Federal Reserve Chair Jerome Powell on June 25 said the U.S. central bank is still struggling to determine the impact of tariffs on consumer prices.
June 25, 2025Donald Trump Transportation News Updates
Powell: Tariff Impact on Prices Still Unclear
Trump Threatens Double Tariffs on Spain Over NATO Budget
鈥淵ou鈥檙e the only country that is not paying. I don鈥檛 know what the problem is,鈥 Trump said when asked about Spain balking at paying 5% of their GDP on defense.
June 25, 2025Court Orders Administration to Release EV Charger Funds
A federal judge June 24 ordered the Trump administration to release billions of dollars in funding for the buildout of electric vehicle chargers in more than a dozen states.
June 25, 2025EU Plans Boeing Tariffs in Response to US Trade Moves
The European Union plans to impose retaliatory tariffs on U.S. imports, including on Boeing Co. aircraft, if President Donald Trump puts a baseline levy on the bloc鈥檚 goods as many expect.
June 24, 2025Fed to Wait to Reduce Interest Rates as Trump Demands Cuts
The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said June 24.
June 24, 2025Pressure to Seal Trump Trade Deals by July 9 Ramps Up
Two weeks from President Donald Trump鈥檚 deadline to reach trade deals, some of the talks aimed at clinching agreements to avoid higher tariffs are struggling to get over the finish line.
June 24, 2025Canada and EU Sign Security Pact as Carney Shifts From US
Canadian Prime Minister Mark Carney is advancing his pledge to pivot Canada away from its security reliance on the U.S., where it currently spends the vast majority of its defense dollars.
June 23, 2025Shale Firms Shrug Off Trump Push to Drill as Price Rally Ebbs
In the shale oil fields of Texas, North Dakota and New Mexico, executives are unlikely to change their capital budgets based on abrupt price moves from U.S. military strikes on Iran.
June 23, 2025Trump Warns Oil Producers on Prices Following Iran Attack
President Donald Trump demanded that energy producers push down crude prices following U.S. military strikes on Iran.
June 23, 2025Supreme Court Refuses to Speed Up Challenge to Trump鈥檚 Tariffs
The Supreme Court refused to put a challenge to President Donald Trump鈥檚 sweeping tariffs on an ultrafast track.
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