Trump Asks Supreme Court to Rule on Tariffs
President Trump asks the Supreme Court to rule on his authority to impose heavy tariffs after a divided appeals court said he overstepped his power.
Economy
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Chinese Mainland Manufacturing PMI Edges Up to 49.4 in August
The Chinese mainland’s manufacturing PMI edged up to 49.4 in August, buoyed by a fourth month of production growth at 50.8 and a rise in new orders to 49.5.
Tariff Turmoil: US on the Losing Side, Says Polish Economist
Polish economist Bartlomiej E. Nowak warns the US may lose the tariff war as countries shift trade patterns to dodge higher duties and reshape global trade.
China’s Trade Frictions Ease in June: Key Insights 📊
China’s June trade friction index eased 14.7% year-on-year with tensions cooling, led by the US, India and Brazil. July saw a 10.8% surge in trade certificates.
Mexico Hits Record Trade Surplus with US as Exports Surge
Mexico’s trade gap with the US reached a record high as exports outpaced imports despite Washington’s new tariffs.
Global Central Bankers Sound Alarm on Labor Shortages
At Jackson Hole, central bankers warn that aging populations and labor shortages could slow growth and push up wages.
Powell Hints at Possible Fed Rate Cut Amid Economic Crosswinds
Fed Chair Jerome Powell signals a possible shift toward rate cuts as high inflation and job market pressures collide, hinting at a Fed pivot ahead.
Mexico’s Remittances Plunge: Families on Alert
New data shows remittances from Mexicans working abroad have plunged, threatening household incomes and potentially slowing Mexico’s economy.
Chinese Mainland’s SCO Trade Rockets 30-Fold Ahead of Tianjin Summit
As the SCO Summit nears in Tianjin, the Chinese mainland’s trade with member states has soared 30-fold since 2001, hitting 3.65 trillion yuan ($512.5B) in 2024.
Tariff Trouble: How US Import Costs Are Hitting Your Wallet
U.S. import prices have jumped after steel and aluminum tariffs doubled to 50%, forcing businesses and consumers alike to foot the bill.