When will the US Durable Goods Orders data be released and what impact might it have on EUR/USD?
US Durables Order Data Overview The US durable goods orders report for July is set to be published today at 12:30 GMT. Analysts expect to see a decline in new orders—around 4%—which is a noticeable drop from June’s 9.3% increase. This data reflects the value of orders placed with manufacturers producing long-lasting goods. Variations in […]
Two Unremarkable Hardware Stores Were Shields for Stolen Goods
Authorities revealed this week that two hardware stores near Los Angeles were actually fronts for extensive cargo theft operations, stealing products from trains, trucks, and container ships. In law enforcement lingo, a “fence” refers to someone who deals in stolen goods, acting as a go-between for thieves and buyers to obscure the origins of the […]
Canada removes tariffs on US goods, reaching out to Trump
Canada Eases US Tariffs to Improve Trade Relations Prime Minister Mark Carney has decided to eliminate Canadian tariffs on a wide array of American goods, aiming to ease tensions with the Trump administration. During a cabinet meeting on Friday, Carney announced the rollback of a 25% tariff on numerous consumer products from the US, aligning […]
Trump’s Tariff Approach Focuses on Physical Goods Rather Than Financial Assets
The New “Trading Economy” President Donald Trump’s tariff approach goes beyond simply raising import fees. It’s more about attracting foreign investments. With initiatives like chip factories in Arizona and battery plants in the southeastern states, international companies are committing billions to tap into the vast American consumer market. This concept—what some are calling the new […]
Embassy employee charged with hiding cocaine in duty-free goods before bringing it into New York
Staff members at the U.S. Embassy in the Dominican Republic are facing charges for attempting to smuggle cocaine into New York by concealing it among tax-free products. These included bottles of Johnnie Walker whiskey, Marlboro cigarette cartons, and chocolate pie snack boxes, according to federal prosecutors on Wednesday. Jairo Eliezer Arias Caceres, 35, has been […]
Trump warns of a 35% tax on Canadian goods due to the fentanyl crisis
Trade Tensions Between U.S. and Canada The discussion on “The Big Money Show” recently highlighted Canada’s ongoing trade situation as the White House prepares to resume negotiations with the country. Back in August, President Trump proposed introducing a hefty 35% tariff on goods from Canada. His rationale? He accused Canada of not doing enough to […]
A change in tax-free rules for low-cost goods is affecting air shipments to the US from China.
Air freight volumes from Asia have dropped significantly since the US ended its tax exemption for low-value packages coming from China, as noted by trade groups and analysts. According to data from the International Air Transport Association, demand for air freight from Asia to North America decreased by 10.7% in May compared to the previous […]
Men selling sex and baked goods: How your taxes are being spent
Budget Director’s Controversial Testimony on Foreign Aid On June 25, after the House approved a significant $9.4 billion bailout package, White House Budget Director Russell Vought appeared before the Senate Approvals Committee. His main points were not just about the funding but also aimed at addressing what he characterized as misleading practices in foreign aid. […]
Well-known home goods retailer At Home declares bankruptcy, blaming Trump’s tariffs.
A well-known home goods retailer has filed for bankruptcy, with its CEO pointing to “an evolving trade environment” influenced by President Trump’s tariffs affecting the retail sector. This Dallas-based company operates 260 stores across 40 states but has indicated that it will continue regular operations throughout the Chapter 11 bankruptcy proceedings. Backed by the private […]
Trump warns of imposing 50% tariffs on European goods
WASHINGTON – On Friday, President Trump indicated he might impose a 50% tariff on all products from the European Union starting June 1. He criticized the EU, emphasizing that it was primarily created to exploit the US in trade and has proven very challenging to negotiate with. On April 9, Trump announced a 90-day suspension […]