Mexico is making some big changes to its trade rules. The country's leader, Claudia Sheinbaum, said they're not trying to start a fight with other countries, even though they're raising taxes on imports. This includes a big increase on cars from China, up to 50%. The new rules affect a lot of goods, worth about $52 billion. Some people think Mexico is doing this to ...
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...
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...
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...
Europe is in a tough spot. The U. S. just dropped a big surprise: 30% tariffs on European goods. This isn't just about cheese or leather. It's about a lot of stuff, from electronics to medicine. And it's not just Europe. Mexico is in the same boat. European leaders are meeting to figure out what to do. They're not rushing to fight back, but they're getting ready. It...
The US is planning to hit the European Union and Mexico with a 30% tax on their goods starting August. This news comes from President Trump, who shared the update on his social media platform. He also sent similar messages to other countries, warning them about even bigger taxes if they fight back. Trump's letters to the EU and Mexico point out that the US has been ...
Coffee lovers in the US might soon pay more for their favorite brew. Why? Because of a big change in trade rules. The US president recently said they will add a huge tax, or tariff, on coffee from Brazil. This news made coffee prices jump right away. Brazil is the biggest coffee maker in the world. So, when the US said they would add a 50% tax on Brazilian coffee, i...
Trump's recent move to impose new tariffs on 14 countries didn't shake up global markets as much as expected. The president announced tariffs ranging from 25% to 40% on goods from countries like Japan, South Korea, and others, set to start on August 1. But markets in Asia and Europe barely reacted. Japan's stock market even went up a bit, and Europe's main stock inde...
President Donald Trump has put pen to paper, signing letters to a dozen nations about tariffs on their exports to the U. S. These letters, set to be dispatched on Monday, outline the financial hit these countries might face. Trump kept the identities of these nations under wraps, promising to reveal them soon. Initially, Trump had hinted that the first round of thes...
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...