Trump reveals full tariff on semiconductors produced abroad, risking impact on local companies
Trump Proposes 100% Tariff on Chips and Semiconductors In an announcement on Wednesday, President Trump stated his intention to impose a 100% tariff on “all chips and semiconductors.” At an event in the Oval Office with Apple CEO Tim Cook, Trump said, “We’re going to put about 100% tariffs on chips and semiconductors.” He indicated […]
Gold prices for Wednesday, August 6, 2025: Gold starts above $3,400 before tariff deadline
Gold futures kicked off Wednesday at $3,434.90, marking a 1.6% increase from Tuesday’s close of $3,381.90. Prices for gold continued climbing in early trades, momentarily dipping after hitting a fresh weekly peak. Starting Thursday, many of Trump’s mutual tariffs will take effect, along with new tariffs on semiconductors and pharmaceuticals. Interestingly, financial markets seem to […]
Trump Cautions Europe About Possible 35% Tariff If They Don’t Follow Through
Trump Warns of Trade Tariffs with Europe President Donald Trump has issued a warning that Europe could face trade tariffs if he feels the European Union (EU) doesn’t uphold its promises regarding investment in the American economy. During an interview with CNBC, Trump stated he would impose a “35% tariff” if the EU violates their […]
USD/CHF increases as Swiss Franc weakens due to poor PMI and tariff worries
The USD/CHF increased by nearly 0.50% on Monday, breaking a two-day decline for the US dollar. Swiss CPI was projected to rise by 0.1%, following a 0.2% increase in July, but monthly inflation remained at 0.0%. The Swiss Manufacturing PMI dropped to 48.8, marking its fifth consecutive month of contraction and was somewhat unexpected. The […]
Trump’s tariff power move heads to the Supreme Court
The ongoing debate regarding President Donald Trump’s authority to impose tariffs without congressional approval is anticipated to reach the Supreme Court. The central issue revolves around whether Trump can invoke a 1977 emergency law to impose sudden tariffs on a wide array of countries engaged in business with the U.S. During a recent interview, trade […]
Bitcoin Increases Even with Trump’s Tariff Decisions; Ethereum and Dogecoin Also Improve: Analyst Recommends ‘Buy The Dip’ in August and Hold Until This Time – Grayscale Bitcoin Mini Trust
Despite ongoing worries about the president, major cryptocurrencies rallied alongside stock futures on Sunday. Cryptocurrency Gain +/- Price (recorded at 9:15pm ET) Bitcoin +1.52% $114,739.26 Ethereum +3.85% $3,544.28 Dogecoin +4.25% $0.2019 What happened: Bitcoin trading saw significant volume, even passing the $114,000 mark overnight. This upward movement followed a period of decline, where the leading […]
This top dividend stock is caught in tariff issues. Can reducing costs come to the rescue?
Global Drug Sector Faced with New Tariffs and Challenges The international pharmaceutical industry is feeling the pressure as countries consider imposing new tariffs on drug exports amid escalating trade tensions. These policy changes are complicating supply chains worldwide, pushing operational costs to new heights. Central to this evolving landscape is Merck & Company (MRK), a […]
Preview of Sunday shows: Trump’s economy echoes amid tariff uncertainty
This week, the economic situation under President Trump has stirred up quite a bit of concern, mainly due to uncertain tariffs, a disappointing jobs report from Friday, and the firing of Erica Mantelfer from the Bureau of Labor Statistics. The Department of Labor reported that the U.S. added a mere 73,000 jobs in July. To […]
Tariff Doubts Are a Minor Issue, Fed Deserves Praise for ‘Gentle Landing’
Sen. Kennedy Discusses Economic Outlook on Fox News During an appearance on Fox News Channel’s “America Reports,” Senator John Kennedy from Louisiana shared his perspective on the current state of the economy. He noted that while tariff uncertainties are “holding our economy down a bit,” he hasn’t observed any significant negative impacts. Additionally, he offered […]
Bitcoin and Ethereum Drop as Tariff Concerns Outweigh Rate Cut Hopes
Simply put The White House revealed new tariffs on Thursday. An unexpectedly cool employment report indicated a sluggish labor market. The likelihood of rate cuts in September increased significantly, from 37% to 83%. Bitcoin and other cryptocurrencies took a hit on Friday as investors reacted to the latest tariffs and the signs of a declining […]