Politics

U.S. ends key tariff loophole

The era of cheap imports may be over now that President Trump has ended the Minimis Tax Exemption as of Friday, August 29.

Powell signals Fed may cut rates soon even as inflation risks remain

Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs and other policies on the economy.

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