ALL THE MONEY NEWS YOU NEED TO KNOW | | | | Daniel de Visé | Personal Finance Reporter
| | |
Good morning! It's Daniel de Visé with your Daily Money. Big thanks to our colleague Betty Lin-Fisher for steering the ship while we were away. |
The United States and China on Monday announced a deal to slash reciprocal tariffs for now, as the world's two biggest economies seek to end a trade war that has disrupted the global outlook and set financial markets on edge. |
Speaking after talks with Chinese officials in Geneva, U.S. Treasury Secretary Scott Bessent told reporters the two sides had agreed on a 90-day pause. Click here for the details. |
Trump wants to boost US drug manufacturing |
Amid the ongoing trade war, which could strain imports of lifesaving pharmaceuticals, President Donald Trump wants to ease regulations and bolster domestic drug manufacturing. |
The president signed an order on May 5 that directs the Food and Drug Administration to speed approvals and eliminate duplicate or unnecessary regulations that slow companies seeking to build pharmaceutical factories in the United States. |
Are tariffs slowing inflation? |
Another potentially encouraging inflation report this week could be at least partly traced to a surprising source: President Trump's tariffs. |
The import fees are expected to start driving prices sharply higher in the next month or two, as businesses pass most of their added costs to consumers. |
📰 More stories you shouldn't miss 📰 |
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | Treasury Secretary Scott Bessent told reporters the two sides had agreed on a 90 day pause on measures and that tariffs would come down by over 100 percentage points to 10%. | | Trump's order seeks to ease regulations to compel more U.S. drug manufacturing. He also plans to assess tariffs on drug imports. | | | | An inflation slowdown in this week's CPI report may be partly caused by an unlikely factor: tariffs. They're pushing down prices by dampening demand | | | | Months after Dollar Tree announced the sale of Family Dollar, the bargain store is now available on Uber Eats. | | | | Online chatter has lots of folks looking at their caches of coins hoping to find Lincoln wheat pennies that they unrealistically hope are priceless. | | | | The fired Democrat commissioners say the future of the independent agency and Americans' safety is at risk. | | | | A popular TikTok trend is highlighting who does – and does not do – the planning in friend groups and relationships. | | | | The broader benchmark S&P 500 index fell about 8% during Trump's first 100 days, marking the index's worst performance since 1974 under Gerald Ford. | | | | Some shoppers love the convenience of self checkouts while others hate them. What's their future? | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | |
0 comments:
Post a Comment