The U.S. July Personal Consumption Expenditures (PCE) report reveals rising service prices, further fueling concerns about inflation. President Trump’s tariffs continue to impact businesses across various sectors. While […]
US Truck Manufacturing Shifts South to Escape High Tariffs
The $50 billion US truck industry is facing financial strain due to steep tariffs on raw materials under Section 232 of the Trade Expansion Act. Manufacturers are seeking […]
Trump Threatens Tariffs on Digital Taxes, Potentially Disrupting Global Tech Industry
President Donald Trump has warned of imposing new tariffs on countries implementing digital taxes on US tech companies. This move, announced through his Truth Social account, could significantly […]
India-U.S. Trade Talks Proceed Despite New Tariffs
Despite the imposition of new tariffs tied to Russian oil imports, India’s trade negotiations with the U.S. remain active. Indian officials have prioritized agricultural and small business interests […]
Canada Drops U.S. Tariffs: A Move to Ease Trade Tensions Amidst U.S. Review
Canada announced a significant move to ease trade tensions with the U.S., dropping tariffs on billions of dollars worth of goods previously levied as retaliation against U.S. protectionist […]
Powell Emphasizes Temporary Tariff Impact and Stable Economy
Federal Reserve Chair Jerome Powell addressed market expectations regarding tariffs’ impact on prices, stating they are temporary and considered a reasonable baseline scenario. He highlighted the stable unemployment […]
US and EU Reach Trade Deal with 15% Tariffs
The United States and the European Union have finalized a trade agreement, implementing 15% tariffs on certain EU goods while establishing a $750 billion investment framework. The deal […]
SuiPlay0X1 Shipments Halted Due to High Tariffs
Mysten Labs, the developer of the SuiPlay0X1 crypto gaming handheld, has halted shipments due to unexpectedly high import tariffs reaching 50% in some countries. This unexpected surge in […]
US-EU Agreement: Tariffs Reduced on Autos and Steel, Economic Ties Strengthened
The US and the European Union have reached an agreement to reduce tariffs on European automobiles and explore potential new discounts for steel and aluminum. The announcement made […]
US-EU Trade Deal: 15% Tariffs and $750 Billion Investment Signed
The United States and the European Union have reached a landmark trade agreement, including 15% tariffs on selected goods and services. The deal also comes with a massive […]
U.S. Tariffs Cripple Bitcoin Mining, Push Companies to Relocate
A recent surge in U.S. tariffs on Bitcoin mining rigs has triggered significant liabilities for companies like CleanSpark and IREN, raising concerns about the sector’s economic competitiveness. These […]
Federal Reserve Minutes Underscore Tariff Influence on Commodity Prices
Recent Federal Reserve meeting minutes highlight a greater influence of tariffs on commodity prices, as participants acknowledge this increased effect. Nevertheless, the full economic impact of tariffs on […]
Crypto Market Volatility Under Pressure: Tariff & Inflation Concerns Fuel Downturn
The recent downturn in the cryptocurrency market is fueled by complex factors, including tariffs, inflation, and central bank policies. This article explores how these influences have contributed to […]
U.S. Enhances Steel and Aluminum Tariff List with 407 Product Categories
The U.S. Department of Commerce recently implemented a significant expansion to its steel and aluminum tariff list, encompassing 407 product categories. The new tariffs will apply a 50% […]
Trump Tariffs: Court Weighs Declared Unconstitutional, Potential Refunds for Importers
A federal appellate court is reviewing a decision that declared former President Donald Trump’s tariffs unconstitutional, with potential implications for importers and the US economy. If upheld, this […]