Trump Tarrifs
Trump Tariffs Allowed to Stay in Place by Appeals Court
A federal appeals court has granted the White House a temporary reprieve, allowing President Donald Trump’s tariffs on global imports to remain in place. The decision comes after a lower court ruled that Trump overstepped his power by imposing the duties without sufficient input from Congress. The tariffs, a key component of Trump’s agenda, have […]
Feds Warns of Weakening Job Market Due to Trump’s Tariffs
The Federal Reserve has expressed concerns about the US job market weakening substantially due to President Donald Trump’s erratic trade war policies. According to the central bank’s latest policy minutes, economists have revised up their projections for inflation this year and lowered their expectations for economic growth. “The labor market was expected to weaken substantially,” […]
EU Vows to Defend Interests After Trump Threatens 50% Tariffs
The European Union has pledged to defend its interests following a threat from US President Donald Trump to impose a 50% tariff on goods from the 27-member bloc. EU’s top trade official, Maros Sefcovic, stated that he spoke with US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick on the issue, emphasizing the EU’s […]
Bank of England Cuts Interest Rate Amid Trump’s Tariffs
The Bank of England has cut its key interest rate by a quarter point to 4.25% amid concerns over US President Donald Trump’s planned tariffs, which threaten to weaken economic growth. This decision follows the Federal Reserve’s move to freeze US borrowing costs and the European Central Bank’s rate cut last month. According to Bank […]