Business

US Claims 38 Nations Facilitate Economic Loopholes for Chinese Goods Transit

The United States has raised allegations against 38 countries and the European Union, accusing them of participating in a covert network that facilitates the entry of Chinese goods subject...

Projected 2026 U.S. Deficit to Impact Economy: $2.1 Trillion Forecast

The United States is on track to see its federal budget deficit swell to approximately $2.1 trillion by...

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...

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 efforts to prevent products made with...

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 allegations that these tariffs have led...

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...