Smartphones, computers and other electronics are exempted from the growing tariffs trade offensive by the Trump administration. A notification released late Friday night by the US Customs and Border Protection Office said a host of popular high -tech products for American consumer will not be subject to tariffs and will buffer the public from the…
Acting President Han Duck-soo of South Korea held his first phone conversation with U.S. President Donald Trump on Tuesday, breaking days of diplomatic silence following the stunning ouster of President Yoon Suk Yeol, whose abrupt imposition of martial law last year plunged the country into political turmoil. The call marked the first direct communication between…
U.S. stocks roared back on Tuesday, staging a dramatic rebound fueled by hopes that the White House might soften its stance on tariffs after President Trump announced that Japan would dispatch a delegation for trade talks. Investors, rattled by fears of a deepening global trade war, found a glimmer of optimism in signs that negotiations…
Goldman Sachs has sharply raised its estimate for the likelihood of a U.S. economic downturn within the next year to 45%, citing tightening financial conditions and growing uncertainty over economic policy. The revised forecast — up from 35% — underscores the potential impact of President Donald Trump’s tariff measures, which have disrupted trade flows and…
Global equities extended their sharp decline on Friday after China unveiled a new wave of retaliatory tariffs against the United States, deepening concerns over a full-blown trade war and its economic repercussions. Beijing announced a 34% tariff on a wide range of American goods, prompting another market selloff that capped one of the worst weeks…
Israeli Prime Minister Benjamin Netanyahu is expected to meet U.S. President Donald Trump on Monday to discuss the recently announced tariffs. This impromptu visit, as reported by three Israeli officials and a White House official, could mark the first by a foreign leader to negotiate a deal to remove tariffs. The surprise invitation by Trump came during…
President Donald Trump’s sweeping 10% tariff on all imports has sent shockwaves through the global economy, rattling financial markets, disrupting trade norms, and sparking consumer panic across the United States. The tariff—applied unilaterally at U.S. seaports, airports, and customs facilities—marks a dramatic departure from the decades-old framework of negotiated trade agreements. Kelly Ann Shaw, a…
Berkshire Hathaway denies Warren Buffett endorsed President Trump’s economic policies, as suggested in a viral video. The false endorsement claims surfaced after Trump’s tariff announcement led to a $2.5 trillion loss on Wall Street. Despite market turmoil, Buffett’s year-to-date profit remains at $23.4 billion. In a strong rebuttal, American multinational Berkshire Hathaway has categorically refuted…
April 5, 2025 — Leading global economists and brokerages are warning that the U.S. economy is on the brink of a recession, triggered by the sweeping reciprocal tariffs announced by former President Donald Trump. As the trade war escalates, the economic outlook for the world’s largest economy has darkened considerably. In a sobering revision, JPMorgan…
