Business

15% Tariff on Polysilicon Aims to Bolster U.S. Solar, Chip Industries

President Donald Trump has implemented a 15% tariff on imports of products containing polysilicon, a critical component in the manufacturing of semiconductors and solar panels. Set to be enforced...

Court Ruling Spurs $100 Billion Refund of Trump-Era Tariffs, Impacting Economy.

The U.S. Supreme Court's recent decision has led to the government refunding around $100 billion in tariffs that...

Iran-US Tensions Propel Oil Market, Prices Climb Over 7%

The global oil market experienced a significant surge in prices, with Brent crude rising nearly 8% to around...

U.S. Applies 12.5% Tariffs on Australian Goods Amid Labor Concerns

The United States has introduced a new tariff of 12.5% on numerous Australian exports, citing concerns over Australia's...

Trade Tariffs Supported Amid Accusations of Inflationary Impact by Democrats

During a Senate hearing, U.S. Trade Representative Jamieson Greer staunchly defended the Trump administration's controversial tariff policy, countering...

Trump: Canadian Tariffs Driven by Trade Concerns, Not Wildfire Events

During a recent meeting with Lebanon's president, US President Donald Trump addressed the planned tariffs on Canadian imports, clarifying that these measures are not...

U.S. Imposes 50% Tariff on Canadian Imports, Impacting Trade Relations

In a move that has stirred economic discussions, US President Donald Trump has announced a significant 50% tariff on a wide array of Canadian...

US Allocates $500 Million for Taiwan Military, Boosting Defense Industry

In a significant move, the US House of Representatives has approved an appropriations bill that includes critical funding for Taiwan, amounting to US$500 million...

Energy Price Drop Temporarily Lowers US Inflation to 3.5% in June

The pace of inflation in the United States saw a deceleration in June, with the annual rate dropping to 3.5%. This decline was largely...

Apollo’s $7.3B Offer Initiates Competitive Acquisition for easyJet.

Apollo, a private equity firm based in the United States, has put forward a £5.7 billion bid to acquire the UK airline easyJet. This...

US Pressures German Pharma Sector Amidst Pricing Conflict

The United States has initiated an inquiry into the drug pricing system in Germany, contending that American patients and pharmaceutical companies are unfairly bearing...