Russia and Ukraine’s top diplomats have used a high-level conference in Turkey to once again trade accusations of violating a tentative U.S.-brokered deal to pause strikes on energy infrastructure. The two foreign ministers spoke at separate events at the annual Antalya Diplomacy Forum on Saturday, a day after U.S. envoy Steve witkoff met with with…… MORE
China Hits Back At US And Will Raise Tariffs On American Goods From 84% To 125%
BEIJING (AP) — China has announced that it will raise tariffs on U.S. goods from 84% to 125%. It was the latest salvo in an escalating trade war between the world’s two largest economies that has rattled markets and raised fears of a global slowdown. While U.S. President Donald Trump paused import taxes this week…… MORE
Freak sell-off of ‘safe haven’ US bonds raises fear that confidence in America is fading
NEW YORK (AP) — The upheaval in stocks has been grabbing all the headlines, but there is a bigger problem looming in another corner of the financial markets that rarely gets headlines: Investors are dumping U.S. government bonds. Normally, investors rush into them at a whiff of economic chaos but now not even the lure…… MORE
Potential Impact of Trump’s Trade War On Jobs And Inflation Sends US Consumer Sentiment Plunging
WASHINGTON (AP) — Consumer sentiment fell sharply in April for the fourth straight month as the trade war has fueled worries about the health of the job market and inflation. The University of Michigan’s closely watched consumer sentiment index, released Friday, fell 11% to 50.8, the lowest since the depths of the pandemic. The decline…… MORE
Trump Administration Says It will Exclude Some Electronics From ‘Reciprocal’ Tariffs
(WBAP/KLIF) WASHINGTON (AP) — The Trump administration says it will exclude electronics like smartphones and laptops from “reciprocal” tariffs, a move that could help keep the prices down for popular consumer electronics that aren’t usually made in the U.S. It would also benefit big tech companies like Apple and Samsung and chip makers like Nvidia. U.S.…… MORE