A heated exchange unfolded online when President Donald Trump took to his Truth Social platform to criticize the Wall Street Journal's editorial board. The board had been vocal about their disapproval of Trump's tariff policies, even nicknaming him "Tariff Man" in their opinion pieces. Trump fired back, claiming the board's negativity stemmed from their globalist lea...
Germany's finance chief, Lars Klingbeil, thinks the EU needs to step up its game in trade talks with the US. He believes the EU has been too soft in the past and should be more confident when talking to the US. He wants the EU to work closely with the US, even when things get tough. Klingbeil met with US Treasury Secretary Scott Bessent to talk about trade issues. T...
Politics is always buzzing with big stories. Let's dive into some of the latest headlines that are making waves. First up, let's talk about tariffs. In just six months, former President Trump managed to bring in a huge amount of money through tariffs. This move has sparked a lot of debate. Some people think it's a smart way to protect American industries, while othe...
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...
In June, Americans kept their spending habits going strong, even as prices started to climb due to new tariffs. The Commerce Department shared that retail sales grew by 0. 6% from May, bouncing back from a big drop in May. Experts expected a much smaller increase, so this was a pleasant surprise. Car dealerships saw a big boost, with sales jumping by 1. 2%. Restaura...
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 carefully watch how things unfold before making any moves on interest rate...
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, believes this spike is a sign of companies preparing for the next round of...
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 to tariffs. Tariffs are taxes on imports. President Trump has been pu...
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 US and Mexico have fought over tomatoes. Back in 1996, US farmers co...
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 EU's move comes after the US threatened to impose a 30% tariff on EU ...