On May 8, 2025, U.S. President Donald Trump and British Prime Minister Keir Starmer announced a new trade deal between the two countries. However, this deal is limited, meaning it does not cover everything. The most important thing to know is that Trump’s 10% taxes (called tariffs) on British goods will remain. The deal does …
Ford has increased the prices of some of its vehicles made in Mexico. The reason for this price hike is the new tariffs imposed by the US government. These tariffs make it more expensive for Ford to bring these vehicles into the US. As a result, the company has decided to pass some of these …
Donald Trump has announced that the US will impose a 100% tax on movies made outside the country. He says Hollywood is being destroyed because many filmmakers are choosing to shoot in other countries like the UK and Canada. Trump posted on his Truth Social platform, saying, "It is, in addition to everything else, messaging and …
A group of 76 major shoe companies including well-known brands like Nike, Adidas and Skechers have come together to send an urgent letter to former U.S. President Donald Trump. These footwear giants are pleading for relief from the extremely high import taxes currently being placed on shoes coming into America. The companies warn that these …
President Donald Trump has introduced a new budget plan that aims to cut $163 billion from government spending. This proposal follows ideas suggested by billionaire Elon Musk and a group called the Department of Government Efficiency (DOGE). The cuts would affect many areas, including environmental programs, education, foreign aid, and healthcare. However, many of these …
The US job market is still doing well, but experts worry that new trade policies might create trouble in the future. In April, companies kept hiring workers, and the unemployment rate stayed at 4.2%. However, President Donald Trump’s changing trade rules are making businesses nervous, which could hurt the economy later. Job Growth Slows Slightly:According …
Tesla has strongly denied a recent report claiming that its board was looking to replace Elon Musk as the company’s CEO. The Wall Street Journal had published an article saying that some board members had contacted headhunters to find a new leader for the electric car company. However, Tesla’s chair, Robyn Denholm, called the report …
The United States economy has surprised experts by shrinking in the first three months of 2025. This marks a worrying slowdown, especially since the country had been growing steadily at the end of 2024. The latest report from the US Commerce Department shows that the economy contracted by 0.3% in the first quarter, a sharp …
A new report has found that if former President Donald Trump’s plan to impose heavy tariffs on imported medicines goes through, Americans could end up paying an extra $51 billion every year for their medications. The report warns that drug prices might shoot up by as much as 12.9 percent if these tariffs are put …
Marks & Spencer, a well-known retail chain, has officially apologized to its customers after a recent cyberattack caused delays in some of its services. The company confirmed that the incident affected its operations in both the United States and other regions, leading to temporary issues with Click and Collect orders and in-store payments. Many shoppers …
The U.S. government is thinking about lowering the taxes it charges on goods imported from China. These taxes, called tariffs, were increased under former President Donald Trump to make Chinese products more expensive in the U.S. Now, officials are discussing whether to bring them down to a range of 50% to 65%, according to sources …
Vietnam is taking strong steps to prevent businesses from cheating when exporting goods to the United States. The government wants to stop companies from wrongly labeling products to avoid high taxes. A new order from Vietnam’s trade ministry shows that officials are now checking more carefully to make sure exports are truly made in Vietnam …
The US dollar has dropped to a three-year low following intensified attacks by Donald Trump on Federal Reserve chair Jerome Powell and sweeping tariff announcements. The greenback’s slump has sent shockwaves through financial markets, while gold surged past $3,500 per ounce as investors rushed to safe-haven assets. The sudden drop in the dollar triggered a …
Former US President Donald Trump has once again attacked Jerome Powell, the Chairman of the Federal Reserve, demanding that he cut interest rates right away. In a post on his social media platform, Truth Social, Trump called Powell a "major loser" and warned that the US economy could slow down if interest rates are not …
