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US trade deficit sinks to 22-month low as businesses try to time Trump tariffs. GDP to get boost.
Imports have see-sawed during U.S. trade wars The nation's trade deficit in goods sank 11% in June to a 22-month low as U.S. companies grappled with on-again, off-again Trump tariffs, a pattern that's likely to play out at least several more months. The trade gap in goods dropped to $86.0 billion in June from $96.4 billion in May, coming in well below the Wall Street's forecast. Lower deficits add to GDP, the official scorecard for the economy. GDP is forecast to show a 2.4% annual increase in the second quarter, but the estimate could be raised in light of the surprise drop in the June trade gap. Imports declined ... (full story)
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From etftrends.com|Jul 29, 2025Platinum’s Q2 rally has been nothing short of astounding. Prices of the precious/industrial metal have been relatively staid for much of the year before taking flight in the ...
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From bls.gov|Jul 29, 2025|54 commentsThe number of job openings was little changed at 7.4 million in June, the U.S. Bureau of Labor Statistics reported today. Over the month, both hires and total separations were little changed at 5.2 million and 5.1 million, respectively. Within separations, quits (3.1 million) were little changed while layoffs and discharges (1.6 million) were unchanged. This release includes estimates of the number and rate of job openings, hires, and separations for the total nonfarm sector, by industry, and by establishment size class. Job openings include all positions that are open on the last business day of the month. Hires and separations include all changes to the payroll during the entire month. Job Openings The number and rate of job openings were little changed at 7.4 million and 4.4 percent, respectively, in June. The number of job openings decreased in accommodation and food services (-308,000), health care and social assistance (-244,000), and finance and insurance (-142,000). The number of job openings increased in retail trade (+190,000), information (+67,000), and state and local government education (+61,000). (See table 1.) Hires In June, the number and rate of hires were little changed at 5.2 million and 3.3 percent, respectively. The number of hires decreased in arts, e - Prior month revised to 7.712m from 7.769m - Job openings rate was 4.4% in June vs 4.6% prior - 3.142m people quit a job in June vs 3.27m prior - Quits rate at 2% vs 2% - 1.604m workers were fired or laid off in June vs 1.611m prior - Layoffs and discharges rate at 1% vs 1%
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From @DeItaone|Jul 29, 2025|1 commentCHINA'S TOP TRADE NEGOTIATOR LI: TWO SIDES HAD CANDID, IN-DEPTH, CONSTRUCTIVE DISCUSSIONS CHINA'S TOP TRADE NEGOTIATOR LI: TWO SIDES REALISED IMPORTANCE OF MAINTAINING HEALTHY, STABLE RELATIONS *US, CHINA AGREE TO EXTEND TRADE TRUCE: LI
From cbsnews.com|Jul 29, 2025|2 commentsDuring a meeting last week between President Trump and Federal Reserve Chair Jerome Powell, the president sought to underscore what he said is a "very simple" request: "Interest ...
From @DeItaone|Jul 29, 2025|1 commentBESSENT ON CHINA TRADE TALKS: STILL SOME TECHNICAL DETAILS TO WORK OUT US Treasury Secretary Bessent: We understand China's agenda much better. BESSENT: IF TRUMP DOES NOT APPROVE TARIFF PAUSE EXTENSION, TARIFFS ON CHINESE GOODS WOULD 'BOOMERANG' BACK TO APRIL 2 LEVELS, OR ANOTHER LEVEL THAT HE CHOOSES US Treasury Secretary Bessent: Another China meeting probably in another 90 days.
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- Jul 29, 2025 10:10am Posted byFundamental Analysis106,636
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