
New U.S. Tariffs Hit Chinese Packages: What Shippers Need to Know
Feb 04, 2025 04:48 am UTC| Business Economy
The U.S. Customs and Border Protection (CBP) announced that all mailed packages from China will require formal customs entry starting Tuesday under new tariffs. According to a notice posted in the Federal Register on...

Trump Orders Creation of U.S. Sovereign Wealth Fund, Eyes TikTok Purchase
Feb 04, 2025 01:34 am UTC| Technology Politics Economy
U.S. President Donald Trump signed an executive order to establish a sovereign wealth fund within a year, aiming to generate national wealth and potentially acquire TikTok. The order directs the Treasury and Commerce...

Trump Pauses Tariffs on Mexico, Canada; China Tariffs Proceed as Planned
Feb 04, 2025 01:22 am UTC| Economy Politics
U.S. President Donald Trump has suspended steep tariffs on Mexico and Canada for 30 days after securing agreements on border security and crime enforcement. Canadian Prime Minister Justin Trudeau and Mexican President...

Trump and Xi Set for Crucial Trade Talks Amid Tariff Tensions
Feb 04, 2025 01:21 am UTC| Politics Economy
U.S. President Donald Trump is set to speak with Chinese President Xi Jinping this week, marking a significant diplomatic exchange as the two largest economies seek to resolve trade tensions. This will be their first known...

EU Warns of Trade War as Trump Threatens New Tariffs
Feb 04, 2025 01:21 am UTC| Economy Politics
European leaders cautioned that U.S. President Donald Trumps tariff threats against the EU could spark a damaging trade war. EU foreign policy chief Kaja Kallas warned that escalating tensions would only benefit China....

WTI Crude Falls as Trump Pauses Tariffs on Mexico, Canada
Feb 04, 2025 01:18 am UTC| Economy Politics
West Texas Intermediate (WTI) crude prices dropped 1.1% to $72.36 per barrel after U.S. President Donald Trump announced a one-month delay on steep tariffs for Mexico and Canada. The move, aimed at strengthening border...

U.S. Manufacturing Expands Amid Tariff Uncertainty
Feb 04, 2025 01:18 am UTC| Economy
U.S. manufacturing grew for the first time in over two years in January, with the ISM Manufacturing PMI rising to 50.9 from 49.2 in December, signaling expansion. However, concerns remain after President Donald Trump...