Tariffs Won’t Kill Fast Fashion, But They Might Kill Sustainable Fashion In recent years, the fashion industry has been undergoing a transformation. With sustainability and ethical practices at the forefront of many brands’ agendas, there has been a notable shift towards a more conscious way of producing and consuming fashion. However, with America’s escalating trade […]
US stock markets lose $11 trillion since February amid tariff concerns
The Impact of Trump’s Tariff Policy: US Stock Markets Shed $11 Trillion Since February Since February, the US stock markets have been experiencing a tumultuous period, with a staggering $11 trillion wiped out due to President Trump’s tariff policy. The ongoing trade tensions between the United States and its major trading partners, particularly China, have […]
China Retaliates Against Trump in Trade War With 34% Tariffs on US Imports
China Retaliates Against Trump in Trade War With 34% Tariffs on US Imports China’s recent decision to impose a 34% tariff on US imports marks a significant escalation in the ongoing trade war between the two economic giants. This move is a direct response to the tariffs imposed by President Donald Trump on Chinese goods, […]
World’s most complex 2D, one-nanometre thick semiconductor chip developed in China
World’s Most Complex 2D Semiconductor Chip Unveiled in China Scientists in China have developed the world’s most complex two-dimensional (2D) semiconductor microprocessor, which is set to revolutionize the tech industry. This groundbreaking achievement showcases China’s prowess in semiconductor technology and solidifies its position as a global leader in innovation. The newly developed semiconductor chip is […]
Trump Signs Order Ending Duty-Free Treatment for Cheap Shipments From China
Trump Signs Order Ending Duty-Free Treatment for Cheap Shipments From China In a bold move aimed at leveling the playing field for American businesses, President Trump recently signed an order to close the trade loophole known as “de minimis.” This loophole has long been exploited by companies like Temu and Shein, allowing them to benefit […]
Trump’s Tariffs to Take Immediate Effect, White House Says
Trump’s Tariffs: Immediate Impact on Global Trade The world of international trade is once again bracing itself for turbulence as President Trump’s administration announces the immediate enforcement of global tariffs. White House press secretary Karoline Leavitt confirmed the news on Tuesday, indicating that the repercussions of this decision will be swift and far-reaching. Tariffs have […]
Canada to Announce C$29.8 Billion in Retaliatory Tariffs on US, Official Says
Canada to Announce C$29.8 Billion in Retaliatory Tariffs on US, Official Says In the midst of an escalating trade conflict between Canada and the United States, the Canadian government has announced a bold move to impose C$29.8 billion in retaliatory tariffs on American goods. This decision marks a significant escalation in the ongoing trade dispute […]
New Cambridge school to explore AI’s economic impact
Exploring the Economic Impact of AI: University of Cambridge Launches New Academic Department The University of Cambridge, known for its academic excellence and cutting-edge research, is once again at the forefront of innovation. With the launch of a new academic department dedicated to exploring the economic impact of artificial intelligence (AI), the prestigious institution is […]
OECD and WTO joint report highlights economic impact of data regulation and advocates balanced approach
The Economic Impact of Data Regulation: Insights from OECD and WTO In the digital age, data has become the lifeblood of economies worldwide, fueling innovation, driving productivity, and transforming industries. However, the regulation of data flows and the growing trend of data localization have raised concerns about their potential economic impact. A recent joint report […]
South Korea reviews trade response as Trump plans new tariffs
South Korea Reviews Trade Response as Trump Plans New Tariffs Government officials in South Korea have recently found themselves at a crossroads, deliberating on the best course of action in response to President Trump’s proposed new tariffs. With the potential for significant economic and diplomatic challenges looming, the stakes are high for the East Asian […]