Switzerland’s Gold Export Surge Highlights Its US Trade Dilemma Switzerland, known for its picturesque landscapes and precision watches, has found itself in a trade dilemma with the United States, and the spotlight is now on its gold industry. The intricate relationship between the two countries has been further complicated by Switzerland’s surge in gold exports, […]
Under Armour Forecasts Downbeat Second-Quarter Sales
Under Armour Forecasts Downbeat Second-Quarter Sales Under Armour, the Maryland-based sportswear maker, is facing yet another challenge as it forecasts downbeat second-quarter sales. The company has been grappling with a decline in demand over the past two years, and its efforts to revive the business have been further hampered by the Trump administration’s shifting tariff […]
Asia Factory Outlook at Lowest Since Pandemic on Trump Tariffs
Asia Factory Outlook at Lowest Since Pandemic on Trump Tariffs Manufacturers in Southeast Asia are facing a challenging landscape as they navigate through uncertainties surrounding trade tariffs imposed by the Trump administration. Despite recent improvements in output, the overall sentiment towards future growth in the region has dampened significantly, reaching its lowest point since the […]
Trump Says Pharmaceutical Tariffs Could Reach 200%
Trump’s Bold Move: Pharmaceutical Tariffs Could Soar by 200% In a bold and unprecedented move, the Trump administration has set its sights on the pharmaceutical industry, contemplating the imposition of tariffs that could skyrocket to a staggering 200%. This drastic action comes on the heels of an investigation launched in April, with the administration citing […]
Asian Economies in Rush to Cut Tariff Deals
Asian Economies in Rush to Cut Tariff Deals In the face of soaring tariffs imposed by the Trump administration, Asian economies are scrambling to secure beneficial trade agreements to safeguard their manufacturing sectors. Countries like Bangladesh, Cambodia, and Thailand have found themselves in a precarious position as they navigate the complexities of global trade dynamics. […]
Tech mogul Elon Musk announces new political party, signals further departure from Trump
Elon Musk Announces New Political Party, Signals Further Departure from Trump Tech mogul and world’s richest man Elon Musk has announced the creation of a new political party, signaling a notable departure from his previous support of the Trump administration. Musk, known for his ventures in companies like Tesla, SpaceX, and Neuralink, revealed his plans […]
Trump Tariffs Can Stay in Effect Longer, Appeals Court Says
Trump Tariffs Can Stay in Effect Longer, Appeals Court Says In a recent development that can have significant implications for the US economy, the US Court of Appeals has granted an extension for the Trump administration to maintain its tariffs. This decision comes as a win for President Trump, whose administration has been actively pushing […]
‘Adviser out’: Elon Musk announces his exit from Donald Trump administration
“Adviser out”: Elon Musk Announces His Exit from Donald Trump Administration Elon Musk has officially announced that his time working with the Trump administration is coming to a close. The billionaire entrepreneur, known for his ambitious projects such as Tesla and SpaceX, had been serving as an advisor to President Donald Trump on economic issues. […]