News
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Brazil sees no need to announce tariff measures for now, minister says
BRASILIA, April 8 (Reuters) - Brazil's Finance Minister Fernando Haddad said on Tuesday now is not the time for Latin America's largest economy to announce any measures in response to trade tariffs imposed by the U.S."The moment is not one for announcing measures," he said at an even...Reuters
Tue, Apr 8
Trump says US taking in $2 billion a day from tariffs
WASHINGTON, April 8 (Reuters) - U.S. President Donald Trump said on Tuesday the United States is taking in $2 billion per day from tariffs.He made the comment without providing details during an event at the White House. Trump has imposed an array of tariffs on other countries since taking office in...Reuters
Tue, Apr 8
Fitch Says US Tariffs Have Mixed Fiscal Impact, Will Not Solve Underlying Challenges
April 8 (Reuters) - Fitch:FITCH: STABILIZING US DEBT/GDP TO BE CHALLENGING AS LONG AS LONG-TERM SPENDING PRESSURES REMAIN UNADDRESSEDFITCH: SHARPER ECONOMIC SLOWDOWN IN US WOULD SIGNIFICANTLY WEIGH ON NON-TARIFF REVS, INCREASE SPENDING VIA AUTOMATIC STABILIZERSFITCH: BELIEVE TARIFFS SIGNIFICANTLY RA...Reuters
Tue, Apr 8
Trump trade rep sees no change on tariff tactics, says some business pain is necessary
Trump won't grant near-term tariff exemptions, Greer saysUSTR working quickly on trade barrier talks, no set timelineSenators from both parties vent frustrations over Trump tariffsSome supply chain adjustment pain necessary, Greer saysBy Bo Erickson and David Lawder WASHINGTON, April 8 (Reute...Reuters
Tue, Apr 8
Fed's Daly sees time to tread slowly, carefully on policy
April 8 (Reuters) - San Francisco Federal Reserve Bank President Mary Daly on Tuesday became the latest U.S. central banker to say there's no rush to cut interest rates, what with the economy and the labor market still solid and a lot still unclear about the size and scope of U.S. President Dona...Reuters
Tue, Apr 8
Fed's Goolsbee: Tariffs are way bigger than anticipated
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee warned on Tuesday that US tariffs, which were far larger than most market watchers anticipated, poses a real risk to US importers who have very few fallback options.Fxstreet
Tue, Apr 8
Fed's Daly: there's time to tread slowly, carefully on policy
April 8 (Reuters) - San Francisco Federal Reserve Bank President Mary Daly on Tuesday said with the economy strong and a lot still unclear on the effect of new policies of the Trump administration, the central bank should not rush to adjust interest rates."With growth good and policy in a good p...Reuters
Tue, Apr 8
POLL-Mexico's annual inflation likely sped up in March
MEXICO CITY, April 8 (Reuters) - Mexico's annual inflation likely accelerated in March while staying within the central bank's target range, a Reuters poll found on Tuesday, fueling expectations that the central bank will again cut its benchmark interest rate by half a percentage point.The m...Reuters
Tue, Apr 8
US Easter spending to rise as holiday cheer defies economic gloom, NRF says
April 8 (Reuters) - U.S. consumer spending for Easter is expected to rise about 5% this year as Americans snap up candy and gifts to celebrate despite concerns around high inflation and economic uncertainty, a National Retail Federation report showed on Tuesday. Shoppers are expected to spend around...Reuters
Tue, Apr 8
Mexico GDP forecast slashed, Banxico seen cutting rates aggressively in 2025 – Citi
On April 7, Citi revealed its latest Mexico Expectations Survey, in which private economists projected that the economy would grow 0.3% in 2025, less than the 0.6% expected in the last survey. For 2026, GDP is expected to decrease from 1.7% to 1.5%.
Fxstreet
Tue, Apr 8
Italy's Meloni to meet Trump on April 17 for tariff talks
Meloni supports EU's "zero-for-zero" tariff deal offerItaly's export-driven industry faces pressure from tariffsItaly plans to use EU funds to offset tariff impactBy Giuseppe Fonte ROME, April 8 (Reuters) - Italy's Prime Minister Giorgia Meloni will meet U.S. President Donald ...Reuters
Tue, Apr 8
Italy to cut GDP growth estimate to 0.6% this year, 0.8% in 2026, say sources
Italy sees GDP growth below 1% through 2028Eyes EU funds to help firms cope with U.S. tariff policyPM Meloni rules out extra-borrowing at presentBy Giuseppe Fonte ROME, April 8 (Reuters) - Italy's government is preparing to cut its economic growth estimates for both this year and next, two so...Reuters
Tue, Apr 8
REFILE-EXCLUSIVE-TSMC could face $1 billion or more fine from US probe, sources say
TSMC made chips for China's Sophgo that matched Huawei'sTSMC may have violated export control regulations in filling orders-sourcesCompanies can be fined up to twice the value of transactions for prohibited conductIt is unclear how and when the matter may be resolved By Karen Freifeld Apr...Reuters
Tue, Apr 8
Fed's Goolsbee: 'way bigger' than expected tariffs pose inflation risks
April 8 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee said on Tuesday that U.S. President Donald Trump's announced tariffs are "way bigger" than had been modeled, and it's unclear how quickly or fully those higher costs will be passed on to consumers and to what ...Reuters
Tue, Apr 8
TREASURIES-US yields extend rise on tariff optimism
Yields rise on tariff optimismSome investors thought to be selling bonds to deleverageUS Treasury to sell $58 bln bln three-year notes on Tuesday By Karen Brettell April 8 (Reuters) - U.S. Treasury yields jumped on Tuesday for the second day on greater optimism that U.S. President Donald Trump wi...Reuters
Tue, Apr 8
FACTBOX-Some brokerages see more Fed rate cuts, recession risks after latest US tariffs
April 8 (Reuters) - Major brokerages including Goldman Sachs and J.P.Morgan see more rate cuts by the U.S. Federal Reserve following President Donald Trump's latest tariffs. Last week, Trump imposed a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries, ...Reuters
Tue, Apr 8
