The Trump administration announced today that it’s planning to pull the United States out of a relatively obscure 144-year-old treaty. The Universal Postal Union sets rates that national postal services charge for shipping small parcels to other countries. The move could affect how much you have to pay when you buy stuff online, especially if the […]
The Trump administration announced today that it’s planning to pull the United States out of a relatively obscure 144-year-old treaty. The Universal Postal Union sets rates that national postal services charge for shipping small parcels to other countries. The move could affect how much you have to pay when you buy stuff online, especially if the […]
China owns more U.S. debt than any other country. Selling its current supply of U.S. treasury bonds to mess with the American economy would be an aggressive move that China would not undertake unless provoked further, according to one expert.
One U.S. dollar today is worth about 9.92 Chinese yuan. That’s down nearly 10 percent from where it was last spring. That drop has the attention of Treasury Secretary Steven Mnuchin, who said Wednesday he wants to make sure China is not doing “competitive devaluations.” That’s when a country seeks an advantage by making its […]
The International Monetary Fund said Tuesday it’s shaving off some of its earlier optimism about world economic growth over the next couple years. It has downgraded its growth forecast for this year from 3.9 percent to 3.7 percent, and for next year, the IMF has ticked the world’s growth down from 2.7 percent to 2.5 […]
"We are confident we'll be able to weather it, but it definitely has us making some tough decisions," said Deepa Gandhi, co-founder and COO of Dagne Dover, a handbag and accessories company.
