Trump’s Tariffs and GDP Disrupt Markets, ETFs Suffer: Crypto Daybook Americas
Market Overview: Crypto and Economic Insights Recent data shows that the Coindesk 20 Index has dropped by about 5%, which isn’t great news for crypto enthusiasts. Over the last 24 hours, major cryptocurrencies like Bitcoin (BTC) are hovering around $109,418.12, while Ethereum (ETH) stands at approximately $3,975.34, just under a 2% decline. Looking at altcoins, […]
Trump reveals new tariffs on medications, furniture, and large trucks starting October 1.
On Thursday, President Trump revealed a series of product-specific tariffs that are slated to go into effect on October 1. These tariffs include a requirement for manufacturers to produce plant-free drugs within the United States. These tariffs, which represent Trump’s commitments to countries globally, could face significant backlash, particularly concerning drug imports. Many experts are […]
How Investors Became Comfortable with Tariffs
The trade war has officially ended The significant tariff anxiety of 2025 is over. Back in April, many professional investors feared that tariffs would ruin the global economy. In fact, eight out of ten money managers participating in Bank of America’s Global Fund Manager Survey stated that “The trade war will cause a global recession.” […]
Lawmakers intend to present a bipartisan proposal to remove tariffs on coffee as prices rise.
Lawmakers are planning to propose a bipartisan bill aimed at exempting coffee from the tariffs implemented during President Trump’s administration. The legislation, crafted by Representatives Don Bacon (R-Nebraska) and Ro Khanna (D-California), would remove tariffs on coffee, coffee shells, and certain other beverages. This comes in response to the tariffs that have been in place […]
Europe plans to impose tariffs and sanctions on Israel due to the conflict in Gaza.
EU Diplomats Call for Tariffs and Sanctions on Israel On Wednesday, senior diplomats from the European Union urged member states to come together and impose tariffs estimated at $166 million on Israeli goods. They also discussed sanctions targeting supporters of Israeli Prime Minister Benjamin Netanyahu amid the ongoing conflict in Gaza. Kaja Karas, the EU’s […]
Whirlpool claims competitors are getting around Trump’s tariffs.
Whirlpool has accused competitors of misrepresenting the value of appliances imported from abroad to bypass tariffs set during the Trump administration. Companies like Samsung, LG Electronics, and GE Appliances have started to significantly reduce the prices of items such as washing machines and stoves since June. According to a report, for instance, a gas range […]
Tariffs and tax reductions clash in the newest CBO forecast
Economic Impact of Tariffs and Tax Cuts Recent projections suggest that the tariffs instituted by President Trump alongside significant tax cuts from the GOP will have differing effects on the economy. According to the latest reports from the Congressional Budget Office (CBO), there’s an anticipated increase in economic volatility for the remainder of 2025. While […]
Trump’s tariffs might push almost 1 million Americans into poverty, according to a study.
Study Links Trump’s Tariffs to Increased Poverty Rates A recent study suggests that Trump’s tariffs could push about a million Americans into poverty, as import taxes disproportionately affect low-income households. Yale’s Budget Lab estimates that if these tariffs remain after the upcoming Supreme Court ruling, the number of Americans living in poverty could rise by […]
Cutting wasteful spending in Washington will balance the budget, not tariffs.
Tariffs and the Federal Deficit: A Republican Dilemma In June, the federal government recorded a slight improvement in the deficit. But in July, it surged by nearly 20%, a phenomenon attributed to tariffs, despite increased tax revenue from imports. A number of protectionists are now advocating for tariffs as a solution to the deficit problem. […]
Trump urges the EU to impose tariffs as high as 100% on China and India for purchasing Russian oil
Trump Urges EU to Impose Tariffs on China and India In a recent development, President Trump has urged the European Union to impose tariffs as high as 100% on China and India due to their purchases of Russian goods. This move aims to exert economic pressure on the Kremlin, as outlined by a well-informed source. […]