China announces first tariff exemptions on US goods

China’s Finance Ministry on Sept. 11 announced the first round of exemptions of U.S. goods from Chinese retaliatory tariffs. The exemptions will be effective from Sept. 17 to Sept. 16, 2020. Specifically, the exclusions will cover two lists — one comprising 12 items and another comprising four items.

Job growth falls short of expectations as August payrolls rise just 130,000

Job growth continued at a tepid pace in August, with nonfarm payrolls increasing by just 130,000 thanks in large part to the temporary hiring of Census workers, the Labor Department reported Friday. The increase fell short of Wall Street estimates for 150,000, while the unemployment rate stayed at 3.7%, as expected.

US weekly jobless claims fall more than expected

The number of Americans filing applications for unemployment benefits fell sharply last week, suggesting the labor market was holding firm despite a manufacturing slowdown and concerns the economy is on a path toward recession.

US consumer sentiment for August comes in well below estimates

U.S. consumer sentiment fell to 92.1 in August, the lowest indicator readout since the start of 2019, according to data released Friday. The dip points to further uncertainty in the U.S. economy, as consumers navigate wild market swings and a constantly shifting trade environment.

US tariffs on laptops and phones pushed out until December

The Trump administration has laid out plans to split the introduction of tariffs on $300 billion worth of Chinese imports that were previously flagged by the Unites States President earlier this month. The tariffs were set to be introduced on September 1, however, the United States Trade Representative (USTR) divided the introduction into two parts […]