Nancy Pelosi strongly supported tariffs before Donald Trump came into the picture. Trump is accomplishing what Pelosi dreamed of achieving nearly three decades ago. In 1996, on the House floor, Representative Nancy Pelosi (D-CA) gave a speech highlighting America’s trade imbalance with China. “How far does China have to go? How much more repression? How […]
China is the world’s largest car producer and exporter. A little-known fact is that China first became the world’s largest car exporter back in 2023, with low-cost EV companies BYD and Chery in the spotlight. The nation’s auto sector has been steadily expanding since then, with Chinese brands reaching an all-time high of 69.4% of […]
European Union leader Ursula von der Leyen has proposed a zero-for-zero-tariff deal with the United States after the EU was hit with a 25% tariff on steel and aluminum, followed by another 20% levy. The 27-nation bloc will be unable to agree on this proposal, especially since Donald Trump declared that a zero-for-zero deal is […]
China imposed a 34% retaliatory tariff on all US goods that will go into effect on April 10. Trump hit China with a 34% tariff in addition to the 20% levy implemented earlier in the year, marking up all Chinese exports by 54%. China is not taking matter lightly, and in addition to tariffs, has […]
How did the Trump Administration come up with these tariff rates? Why would a nation like Madagascar, for example, with a small economy, be hit with a 47% tariff? Reciprocal tariffs were determined based on America’s trade deficit with other nations. They took each nation’s trade surplus with the US by total exports and divided […]
Tariff concerns have heightened to such an extreme level that China and Japan are discussing deepening ties. Donald Trump may be awarded a Nobel Peace Prize for that one. Japan and China, along with South Korea, held their first trade discussions in half a decade where they agreed to navigate US tariffs. One of the […]
The United Arab Emirates committed to one of the largest foreign direct investment pledges after agreeing to invest $1.4 trillion in the United States over the next decade. Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser and a key figure in the Gulf nation’s economic strategy, met with President Donald Trump last […]
American businesses are losing confidence in the US economy under Trump due to the tariff wars. CNBC’s CFO Council quarterly survey for Q1 2025 learned that America’s top CFOs are increasingly pessimistic about the economy due to these “disruptive” and “aggressive” tariff policies. Around 60% of respondents believe the US will fall into a recession […]
Fed Chair Jerome Powell said he expects inflation to be “transitory,” a word reminiscent of America’s situation three years ago when the Fed repeatedly urged the public to underplay inflation as it would improve. Conditions did not improve, as we later learned, and the Fed will have a hard time convincing the markets that this […]
Deputy Economy Minister Taras Kachka threatened European Union leaders that there will be consequences to pay if they fail to extend Ukraine’s duty-free access to the European market. The European agriculture sector in particular has been punished by this trade deal as they cannot compete with Ukraine’s lower priced goods. Kachka warned that the nations […]
