Europe has long grappled with China's economic might. Now, a new challenge looms. China churns out a wide range of goods at artificially low prices. These include everything from electric vehicles to steel. For years, the United States was the main buyer of these products. But now, with tariffs impo
The trade war between the US and China took an unexpected turn. A quiet announcement revealed that certain products, including smartphones, would be spared from a massive 125% tariff. This code, "8517. 13. 00. 00, " might not mean much to most people, but it's a big deal in the world of customs. It
The world is watching as the United States and China are locked in a heated trade dispute. This isn't just about money. It's about power and influence. The U. S. has been pushing hard, slapping massive tariffs on Chinese goods. China has been fighting back, matching the U. S. move for move. The situ
The world economy is still standing after a week of intense trade tensions. President Donald Trump's extreme tariff threats were toned down, but significant duties remain. There is a 10 percent tax on almost all U. S. imports, a 25 percent tax on steel, aluminum, and cars, and a whopping 145 percent
In the world of business, companies are finding clever ways to pass on the cost of new tariffs to consumers. Some are being straightforward, while others are taking a more subtle approach. The reason for this? The current trade war has led to increased costs for imported goods, and businesses are lo
The trade conflict between the United States and China has created a confusing web of taxes on goods. These taxes, known as tariffs, can make products much more expensive. The rules keep changing, so it's hard to predict how much something will cost. Some items might face high tariffs, while others
The U. S. economy was in a tough spot. President Trump had thrown a wrench into global trade. He slapped huge tariffs on both friends and foes. This made for an unusual gathering of former Treasury secretaries. They usually welcome the new secretary with smiles and light chat. But this time, th
The mood among U. S. consumers has taken a nosedive. This is the fourth month in a row that sentiment has dropped. The latest figures show a sharp decline, with the University of Michigan’s consumer sentiment index hitting its lowest point since the COVID-19 pandemic. Over the past year, sentiment h
The global economy is on a wild ride. The tension between the United States and China is causing waves in the financial world. The latest move by China to raise tariffs on US goods to 125% sent shockwaves through the markets. The European markets felt the heat. The Stoxx Europe 600 index took a
The U. S. government recently shed light on a significant change in import taxes from China. The country now faces a minimum tariff of 145% on all goods entering the U. S. This figure is not a cap but a starting point. It is on top of other existing tariffs. The 145% figure is a combination of seve
