In a significant move, the US and UK are poised to announce a deal to lower tariffs on select goods, amid ongoing trade tensions sparked by Trump's previous levies. The agreement aims to ease economic strain and foster closer ties.
President Trump is set to announce new tariffs on automobiles and pharmaceuticals soon, adding to his ongoing trade war strategy that includes steel and aluminum duties. This move signals a broader effort to reshape U.S. trade policies as April 2 approaches.
In a surprising turn, retail sales rose 0.2% in February despite inflation worries, showcasing consumer resilience. Key sectors like online retail and personal care saw growth, but bars and gas stations faced declines.
