Federal Reserve Chair Jerome Powell has voiced his concerns regarding the significant economic impact of recently announced tariffs. He emphasized that sustained tariff increases could fuel inflation and […]
China and U.S. Commence Trade Talks to Reduce Tariffs
Recent developments indicate that the United States and China have initiated discussions to resolve their long-standing trade dispute, with a focus on mitigating the negative impacts of imposed […]
Ford Responds to Tariffs with Price Hikes on Mexico-Produced Vehicles
Ford Motor Co. has announced price increases for three models manufactured in Mexico – the Mustang Mach-E, Maverick, and Bronco Sport – due to tariffs imposed by the […]
EU Plans Response to U.S. Tariffs Announcement
The European Union (EU) will soon respond to the US tariffs announced earlier. The EU Commission is expected to unveil its next steps in a formal statement on […]
Trump Imposes Tariffs on Imports from 17 Nations, Disrupting Global Trade Negotiations
President Trump announced tariffs on goods imported from 17 countries, excluding China, marking a strategic shift in U.S. trade policy. The move aims to address existing trade imbalances […]
UK-US Trade Pact Aims to Lower Car & Steel Tariffs
A new trade agreement between the United Kingdom and the United States is nearing completion, with a key focus on reducing tariffs on British car and steel exports. […]
UK and US Finalize Trade Deal to Reduce Tariff Quotas
The UK and US have reached an agreement on easing tariff quotas for steel and auto exports, aiming to shield British goods from 25% tariffs imposed by the […]
Dow Jones Drops as Tariff Fears Resurface
Stock markets saw a rebound on Tuesday, May 6th following last week’s declines. However, renewed concerns over tariffs weighed heavily on the market, resulting in significant losses for […]
Ford CEO Warns of Tariff Impact, Sees Opportunity for Growth Amidst Uncertainty
Jim Farley, CEO of Ford Motor Company, has confirmed that tariffs will remain in place for at least the next three years. The company anticipates incurring billions in […]
U.S. Economic Agenda Makes Progress: Tariffs Reduced, IRS Budget Cut
U.S. Treasury Secretary Janet Besent is highlighting progress on President Trump’s economic agenda, citing significant tariff reductions as evidence of success. In addition, the Department has reportedly saved […]
Canadian Manufacturers Face Trade Shift as US Tariffs Impact Global Markets
Canadian manufacturers are strategically expanding their trade networks as U.S. tariffs under President Trump disrupt longstanding economic ties. Companies across the country are seeking new partners in Asia, […]
Trump Tariffs Drive Up Wedding Dress Costs, Impacting Small Businesses
Rising costs due to Trump’s 145% tariffs on Chinese imports are hitting U.S. wedding dress retailers hard. Small stores already reeling from the pandemic now face increased prices […]
Trump Advocates for Trade Policies and Lower Interest Rates
Former President Donald Trump remains vocal in his push for trade policies that prioritize domestic revenue generation, advocating for tariffs and urging the Federal Reserve to lower interest […]
China Calls for US Trade Sincerity as Tariff Negotiations Loom
China emphasizes the need for genuine commitment during trade talks with the United States. Key takeaways include China’s insistence that any negotiation must address unilateral tariff increases and […]
Market Cheers Positive Employment Data Amid Tariff Uncertainty
Relief swept through the financial markets today as U.S. employment data surpassed expectations, according to BlockBeats reports. Despite lingering anxieties about an impending recession, investors seem poised for […]