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...
Nike's shares got a big boost recently, jumping over 10% after hours. This happened even though the company reported some of its worst results in years. Investors seem hopeful that Nike's new plans might finally start working. The company's CEO, Elliott Hill, came back from retirement to lead Nike. He talked about new strategies, like focusing more on sports product...
Shopping on Temu, a Chinese online store, has become a bit more complicated for U. S. buyers. The reason? Import charges have skyrocketed due to ongoing trade disputes. These extra fees can make the final price much higher than what's advertised. For example, a pack of men's shorts listed at $23. 61 ended up costing $56. 36 after a $32. 75 import charge. This is a st...
The landscape of Cambodia's capital, Phnom Penh, is changing rapidly. Chinese influence is becoming more visible. Streets are now adorned with Chinese signs. One of the most notable changes is the ring road encircling the city. It was officially renamed Xi Jinping Boulevard last year. This road is part of a larger project that includes a massive airport. This ai...
Flint, Michigan, is a city that has seen better days. The General Motors Flint Assembly plant is a massive factory that produces the popular Silverado truck. This plant is a big deal for Flint, a city of about 80, 000 people in the heart of Michigan's auto industry. The plant has been a steady source of jobs and economic stability for the region. The city has a hist...
The world of international trade is in for a major shake-up. The United States has significantly increased its tariffs, which are taxes on imported goods. This move has sent ripples through the global market, redirecting billions of dollars in exports that were originally headed for the U. S. Now, these goods are flooding into other countries, including Canada. This ...
Countries worldwide are lining up to talk trade with the U. S. after recent tariff hikes. These tariffs, which took effect recently, have stirred up global markets and sparked worries about a recession. The U. S. president has made it clear that he's open to deals, but the process might be slow. Nearly 70 countries have expressed interest in negotiations, hoping to l...
The head of a major US bank has sounded the alarm on the potential dangers of recent tariffs. He believes that these new taxes on imports could lead to higher prices and increase the likelihood of a recession in the US. The banker acknowledged that there are valid reasons for these tariffs, but he also pointed out that they could have serious consequences if they sti...
Benjamin Netanyahu is in Washington once again to meet with President Trump. This time, the Israeli Prime Minister has a lot on his plate. One of the main topics of discussion will be the Israeli hostages still held in Gaza. It has been a year and a half since the war in Gaza started. This war began after a deadly attack by Hamas on October 7, 2023. Since then, Israe...
The US is gearing up for a significant shift in global trade. Top officials have made it clear that the country is not backing down from its plans to impose hefty tariffs on imports. This move is part of a broader strategy to overhaul international trade practices, which the administration believes have been unfair for decades. The decision to press ahead with these...