China Halts Rare Earth Exports in Trade War Escalation In the midst of the ongoing trade war between the United States and China, a new development has emerged that has sent shockwaves through global markets. China, the world’s largest producer of rare earth elements, has announced a halt on its exports of these critical minerals. […]
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 […]
Tariffs Won’t Kill Fast Fashion, But They Might Kill Sustainable Fashion
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 Raises Charges on Small Parcels, Targeting Chinese Retailers
US Raises Charges on Small Parcels, Targeting Chinese Retailers In a recent move by President Trump, tariffs on small parcels that were previously exempt from taxes have been raised significantly to 90 percent. This decision has sent shockwaves through the retail industry, especially impacting Chinese retailers who heavily rely on shipping small parcels to the […]
US Forges Ahead With 104% Tariffs on China, Says Willing to Talk to Other Countries
US Forges Ahead With 104% Tariffs on China, Says Willing to Talk to Other Countries The trade war between the United States and China has escalated once again, with the US announcing a staggering 104% tariff on certain Chinese goods. This move comes as a bold statement from the Trump Administration, highlighting their commitment to […]
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, […]
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 […]
US trade war escalates with new tariffs and secondary duties
US Trade War Intensifies: Trump Prioritizes Auto Duties and Levies on Semiconductors and Pharmaceuticals The United States trade war continues to escalate as President Trump showcases a degree of flexibility on tariffs while doubling down on imposing additional duties on key industries. Amidst ongoing negotiations and tensions with major trading partners, the latest developments highlight […]
Nike Comeback Bid Is Threatened by Inventory Reset, Tariffs
Nike’s Comeback Bid Faces Challenges from Inventory Reset and Tariffs Nike, the iconic activewear brand, is currently facing a turbulent period as it navigates through a challenging landscape of inventory issues and tariffs. The company’s shares recently took a hit, dropping nearly 5 percent following a concerning statement made by CFO Matthew Friend during Nike’s […]
China accuses Taiwan of selling semiconductor industry to the US
The Escalating Tech War: Taiwan Denies Accusations of Selling Semiconductor Industry to the US In the ever-evolving landscape of global politics and technology, accusations and denials have become commonplace. The recent claim by China, accusing Taiwan of selling its semiconductor industry to the United States, has sparked controversy and raised concerns about the future of […]