Economy

Asia is reeling from Trump's tariff salvo – is anyone winning?

Asia is reeling from Trump’s tariff salvo – are there any winners?

The economic landscape across Asia is experiencing heightened uncertainty following the latest wave of tariff threats from former U.S. President Donald Trump. The aggressive stance on trade, which has long been a hallmark of Trump’s economic policy, is once again casting a shadow over international markets, supply chains, and diplomatic relations. As tensions rise, observers are questioning whether any party truly stands to benefit from this escalating trade friction.At the heart of the matter is Trump’s renewed focus on imposing tariffs as a means of addressing what he perceives as imbalances in the global trading system. In particular, Asian economies—many…
Read More
Trump threatens 35% tariffs on Canadian goods

Trump pushes for 35% tariffs on Canadian goods

In recent remarks that have drawn significant attention from political analysts, business leaders, and international observers, former U.S. President Donald Trump has raised the prospect of imposing a substantial tariff—up to 35%—on goods imported from Canada. The proposal, though not yet formalized into policy, has already sparked conversations about the potential impact on the longstanding economic relationship between the two neighboring countries.Trump, recognized for his aggressive stance on global trade while in office, indicated that these tariffs would be designed to safeguard American industries and laborers. His statements demonstrate a persistence of the protectionist discourse that was a hallmark of…
Read More
Brazil vows to match US tariffs after Trump threatens 50% levy

Brazil commits to matching US tariffs in wake of Trump’s 50% levy warning

In a move that underscores the persistent tensions in global trade relations, Brazil has announced its intention to introduce reciprocal tariffs in response to recent threats from former US President Donald Trump to impose a significant 50% levy on certain Brazilian goods. The announcement marks the latest development in a series of economic maneuvers that have tested the relationship between two of the Western Hemisphere’s largest economies.The controversy began when Trump, speaking at a campaign event, revived a long-standing grievance concerning what he describes as unfair trade practices by Brazil. In his remarks, Trump specifically referenced imbalances in trade and…
Read More
Hasbro’s CEO warns that toy prices could start to rise in the fall because of tariffs

Fall toy prices at risk of rising, says Hasbro’s CEO, citing tariffs

The international toy market might experience an increase in expenses shortly. Hasbro, among the largest toy producers worldwide, has indicated that buyers may experience rising toy prices later this year due to newly suggested tariffs. The CEO of the company recently expressed worries that intended adjustments to trade policies could directly affect production costs, which could eventually be transferred to consumers.The potential for price increases arises at a moment when the toy industry, similar to other areas of consumer products, is still dealing with the intricate dynamics of a changing global market. Hasbro, recognized for creating some of the world's…
Read More
Livvy Dunne says she was 'denied' from buying Babe Ruth's old apartment

Livvy Dunne reveals she was ‘denied’ from purchasing Babe Ruth’s old apartment

Olivia "Livvy" Dunne, a well-known gymnast and social media personality, recently expressed her dissatisfaction after being unable to buy an apartment that was once the residence of the legendary baseball figure Babe Ruth. This incident has captured public attention not just because of the historical importance of the property, but also due to Dunne's increasing fame and her new venture into the real estate market.Dunne, known for her athletic achievements as well as her massive online following, revealed in a candid interview that she had been eager to acquire the apartment, which holds a special place in sports history. The…
Read More
Trump promised 200 deals by now. He’s gotten 3, and 1 more is getting very close

Trump aimed for 200 deals by now—delivered 3, and 1 is almost ready

When former President Donald Trump first entered office, he made bold promises about reshaping the global trade landscape through an ambitious series of agreements that he claimed would benefit the United States and restore its position as a dominant economic power. He pledged that his administration would secure as many as 200 new or revised trade deals, signaling a dramatic shift from previous policies that he frequently criticized as unfavorable to American interests. However, as time has passed, the reality of these commitments has fallen significantly short of initial expectations.To date, the former president has secured only three substantial trade…
Read More
Ramaphosa opposes Trump's 30% tariff on South Africa

Ramaphosa disputes Trump’s 30% tariff on South Africa

South Africa’s President, Cyril Ramaphosa, has publicly expressed his opposition to the proposed 30% tariff on South African goods, recently announced by former U.S. President Donald Trump. The tariff proposal, which forms part of a broader economic strategy linked to trade realignments, has raised concerns not only within South Africa but also among global trade observers who fear its potential impact on international relations and emerging market economies.The suggested tariff, focused particularly on exports from South Africa to the United States, aligns with Trump's persistent narrative highlighting national priorities and safeguarding American businesses. The former president has justified the decision…
Read More
US delays higher tariffs but announces new taxes for some countries

US defers tariff rise, announces new taxes for specific countries

The United States has announced a decision to delay planned increases in tariffs on a range of imported goods while simultaneously unveiling new tax measures targeting specific countries. The move reflects the ongoing complexities of international trade relations as the U.S. government continues to balance domestic economic priorities with shifting global dynamics.The delay in raising existing tariffs offers temporary relief to several key trading partners and industries, many of which had expressed concerns over the potential economic fallout of higher import duties. At the same time, the decision to impose new taxes on certain countries underscores the administration’s continued focus…
Read More
Wall Street is calling Trump’s bluff

Wall Street questions Trump’s bluff

In the intricate and continuously evolving realm of international finance, trust frequently holds comparable worth to physical assets. Over the past few months, financial markets, especially in the United States, have exhibited indications of doubt regarding former President Donald Trump's recent economic warnings and policy declarations. It seems that investors, analysts, and institutions are responding less intensely than in prior years, indicating that Wall Street might not view Trump’s economic statements as literally anymore.El vínculo cambiante entre el liderazgo político y los mercados financieros destaca cómo la percepción, experiencia y las condiciones económicas globales pueden influir en el comportamiento de…
Read More
Stocks are at record highs as Wall Street faces major tariff test

Wall Street approaches major tariff test as stocks hit record highs

Global financial markets are currently experiencing a notable rise, with key U.S. stock indices reaching new heights. Nonetheless, this surge is about to encounter a challenge as Wall Street gets ready to tackle the unpredictable landscape of upcoming tariff talks that might influence economic progress in the near future.In the past few weeks, growing investor confidence has propelled the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite to record levels. This optimism is fueled by strong corporate earnings, consistent consumer spending, and careful optimism regarding the Federal Reserve's strategy on interest rates. However, beneath this positive exterior, rising worries…
Read More