The US is planning to hit the European Union and Mexico with a 30% tax on their goods starting August. This news comes from President Trump, who shared the update on his social media platform. He also sent similar messages to other countries, warning them about even bigger taxes if they fight back.
Markets were on shaky ground Thursday morning. The Dow and S&P 500 futures were down, while the Nasdaq was looking at a small gain. This came after President Trump dropped a big announcement late Wednesday night. He said the U. S. would slap a 50% tariff on Brazilian goods starting next month. This
Fourteen countries got a wake-up call from the U. S. They have until August 1 to make a deal. If not, they'll pay more to sell their stuff to America. The U. S. is playing hardball. They say, "Make a deal or pay more. " But if these countries fight back with their own taxes, the U. S. will hit them
President Trump is pushing hard to finalize trade deals before tariffs increase for many countries. His main goals? Boost American manufacturing, increase U. S. revenue, balance trade, and pressure other nations to play by America's rules. Trump sees tariffs as a magic fix. He believes they can bri
The White House is hinting that some countries might get extra time to finalize trade deals before tariffs kick in. Stephen Miran, head of the White House Council of Economic Advisers, shared this during an interview. He mentioned that countries making real efforts could see their deadlines extended
President Donald Trump has put pen to paper, signing letters to a dozen nations about tariffs on their exports to the U. S. These letters, set to be dispatched on Monday, outline the financial hit these countries might face. Trump kept the identities of these nations under wraps, promising to reveal
The future of Rachel Reeves, the UK's finance minister, is up in the air. On Wednesday, things got tense in Parliament. Prime Minister Keir Starmer didn't promise to keep her in her job. This was a big deal because he had said before that she would stay until the next election. Later, Starmer's off
The idea of naming a new Federal Reserve chair well before Jerome Powell's term ends could lead to some serious market confusion. President Trump has hinted that he'll announce his pick soon and wants someone who will lower interest rates. Powell, however, has been cautious, citing a strong economy
Small businesses have faced tough times lately. High costs and strict rules have made it hard for them to grow. But now, there's a new bill that could change things. This bill, called the One Big Beautiful Bill, aims to help small businesses and workers. It includes tax cuts and fewer regulations. O
The Federal Reserve, led by Chair Jerome Powell, is in a tough spot. The economy is a bit of a mystery right now, and Powell wants to wait and see how things play out before making any moves with interest rates. This puts him at odds with President Trump, who's been pushing for rate cuts ASAP. Powe
