The world's financial leaders have just wrapped up their latest meeting in Washington, and the mood was a mix of relief and exhaustion. They're happy to see the global economy holding up better than expected, but they're also tired of all the uncertainty. It's been a wild ride since the U. S. introduced new tariffs earlier this year, and no one knows what's coming ne...
Governments worldwide are in a bit of a pickle. They've been spending more than they earn, and the debt is piling up. This isn't new, but it's getting worse. Before the pandemic, global debt was already high, but now it's even higher. And it's not slowing down. Five years ago, when the pandemic hit, governments had to spend big to keep economies afloat. They had to ...
Singapore is still the priciest place for wealthy folks, according to a recent study. This is the third year in a row it's held this spot. The study looked at the cost of fancy stuff like cars, jewelry, and private schools in 25 big cities around the world. It also asked rich people with at least $1 million in assets what they thought. The study was done before some...
Europe is in a tough spot. The U. S. just dropped a big surprise: 30% tariffs on European goods. This isn't just about cheese or leather. It's about a lot of stuff, from electronics to medicine. And it's not just Europe. Mexico is in the same boat. European leaders are meeting to figure out what to do. They're not rushing to fight back, but they're getting ready. It...
President Trump made a bold promise in April: 90 deals in 90 days. But as the deadline passed, only two trade agreements were signed. The administration's aggressive tactics have left the global trading system in a state of uncertainty. Businesses are hesitant to make decisions, waiting for clarity on the rules. The administration's approach has been to threaten tar...
The US is set to raise tariffs on a number of countries. This comes after a three-month deadline for trade negotiations, which ends soon. The White House plans to send letters to about 10 to 12 countries. These letters will detail new tariff rates, which could range from 10% to 70%. The US has already imposed tariffs as high as 50% on most trading partners. Higher t...
In a surprising move, the U. S. and Vietnam struck a trade deal just before the U. S. was set to reinstate full tariffs. The agreement cuts the duty on Vietnamese imports to the U. S. from 46% to 20%. Vietnam, in return, agreed to impose a 40% tariff on goods that come from other countries but are shipped through Vietnam to the U. S. This practice, known as transship...
Investors in Asia had a tough time on Tuesday. They were trying to make sense of the big wins on Wall Street and the possible effects of U. S. President Donald Trump's tariff plans. The 90-day break on tariffs is about to end, and no one knows what will happen next. U. S. Treasury Secretary Scott Bessent said some countries are talking things out. But he also warned...
The world economy is in for a rough patch. The World Bank has warned that growth is set to slow down significantly. This is mainly due to the ongoing trade disputes sparked by the U. S. government. The situation is so tense that it might lead to the slowest economic growth since the 1960s. The World Bank's report highlights that while a full-blown recession isn't...
The European Union and Canada are not happy with a recent move by the United States. The U. S. has decided to double the tariffs on steel imports from 25% to 50%. This decision is causing a lot of uncertainty in the global economy. It also means higher costs for both consumers and businesses on both sides of the Atlantic. The U. S. made this announcement at a rally ...