President Trump's latest move has stirred the global trade pot. He announced a 19% tax on goods coming into the US from the Philippines. This came after a chat with the Philippines' leader at the White House. Trump shared the news on social media, calling it a "beautiful visit" and a "Trade Deal. " But he didn't spill the beans on the details. The Philippines hasn't...
Europe is falling behind, and someone needs to say it. That someone was Jamie Dimon, the head of JPMorgan Chase. He didn't sugarcoat things when he spoke at an event in Ireland. He said Europe is losing ground to the U. S. and Asia. This isn't news to many, but it's a stark reminder. Europe used to be closer to the U. S. in economic terms, but that gap is widening. ...
The clock is ticking for the U. S. and the European Union. They're trying to make a trade deal before a big deadline. If they don't, things could get expensive. Right now, the U. S. is threatening to put high taxes on EU goods. This could happen as early as July 9. The EU might hit back with their own taxes on U. S. products. This could be bad news for businesses an...
Switzerland's central bank, the SNB, has just made a big move. They've cut interest rates to zero. This is a significant step for a country that has been experimenting with negative rates. The goal? To control the strength of the Swiss franc, which has been surging due to global trade tensions. The Swiss franc is often seen as a safe bet. Investors flock to ...
The legal battle over tariffs is heating up. Two companies that make educational toys have taken a big step. They asked the Supreme Court to speed up their case against tariffs. These tariffs were put in place by the President. The companies want the Supreme Court to hear their case right away. They even want the court to skip the usual steps and hear their argu...
In the early days of June, consumers started to feel a bit more optimistic about the economy. This shift happened as talks about the global trade war seemed to be moving forward. A survey by the University of Michigan showed that people were not as worried about the economy or sudden price increases as they were before. This survey is known for giving a good sense of...
The trade war has been a rollercoaster for small businesses. The recent news of reduced tariffs between the US and China might seem like a win, but it's not all sunshine and rainbows for small business owners. For many, the struggle is far from over. The tariffs have been a massive headache for small businesses. They've had to deal with sudden cost increases, disrup...
The G7 finance ministers are set to meet in a Canadian mountain resort. This gathering might be more tense than usual. Why? Because of the tariffs put in place by the U. S. president. These tariffs could slow down economic growth in many of the countries attending, including Canada. The U. S. president has even suggested that Canada could become a state of the U. S. ...
The U. S. has been in a trade war for a while now. The current president has been pushing for higher tariffs on goods from other countries. This has led to a interesting situation. Some of the biggest companies in the U. S. are now in a public dispute with the president. They are warning that these tariffs will force them to raise prices. The president, however, th...
Wednesday's trading session saw a slight uptick in stock prices, driven mainly by the tech industry. This rise comes as investors are hopeful about extending the market's recent recovery. The S&P 500 and Nasdaq Composite saw gains of 0. 2% and 0. 7%, respectively. Meanwhile, the Dow Jones Industrial Average experienced a minor dip of 0. 1%. This week has been positiv...