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...
The financial world is in a spin. European banks are feeling the heat from U. S. tariffs. These tariffs are causing a lot of problems. They are making it harder for banks to make money. The tariffs are also making people worry about a possible recession in the U. S. The European banking index took a big hit on Friday. It dropped by 9. 28% by lunchtime in London....
A major change is coming to international trade. The United States is planning to shake things up with new tariffs on a long list of countries. This move is all about trying to even the playing field, or so they say. The plan is to hit about 100 countries with a 10% tax on their goods coming into the US. This is set to start on April 5th. The idea is that this will b...
China has rolled out a broad plan to encourage people to spend more money at home. This is a response to the economic pressure from U. S. tariffs. The plan, shared by the Xinhua news agency, covers many areas. It includes increasing people's pay, helping with childcare costs, and even offering cash for trading in old items like cars and electronics. The goal is ...
The financial markets had a rocky week. The Dow Jones Industrial Average took a hit. People were worried about new tariffs from President Trump. These tariffs could slow down the economy and make things more expensive. The Federal Reserve might cut interest rates to help. But will that be enough? Some experts think Trump wants lower oil prices to keep inflation...
In a surprising turn of events, Ontario's Premier Doug Ford decided to pause a planned 25% surcharge on electricity exports to the U. S. This move came after a conversation with U. S. Commerce Secretary Howard Lutnick. The two leaders agreed to step back and let cooler heads prevail in the escalating trade war between the two countries. The trade tensions ha...
China's top diplomat, Wang Yi, recently spoke out against the US's trade policies. He called out the US for its "two-faced" behavior. This is in response to the US's recent increase in tariffs on Chinese goods. Wang Yi made these remarks during a meeting on the sidelines of China's annual parliamentary gathering. He warned that the US's "America First" policy could l...