U. S. President Donald Trump has hinted at imposing 25% tariffs on Canadian imports starting February 1. He made this announcement during the signing of executive orders at the White House. Trump blamed Canada, among other countries, for allowing a large number of people and the drug fentanyl to ent
President-elect Donald Trump announced his intention to create a new agency, the External Revenue Service, to collect tariffs and other revenues from foreign countries. He shared his plan on Truth Social, comparing it to the Internal Revenue Service, which deals with domestic taxes. To make this hap
As the clock ticks down to Donald Trump's inauguration, Canada's provincial leaders are at a loss over how to handle the president-elect's tariff threats. They're scrambling to protect their economies, but they don't agree on the best way to do it. Alberta's premier, Danielle Smith, met with Trump a
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
Imagine this: the dollar is taking a dip in the global market. This happened after Bloomberg News stirred some headlines about President Trump's economic team playing with the idea of gradually raising tariffs. Instead of a massive, sudden change, they're thinking about a slow and steady approach.
China's exports saw a surprising jump in December, growing by 10. 7% compared to the same month last year. This boost came as factories rushed to fill orders before possible higher tariffs from the incoming U. S. President, Donald Trump. Imports, on the other hand, only increased by 1%, defying expe
Bitcoin investors are facing some tough decisions. President Trump's plans might not be as crypto-friendly as everyone thought. After a strong rally, the price of Bitcoin is dropping. Why? It's all about the dollar and uncertainty. Strong dollar, higher rates, and sudden changes in trade policies ar
As Donald Trump prepares to take office, semiconductor companies are in a rush to shift their production orders out of China. This is due to the expected harsh tariffs and regulations from the new administration. UMC, a major semiconductor company, is leading the charge by moving orders for mature p
The wealthy couldn't be happier. Bitcoin soared past $100, 000 last year, and banks celebrated Donald Trump's victory. Wall Street is eagerly waiting for stock gains in 2025. At the same time, homelessness jumped 18%. Small business owners worry about Trump's tariffs and immigration threats. It's a
As the calendar turns over to 2025, investors are crossing their fingers for a bright start. However, experts are cautioning that the stock market may not see the massive jumps seen in the past couple of years. Wall Street predictions suggest the S&P 500 could grow by about 15%, with a big boost fro
