Economy News

Economy

Trump Announces New US Tariffs Effective August 1, Impacting Global Trade Dynamics

President Trump confirms new US tariffs effective August 1, impacting global trade. Higher tariffs and potential trade agreements are on the horizon, with notifications to be sent ...

Economy

Bulgaria Set to Embrace the Euro in 2026: A Historic Milestone for the EU's Expansion

The European Council has finalized Bulgaria's adoption of the euro starting January 1, 2026, with a set conversion rate of 1.95583 lev per euro. The European Parliament's overwhelm...

Economy

EU Faces Economic Strain as Trade Uncertainties with the US Loom Over August Deadline

European Commissioner Valdis Dombrovskis discusses the impact of US-EU trade tensions on the economy, urging for a swift agreement before the August 1 deadline to alleviate uncerta...

Economy

US Unveils Bold Move to Block Chinese and Foreign Adversaries from Owning American Farmland

The US announces a ban on Chinese and other foreign adversaries from purchasing American farmland, introducing a National Farm Security Action Plan to reclaim and protect agricultu...

Economy

China's Strategic Export Shift: Dodging U.S. Tariffs Through Southeast Asia

Chinese firms are increasing exports to the U.S. via Southeast Asia to avoid high tariffs, leading to a significant shift in trade patterns reminiscent of the 2018 trade war.

Economy

President Trump Signals Flexibility on August 1 Tariff Deadline Amid Ongoing Negotiations

U.S. President Donald Trump shows willingness to adjust the August 1 tariff deadline, emphasizing openness to negotiations if countries present alternative proposals. This follows ...

Economy

Korean Economy Faces Challenges Yet Consumer Sentiment Shows Promising Recovery, KDI Reports

The Korea Development Institute reports a weakened Korean economy for the second month but notes a recovery in consumer sentiment due to government measures like consumption coupon...

Economy

Household Savings Soar to Historic 93 Trillion Won Amid Economic Slowdown in South Korea

South Korea's household surplus money hits a record 92.9 trillion won in Q1 2025, driven by economic downturn and decreased consumption. The household debt ratio to GDP also sees a...