashes Fuel-Economy Standardsβ–ΌTrump Administration Slashes Fuel-Economy Standards and Changes How Light Trucks Are Classifiedβœ‰newsBusinessEconomy10 h ago

    The Trump administration has announced a sharp rollback of US fuel-economy standards, while also changing how light trucks are classified under federal rules. The move lowers efficiency requirements for new vehicles and redefines vehicle categories in a way that affects pickups and SUVs. It is expected to draw opposition from environmental groups and states, while automakers may welcome reduced compliance costs.

  37. 37

    The Trump administration has moved to roll back US fuel economy standards, loosening requirements on how efficient cars and light trucks must be. The change, reported by Spectrum News, is expected to benefit automakers by easing compliance costs, while critics warn it will increase gasoline consumption and greenhouse gas emissions. The rollback reverses stricter efficiency rules put in place under previous administrations.

  38. 38

    The Trump administration has moved to roll back fuel economy standards introduced under President Biden. The rules, which required automakers to improve vehicle efficiency, were a centerpiece of the previous administration's climate agenda. The reversal is expected to draw criticism from environmental groups and could affect US automakers' long-term production plans, while supporters argue it will lower vehicle costs.

  39. 39
    Federal Reserve raises interest rates for the first time since 2023β–ΌFederal Reserve raises interest rates for the 1st time since 2023βœ‰newsBusinessBanking2 d ago

    The US Federal Reserve has raised interest rates for the first time since 2023, according to ABC News. A rate hike would mark a reversal from the easing cycle of recent years and would affect borrowing costs for mortgages, credit cards and businesses across the American economy. Markets and households will be watching for signals on whether further increases are planned.

  40. 40
    US Department of Transportation finalizes weaker fuel efficiency standards●The US Department of Transportation finalized its plans today to weaken fuel efficiency standards, calling it "among theMmastodonEnvironmentEnergy514 h ago

    The US Department of Transportation has finalized plans to weaken federal fuel efficiency standards, describing the move as one of the largest deregulatory actions of the second Trump Administration. The decision rolls back Biden-era rules that would have required carmakers to raise fleet-wide average fuel economy, easing pressure on automakers while drawing criticism from climate and consumer advocates.