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US service sector growth nearly brakes in March
Services PMI falls to nine-month low in MarchInput prices still elevated; services employment shrinksBy Lucia Mutikani WASHINGTON, April 3 (Reuters) - The U.S. services sector slowed to a nine-month low in March,backing expectations that economic growth likely braked sharply in the first quarter ...Reuters
Thu, Apr 3
Countries need to allow in more US products to bring down tariffs, Lutnick says
By David LawderWASHINGTON, April 3 (Reuters) - The Trump administration is talking to all major trading partners throughout the world about ways to bring down President Donald Trump's new tariffs, Commerce Secretary Howard Lutnick said on Thursday, adding that they will have to change their rule...Reuters
Thu, Apr 3
US big banks slump on Trump's tariff announcement
** Shares of big U.S. banks fall in early trading after President Trump said on Wednesday he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries ** The tariffs appeared to target about 60 countries - base 10% tariffs go into effect on April ...Reuters
Thu, Apr 3
US trade deficit narrows in February
WASHINGTON, April 3 (Reuters) - The U.S. trade deficit narrowed in February, but the level of imports remained elevated after businesses front-loaded goods to avoid higher prices from tariffs, keeping trade on track to be a drag on economic growth in the first quarter.The trade gap contracted 6.1% t...Reuters
Thu, Apr 3
Canada's services PMI tumbles to near 5-year low on tariff concerns
By Fergal Smith TORONTO, April 3 (Reuters) - The downturn in Canada's services economy deepened in March as U.S. tariffs and the start of a general election campaign led to an increase in economic uncertainty that cut client spending, S&P Global's Canada services PMI data showed on Th...Reuters
Thu, Apr 3
Southeast Asian nations, among hardest-hit by Trump tariffs, seek talks
Six Southeast Asian nations hit with tariffs between 32% and 49%Vietnam's exports to US account for almost 30% of GDP Thailand hopeful that talks will bring down its 37% tariffs So far, none have said they plan retaliatory tariffsBy Francesco Guarascio and Orathai Sriring HANOI/BANGKOK, April...Reuters
Thu, Apr 3
QUOTES-Executives, trade and labour associations on Trump's reciprocal tariffs
April 3 (Reuters) - U.S. President Donald Trump said on Wednesday he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of the country's biggest trading partners, a move that could escalate a trade war and upend the global economy.Here are latest rea...Reuters
Thu, Apr 3
Poland wants to spend 5% of GDP on defence in 2026, minister says
WARSAW, April 3 (Reuters) - Poland wants to spend 5% of gross domestic product (GDP) on defence in 2026, Defence Minister Wladyslaw Kosiniak-Kamysz said on Thursday after a European Union defence ministers meeting in Warsaw.Galvanised by Russia's invasion of neighbouring Ukraine three years ago,...Reuters
Thu, Apr 3
Poland wants to spend 5% of GDP on defence in 2026, minister says
WARSAW, April 3 (Reuters) - Poland wants to spend 5% of gross domestic product (GDP) on defence in 2026, Defence Minister Wladyslaw Kosiniak-Kamysz said on Thursday after a European Union defence ministers meeting in Warsaw.Galvanised by Russia's invasion of neighbouring Ukraine three years ago,...Reuters
Thu, Apr 3
Brokerages raise risks for US recession after Trump's latest tariffs
By Siddarth S April 3 (Reuters) - Brokerages HSBC, Deutsche Bank and BofA warned on Thursday that the U.S. economy faces a higher risk of slipping into a recession this year if President Donald Trump's sweeping new levies remain in place.Trump on Wednesday imposed a 10% baseline tariff on all...Reuters
Thu, Apr 3
Morgan Stanley expects no rate cuts from the Fed this year
April 3 (Reuters) - Morgan Stanley said on Thursday it expects the U.S Federal Reserve will not cut rates this year due to potential elevated inflation levels on the back of Trump's latest tariffs.Trump on Wednesday imposed a 10% baseline tariff on all imports to the U.S. and higher duties on do...Reuters
Thu, Apr 3
US tariffs on Israel may hit medical equipment, diamonds, Israeli official says
Israeli officials to formulate responseExact impact of US tariffs still unclearFinance ministry official sees diamonds, machinery being hitHigh-tech sector unlikely to be affected, official saysBy Steven Scheer JERUSALEM, April 3 (Reuters) - Donald Trump's latest tariff announcement could imp...Reuters
Thu, Apr 3
US: Initial Jobless Claims dropped to 219K last week
US citizens filing new applications for unemployment insurance ticked lower to 219K for the week ending March 29, as reported by the US Department of Labor (DOL) on Thursday. This print missed initial estimates and was lower than the previous week's revised tally of 225K (revised from 224K).Fxstreet
Thu, Apr 3
US weekly jobless claims fall as labor market stays stable for now
WASHINGTON, April 3 (Reuters) - The number of Americans filing new applications for unemployment benefits fell last week, pointing to continued labor market stability ahead of potential volatility from import tariffs.Initial claims for state unemployment benefits dropped 6,000 to a seasonally adjust...Reuters
Thu, Apr 3
