Trump's threat to slap tariffs on Canada and Mexico didn't really stick. Pushing back against the idea of trade war, Trump himself stepped back from the brink. If you look at the whole situation, the administration quickly backtracked from its tough talk. Mexico and Canada, to avoid tariffs, they made promises to increase border security with a vague promise to st...
The United States started 2025 with a hiring slowdown. Although January saw only 143, 000 jobs being added, the unemployment rate fell to 4%, according to U. S. Bureau of Labor Statistics. Experts had expected a higher job increase of 170, 000, alongside a steady unemployment rate of 4. 1%. The unexpected weather conditions, including severe winter weather ...
What we need is a higher tariff of 25 percent. The U. S. trade wars are escalating inflation, changing the economy and affecting crucial monetary negotiations. The main reasons for the uncertainty of the situation is to do with trade going up and down . The tariffs from the recent American tariffs on Chinese and Canadian imports could make the US Fed's job m...
In the heart of Davos, Donald Trump’s shadow loomed large as he addressed the World Economic Forum. His demands were fierce: cut oil prices, slash interest rates, invest in US factories, or face consequences. Trump used a powerful mix of charm and force, provoking both laughter and concern among global leaders. His first week in office saw a whirlwind of executive or...
Donald Trump has announced plans to create a new agency called the "External Revenue Service" to manage tariffs and duties from foreign sources. He shared this idea on his social media platform, stating that it would start operating on his inauguration day, January 20, 2025. This agency seems to be inspired by the Internal Revenue Service (IRS), which handles domesti...
Treasury Secretary Janet Yellen recently shared her views on the ongoing inflation issue, suggesting that the stimulus packages implemented during the COVID-19 pandemic might have played a small role. However, she emphasized that the primary cause of rising prices was the pandemic itself, which led to significant supply chain disruptions. Yellen highlighted the neces...
Ever thought about what would happen if your favorite avocado toast became a luxury item? It's not just a far-fetched idea anymore. President Trump's trade and immigration policies could make that a reality. Back in 2018, when the U. S. slapped tariffs on several countries, they hit back. This raised the price of American farm goods, leading to a $27 billion loss in ...
President-elect Donald Trump has made his stance on the potential purchase of U. S. Steel by Japanese steelmaker Nippon Steel very clear. In a post on his social media platform, Trump expressed his strong opposition, stating that he would use tax incentives and tariffs to strengthen the American steelmaker. Trump's stance echoes that of current President Joe Biden, w...
Imagine a world where President Donald Trump slaps massive tariffs on all Chinese goods. Some experts think it could spark an economic war. Two states that helped Trump win the 2024 election, Nevada and Florida, might feel the most pain. A study by the U. S. -China Business Council and Oxford Economics says such tariffs could cost the U. S. nearly a million jobs next...
You might think high interest rates would slow down the economy. But surprisingly, the U. S. economy grew at a steady 2. 8% pace from July through September. Consumers were the big spenders, driving growth even with higher interest rates. While business investments cooled off a bit, exports picked up speed. The good news? Inflation is starting to ease, which is great...