Prices in the US are going up. In June, the cost of living rose by 0. 3%, making the yearly increase hit 2. 7%. This is the highest it's been in four months. Experts expected this rise, especially because gas prices went up. But it's not just gas. Other goods are getting more expensive too, thanks t
The US has slapped a 17% tariff on Mexican tomatoes, a move that could make your pizza and salsa more expensive. Why? The US claims Mexican tomatoes are being sold too cheaply, hurting local farmers. But Mexico says their tomatoes are just popular because they're good. This isn't the first time the
The EU is planning to retaliate against the US with tariffs on a range of products. This includes aircraft, cars, machinery, chemicals, plastics, medical devices, electrical equipment, and industrial goods. The total value of these goods is less than previously proposed, at around €95 billion. The
Europe is in a tough spot. The U. S. just dropped a big surprise: 30% tariffs on European goods. This isn't just about cheese or leather. It's about a lot of stuff, from electronics to medicine. And it's not just Europe. Mexico is in the same boat. European leaders are meeting to figure out what to
The US is planning to hit the European Union and Mexico with a 30% tax on their goods starting August. This news comes from President Trump, who shared the update on his social media platform. He also sent similar messages to other countries, warning them about even bigger taxes if they fight back.
Coffee lovers in the US might soon pay more for their favorite brew. Why? Because of a big change in trade rules. The US president recently said they will add a huge tax, or tariff, on coffee from Brazil. This news made coffee prices jump right away. Brazil is the biggest coffee maker in the world.
Markets were on shaky ground Thursday morning. The Dow and S&P 500 futures were down, while the Nasdaq was looking at a small gain. This came after President Trump dropped a big announcement late Wednesday night. He said the U. S. would slap a 50% tariff on Brazilian goods starting next month. This
President Trump made a bold promise in April: 90 deals in 90 days. But as the deadline passed, only two trade agreements were signed. The administration's aggressive tactics have left the global trading system in a state of uncertainty. Businesses are hesitant to make decisions, waiting for clarity
In a surprising move, President Donald Trump hinted at a massive 200% tariff on imported pharmaceuticals. This announcement came during a cabinet meeting, catching many off guard. The president mentioned that these tariffs could be implemented soon but gave a grace period of about a year and a half.
Fourteen countries got a wake-up call from the U. S. They have until August 1 to make a deal. If not, they'll pay more to sell their stuff to America. The U. S. is playing hardball. They say, "Make a deal or pay more. " But if these countries fight back with their own taxes, the U. S. will hit them
