Trump announced plans for a roughly $15 billion steel plant in eastern Iowa that Mesabi Metallics intends to build, with production expected to begin in 2030. The announcement came ahead of a competitive Senate race in the state.
Posts published in “Financial”
Trump says he is seriously considering a U.S. diesel export ban as prices hover near a record. Analysts say it could bring brief relief for diesel buyers but raise gasoline prices and disrupt overseas markets if it lasts.
Trump is set to announce a $15 billion steel plant in Iowa that is expected to begin production in 2030 and create up to 1,750 permanent jobs. CBS News and NBC News reported different projections for its annual steel output.
Trump and Xi extended a U.S.-China trade truce by two months during a state visit marked by ceremony but few announced agreements. They plan to meet again in November and December.
Iran says it can reopen the Strait of Hormuz within seven days if the United States meets its conditions. The two sides remain divided over when to address Iran’s nuclear program.
Trump and Xi projected a cordial relationship at the White House, but reported progress was limited to a continuation of their trade truce. Taiwan, AI and Iran remained unresolved.
Trump and Xi are meeting in Washington after a two-month extension of the US-China trade truce. Analysts differ on whether the pause can lead to a more durable agreement.
Treasury yields climbed amid strong economic data and rising oil prices, adding to expectations of further Fed rate hikes. NBC News reported that the 30-year Treasury bond yield reached a 22-year high of 5.47% and the average 30-year mortgage rate rose to 7.37% Thursday.