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…
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…
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…
Jaguar Land Rover (JLR) has announced an immediate pause in shipments of its UK-manufactured vehicles to the United States, citing the need to reassess operations following President Donald Trump’s new 25% import tariff on cars and light trucks. The British luxury carmaker, owned by India’s Tata Motors, confirmed the move on Saturday after a report…
India has intensified its monitoring of imports from China to guard against a potential flood of cheap goods into its market, following the United States’ dramatic tariff escalation on Chinese exports. The U.S. hike—part of a sweeping trade overhaul unveiled by former President Donald Trump—has raised tariffs on Chinese goods by an additional 34 per…
US customs authorities began enforcing a sweeping new 10% tariff on imports from dozens of countries early Saturday, marking a seismic shift in global trade policy and intensifying fears of a worldwide economic slowdown. The levy, announced by former President Donald Trump earlier this week, took effect at 12:01 a.m. ET (0401 GMT) at all…
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…
