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The agreement comes after other American allies, like Japan, clinched their own deals, partly to moderate President Trump’s tariff threats.

Treasury Secretary Scott Bessent’s comments about the safety net program ventured onto the so-called third rail of American politics.

The company estimated that duties on imported cars and car parts would cost it $2 billion this year.

Two top Fed officials voted against the central bank’s decision to leave rates unchanged, the first dual dissent in more than 30 years.

In a 168-page report, the White House called on banking regulators, tax officials and U.S. lawmakers to implement policies that would advance the crypto industry’s agenda.

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Whether tariffs drive up prices could have significant implications for the Federal Reserve.