Susan Collins, who leads the Federal Reserve Bank of Boston, thinks the economy is strong enough to handle tariffs without needing quick action from the Fed. She believes businesses and households are in good shape, which might help soften the blow of higher tariffs. This gives the Fed time to caref
The Port of Los Angeles experienced its busiest June ever, with 892, 000 container units processed. This is an 8% increase from the previous year. This sudden surge in shipping volume is a direct result of businesses trying to avoid upcoming tariffs. The port's executive director, Gene Seroka, belie
Prices in the US are going up. In June, the cost of living rose by 0. 3%, making the yearly increase hit 2. 7%. This is the highest it's been in four months. Experts expected this rise, especially because gas prices went up. But it's not just gas. Other goods are getting more expensive too, thanks t
The US has slapped a 17% tariff on Mexican tomatoes, a move that could make your pizza and salsa more expensive. Why? The US claims Mexican tomatoes are being sold too cheaply, hurting local farmers. But Mexico says their tomatoes are just popular because they're good. This isn't the first time the
The EU is planning to retaliate against the US with tariffs on a range of products. This includes aircraft, cars, machinery, chemicals, plastics, medical devices, electrical equipment, and industrial goods. The total value of these goods is less than previously proposed, at around €95 billion. The
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
Ever thought about how plants could help clean up our water? It turns out that tiny parts of plants, called hemicellulose and cellulose, can do just that. These parts are great at grabbing onto tiny plastic bits, called nanoplastics, in water. This is because they have a special structure that makes
The US is planning to hit the European Union and Mexico with a 30% tax on their goods starting August. This news comes from President Trump, who shared the update on his social media platform. He also sent similar messages to other countries, warning them about even bigger taxes if they fight back.
Driftwood is everywhere along coastlines, but its role in trapping trash is often overlooked. A recent study looked at seven beaches in the central Caribbean coast of Colombia to see how driftwood affects litter buildup. Researchers counted and sorted over 12, 000 items, including nearly 4, 000 piec
Coffee lovers in the US might soon pay more for their favorite brew. Why? Because of a big change in trade rules. The US president recently said they will add a huge tax, or tariff, on coffee from Brazil. This news made coffee prices jump right away. Brazil is the biggest coffee maker in the world.
