Trump's threat to slap tariffs on Canada and Mexico didn't really stick. Pushing back against the idea of trade war, Trump himself stepped back from the brink. If you look at the whole situation, the administration quickly backtracked from its tough talk. Mexico and Canada, to avoid tariffs, they
Tariffs have been in the spotlight. The stock market reacted to the news of tariffs on Monday. The S&P 500 dipped 0. 6% during midday trading, while the Dow Jones Industrial Average and Nasdaq composite saw a 0. 1% and 1% loss respectively. Asian and European markets, howe
A significant shift in trade policy has occurred, as new tariffs have been imposed on Mexico, Canada, and China. The move, announced at a club in Florida, aims to curb drug trafficking and illegal immigration. However, this decision might lead to higher prices for everyday items, from avocados to ca
The recent plan to slap tariffs on Mexico and Canada might end up making your groceries cost more. Picture this: a world where avocados from Mexico and dairy from Canada become pricier at the grocery store. That’s because the US depends on these neighbors for many everyday food items. Let’s break i
A massive wave of changes was announced concerning trade and economy. Headlines were grabbed after Donald Trump had declared that a fresh series of tariffs were imminent. The targets were countries like Mexico, China and Canada. Focusing on specific products, including chips, oil and gas, the aim wa
Imagine you are a consumer at a supermarket and the price of your favorite snacks suddenly skyrockets. You might ask, what is going on? Well, the U. S. is planning to impose a 25% tax on goods from Canada and Mexico, which could drive up prices of many items, from gasoline to avocados. This move, wh
In 2018, President Trump shocked the world by imposing tariffs on steel and aluminum from many countries. This decision was made under Section 232 of the Trade Expansion Act, which allows the President to protect national security by controlling imports. Given that the defense industry is one of the
Investors are playing it safe as they wait for more details on President Trump's tariff plans. The Dow Jones Industrial Average slipped slightly on Friday, but it's still looking at a big gain for the week. Meanwhile, the S&P 500 and Nasdaq were barely moving. Business activity slowed in January, b
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
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
