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...
President Trump made a bold promise in April: 90 deals in 90 days. But as the deadline passed, only two trade agreements were signed. The administration's aggressive tactics have left the global trading system in a state of uncertainty. Businesses are hesitant to make decisions, waiting for clarity on the rules. The administration's approach has been to threaten tar...
Canada recently decided to drop a new digital tax on major US tech companies. This tax was supposed to start on Monday but was scrapped just hours before. The tax would have hit companies like Amazon, Google, Meta, Uber, and Airbnb with a 3% charge on revenue from Canadian users. It would have also applied to past earnings, leaving these companies with a huge $2 bill...
Kevin Durant, the seasoned NBA star, has his eyes set on three specific teams. He would like the Suns to trade him to either the Heat, Spurs, or Rockets. He is open to signing a new contract with any of these teams. However, the Suns have other plans. They are focused on making a trade that benefits the team, not just Durant's preferences. This means the final decisi...
On June 5th, a phone conversation between U. S. President Donald Trump and Chinese President Xi Jinping took place. This was the first direct talk between the two leaders since Trump's second term began and since tensions soared in the 2025 U. S. -China trade war. Trump quickly shared his thoughts on social media, calling the call a success for his administr...
The world's top two economies are back at the negotiating table. This time, it's in London. The US and China are trying to fix their trade problems. It is a big deal because these two countries are the biggest players in the global economy. The talks are happening in a UK government building. The Chinese team is led by a high-ranking official. The US side has som...
The recent court ruling that deemed many of Trump's tariffs illegal has not shaken his team's resolve. The top economic advisors are clear that tariffs are here to stay. This stance could lead to a showdown with China and other nations. The administration is ready to use other legal means to push for trade talks. Some of these tariffs were announced months ago, b...
The upcoming week is set to be a significant one for global trade. It is expected that the President of the United States will engage in a dialogue with the President of China. This conversation is anticipated to center around the ongoing trade negotiations between the two superpowers. The world is watching to see if these discussions will lead to a breakthrough i...
There was a significant rise in stock prices on Tuesday. This happened after Trump announced he was pushing back the deadline for imposing tariffs on the European Union. The S&P 500 index went up by about 2%. The Dow Jones Industrial Average saw a gain of 713 points, which is roughly 1. 7%. The Nasdaq, known for its tech stocks, increased by approximately 2. 4%. Inve...
The U. S. and EU have decided to postpone a planned 50% tariff on EU imports. This change came after a conversation between President Donald Trump and European Commission President Ursula von der Leyen. Trump mentioned that the delay was requested by von der Leyen. She wanted more time to negotiate. This is not the first time Trump has threatened tariffs only to ...