The move spooked investors, raising fears of fresh inflationary pressure in the US as higher import costs could lead to price hikes in the coming months.

Global deglobalisation is accelerating around the world, as rising trade tensions, supply chain disruptions, and increased protectionist policies have led to a surge in trade restrictions and a ...

The Bureau of Labor Statistics reported earlier on Friday that the US had added 73,000 jobs in July, far lower than expected.