Nintendo has postponed U.S. pre-orders for its long-awaited Switch 2 console, originally scheduled for April 9, as it evaluates the potential impact of the latest round of U.S. tariffs especially on Vietnam, where it shifted its base five years ago from China. “Pre-orders for Nintendo Switch 2 in the U.S. will not start April 9,…
The European Union is poised to slap retaliatory tariffs on up to $28 billion (€25 billion) worth of U.S. imports within days, escalating trade tensions with Washington following sweeping new duties from President Donald Trump. Reuters reports the bloc will target a wide range of American products — including meat, cereals, wine, wood, clothing, chewing…
Enter any Supermarket, you will find all food prices shooting up. Food industry analyst Phil Lempert estimates that about 40,000 items — nearly half of all supermarket products — may be impacted by new tariffs, either directly or through ingredients. The tariffs, part of President Trump’s push for reciprocal trade, aim to counteract what he…
China’s latest retaliatory move in the deepening trade conflict with the United States has dealt a major blow to American farmers, with soybean exports at the epicenter. The new tariffs, unveiled Friday, include sweeping 34% duties on all U.S. imports, effectively pricing out a large swath of American agricultural products from the Chinese market. Brazil,…
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…
Rising fears over an escalating trade conflict sent shockwaves through global financial markets this week, triggering sharp declines across equities, heightened volatility in currencies and bonds, and growing concern over economic stability. On Wall Street, a key measure of market anxiety — the Cboe Volatility Index (VIX) — soared to its highest closing level in…
A recent farm show in Regina, Canada witnessed many farmers hesitant to buy new equipment like tractors and harvesters, leave alone new-tech machinery. Apparent are worries about tariffs making already expensive machines even more costly, following US-China retaliatory measures. Some of these machines, like combines, cost more than $800,000. If tariffs suddenly raise prices, farmers…
China issued a pointed response to sweeping new U.S. tariffs on Saturday, condemning the measures as economically reckless and politically damaging, while pointing to the global market selloff as proof of their destabilizing impact. With stock markets around the world sliding sharply—Wall Street saw its worst week since the pandemic—Beijing warned Washington against using trade…
Cognac producers in southwestern France are facing mounting economic pressure as a wave of new U.S. tariffs deepens the challenges already posed by declining global demand and earlier Chinese trade retaliation. The latest blow came with U.S. President Donald Trump’s decision to impose a 20% tariff on all European goods, including French cognac, a move…
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…
