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News & Articles By Cassie B.
03/11/2025
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By Cassie B.
Canada refuses to lift tariffs despite Trump’s postponement
Canada maintains $30 billion retaliatory tariffs on U.S. goods despite Trump delaying 25% duties on Canadian and Mexican imports to protect the U.S. auto industry. Incoming Canadian PM Mark Carney vows to uphold tariffs until the U.S. shows “respect” and commits to fair trade practices. Trump postponed tariffs after U.S. automakers warned of economic fallout, […]
03/06/2025
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By Cassie B.
India braces for Trump’s reciprocal tariffs as U.S. seeks fair trade deals
President Trump announced reciprocal tariffs on India and other nations, effective April 2, targeting unfair trade practices. India faces vulnerability due to its trade surplus with the U.S., with sectors like chemicals, automobiles, and agriculture at risk. Indian officials are negotiating concessions, including tariff reductions on U.S. imports, but resist lowering agricultural tariffs to protect […]
03/05/2025
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By Cassie B.
Trump imposes tariffs on Mexico, Canada, and China to combat fentanyl crisis
President Trump imposed 25% tariffs on Mexican and Canadian imports and 10% on Chinese goods to combat fentanyl trafficking. Canada and Mexico announced retaliatory tariffs, escalating trade tensions with the U.S. China responded with a 20% tariff increase, further destabilizing global markets. The White House framed the tariffs as a “drug war” to protect American […]
03/04/2025
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By Cassie B.
Trudeau escalates trade war with U.S., imposes 25% tariffs on $155 billion in American goods
Canada imposes 25% tariffs on $155 billion of U.S. goods in retaliation for Trump’s tariffs on Canadian imports, citing fentanyl concerns and trade imbalances. Trudeau calls U.S. tariffs “unjustified,” warning they will harm both economies and disrupt a successful trading relationship. Canada’s tariffs will roll out in two phases, targeting goods like coffee, wine, steel, […]
02/22/2025
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By Cassie B.
Trump’s DOGE reforms hit D.C. hard, but nation’s job market remains strong
Washington, D.C., is currently dealing with a surge in unemployment claims due to federal layoffs under the Trump administration. The Department of Government Efficiency has saved $55 billion in its first month by cutting “non-essential” positions. D.C. jobless claims have risen from 2,014 to 5,455 in four weeks, potentially leading to a mild recession in […]
02/18/2025
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By Cassie B.
Argentine president Javier Milei faces impeachment over $107 million crypto scandal
Argentine President Javier Milei faces impeachment risk after promoting a cryptocurrency that collapsed, losing 94% of its value. The token?s plunge follows an $107 million liquidity siphon by insiders, leaving investors with nearly worthless tokens. Milei’s critics and opposition lawmakers accuse him of enabling a scam, questioning his judgment and demanding accountability. This is not […]
02/17/2025
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By Cassie B.
South Korean banks halt silver bar sales amid global and domestic uncertainty
South Korean banks halt silver bar sales due to surging demand, following a similar suspension of gold bar sales earlier this year. Rising global economic uncertainties and domestic political instability are driving investors toward safe-haven assets like gold and silver. Major banks, including KB Kookmin and Shinhan, are affected, with supply chains overwhelmed by the […]
02/12/2025
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By Cassie B.
Trump’s reciprocal tariffs aim to level trade playing field for U.S. workers
President Trump plans to impose reciprocal tariffs on countries charging duties on U.S. imports, aiming to protect American industries and workers. The strategy seeks to level the playing field by matching foreign tariff rates, incentivizing trading partners to lower their tariffs. Critics warn of potential inflation and trade wars, but supporters argue it could boost […]
02/10/2025
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By Cassie B.
Trump announces 25% tariffs on steel and aluminum to protect U.S. industries
President Trump announces 25% tariffs on steel and aluminum imports to protect U.S. industries. Tariffs are part of Trump’s broader strategy for fair trade, with reciprocal tariffs planned to address imbalances. U.S. steel and aluminum stocks surge, with predictions of increased domestic manufacturing and job creation. Trump cites national security concerns, arguing that domestic production […]
02/02/2025
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By Cassie B.
London gold market faces shortage and prices soar as Trump tariff fears spark U.S. stockpiling
A surge in gold deliveries to the U.S., driven by fears of potential tariffs under Trump, has caused a shortage in London, the world’s largest gold trading hub. Gold prices hit a record high of $2,800.99 per ounce, fueled by safe-haven demand amid fears of economic disruptions from tariffs. Logistical challenges in moving gold globally, […]
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