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Since returning to the White House, US President Donald Trump has touted corporate and foreign US investment announcements as proof he is ushering in “the golden age of America”. On January 21, Trump said that before he’d finished the “first full business day” of his second term, the United States had “already secured nearly $3 trillion of new investments”. On April 2, he said, “It looks like we’re going to have about $6 trillion of investments”. Six days later, Trump told National Republican Congressional Committee Dinner attendees that the investment...

Sign up to receive CFR President Mike Froman’s analysis on the most important foreign policy story of the week, delivered to your inbox every Friday afternoon. Subscribe to The World This Week. More From Our Experts Greetings from Tokyo. More on: Japan United States U.S. Economy Trade My deep interest in Japan dates back to my days working as a young summer associate at a Japanese law firm in Tokyo in 1989. (My now-wife, Nancy, worked at the rival law firm.) In those days, Japan was in the midst of an incredible economic boom...

On the sidelines of the spring meetings of the International Monetary Fund and World Bank this week, Treasury Secretary Scott Bessent tried to convey an important message about the United States dollar.Speaking to a crowd of global policymakers, regulators and investors, Mr. Bessent sought to allay fears that had ballooned in recent weeks about the dollar’s global standing and the country’s role as the safest haven during times of stress. He reiterated that the administration would continue to have a “strong-dollar policy” and affirmed that it would remain the currency...

A turf war is erupting in the residential real estate industry, with the biggest names — including Compass, Redfin, Zillow and Homes.com — falling into two increasingly stratified camps when it comes to so-called “pocket listings.”Such listings are houses for sale that are shown privately to select groups before going to the general public.Brokerages and real estate portals on one side believe the private listings are beneficial because they offer sellers privacy and control, as well as a chance to test the waters on aspects of a home sale like...

The official also claimed the ECB has recently been hyping the stablecoin menace to bolster political support for its controversial digital euro project, an effort to build a pan-European payment system that, it says, would shield Europe's financial infrastructure from crypto-assets. Stablecoins denominated in dollars, which are backed primarily by U.S. treasuries, account for 99 percent of the $240 billion market, according to Frankfurt. The central bank fears that allowing dollar-backed stablecoin issuers to offer their product in both the U.S. and the EU could also favor “existing non-EU stablecoin...

India’s forex reserves rose by $1.5 billion to $677.8 billion for the week ended April 11. This marked the sixth consecutive weekly increase, reflecting that India’s economy remains robust despite turbulent timesread moreOn Friday, the Reserve Bank of India (RBI) said that the country’s forex reserves increased by $1.5 billion to $677.8 billion for the week ended April 11.This is the sixth consecutive week the Indian forex has seen a jump. The overall reserves jumped by $10.8 billion to $676.2 billion in the previous reporting week ended April 4.It is...

The left-wing Podemos MP, Cristina Gómez, has proposed expropriating flats from large US property owners in the Balearics in response to the imposition of tariffs by Donald Trump’s government. She made the announcement on Monday prior to the plenary session of the regional parliament, where she also put forward some measures that, in her opinion, would make it possible to lower the current price of housing on the islands. “If the United States has decided to defend its security and autonomy by turning inwards in the commercial sphere, it may...

Sizing up what President Trump’s new tariffs mean for India was a puzzle from the start for even the country’s top trade economists. Its politicians, too, were stunned.Starting next week, nearly all Indian goods arriving in the United States will be taxed an extra 27 percent.The figure was bafflingly high, in part because the government’s ministers had been flocking to Washington since Mr. Trump won re-election. From the Rose Garden, Mr. Trump addressed India’s prime minister, Narendra Modi, in absentia while delivering the disappointing news, calling him “a great friend...

President Donald Trump doubled down on his global tariffs Thursday, likening the U.S. economy to a ‘very sick’ patient who came out of an operation. “It’s gonna be a booming country, very booming country. It’s going to be amazing, actually,” Trump said to reporters aboard Air Force One on his way down to one of his Florida golf clubs. President Donald Trump doubled down on his global tariffs Thursday, likening the U.S. economy to a ‘very sick’ patient who came out of an operation. “It’s gonna be a booming country,...

Macron's comments are seen as an attempt to dissuade French tycoons from cozying up to Trump, potentially to try to cut private deals, outside regular EU trade policy. Earlier this month Trump announced that French shipping giant CMA CGM intended to invest €20 billion in the U.S. In January, meanwhile, Bernard Arnault, the head of luxury goods giant LVMH, said he was considering increasing investment in the U.S. and lauded Trump's economic policy. On Wednesday the Trump administration slapped the EU with 20 percent tariffs on all exports to the...