Economy News

Economy

US Imposes Hefty 104% Tariffs on China Amid Trade Dispute, Sparks Global Market Concerns

The US has announced a 104% tariff on Chinese goods in response to China's 34% tariff on US products, escalating trade tensions. Confusion arose over the exact timing of the tariff...

Economy

ECB's de Guindos Alerts: US Tariffs May Spark a Full-Blown Global Trade War

ECB Vice President Luis de Guindos warns that new US tariffs could escalate into a full-blown trade war, highlighting the adverse effects on global markets and the shift towards ec...

Economy

ECB's Simkus Advocates for a 25-Point Rate Cut in April to Ease Monetary Policy

ECB's Gediminas Simkus urges a 25-point rate cut in April to adopt a less restrictive monetary policy, citing U.S. tariffs as a catalyst. A 50-point cut is deemed excessive, with f...

Economy

March Sees a Dip in US Small Business Optimism, NFIB Reports Below Average Figures

The NFIB reports a decline in US small business optimism in March, with the index falling below the 51-year average. Key concerns include taxes and labor quality, while sales expec...

Economy

Ukraine Strengthens European Ties with Groundbreaking EFTA Free Trade Agreement

Ukraine has signed a landmark free trade agreement with the European Free Trade Association (EFTA), enhancing economic ties and paving the way for deeper integration into European ...

Economy

Bill Ackman Advocates for Strategic Delay in Trump's Tariffs to Avert Global Economic Turmoil

Billionaire investor Bill Ackman supports President Trump's tariff strategy but recommends a 30 to 90-day delay to allow for negotiations and prevent global economic disruption, hi...

Economy

President Trump to Sign Groundbreaking Executive Order Revitalizing the U.S. Coal Industry Today

President Donald Trump is set to sign an executive order aimed at bolstering the U.S. coal industry, emphasizing affordable, reliable, and clean coal as key to American energy and ...

Economy

European Automotive Giants Call for Immediate Response to US Tariff Threats

European automotive leaders met with the European Commission to discuss the adverse effects of US tariffs on trade and supply chains, urging quick action on competitiveness measure...