TARIFFS

Nov 17 2024POLITICS

Who's Up for Treasury? Trump's Search and Tariff Talks

President Trump is on the hunt for a Treasury secretary, and two key candidates are in the spotlight: Scott Bessent and Howard Lutnick. The big question on the table? Support for Trump's tariff plans, which aim to revive manufacturing and create jobs. Bessent was initially the front-runner, known fo

reading time less than a minute
Nov 16 2024BUSINESS

Why Some Businesses are Worried About Trump's Import Tariffs

Look around your house, you'll spot plenty of things Made in China or elsewhere abroad. But now, imagine paying much more for these items. That's what might happen with President Trump's proposed tariffs on imports. Bobby Djavaheri, who runs Yedi Houseware Appliances in Los Angeles, is worried. He t

reading time less than a minute
Nov 16 2024BUSINESS

New Tariffs Could Hurt Trump-Won States

Imagine a world where President Donald Trump slaps massive tariffs on all Chinese goods. Some experts think it could spark an economic war. Two states that helped Trump win the 2024 election, Nevada and Florida, might feel the most pain. A study by the U. S. -China Business Council and Oxford Econom

reading time less than a minute
Nov 13 2024POLITICS

Trump's Tariff Threat: A Boon for China's Economy?

President-elect Donald Trump has threatened to impose a hefty 60% tariff on all Chinese goods entering the U. S. While this move might seem like a blow to China's economy, experts suggest it could actually benefit Beijing in the long run. Professor Chen Zhiwu from the University of Hong Kong believe

reading time less than a minute
Nov 08 2024BUSINESS

What's Next for Tech Giants with Trump Back in the White House?

After Donald Trump's election win, the leaders of top tech companies like Alphabet, Meta, Apple, Amazon, and Microsoft quickly sent their congratulations. These executives, including Sundar Pichai, Mark Zuckerberg, and Tim Cook, previously had clashes with Trump. But now, they're eager to adapt to t

reading time less than a minute
Nov 08 2024FINANCE

Bitcoin's Price Journey: What's Next After Hitting Record Highs?

Bitcoin, often abbreviated as BTC, has been on quite the ride. Its price recently hit an all-time high. Some traders are thinking big, with targets set at $100, 000. But hold on, there might be a bit of a pause before that happens, say some analysts. The excitement comes from President-elect Trump's

reading time less than a minute
Nov 05 2024BUSINESS

Prepare for Price Hikes: Tech Gadgets May Get More Expensive After Election

Are you a fan of the latest gadgets? Get ready to dig deeper into your pockets after the upcoming election. Tech companies are gearing up for potential price increases on popular devices like laptops, smartphones, and game consoles. Why? Blame it on tariffs—a fancy word for taxes on imports. These t

reading time less than a minute
Nov 03 2024POLITICS

China’s Take on the US Election: Hope vs. Reality

China is closely watching the US election, but many people there don’t expect much change in the tense relationship between the two countries. Whether it’s Trump or Harris who wins, it seems like US policy toward China will stay the same. The past four years have seen both tariffs and talk of better

reading time less than a minute
Nov 01 2024BUSINESS

Inflation, Tariffs, and Small Businesses: A Look at the Impact

Small-business owners aren't thrilled about the idea of more tariffs. With former President Donald Trump hinting at higher tariffs if he returns to office, businesses like Virginia Beer Co. are worried about increased costs. Chris Smith, the co-founder, saw a 5. 5% surcharge on a supplier's bill aft

reading time less than a minute
Nov 01 2024POLITICS

Cuban Warns: Trump's Tariffs Could Make Christmas Gifts Too Expensive

Billionaire businessman Mark Cuban recently shared his thoughts on former President Donald Trump's proposed tariffs on China. While appearing on The View, Cuban warned that if Trump wins the upcoming election, families might struggle to afford Christmas gifts due to increased prices. Most holiday pr

reading time less than a minute