Xiaomi is making a huge move to create its own technology. The company is putting 50 billion yuan, which is about 6. 9 billion dollars, into making its own chips over the next decade. This is a big deal because it shows that Xiaomi is serious about not relying on other countries for important parts of its products. The trade war between the U. S. and China has m...
The trade war has been a rollercoaster for small businesses. The recent news of reduced tariffs between the US and China might seem like a win, but it's not all sunshine and rainbows for small business owners. For many, the struggle is far from over. The tariffs have been a massive headache for small businesses. They've had to deal with sudden cost increases, disrup...
The U. S. has been in a trade war for a while now. The current president has been pushing for higher tariffs on goods from other countries. This has led to a interesting situation. Some of the biggest companies in the U. S. are now in a public dispute with the president. They are warning that these tariffs will force them to raise prices. The president, however, th...
The retail giant Walmart has announced that it will increase prices on some items. This move comes as a direct result of the ongoing trade war between the United States and China. The trade war has led to higher tariffs on goods entering the country, which in turn has increased the costs for retailers like Walmart. The company has been trying to keep prices low for ...
The U. S. is in the middle of a trade war that has sparked a wave of legal challenges. The president has imposed tariffs on almost every country. This move has led to at least seven lawsuits. The main argument is that the president overstepped his authority. The U. S. Court of International Trade is handling these cases. Five small businesses are leading the...
The world is buzzing with anticipation as a major trade announcement is on the horizon. The buzz is all about a significant trade agreement that's supposed to be unveiled. This news comes after a period of intense trade tensions and high tariffs that have been causing headaches for both the US and global economies. The announcement is expected to involve the United ...
The stock market in the U. S. had a rollercoaster ride after a sudden announcement about tariffs. It took just a few weeks for the market to bounce back to where it was before the shock. This happened after a president announced much higher tariffs than expected on almost all U. S. trading partners. These tariffs were so harsh that they sparked fears of a possible re...
The United States has made a big change in how it handles small packages coming from China. Starting May 2, there is no longer a special rule that let these packages enter the country without extra taxes. This rule, called the de minimis exemption, used to let companies like Temu, Shein, and AliExpress send goods worth less than $800 to the US without paying duties. ...
The U. S. economy is feeling the strain of the ongoing trade war. The job market has shown signs of slowing down. This is happening as the president's trade policies start to impact the broader economy. In April, the number of new jobs created was 177, 000. This is a slight decrease from the previous month. The unemployment rate remained steady at 4. 2%. This is desp...
Mark Carney, the newly elected Prime Minister of Canada, has a big meeting lined up. He's heading to the White House to chat with U. S. President Donald Trump. This isn't just any meeting. It's happening at a tense time. Trump's trade wars and threats to take over other countries have everyone on edge. Carney's Liberal Party just pulled off a major win, which many ...