New rules result in near absence of ‘sustainable’ passive funds
Average fees for active funds are seven times higher than trackers
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Why is Trump ending the ‘de minimis’ tariff loophole on low-value imports?
Goods worth less than $800 will be subject to 120% levy meaning prices on Chinese exports will probably increase
At one minute past midnight on Friday, eastern time, a US tariff exemption that has fuelled the rise of companies such as Shein and Temu, and stocked the wardrobes of millions of Americans with cheap fast fashion and other household goods, closed. As part of Donald Trump’s flurry of tariffs on China, the US is closing a loophole that allowed low-value goods to be shipped into the US without paying any import fees. The “de minimis” loophole, known by the Latin phrase for “of little importance”, was “a big scam going on against our country”, the US president said on Wednesday. “We put an end to it.”
Global markets rally as Beijing considers US trade talks
China says it is ‘evaluating’ recent overtures from Washington about starting tariff discussions
US jobs grow by more than expected despite tariff turmoil
Employers added 177,000 roles in April as the jobs market continues to prove resilient.
US jobs market better than expected even as hiring slowed in April
The workforce saw an additional 177,000 even as the White House has pressed ahead with sweeping tariffs on imports
Hiring in the US slowed in April, according to official figures, with the workforce adding 177,000 jobs as Donald Trump’s aggressive trade strategy clouded the economic outlook.
As the White House pressed ahead with sweeping tariffs on overseas imports, claiming this would revitalize the US economy, employers across the country continued to add jobs at a steady pace.
U.S. payroll growth totals 177,000 in April, topping expectations
Nonfarm payrolls were expected to increase by 133,000 in April, according to the Dow Jones consensus estimate.