U.S. deficits to rise

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Source: Dukascopy Bank SA
U.S. deficits will be $1T higher over the next decade, hitting $22.7T by 2035 due to tax, spending laws, and tariffs, a budget watchdog said Wednesday.
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Wed, 20 Aug 2025 12:30:05 GMT

U.S. to tariff steel and aluminum products

The U.S. will raise tariffs on 400+ steel and aluminum-based products, including turbines, cranes, and furniture, with a 50% tariff on metal content, officials said.

Wed, 20 Aug 2025 06:30:06 GMT

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U.S. single-family home starts rose 2.8% in July to 939K units; permits edged up 0.5% to 870K, ending a 4-month slide, despite high rates and economic uncertainty.

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