In a surprising move, the leader of the United States, Donald Trump, signed an order on Monday to impose a 25% tax on steel and aluminum imports. This decision had a profound impact on Asia-Pacific markets. Many markets in the region showed resilience and even gains, brushing off the tariff news. A
Investors worldwide have been feeling the impact on stocks. A recent move has caused a stir and uncertainty on markets. Several key trading partners faced new tariffs over the weekend, including a 25% hit on goods from Mexico and Canada, with China also in the mix. Stock indexes reacted strongly to
Brussels is gearing up for a potential trade war with the USA. They are making sure to protect EU goods. They are ready to respond to any unfair tariffs imposed on the EU. France's leaders are pushing even harder for a strong comeback. They want a response that will have a real impact. Th
Tariffs. They're a big worry for many businesses, especially Tesla. The electric car giant is super reliant on parts from all around the globe. But that's a problem. The company's top money expert just warned that new tariffs might shrink the company's earnings. The company's CFO, didn't
Donald Trump just added two key players to his economic team. Jamieson Greer, a lawyer from Washington, has been chosen to be the new US trade representative. Greer is no stranger to trade policy; he used to work closely with Robert Lighthizer, who was the trade representative during Trump's first t
Former U. S. Treasury Secretary Steven Mnuchin has made it clear that he won't be a part of President-elect Trump's new administration. However, he's eager to share his insights with whoever takes over his old role. Mnuchin feels strongly about maintaining and improving the United States' trade poli
Tariffs can really slow down economic growth, making a country less rich than it could be. Free trade helps boost wealth by letting nations make things they're best at. The U. S. excels at making advanced planes, like those from Boeing, and high-tech chips, like ones made by Nvidia. Plus, it's cheap
Germany's finance minister, Christian Lindner, has a clear message: if the U. S. starts a trade war with the European Union (EU), Germany is ready to fight back. Speaking at the International Monetary Fund's annual meeting in Washington D. C. , Lindner said that trade disputes don't have winners, on
Treasury Secretary Janet Yellen is going to speak up against the idea of widespread tariffs, labeling them as a bad move. She'll be talking at the Council on Foreign Relations in New York City tomorrow afternoon. Just a few weeks before the election, voters care a lot about the economy. Trump's been
Have you ever wondered why some people love tariffs, while others hate them? It's all about perspective. Tariffs have been around since ancient times and were once a big way for governments to make money. But now, they’re not so popular. Many argue that removing trade barriers helps economies grow a
