metro observer daily news
For nearly 30 years, Kevin Keyes and his brother-in-law Bob Chambers have run Dry Brook Sugar House in Salem, New York. Dry Brook Sugar House is nestled amid maple forests on the border of New York and Vermont. During this year’s maple season, which can run from February to April, they made 4,000 gallons of…
John Pihl has been farming in Northern Illinois for over 50 years, but recent tariffs are making life more expensive for him and his fellow farmers. “These tariffs are going to affect everything. It’ll affect our parts — it’s just across the board. Which is going to hurt everything,” he said. The impact of tariffs…
On Friday, China announced that it will hike tariffs on US goods to 125%, up from 84%, in retaliation against President Trump’s growing tariffs. This countermeasure will take effect on Saturday and adds fuel to the ongoing trade war between the United States and China, which has already caused significant turmoil in US stock markets….
DETROIT — As President Donald Trump’s 25% tariffs on imported vehicles remain in effect despite a pullback this week on other country-based levies, analysts are expecting massive global implications for the automotive industry due to the policies. They’re expecting to see a drop in vehicle sales in the millions, higher new and used vehicle prices,…
As concerns over economic instability and potential price increases loom, many Americans are reevaluating their spending habits amid the uncertainty created by Trump’s trade policies. Dane, a 73-year-old retiree from South Carolina, has started stocking up on essential items, including cases of paper towels, toilet paper, and even “piddle pads” for his shih tzu. He…
When President Donald Trump announced his tariffs last week, he also declared a national emergency. According to the White House, the emergency in question is ‘the large and persistent trade deficit,’ or the fact that the United States imports more goods than it exports. If you’re confused about why that’s an emergency, you’re not alone….
In his first public comments regarding the escalating trade war with the United States, Chinese leader Xi Jinping asserted that his nation is “not afraid,” as Beijing raised tariffs on U.S. goods to a staggering 125%. This tariff hike marks the latest move in a tit-for-tat battle between the world’s two largest economies, following U.S….
Shocks in the global financial markets have been accelerating in the past couple of weeks, especially as President Trump rolls out more aggressive trade tariffs in response to China’s refusal to retaliate on the reciprocal tariff plan with all other trading partners. With this in mind, one specific issue is at play when it comes…
While the White House wages a trade war on behalf of US manufacturing, the largest and most important part of the American economy — one that has a trade surplus, not a gap — is under threat. The US trade gap, caused by American consumers and businesses importing more goods than they’re exporting, has gotten…
As investors closely watch the stock market, the recent performance of United States Steel has raised eyebrows and concerns. Following a surge that saw an increase of more than 30% year-to-date, including a significant 25% rise over the past month, the stock’s trajectory has been closely linked to the implications of President Donald Trump’s tariff…
NEW YORK (AP) — U.S. stocks are facing uncertainty as Wall Street approaches the end of a turbulent week, marked by escalating tensions from President Donald Trump’s trade war with China. The S&P 500 fell by 0.4 percent in early trading on Friday, following a significant slide that wiped out much of its gains achieved…
Consumer sentiment in the United States has significantly dipped, marking an 11% decline this month to a preliminary reading of 50.8, according to the latest survey from the University of Michigan released on Friday. This figure represents the second-lowest reading since records began in 1952, with April’s numbers falling below anything witnessed during the Great…