Tariffs

Since the news of varying tariffs and market fluctuations, the world's wealthiest individuals have experienced significant changes to their fortunes. How have these shifts affected their standing and net worth, and what implications might arise for their investment philosophies? Let’s delve into their stories. Elon Musk Elon Musk navivcating ties in Washington (Photo by Graeme Sloan for The Washington Post via Getty Images)…

U.S. President Donald Trump speaks assertively beneath the serene arches of the White House Rose Garden, a place typically reserved for softer, more harmonious deliberations. It’s April 2, 2025, as Trump announces his plan to impose a 10% tariff on most imported goods. This bold move introduces significantly higher levies on numerous global rivals and allies alike. It’s a maneuver that turns the gears of an already tense global trade war—one that sparks concerns about soaring inflation and potentially stunted economic…

Ursula von der Leyen, the President of the European Commission, has expressed her concerns regarding the recent universal tariffs imposed by U.S. President Donald Trump. According to von der Leyen, these tariffs represent a significant setback for the global economy, predicting substantial hardships ahead: "This is a major blow to the world economy, which will suffer tremendously." President Trump has announced a new minimum tariff of 10% on most goods imported into the United States, with an even steeper 20% tariff on…

Africa's Trade Relations: A New Chapter Africa stands on the cusp of a significant shift in its trade relationship with the United States. In the wake of a new tariff policy spearheaded by President Donald Trump, this policy casts a wide net, impacting over 180 countries, including several from the African continent. How will these changes ripple through economies known for their vibrant trade partnerships with the U.S.? It's a question on many minds. Trump's strategy, aptly described by him as "kind," aims to…

Trump's Tariffs: A Global Concern, According to Lagarde Christine Lagarde, the President of the European Central Bank (ECB), recently expressed her concerns regarding the impact of former President Donald Trump's tariffs on global trade. In her statement, she underscored, "The ripple effects of such economic policies extend far beyond borders, negatively impacting economies worldwide." Lagarde emphasized that tariffs implemented by the U.S. could create imbalances in international trade, leading to increased prices for…

"Trump is emotionally pro-Brit," declared Reform leader Nigel Farage during a recent lunch gathering in the Palace of Westminster, addressing a room full of journalists. "Trump is the least isolationist, probably of the whole of the senior Republican Party," he asserted. True to his bold style, the close ally of U.S. President Donald Trump expressed his concerns about the opportunities missed in securing a free-trade agreement with the United States, lamenting that, "we've blown it." Farage revealed an interesting insight,…

Prime Minister Mark Carney Addresses Tariffs in Call with President Trump In a significant move, Canada's newly appointed Prime Minister Mark Carney has informed US President Donald Trump that Canada will be implementing retaliatory tariffs on American goods starting April 2, coinciding with the introduction of sweeping US levies. During their inaugural conversation since Mr. Carney took office earlier this month, both leaders engaged in what was described as a "very constructive conversation," according to a statement…

In a recent announcement, Canadian Prime Minister Mark Carney expressed his intent to respond with undefined trade actions if U.S. President Donald Trump moves forward with new auto tariffs. These tariffs have not only escalated a global trade war but have also severely impacted stock markets. Last night, President Trump introduced a 25% tariff on imported vehicles, igniting international backlash and promises of retaliation from U.S. allies. Such measures have drawn considerable criticism, highlighting concerns over their…

US Urges EU to Prepare for New Tariffs Amid Ongoing Discussions In a climate of growing economic tensions, the United States has advised the European Union to brace for additional tariffs. This development comes just before any formal negotiations are set to take place, signaling a potentially rocky path ahead. "The strength of our economy depends on fair trade practices. It's crucial that both parties acknowledge the current landscape," said a senior official. The discussions surrounding…

US President Donald Trump has announced a 25% tariff on imported cars and light trucks set to take effect next week, further escalating the global trade tensions he initiated upon returning to the White House this year. Industry experts anticipate this move could raise vehicle prices and hinder production capabilities. "What we're going to be doing is a 25% tariff for all cars that are not made in the United States," Trump stated during a recent event in the Oval Office. The President views tariffs as a strategic method to…