The three-month lull in Donald Trump's global trade war is coming to an end, and the news for the American president leaves much to be desired. BBC observer Alexei Kalmykov explains what went wrong in the tariff battles. Trump introduced a tax on…
The sweeping tariffs imposed by President Donald Trump have left many Americans stunned. The list of companies that have announced price increases as a result of these measures is also disappointing, CNN reports. Among the tariffs imposed by Trump, the basic rate is 10% on most imported goods and…
The US economy posted its worst quarterly performance since 2022, as President Donald Trump's significant policy shifts have rattled consumers and businesses, CNN reports. Gross domestic product, which measures the value of all goods and services produced in the economy, fell in…
The White House says President Donald Trump believes the U.S. has the manpower and resources to make iPhones domestically. Analysts say that's impossible. How much would a made-in-the-U.S. iPhone cost, CNBC reports. When President Barack Obama asked…
President Donald Trump announced a complete three-month suspension of all “reciprocal” trade tariffs, effective midnight April 9, except for tariffs on China. The president had previously said that the historically high tariffs were here to stay, CNN reports. The huge tariffs on China,…
President Donald Trump intends to impose tariffs of 8% on all Chinese goods on April 9, White House press secretary Caroline Levitt said on April 104. The move adds new trade taxes to those in place before Trump's second term, according to…
The head of the new US administration's Office of Trade and Manufacturing Policy invented a fictitious economist who preached about the benefits of a "tariff war." NPR and The Wrap tell us how the fake character became the ideologist of the new economic policy. Peter Navarro, who heads the White House Office of Trade and Manufacturing Policy,…
The global trade war, started by US President Donald Trump with massive tariffs, escalated on Monday. Trump threatened to increase tariffs on Chinese goods, and the European Union proposed retaliatory measures, Reuters reports. Financial markets around the world posted losses for the third day in a row. Investors…
It’s understandable that the turbulence on Wall Street is taking a toll on your investments, and that’s a cause for concern. But be careful not to make hasty financial decisions, The Washington Post warns. The stock market has taken a spectacular dive after President Donald Trump announced massive tariffs,…
Americans tired of inflation will soon find themselves paying more for a variety of goods. The reason is President Trump’s imposition of new trade tariffs, CBS News reports. The new tariffs were imposed on April 2. Trump called the date “liberation day” because he believes…