Tag: U.S.

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Pending Home Sales Fall, Marking the 16th Straight Month of Annual Declines

The numbers: Pending home sales fell a seasonally adjusted 1.5% in April and were 2% lower than a year ago, the National Association of Realtors said Thursday. The consensus Econoday forecast was for a 0.5% increase. What happened: NAR’s index, which tracks home-contract signings, has been volatile, but the trend is solidly downward. April marked the 16th-straight month…

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Trump defends tariff strategy, China says ‘not afraid’ of trade war

WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump on Tuesday defended the use of tariffs as part of his trade strategy while China vowed a tough response if the United States insists on escalating trade tensions amid ongoing negotiations. The United States kicked off a tariff battle with China in 2018, seeking sweeping structural changes from…