AP Business Digest
Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom's Coverage Plan.
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UPCOMING
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TRUMP TARIFFS
FORMATS: Text, Photo, Video, LiveVideo
o WITH: TRUMP TARIFFS
o DESCRIPTION: U.S. and China 90-day pause on tariff cuts is expected to end on Aug 12. That deadline could shift as negotiations continue. Both countries agreed in May to cut tariffs on each other's imports following trade talks. Some tariffs were canceled altogether, while others were suspended for 90 days.
o UPCOMING: By 08/12/2025 12:00 a.m. EDT
o WITH: CHINA-US-TARIFFS
o DESCRIPTION: Latest as a 90-day pause on imposing higher tariffs on China is due to expire on Tuesday and it is unclear if it will be extended.
o UPCOMING: By 08/12/2025 1:00 a.m. EDT
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CONSUMER PRICES
DESCRIPTION: Inflation likely ticked up in July for the third straight month as tariffs lift the cost of imported goods such as furniture, appliances, and toys, which could make it harder for the Federal Reserve to cut short-term interest rates as President Donald Trump has demanded. Consumer prices are forecast to have risen 2.8% in July from a year earlier, according to a survey of economists by data provider FactSet. That annual pace would be up from 2.7% in June and a post-pandemic low of 2.3% in April. Excluding volatile food and energy costs, core inflation is expected to rise to 3%, from 2.9% in June. Both figures are well above the Fed's 2% price target.
UPCOMING: By 08/12/2025 12:01 a.m. EDT, Text, Photo
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AUSTRALIA-ECONOMY
DESCRIPTION: Australia's central bank considers reducing its benchmark interest rate by a quarter percentage point for a third time this year to 3.6%, with inflation tamed and economic growth stalling.
ON MERITS: By 08/12/2025 2:00 a.m. EDT, Text, Photo, Video
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US-DRONE DELIVERIES
DESCRIPTION: Drone delivery promises lightning fast service, but so far it's off to a slow start in the U.S. That could soon change. The Federal Aviation Administration has proposed new rules that would make it easier to operate drones over longer distances. DoorDash, Walmart, Amazon and other companies operating under waivers have been delivering food and packages in a limited radius in only a handful of cities. Their experience illustrates the benefits, drawbacks, and biggest obstacles to making the service more widely available.
UPCOMING: By 08/12/2025 2:00 a.m. EDT, Text, Photo, Video, Audio
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CONSUMER PRICES
DESCRIPTION: The Labor Department issues its July report on consumer prices. In June, inflation in the U.S. rose to its highest level since February - 2.7% from a year earlier - as President Donald Trump's sweeping tariffs pushed up the cost of everything from groceries and clothes to furniture and appliances. Analysts are forecasting that prices ticked up last month to 2.8% year-over-year. By Christopher Rugaber. UPCOMING: 130 words after release, then expanded.
UPCOMING: By 08/12/2025 8:30 a.m. EDT, Text, Photo
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