Cost of groceries, gas goes up as US inflation worsens
WASHINGTON — U.S. inflation accelerated last month as the cost of groceries, gas and used cars rose, a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve’s resolve to delay any further interest rate…
EU, Canada vow to stand firm against Trump’s tariffs on metals
The 27-nation European Union and Canada quickly vowed Tuesday to stand firm against U.S. President Donald Trump’s move to impose 25% tariffs on their steel and aluminum exports, verbal sparring that could lead to a full-blown trade war between the…
As tariffs take effect, Beijing and Washington look back to 2020 deal
New Chinese tariffs on a range of U.S. goods went into effect Monday, following U.S. President Donald Trump’s decision to impose a 10% tariff on Chinese products last week. Tariffs of 25% on steel and aluminum are next. Despite the…
Trump signs executive orders on steel, aluminum tariffs
Washington — President Donald Trump moved to substantially raise tariffs on steel and aluminum imports on Monday, canceling exemptions and duty-free quotas for major suppliers Canada, Mexico, Brazil and other countries in a move that could boost the risk of…
Trump to announce 25% steel, aluminum tariffs in latest trade escalation
ABOARD AIR FORCE ONE — U.S. President Donald Trump said Sunday that he will announce on Monday new 25% tariffs on all steel and aluminum imports into the U.S., which would come on top of existing metals duties in another…
Soaring egg prices in US pique interest in backyard chickens
NEW YORK — Thinking about backyard chickens as egg prices soar? Think hard, especially in light of the bird flu outbreak. Keeping home chickens as a pastime has continued to grow since the pandemic. But if eggs are the goal,…
Baltic states switch to European power grid, ending Russia ties
VILNIUS — Estonia, Latvia and Lithuania said on Sunday they had successfully synchronized their electricity systems to the European continental power grid, one day after severing decades-old energy ties to Russia and Belarus. Planned for many years, the complex switch…
US stocks slide amid inflation, tariff worries
NEW YORK — U.S. stocks slumped Friday amid worries about higher inflation and tariffs, while a closely watched report gave a mixed picture of the U.S. job market. The S&P 500 was down almost 1%, and the Dow Jones Industrial…
US Postal Service to accept inbound parcels from China, Hong Kong after suspension
HONG KONG/SEOUL/SHANGHAI — The U.S. Postal Service said on Wednesday it would accept parcels from China and Hong Kong, in a U-turn after a suspension following President Donald Trump ending a trade provision used by retailers including Temu, Shein, and…
Bird flu pushes egg prices up; US retailers, consumers worry
The latest outbreak of bird flu is wiping out chicken flocks and driving higher prices for eggs in the United States. While retailers and consumers are feeling the pinch, but at least one small farmer sees an opportunity – if…