Cryptocurrencies Nosedive 48 Hours After Rally As Tariffs Take Effect
The cryptocurrency market fell on Tuesday just two days after the surge as investors were in charge of President Donald Trump's tariffs to enable tariffs in Canada and Mexico. The value of digital assets rose sharply after Trump announced the “crypto-strategic reserve” Sunday. He said it includes Bitcoin, Ethereum, XRP, Solana and Cardano. Those profits […]
Mexico’s president vows retaliation for Trump tariffs: ‘Nobody wins’
MEXICO CITY – Mexican President Claudia Sinbaum said Tuesday that there is no justification for President Trump's 25% tariffs on imports from Mexico, and that her government will respond with tariffs and non-tariff measures. “There is no reason, theoretical or justification to support this decision that affects our people and our nation. Trump's tariff actions […]
Trump wants to ‘level the playing field’ with tariffs: Goldman Sachs CEO
Goldman Sachs CEO David Solomon called Trump's tariffs in Canada and Mexico an effort to “level the playing field,” but said trade policy has sparked careful attention among fellow business leaders. The harsh 25% tariffs on North American neighbours and the 20% collection in China came into effect Tuesday after Trump agreed to a one-month […]
Mexico’s president says ‘nobody wins’ with Trump tariffs, vows retaliation
Constellation Research founder R 'Ray' Wang discusses a Taiwanese semiconductor manufacturer that announces a $100 billion investment in the US and explains why he is not buying dips in the market. Mexican President Claudia Sinbaum said “no one wins” with the new 25% tariffs on goods from her country in the Trump administration, adding that […]
Mexico will respond with retaliatory tariffs after Trump action, Sheinbaum says
Mexican President Claudia Sheinbaum said he will announce retaliatory tariffs on Sunday in response to President Trump, who has implemented 25% tariffs on goods from Mexico. She announced at her daily press conference Tuesday that she would be announcing her plans to convene her supporters in Zocaro, Mexico City, the day the tariffs came into […]
Target CEO warns of price hikes on produce in coming days following Mexico tariffs
According to Target's chief executive, Americans can expect to pay higher prices in the coming days for agricultural products such as strawberries, bananas and avocados imported from Mexico as Trump's tariffs. The Minneapolis-based retailer warned that new tariffs and economic uncertainty will put pressure on first-quarter profits as consumers continue to take over their spending. […]
Get your new smartphone now before tariffs impact the price
Podcast host Josh Holmes explains President Donald Trump's plans to go to social media to implement tariffs and weighs after discussing Elon Musk's remarks at the first cabinet meeting. Some of President Donald Trump's tariff presidents came into effect Tuesday, including the latest collection of imports from China. Imports from China, the leading producer of […]
Trump tariffs on Canada, Mexico raises risks, tough choices for businesses
US businesses are enduring the impact of President Trump's new tariffs on Canadian and Mexican goods. After months of threats and deadlines, Trump said Monday it would proceed with implementing a 25% import tax on goods from Canada and Mexico. The new tariffs, scheduled to take effect Tuesday, will mark a dramatic turning point in […]
Gold (XAU) Silver (XAG) Daily Forecast: U.S. Tariffs and Market Volatility Impact Precious Metals – FX Empire
The US Dollar Index (DXY) rose to 104.20, rising to the highest level in two weeks, putting pressure on priced goods. Meanwhile, the US's 10-year financial yield rose to 4.35%, further reducing the appeal of gold. Despite market volatility, silver is stable Unlike gold, Silver (XAG/USD) showed resilience, trading at $31.68 with a daily high […]
Chipotle says company will swallow increase in costs from tariffs
According to Chipotle's top executives, the Tex-Mex fast food chain has no plans to pass the tariffs on its customers. Scott Boat Light, CEO of the company, He told NBC on Sunday “Night News” That Chipotle menu price remains intact despite the fact that the cost of the product is expected to rise if and […]