GBP/USD steadies as investors look for clarity on tariffs again
The new tariff cycle under Trump seems to be weighing down GBP/USD’s performance. Trump has postponed the July 9 tariff deadline to August 1, insisting that no further delays will occur. Investors are predominantly anticipating future delays on tariffs. GBP/USD is grappling with challenges as it hovers around 1.3600. The market is responding to the […]
Cato Institute questions Trump’s emergency tariffs due to concerns about executive overreach
Cato Institute Challenges Trump’s Tariffs The Cato Institute has raised concerns that the federal government is overstepping its bounds by employing President Donald Trump’s emergency tariffs. They are expressing hope that the courts will intervene. In a recent Amicus brief, Cato argues that the administration has exceeded its authority under the International Emergency Economic Powers […]
Trump announces that the US will begin informing trade partners about tariffs reaching up to 70%
Tariff Notifications by Trump’s Administration President Trump announced that his administration will start notifying certain countries about unilateral tariffs set at 70%. “We will begin sending out letters to various nations tomorrow,” Trump told reporters late Thursday. “I think I might be making around 10 to 12 announcements tomorrow. I expect everything to be finalized […]
Wall Street is being careful with European stocks due to the potential risks from trade tariffs.
European stock markets are currently facing significant turbulence in 2025, with the Stoxx Europe 600 index increasing about 7% recently. This uptick seems to stem from investors shifting focus to Europe amidst ongoing political and valuation issues in the US market. However, some analysts are cautioning that this surge might be based on wobbly and […]
Merkel criticizes Trump and Vance over tariffs as a danger to our democracy.
Merkel Critiques Trump’s Tariff Policies Former German Chancellor Angela Merkel expressed her concerns on Wednesday regarding Europe’s response to President Trump and his tariff policies. She pointed out that Vice President Vance’s interpretation of “freedom” poses a significant threat to democracy, especially as she promotes her memoirs. Reflecting on a meeting with Trump in March […]
Study reveals tariffs are impacting consumers’ online shopping.
Impact of Tariffs on E-commerce and Consumer Behavior A recent report has shed light on how the Trump administration’s tariff policies are influencing e-commerce, particularly in the way people are choosing to shop online. The study by Alixpartners highlights that consumers are adjusting their purchasing strategies to navigate the implications of tariffs. In fact, a […]
Amazon Leader States Tariffs Haven’t Increased Prices, Challenging Critics’ Inflation Claims
Amazon CEO Discusses Impact of Tariffs on Prices Amazon CEO Andy Jassy stated on Monday that the newly imposed tariffs on Chinese goods have not significantly affected prices on the platform. This aligns with growing evidence suggesting that the recent trade measures have not led to the inflation spike that many economists and critics anticipated. […]
Powell indicates that the Fed postponed rate reductions because of concerns about inflation from tariffs.
Trump Writes to Powell About Interest Rates During a press conference on Monday, White House spokesperson Caroline Leavitt confirmed that President Donald Trump had sent a letter to Federal Reserve Chair Jerome Powell, expressing concerns about low interest rates in comparison to other countries. On Tuesday, the Federal Reserve announced it had decided to lower […]
Car sales drop sharply after rush to buy before tariffs: ‘The celebration is finished’
The US auto market is experiencing significant challenges, as automakers, dealers, and consumers are grappling with higher tariffs, increased prices, and growing economic uncertainty. After a brief uptick in sales during the spring months, the market stagnated in June, likely due to consumers pulling back on big purchases. Recent data suggests a dramatic decline in […]
Economist Art Laffer Explains Why Tariffs Do Not Lead to Inflation
Economist Art Laffer discussed tariffs on Fox Business, asserting that import taxes won’t lead to inflation, as the negative effects on prices would be balanced by reductions in export prices. After President Trump announced mutual tariffs with various countries on April 2nd, he later called for a 90-day “suspension” of these tariffs. On the show […]