The US president announced 50% tariffs on this small African country, which depends largely on its exports to Washington and has already been severely affected by the dismantling of USAID, which financed its fight against HIV/AIDS
Analysts believe the crypto industry won’t be impacted by trade wars in the same way as other sectors
Investing in the US stock market has yielded significant long-term returns, but these gains are considerably diminished if the investor sells in a panic or in haste
In 2024, Washington’s deficit with Beijing reached nearly $300 billion, highlighting a persistent imbalance and America’s reliance on key products from the Asian giant
‘There are no winners in a tariff war,’ argues President Xi Jinping in his first remarks following the escalation of the trade war
The president’s backpedalling in response to market pressure reveals his limitations in pursuing an aggressive tariff war against the entire world
Volodymyr Zelenskiy denounces a plan to recruit fighters through social media and maintains that Beijing authorities are aware of it. Soldiers undergo training for about two months before joining the offensive
Inertia is not enough to counter the US president; he must be confronted before he causes further destruction
The 25% levy on steel, aluminum, and cars remain in place, as does the 10% universal rate on most imports
The blow to public debt was the final straw, following the market crash, internal criticism, and warnings from investors and business leaders
Countermeasures are beginning to take effect as taxes on imports from the Asian giant hit 125% while the trade war with the rest of the globe gets paused. The EU has also halted its counter-tariffs but warns they will go into effect if negotiations fail
The US president has excluded China from the tariff relief, raising duties on the country to 125%. Wall Street surged following the policy reversal
This is the first wave of retaliatory levies approved by member states against Washington’s tariffs on European goods. ‘Be cool! Everything is going to work out well,’ posted Donald Trump afterwards
Beijing insists it does not want a trade war, but warns Washington that it will not stand idly by
Investors are waiting anxiously for possible deals to end the tariff war, without losing sight of the growing signs of stress. Fears of a recession have triggered the biggest stock market falls since the pandemic
The economist Pau S. Pujolas co-wrote an article on how to win a trade war that the White House used as a reference to explain its tariff formula: ‘But there’s a huge gap between my study and what they’re doing’
US import levies are starting to be applied even as the president expresses openness to ‘tailored’ negotiations: ‘These countries are kissing my ass. They are dying to make a deal’
European markets rise nearly 2.5% after sharp declines, while US indices falter following a 104% tariff announcement on the Asian country
Big tech companies lead the losses, with €1.5 trillion cumulatively shed since Thursday from the Magnificent Seven’s market capitalization
Trumpism is inflicting severe damage on both his country and others. However, for Europe, it may present an opportunity to regain ground, restore vitality, and rebuild confidence in itself
The company manufactures vehicles in the US, Europe and China using regional suppliers, which will allow it to partially avoid the levies. But its extremely high valuation and poor sales performance have led to $750 billion losses in the stock market since December
Canada and Mexico account for half of all travelers to the US and will face a new 25% tariff. The new measures also impact the three countries with the highest growth in visitors in 2024: China, India, and Japan
Ukraine leads the way in unmanned vehicle innovation, but the invaders are advancing with weapons that have been key to their recapture of territory in Kursk
The president is using an unintelligible equation as a way to impose higher tariffs on the countries with which the United States has the largest trade deficit
Every crisis breeds its own monsters, and the Great Recession has left us with inequality. Donald Trump is the last link in that chain
The remote location near Antarctica only has birds, penguins, and seals on it, but it is now subject to a 10% levy on its exports
The Department of Commerce considered neither VAT nor non-tariff barriers, despite claiming to have used a sophisticated system of calculation for each country
