Tag: Global trade tensions
Trump proposes 50% tariff on EU, rejects trade deal with bloc
President Donald Trump went on a Twitter rant on Friday, spewing about his frustrations with the European Union and threatening to slap them with a hefty 50% tariff starting June 1. According to Trump,...
Tech Sector Feels Impact of Tariffs: Earnings Report
So, like, there's this whole thing going on with two big tech companies, right? Picture this: Apple CEO Tim Cook is in the middle of some fancy ceremony for President Trump and Vice President...
Europe’s Automakers Prepare for Tariffs: Ferrari CEO Shares Countermeasures
Europe's Automakers Face Uncertainty Amid U.S. Tariff ThreatsAs the global automotive industry braces for potential U.S. tariffs on European automakers, the chief executive of Ferrari, Benedetto Vigna, unveiled the company's strategy to navigate the...
Mitigating Potential North American Tariffs: GM’s Strategy Against ‘Chaos’
General Motors (GM) CEO Mary Barra recently unveiled a strategic plan to combat potential tariffs imposed by President Donald Trump on imports from Canada and Mexico. Barra expressed confidence in GM's ability to mitigate...
Top Stocks Hit by Trump’s Tariffs: GM, Chipotle, Canada Goose
President Donald Trump's recent executive order on tariffs has sent shockwaves through the U.S. stock market, causing major fluctuations in various industries. As tensions rise with key trade partners like China, Canada, and Mexico,...
Gold and Crude Oil Prices Surge Amid Middle East Tensions – What to Expect...
Gold and oil prices have seen a significant surge recently due to escalating tensions in the Middle East. The increase in tensions began during the US session yesterday with airstrikes in Lebanon and Tehran...