Switzerland is ready to roll out lower tariffs on its exports to the U. S. The Swiss Economy Minister, Guy Parmelin, shared this in a recent interview. He hopes the U. S. will be ready by early December. The U. S. had previously imposed a high tariff of 39% on Swiss imports. But now, both countries have agreed to cut this rate to 15%. The Swiss government expects it...
Switzerland has struck a new trade deal with the United States, but not everyone is happy about it. The deal aims to lower import tariffs for Swiss products in the U. S. from a whopping 39% to a more reasonable 15%. In return, Swiss companies are expected to invest a massive $200 billion in the U. S. The Swiss Economy Minister, Guy Parmelin, is pretty happy with the...
South Korea is taking steps to strengthen its auto industry. The government has announced plans to increase subsidies for electric vehicles (EVs) by 20% in 2026. This move aims to boost local demand and support the industry amid concerns over U. S. tariffs. The government has allocated 936 billion won ($658. 47 million) for EV subsidies next year, up from 780 billio...
The U. S. has decided to cut tariffs on certain products from Argentina, Ecuador, Guatemala, and El Salvador. This move is part of broader trade agreements aimed at making goods like coffee and bananas more affordable for American consumers. Officials hope these changes will lead to lower prices at the store. The deals are expected to wrap up soon, with more agreeme...
Australia and Canada just made a big move. They signed a deal to work together on important minerals. These are the kinds of minerals that are super important for making things like batteries and magnets. This deal is all about making sure they don't have to rely too much on China for these resources. This agreement happened during a meeting of G7 countries. Most of...
Russian President Vladimir Putin is heading to China for a busy four-day trip. This is a big deal because Putin rarely stays abroad this long. He's got a packed schedule, including talks with Chinese President Xi Jinping and a military parade. First up, Putin will join the Shanghai Cooperation Organization (SCO) summit in Tianjin. This group focuses on security and ...
The U. S. has recently taken a tough stance on Mexico's aviation policies. The move comes after Mexico asked airlines to shift from the main airport in Mexico City to a newer one farther away. The U. S. sees this as a breach of their trade deal and a way for Mexico to favor its own airlines. The U. S. is now requiring Mexican airlines to get approval for their fligh...
Canada's steel industry is in a tough spot. The US has doubled tariffs on steel imports from Canada. This move has sparked a lot of anger and worry. The industry is bracing for major job losses and factory slowdowns. Steel is a big deal in Canada. It's a 15 billion dollar industry. It employs 23, 000 people directly and supports another 100, 000 jobs indirectly. The...
The trade relationship between the United States and China hit a rough patch. The latest development? A public accusation from the U. S. President. He claimed that China had not kept its end of a recent trade bargain. This news sent a ripple through the stock market, causing a slight dip in early trading. Trade agreements are complex. They involve lots of back-and-f...
China is making waves in the tech world. Every month, it seems, a new, groundbreaking technology emerges from the country. BYD, now the world's top electric vehicle maker, has just unveiled a rapid charger. This charger can juice up a car's battery with 250 miles of range in just five minutes. That's a game-changer for electric vehicles, making them more practical fo...