The European Union and Canada are not happy with a recent move by the United States. The U. S. has decided to double the tariffs on steel imports from 25% to 50%. This decision is causing a lot of uncertainty in the global economy. It also means higher costs for both consumers and businesses on both sides of the Atlantic. The U. S. made this announcement at a rally ...
The United States is set to close a significant trade loophole, which will have a direct impact on the pricing strategies of popular Chinese online retailers like Shein and Temu. This loophole, known as the "de minimis" exemption, has allowed these companies to ship low-value items to the US without paying duties or import taxes. The exemption has been a game-changer...
California is gearing up to challenge Trump’s tariffs in a significant legal battle. The state’s governor and attorney general are teaming up to file a lawsuit that could limit the president’s power to impose tariffs. This move comes after Trump recently slapped steep tariffs on major trading partners, which he later scaled back but kept in place at a lower rate. Th...
In a surprising move, the leader of the United States, Donald Trump, signed an order on Monday to impose a 25% tax on steel and aluminum imports. This decision had a profound impact on Asia-Pacific markets. Many markets in the region showed resilience and even gains, brushing off the tariff news. Asia-Pacific markets started the day on a high note, following a posit...
Investors worldwide have been feeling the impact on stocks. A recent move has caused a stir and uncertainty on markets. Several key trading partners faced new tariffs over the weekend, including a 25% hit on goods from Mexico and Canada, with China also in the mix. Stock indexes reacted strongly to the news. News of tariffs led to a sharp drop in futures f...
Tariffs. They're a big worry for many businesses, especially Tesla. The electric car giant is super reliant on parts from all around the globe. But that's a problem. The company's top money expert just warned that new tariffs might shrink the company's earnings. The company's CFO, didn't hold back. In plain words, "if the government adds taxes on goods fro...
Germany's finance minister, Christian Lindner, has a clear message: if the U. S. starts a trade war with the European Union (EU), Germany is ready to fight back. Speaking at the International Monetary Fund's annual meeting in Washington D. C. , Lindner said that trade disputes don't have winners, only losers. He warned that if former U. S. President Donald Trump wins...