April 2 – President Donald Trump unveiled a sweeping tariff package on Wednesday, introducing reciprocal tariffs against more than 180 countries. The announcement, made from the White House Rose Garden, marks one of the most significant trade measures in decades. Trump described the tariffs as “kind” but emphasized that they still do not fully match … Read more
WASHINGTON/TOKYO/BERLIN, March 27 – The latest decision by U.S. President Donald Trump to impose a 25% tariff on imported vehicles has triggered strong reactions from global leaders, intensifying tensions in an already fragile international trade environment. The move, set to take effect on April 3, is aimed at addressing the widening U.S. trade deficit, but … Read more
WASHINGTON/HOUSTON, March 24 – President Donald Trump has declared a new trade policy targeting Venezuela, stating that any country purchasing oil or gas from the South American nation will face a 25% tariff when engaging in trade with the United States. The announcement, made on Monday via Truth Social, is part of Trump’s broader strategy … Read more
Washington/Mexico City/Ottawa, March 6 – The United States has decided to grant Mexico a temporary exemption from the 25% tariffs that President Donald Trump imposed earlier this week. This exemption, which will last for one month, applies to goods covered under the United States-Mexico-Canada Agreement (USMCA). However, no similar relief has been announced for Canada … Read more
WASHINGTON, March 4 – The United States has officially launched a new wave of tariffs targeting its three largest trading partners—Canada, Mexico, and China—sparking global economic tensions and concerns over inflation. The newly imposed 25% tariffs on imports from Canada and Mexico, along with a sharp increase in tariffs on Chinese goods to 20%, came … Read more
WASHINGTON, March 3 -As the Tuesday deadline approaches, U.S. President Donald Trump is set to finalize the tariff levels on imports from Canada and Mexico, with decisions expected by Monday evening. The proposed tariffs include a 25% duty on all imports from both nations, with a separate 10% tariff specifically targeting Canadian energy exports. The … Read more
FEBRUARY 24 – Apple Inc. has announced plans to establish a large-scale factory in Texas by 2026, focusing on building artificial intelligence (AI) servers. The initiative is part of Apple’s broader strategy to expand its presence in the U.S., creating approximately 20,000 new research and development jobs across the country. This major investment aligns with … Read more
FEBRUARY 1 – U.S. President Donald Trump is set to sign an executive order on Saturday imposing new tariffs on imported goods from Mexico, Canada, and China, a move that could significantly impact global trade. The order includes a 25% tariff on imports from Mexico and Canada and a 10% tariff on Chinese goods, potentially … Read more
ZURICH, Jan 11 – Ueli Maurer, former Swiss Finance Minister, voiced his concerns about the sheer size of UBS following its acquisition of Credit Suisse. Maurer warned that UBS, with its expanded operations, might now be too large for Switzerland, posing significant risks to the financial system. UBS’s balance sheet has ballooned to approximately $1.7 … Read more
Russia’s automotive market experienced remarkable growth in 2024, with sales of new passenger cars rising by an impressive 47% compared to the previous year. A total of 1.55 million units were sold, according to data released by the Russian Ministry of Industry and Trade. This growth reflects a significant recovery for the market, which has … Read more