U.S. and China reached a surprise trade deal in Geneva, significantly reducing tariffs. Analysts lauded the agreement, exceeding expectations with a tariff reduction from 108.8% to 27%. This positive development is expected to boost risk-on sentiment, benefitting U.S. assets like stocks and the dollar. While the deal's longevity...
The U.S. and China issued a joint statement following a Geneva meeting, agreeing to ease trade tensions. Both countries will temporarily suspend some tariffs imposed in April 2025, reducing them by 24 percentage points for 90 days, maintaining a 10% rate. China will also lift non-tariff retaliatory measures....
US and China resumed tariff talks in Geneva, with President Trump claiming "great progress." However, China's official news agency expressed a firmer stance, rejecting proposals compromising core principles. The talks, shrouded in secrecy, aim to de-escalate trade tensions and stabilize global markets disrupted by high tariffs imposed by...
Trump's trade policies are negatively impacting US-Canada border towns. Canadian cross-border travel has plummeted by 17%, with car trips down almost 32%, hurting businesses reliant on Canadian tourism. Restaurants and duty-free shops are experiencing significant sales drops, as Canadians opt to "buy Canadian." This economic downturn follows...
A small business owner expresses outrage over increased costs due to tariffs, impacting packaging materials by 200%. The rising prices, coupled with e-commerce fees, threaten profitability. They blame the current administration's 'Buy American' policy, deeming it unrealistic and economically damaging for small businesses already struggling in a difficult economic...
The end of the "de minimis" rule in the US, allowing duty-free imports of packages under $800 from China, has sparked panic among online shoppers. President Trump's decision, supported by traditional retailers, aims to combat the influx of cheap goods and potential safety risks. Shoppers are rushing to buy...
Despite a decline from 19.6 million in 1979 to 12.7 million today, Americans still yearn for manufacturing jobs. This nostalgia is rooted in a romanticized past, overlooking past struggles for fair wages and unionization. Politicians from both sides champion bringing these jobs back, citing economic and national security...
China's April exports rose 8.1% year-on-year, exceeding expectations, driven by increased shipments to Southeast Asia. This growth offset a significant 21% drop in exports to the U.S. due to new tariffs. Imports to China fell slightly, defying predictions of a steeper decline. Experts attribute the export surge partly...
Fed Chair Jerome Powell directly blamed President Trump's tariffs for potentially causing stagflation – a combination of high inflation, slow growth, and high unemployment. The Federal Open Market Committee (FOMC) lowered its economic growth forecast and raised its inflation projection in March, anticipating the negative impact of trade barriers....
President Trump's proposed budget includes drastic cuts to scientific research funding, impacting NASA, the NSF, NIH, and other agencies. Economists warn these cuts, totaling billions, could severely hamper long-term economic growth. While some argue the private sector should fund basic research, many believe the government's role is irreplaceable. ...
