President Joe Biden has vetoed House Resolution 39 to overturn a two-year moratorium on solar tariffs from Southeast Asia.Waiving the moratorium on solar tariffs imposed on equipment produced in Cambodia, Malaysia, Thailand and Vietnam would have jeopardized the momentum the U.S. solar industry is building, Biden said in a stataement explaining his decision to veto the resolution.Biden said that s...
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Political News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.