Reuters US Economy

Trump says lower interest rates would go hand-in-hand with tariffs

12 Feb 2025

(Reuters) – President Donald Trump on Wednesday said that interest rates should be lowered and that would go “hand in hand” with his upcoming tariffs, despite economists’ expectations that tariffs would fuel inflation and postpone rate cuts. Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25% “without exceptions or …

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Italy’s economic woes deepen as industry output plunges in December

12 Feb 2025

By Antonella Cinelli ROME (Reuters) – Italian industrial output was much weaker than expected in December, falling 3.1% from the month before and pointing to deepening problems for the country’s stagnant economy, data showed on Wednesday. December marked by far the biggest monthly fall in output since January 2022, national statistics bureau ISTAT said. The …

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Critical minerals is a meaningless term, needs new definition and strategy: Russell

12 Feb 2025

By Clyde Russell LAUNCESTON, Australia (Reuters) -The term critical minerals has become so widespread that it has effectively lost its meaning, as it could be applied to virtually every metal being mined. What is needed is a new definition that differentiates between what is genuinely vital to a country, and what is just something of …

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Is China ending its stint as major global grain importer? -Braun

12 Feb 2025

By Karen Braun CHICAGO (Reuters) -China giveth, China taketh away.  Agricultural exporters around the world know this feeling all too well, as they can either flourish or flounder under China’s sometimes unpredictable demand habits. Relative to use, Chinese corn and wheat stocks in 2024-25 are both set to reach the lowest levels in about a …

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South Africa business confidence stabilises after surging late last year

12 Feb 2025

JOHANNESBURG (Reuters) – South African business confidence stabilised in January, data showed on Wednesday, after surging in the second half of 2024 because of optimism about the country’s economic prospects under the ruling coalition government. The South African Chamber of Commerce and Industry’s Business Confidence Index was at 120.0 in January, down slightly from 121.0 …

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Vietnam to raise 2025 GDP growth target to at least 8% despite U.S. tariff risks

12 Feb 2025

HANOI (Reuters) -Vietnam will officially revise up its gross domestic product growth target for 2025 to at least 8.0% from 6.5%-7.0%, driven by stronger industrial manufacturing, Minister of Planning and Investment Nguyen Chi Dung said on Wednesday. The new target comes as Vietnam, an export-reliant economy, is confronting the risks from intensifying global trade disputes, …

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Column-Would Trump break capital controls taboo?: Mike Dolan

12 Feb 2025

By Mike Dolan LONDON (Reuters) – Investment barriers have long been taboo among U.S. policymakers, for fear that a mere mention could spook the world’s biggest financial market. But the idea of taxing or frustrating inward investment is now being openly discussed by investors as Donald Trump’s sweeping economic agenda rewrites all the rules. The …

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Australia won’t curb ‘green’ aluminium exports to US to avoid tariff, says minister

12 Feb 2025

By Kirsty Needham SYDNEY (Reuters) – Australia’s industry minister said on Wednesday the nation’s plan to boost “green” aluminium exports would not be derailed by the threat of U.S. tariffs, saying American customers would only end up paying more for a product in global demand. After U.S. President Donald Trump said he would consider an …

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Foreigners speed up sales of Vietnamese shares despite prospect of market upgrade

12 Feb 2025

By Francesco Guarascio HANOI (Reuters) – Foreign investors accelerated sales of Vietnamese stocks in recent weeks as trade risks grew for the export-reliant country, data shows, despite the prospect of a valuation-boosting market upgrade later this year. The Southeast Asian export hub posted a record trade surplus with the United States last year and also …

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Bank Indonesia says liquidity measure will support government housing goal

12 Feb 2025

JAKARTA (Reuters) – Indonesia’s central bank said it will increase to 80 trillion rupiah ($4.9 billion) the amount of liquidity freed up by reducing reserve requirements for banks that lend to the property sector, to support the government’s housing goal. Bank Indonesia (BI) has been using similar liquidity measures to spur credit growth since 2023, …

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