Auto exports to U.S. plunge nearly 25% as talks stall over escalating Trump tariffs
Policymakers cited unpredictable U.S. trade policy, inflation in holding rate at 2.75%
Changes reflect higher spending on housing and vehicles
Fintechs warn delays risk stalling innovation, prolonging risky data-sharing
Shipments to China rose 22% in the first half of 2025
Promotions boosted May retail sales, but exports and housing slumped
Half of manufacturers polled said they were affected by tariffs in April
Inflation remains mild, with little impact from tariffs so far
Trade group estimates the measure could cost the country US$55B annually over 10 years in lost GDP
Global economy has missed its chance for a soft landing, bank says