On April 2, dubbed “Liberation Day” by President Trump, the U.S. will impose new “reciprocal” tariffs on imports, escalating trade tensions with key partners.
While countries like China, Mexico, and Canada are already expected to be hit hardest, many European and Asian economies will likely see a huge impact, prompting global warnings of retaliation, trade wars and a global economic slowdown.
All posts by Deena Zaidi
The Fed keeps interest rates unchanged as inflation “remains somewhat elevated”
Posted on Author Deena ZaidiPosted in Banking News, Inflation, United States of America, World Economy
The Federal Reserve keeps its interest rate unchanged, maintaining its target range at 4.25% to 4.5%. When the Fed sets a target for interest rate, it commits itself to adjusting the money supply. To lower the Fed Funds rate, the Fed’s bond trades buy government bonds, increasing the money supply which in turn lowers the…
Canada’s retaliatory tariffs set to take effect as Trump stands firm on trade policy
Posted on Author Deena ZaidiPosted in Markets, United States of America, World Economy, World economy, World trade
Canada hits back with tariffs as Trump moves forward with 25% tariff on two of its largest trading partners-Canada and Mexico.
US-EU: Trade War Looms as Trump threatens 25% Tariff on Imports from EU
Posted on Author Deena ZaidiPosted in Europe, Inflation, United States of America, World Economy, World trade
The European Union (EU), America’s third-largest trading partner, retaliates after Trump unveils a 25% tariff on EU imports, a move that could drive inflation and escalate global trade tensions.