Economy News

Economy

Trump Announces 25% Tariff on Korea, Signals Upcoming Levies on Semiconductors and Pharmaceuticals

President Trump has set a 25% tariff on South Korea and plans new tariffs on semiconductors and pharmaceuticals, causing stock market volatility and international trade discussions...

Economy

Historic Surge: US Tariff Rates to Reach Century-High Under Trump's Bold New Policy

President Trump's new tariff policy introduces a 10% baseline on all imports, with higher rates for major trading partners, pushing the effective U.S. tariff rate to 22%, a century...

Economy

IMF Warns: US Tariffs Under Trump Pose Major Threat to Global Economic Stability

IMF Managing Director Kristalina Georgieva highlights the risks posed by US tariffs under President Trump to the global economy, urging for constructive dialogue to resolve trade t...

Economy

Fed's Cook Warns: Rising Tariffs Could Fuel Inflation Across Key Industries

Federal Reserve Governor Lisa Cook warns that tariffs by the Trump administration could lead to broader inflationary effects, impacting industries like steel, aluminum, and motor v...

Economy

Mexico Unveils Strategic Measures to Shield Auto, Aluminum, and Steel Industries from US Tariffs

Mexican President Claudia Sheinbaum announces protective measures for the auto, aluminum, and steel sectors against US tariffs, aiming for energy independence and industrial growth...

Economy

FTC Chairman Warns Against Price Fixing Amid New Tariffs, Vows Consumer Protection

FTC Chairman Andrew Ferguson warns against interpreting new tariffs as a green light for price fixing, vows to protect consumers. Fitch Ratings highlights increased recession risks...

Economy

Exclusive: Klaus Schwab Steps Down from WEF, Marking the End of an Era in Global Economic Leadership

Klaus Schwab, founder and chairman of the World Economic Forum, announces his departure, marking a significant shift in global economic leadership. His decision comes amid organiza...

Economy

Federal Reserve's Jefferson Assures Current Monetary Policy is Ready to Tackle New Trade Policy Risks

Federal Reserve Vice Chair Philip Jefferson reassures that the current monetary policy is equipped to handle risks from new trade policies, while acknowledging the challenges posed...