Fed chair Jay Powell has said the Fed expects tariffs to only temporarily lift inflation, though the one-time increase in price level could be spread over several quarters.

BEIJING, Dec 5 (Reuters) - Top Chinese and U.S. officials held a call on Friday to discuss trade, including ongoing efforts to implement an agreement to de-escalate their countries’ trade war. Chinese Vice Premier He Lifeng had an "in-depth and constructive" video call with U.

As President Donald Trump announced a $12 billion farm aid package this week to help U.S. farmers hurt by tariffs, he placed responsibility for the U.S. agricultural trade deficit on former President Joe Biden.

WASHINGTON — Treasury Secretary Scott Bessent has predicted the US will end the year “with 3% real GDP growth” — as President Trump prepares a national tour to tout his economic successes before the 2026 midterms.