Markets around the world are feeling a bit shaky lately. Tech stocks are taking a hit, and everyone's eyes are on the Supreme Court. They're about to make a big decision about President Trump's tariffs. These tariffs are a huge deal, with serious money on the line. The Trump team says the president can impose them in an emergency, but others argue that's not how it w...
The Supreme Court is currently looking into whether the president can impose tariffs on almost every country using a law meant for emergencies. This is a big deal because it's about how much power the president has and how it affects trade. The president has been using a law from 1977, called IEEPA, to put these tariffs in place. This law was made to deal with emerg...
The U. S. and Switzerland have been in discussions about trade, but it's not all smooth sailing. President Trump recently met with Swiss officials and praised their efforts, but the path to a new trade deal is far from clear. The two sides agreed to keep talking, with U. S. Trade Representative Jamieson Greer set to meet with Swiss leaders again soon. This isn't the...
The Supreme Court is set to tackle a big question: Are Trump's tariffs legal? This isn't just any case; it's a major test for the president's trade policies. Trump has been pushing for tariffs for decades. He finally made it official policy this year, slapping tariffs on almost every trading partner. He even called it "Liberation Day" when he announced it. But not e...
A big change in how packages are taxed might make online shopping more expensive. Until recently, items worth less than $800 could enter the country without extra fees. But that rule ended in August, and it could mean higher prices for shoppers. This change could hit consumers harder than they think. Before, many online purchases slipped under the radar when it came...
The U. S. Supreme Court is set to hear a big case about tariffs. It's not just any case, though. It's about small businesses fighting back against tariffs imposed by former President Donald Trump. The man leading this charge is Rick Woldenberg, CEO of Learning Resources, a family-run educational toy company. Woldenberg is not alone. He's joined by other small busine...
The Senate recently made a strong statement against President Trump's global tariffs. This was the third time in one week that the Senate opposed the president's trade policies. The vote was tight, with 51 senators voting to block the tariffs and 47 against. Some Republicans, including Mitch McConnell and Rand Paul, joined the Democrats in this vote. However, the Ho...
In a surprising turn, Trump has decided to cut some tariffs on China after a chat with Xi Jinping. This move comes after both leaders had a long talk in South Korea. Trump is now reducing the tariffs on certain Chinese goods from 20% to 10%. This change means the total tariff rate on Chinese products will drop from 57% to 47%. Trump seems pretty happy about the meet...
The world's economy is a complex web, already facing challenges like climate change and geopolitical tensions. Adding reckless political decisions to the mix is like throwing fuel on a fire. This is exactly what happened when President Trump decided to impose an extra 10% tariff on all Canadian goods. Why? Because he didn't like a TV ad from Ontario. The ad featured...
The U. S. president, Donald Trump, made a big move after chatting with China's leader, Xi. He said he'd lower tariffs on Chinese goods by 10%. This means the tariffs will drop to 47% now. The talk between these two leaders was a major part of Trump's trip to Asia. It's important because the U. S. and China have been in a trade war, with tensions running high. Trump ...