US and China Make Progress in Trade War Negotiations, Trump Confirms Following Beijing’s Response In a bid to put an end to the ongoing trade tensions between the United States and China, President Donald Trump revealed to reporters that significant progress had been made during talks held on Thursday. The discussions aimed to address the […]
Trump threatens new tariffs within weeks
Trump Threatens New Tariffs Within Weeks President Trump’s latest move in the ongoing trade war saga has sent shockwaves through the global market. The threat of new tariffs being imposed within weeks looms large, leaving many nations scrambling to secure trade deals to avoid a potential economic disaster. The current tariff relief, which has provided […]
Trump Floats ‘Substantial’ China Tariffs Cuts in Trade Deal
Trump Considers ‘Substantial’ China Tariffs Reductions in Trade Agreement In recent developments regarding the ongoing trade negotiations between the United States and China, President Donald Trump has hinted at the possibility of significant tariff cuts as part of a potential trade deal. The President stated on Tuesday in Washington that “It will come down substantially […]
Russia plans to add cryptocurrency terms to the criminal code
Russia Plans to Add Cryptocurrency Terms to the Criminal Code Russia is gearing up to make significant changes to its legal framework by adding cryptocurrency terms to the criminal code. This move comes as the country aims to regulate the burgeoning crypto market and address the challenges posed by digital currencies. Legal experts have suggested […]
Shein and Temu to Raise Prices in Response to Tariffs
Shein and Temu to Raise Prices in Response to Tariffs Shein and Temu, two prominent players in the fast-fashion industry, have recently announced their decision to increase prices in response to tariffs. The move comes as a response to the economic challenges brought about by the tariffs imposed on imported goods. Customers of both retailers […]
China freezes rare earth exports, choking global tech and defense supply chains
China Freezes Rare Earth Exports, Choking Global Tech and Defense Supply Chains The U.S.-China trade war has entered a dangerous new phase of geopolitical arm-twisting. On April 2018, China’s Ministry of Industry and Information Technology announced plans to limit the export of rare earth elements, crucial components in the manufacturing of high-tech products like smartphones, […]
Trump Sees ‘Transition Problems’ With China Tariffs at 145%
Trump Sees ‘Transition Problems’ With China Tariffs at 145% President Trump has once again made waves in the economic realm with his recent declaration regarding the China tariffs, stating that they could potentially reach a staggering 145%. During a Cabinet meeting on Thursday, Trump acknowledged that such a significant increase in tariffs could lead to […]
Nike, Lululemon Rebound as Trump Touts Call With Vietnam Leader
Nike and Lululemon Surge as Trump Highlights Positive Call with Vietnam Leader In the world of business, especially in the realm of manufacturing and retail, partnerships and relationships with other countries play a crucial role in success. Recently, shares in prominent companies with significant manufacturing operations in Vietnam, such as Nike and Lululemon, experienced a […]
Explainer: How Trump’s Tariffs Threaten Luxury Fashion
Explainer: How Trump’s Tariffs Threaten Luxury Fashion The recent shifts in US trade policy under the Trump administration have sent shockwaves through various industries, and luxury fashion is no exception. While it may seem like increased tariffs won’t significantly impact retail prices immediately, the ripple effects on the global economy and consumer sentiment could pose […]
Trump Tariff Shock Stings Bangladesh, Sri Lanka Garment Giants, May Help India
Trump Tariff Shock Stings Bangladesh, Sri Lanka Garment Giants, May Help India The global economy is a complex web of interconnected markets, where decisions made in one part of the world can have far-reaching consequences for others. Recently, the imposition of a 37 percent tariff on garment imports by the Trump administration has sent shockwaves […]