The U. S. president has recently stirred the pot in global trade by proposing hefty tariffs on European goods and smartphones. This move comes as a surprise to many, given the long-standing alliance between the U. S. and the EU. The president's threat of a 50% tax on EU imports and a 25% tariff on smartphones, unless they are made in the U. S. , has raised eyebrows a...
The first 100 days of Trump's presidency have been a whirlwind of economic changes. The president has been using his executive powers to reshape the economy, often sidestepping Congress. One of his biggest moves has been slapping tariffs on goods from major trading partners like Mexico, Canada, and China. The idea was to bring back factory jobs and boost domestic pro...
Boeing is gearing up to ask the Federal Aviation Administration for the green light to boost its 737 Max jet production to 42 per month by the end of this year. This push comes as the company shows signs of improvement in its financial performance and operational efficiency. The company's latest quarterly report revealed a net loss of 31 million dollars, which, alth...
The political stage in Washington saw a notable performance when Italian Prime Minister Giorgia Meloni stepped into the spotlight. Her mission? To mend the frayed threads of US-EU trade relations. Meloni, known for her strong stance, met with former US President Donald Trump. The two leaders shared a warm and friendly atmosphere, reminiscent of previous high-profile ...
The U. S. has made defending Taiwan a big part of its Pacific plans. But its trade tactics might make things worse. The U. S. has been talking about a strong Pacific strategy. The defense of Taiwan is a key part of this plan. This isn't new. It's been U. S. policy since 1949. But things have changed. China has been building up its military. Its Navy has grown from 14...
The US is teetering on the edge of a major economic downturn. It might even be worse than a simple recession. A seasoned investor with a knack for spotting trouble has sounded the alarm. Ray Dalio, who predicted the 2008 financial crisis, has warned about the instability caused by recent tariff announcements. These tariffs are shaking up both US b...
Farmers in the United States are feeling the pinch of recent trade policies. The Chinese government has slapped heavy tariffs on U. S. exports, and this is causing a lot of worry among farmers. John Pihl has been farming in Northern Illinois for over half a century. He is one of many farmers who are now dealing with the consequences of these tariffs. The increased c...
The sudden spike in tariffs on Chinese goods has left many US businesses in a tough spot. For years, companies like Learning Resources have relied on China for manufacturing. Rick Woldenberg, the CEO, had planned for a 40% tariff increase, thinking it was the worst that could happen. But then, the US government raised the tariffs to 54%, and later to 145%. This massi...
The U. S. economy was in a tough spot. President Trump had thrown a wrench into global trade. He slapped huge tariffs on both friends and foes. This made for an unusual gathering of former Treasury secretaries. They usually welcome the new secretary with smiles and light chat. But this time, the mood was heavy. Steven T. Mnuchin, a former Treasury Secretary, ho...
The US has been imposing tariffs on various countries, with China being a major target. The idea is to protect American industries from what President Trump calls "unfair trade. " However, the effectiveness and accuracy of these claims are up for debate. One of the big claims is that the US is making $2 billion a day from these tariffs. This figure has been wide...