India finds itself in a tricky spot with trade talks with the U. S. under President Trump. The main issue isn't just about economics, but also about politics and personal egos. India's hesitation to publicly credit Trump for helping to ease tensions between India and Pakistan has ruffled feathers. Meanwhile, Pakistan, a smaller player, has managed to secure better tr...
President Trump is pushing hard to finalize trade deals before tariffs increase for many countries. His main goals? Boost American manufacturing, increase U. S. revenue, balance trade, and pressure other nations to play by America's rules. Trump sees tariffs as a magic fix. He believes they can bring back manufacturing jobs, reduce the U. S. deficit, and make other ...
The White House is hinting that some countries might get extra time to finalize trade deals before tariffs kick in. Stephen Miran, head of the White House Council of Economic Advisers, shared this during an interview. He mentioned that countries making real efforts could see their deadlines extended. Miran stayed vague about which countries might get this extension....
The US is set to raise tariffs on a number of countries. This comes after a three-month deadline for trade negotiations, which ends soon. The White House plans to send letters to about 10 to 12 countries. These letters will detail new tariff rates, which could range from 10% to 70%. The US has already imposed tariffs as high as 50% on most trading partners. Higher t...
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...
In a surprising move, the U. S. and Vietnam struck a trade deal just before the U. S. was set to reinstate full tariffs. The agreement cuts the duty on Vietnamese imports to the U. S. from 46% to 20%. Vietnam, in return, agreed to impose a 40% tariff on goods that come from other countries but are shipped through Vietnam to the U. S. This practice, known as transship...
The clock is ticking on trade negotiations, and the US economy might feel the heat soon. With just over a week left before the 90-day pause on "Liberation Day" tariffs ends, the White House is scrambling to finalize deals. But with only two agreements signed and many more to go, the July 9 deadline seems far-fetched. President Trump has been talking big about trade ...
Trump has been talking about a new trade agreement with China. He mentioned this deal during a recent interview, but he didn't share any specifics. The Commerce Secretary, Howard Lutnick, also confirmed that a deal was signed earlier in the week. However, neither Trump nor Lutnick gave any details about what was agreed upon. This isn't the first time Trump has talke...
In May, Americans felt a bit more optimistic about the economy. This shift came after five months of declining confidence, which hit a low point in April. The main reason for the earlier pessimism? Worries about the impact of President Donald Trump's tariffs. The Conference Board's consumer confidence index saw a significant jump of 12. 3 points in May, reaching 98....
Small businesses are feeling the pressure as they navigate the ever-changing landscape of trade tariffs. The recent agreement between the US and China has lowered tariffs on Chinese goods to 30% for a 90-day period. This temporary reprieve has brought a mix of relief and frustration to small business owners. Connor Alexander, a board game publisher in Seattle, is o...