WASHINGTON: U.S. Treasury Scott Bessent on Tuesday said there was nothing in U.S. economic data which showed that the American economy was currently in a recession, despite a contraction in the first ...

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China launches measures to boost economy while planning US trade talks

At the moment, US tariffs against China are up to 145%, whereas China has imposed levies of up to 125% on imports from the US. View on euronews ...

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May 2025 US Fed Meeting: No rate cuts expected amid unfavourable conditions

Analysts and investors overwhelmingly think the Fed will choose to sit tight, preferring to wait and see how the new levies affect the US economy before moving on rates ...

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US debt on ‘unsustainable’ path, admits Scott Bessent

US Treasury secretary Scott Bessent has warned that America’s government debt is on an “unsustainable” path. Donald Trump’s finance chief admitted that his department’s borrowing limit is on a ...

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US economy contracts for first time since 2022 as Trump tariffs unsettle markets

US GDP shrank 0.3% in Q1 2025, driven by a surge in imports ahead of Trump’s tariffs. Analysts warn of recession risks as growth forecasts are downgraded and inflation rises.

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