Bloomberg If the latest monthly manufacturing data suggests anything, it’s that president Donald Trump’s tariffs haven’t yet solved a key issue haunting US steelmakers: China’s subsidising of its own industry. Manufacturing jobs in December unexpectedly fell by 12,000 with a key part of the drop coming in businesses that make raw and fabricated metals. The metal-making industries accounted for a ...

Bloomberg One of president Donald Trump’s top economic advisers played down the prospects of the administration concluding further phases of a trade deal with China, saying any future negotiations would depend on how an initial accord — due to be signed next week — is implemented. “Phase two’s going to depend a lot on how phase one goes,” Larry Kudlow ...

Bloomberg The US labour market ended the year with less momentum, as payroll gains cooled by more than forecast and wages rose at the weakest annual pace since 2018, even as unemployment held at a half-century low of 3.5%. Nonfarm payrolls rose 145,000 in December, the least since May, after a downwardly revised 256,000 advance the prior month, according to ...