Economy News

Economy

Trump Urges Immediate Rate Cuts by Fed Chair Powell Amid Economic Success Claims

President Donald Trump advocates for Federal Reserve rate cuts during a meeting in Scotland, comparing US policies with global strategies and emphasizing the economic benefits of s...

Economy

Thailand and US Set to Revive Trade Negotiations Amid Tariff Dispute

Thailand's acting Prime Minister announces the resumption of trade talks with the US, amid disputes over tariffs, following a ceasefire agreement with Cambodia.

Economy

South Korea's Bold Move: 'Make American Shipbuilding Great Again' Initiative to Strengthen US-Korea Ties

South Korea has proposed the "Make American Shipbuilding Great Again" project to the U.S., featuring massive investments and financial support, aiming to boost the U.S. shipbuildin...

Economy

U.S. to Unveil Semiconductor Tariffs in Two Weeks, Commerce Secretary Announces

U.S. Commerce Secretary Howard Lutnick announces semiconductor tariffs to be revealed in two weeks, aiming to bring production back to the U.S. and impacting global trade.

Economy

South Korea's Tax Burden Hits Eight-Year Low: A Deep Dive into Economic Shifts and Policy Reforms

South Korea's tax burden rate has hit an eight-year low at 17.6%, prompting debates on tax policies. The government plans to adjust taxation, including raising corporate taxes, ami...

Economy

EU and U.S. Strike Historic Deal: 15% Tariff on Automobiles, Exclusions for Steel and Pharmaceuticals

The EU and U.S. have agreed on a 15% tariff rate for all items, including automobiles, with exceptions for steel and pharmaceuticals. The deal includes significant EU investments i...

Economy

EU Secures $750B Energy Deal with US Over Three Years to Reduce Russian Dependence

The European Union has agreed to a $750 billion energy deal with the US, payable over three years, to reduce its dependence on Russian LNG. This deal promises more affordable energ...

Economy

EU-US Trade Deal Unveiled: 15% Tariff on Cars, Semiconductors, and Pharmaceuticals

European Commission President Ursula von der Leyen outlines the new EU-US trade deal, introducing a 15% tariff on cars, semiconductors, and pharmaceuticals, and zero tariffs on str...