by Sun Yulin | Nov 26, 2024 | Domestic, Economics, International Buzz, Politics
On the first day of his presidency, President-elect Donald Trump proposed sweeping tariffs that would drastically change U.S. trade relations with its top partners. In a series of Truth Social posts, Trump outlined plans to impose a 25% tariff on goods from Canada and...
by Sun Yulin | Nov 19, 2024 | Breaking News, Domestic, Economics, Politics, Products, Retail
As President-elect Donald Trump prepares to take office in January, his vow to impose heavy tariffs on imports has raised significant concerns among corporate leaders and economists alike. With Trump making tariffs a central pillar of his economic agenda, many...
by Leland Li | Nov 19, 2024 | Domestic, International Buzz, Market News, Politics
After a steep decline on Monday, U.S. stocks are making a slight recovery on Tuesday, as investors digest the latest developments in the ongoing geopolitical tensions between the United States and Russia. On Monday, the Dow Jones Industrial Average plummeted 400...
by Sun Yulin | Nov 7, 2024 | Domestic, Economics, Politics
U.S. President Donald Trump’s ambitious tariff proposal—calling for a universal 10% tariff on imports and a hefty 60% tariff on Chinese goods—may not be as severe as initially thought, according to a recent note from ratings agency S&P Global. The report...
by Disun Holloway | Sep 4, 2024 | Domestic, Economics, International Buzz
Steel stocks took a sharp hit as the White House prepares to block the $14.9 billion takeover of U.S. Steel by Japan’s Nippon Steel. President Joe Biden is expected to announce his decision to halt the acquisition soon, according to a report by The Washington...