metro observer daily news
The bottom has fallen out of US-China trade ties. The world’s two largest economies have imposed massive tariffs on each other that will sharply curtail trade between the two sides. While the disruption will undoubtedly have across-the-board effects on global supply chains, if it is sustained, two markets will be directly and immediately impacted: soybeans…
In a significant escalation of the ongoing trade war, China announced on Friday that it would raise tariffs on imports of US goods from 84% to 125%. This increase in duties comes as a direct response to President Trump’s recently imposed tariffs and is set to go into effect on Saturday. The countermeasures are expected…
The President of the United States has issued a significant proclamation aimed at addressing the pressing concerns regarding the importation of steel mill articles, commonly referred to as steel articles, into the United States. This proclamation follows a report received on January 11, 2018, from the Secretary of Commerce, who conducted an extensive investigation into…
On January 20, 2025, a significant memorandum was issued, outlining a robust and reinvigorated trade policy aimed at prioritizing the American economy, the American worker, and national security. This America First trade policy builds on initiatives from 2017, which claimed to have led to a revival characterized by stable supply chains, massive economic growth, historically…
On March 20, 2025, President Donald J. Trump signed an executive order aimed at revitalizing the United States’ domestic mineral production, crucial for national security and economic prosperity. The order underscores the country’s immense mineral resources, suggesting that they hold the potential to generate jobs, enhance infrastructure, bolster defense capabilities, and foster new technologies through…
In the quest to better balance the software and hardware components of its economy, the United States faces a crucial crossroads in competing with China and fostering growth. Throughout much of the twentieth century, the United States was the world’s leading industrial force, significantly contributing to the outcomes of two world wars and establishing its…
India’s gems and jewellery industry is breathing a momentary sigh of relief after US President Donald Trump paused harsh tariffs that threatened to hit lucrative exports and tens of thousands of jobs. At manufacturing and processing hubs across India, exporters and buyers worried over how they would absorb Trump’s gruelling 26 percent tariff on a…
NEW YORK (AP) — U.S. stocks experienced a significant drop on Thursday, erasing a substantial portion of the gains made just a day prior, amid ongoing concerns related to President Donald Trump’s trade policies. The S&P 500 plummeted 3.5 percent, following a remarkable surge of 9.5 percent on Wednesday, which was fueled by Trump’s announcement…
China retaliated on Friday against U.S. President Donald Trump’s country-specific tariffs by raising its levies on U.S. goods to 125% from 84%, as reported by the Chinese Finance Ministry. In a statement translated by CNBC, the ministry declared, “Even if the U.S. continues to impose higher tariffs, it will no longer make economic sense and…
The trade war between the United States and China has escalated dramatically under the Trump administration, with tariffs exceeding 10 percent on most countries. However, tariffs on China have been increased to an astonishing 145 percent, following Beijing’s retaliatory move to raise its tariffs on U.S. goods to 84 percent. The White House appears to…
BEIJING — China retaliated Friday to higher U.S. tariffs, slapping 125% levies on U.S. goods, but signaled it would apply no further measures in the future. “If the U.S. continues to increase tariffs on Chinese exports, China will not respond,” China’s Ministry of Finance said in a statement announcing the new levies, in a sign…
The debate surrounding whether economics is truly a science is ongoing, with ideological preferences leading discussions on the policy measures intended to guide our economies on what is deemed the ‘right’ path. However, one aspect remains indisputable: the unchanging accounting principles that form the basis of the balance of payments (BoP) for each nation and…