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Economy

US delays higher tariffs but announces new taxes for some countries

US pushes back tariff increases, imposes new taxes on some nations

El gobierno de Estados Unidos ha comunicado su decisión de postergar los aumentos programados en los aranceles de una variedad de productos importados, al mismo tiempo que presenta nuevas medidas fiscales dirigidas a ciertos países. Esta medida refleja las continuas complejidades de las relaciones comerciales internacionales, ya que el gobierno estadounidense sigue equilibrando las prioridades económicas locales con las dinámicas globales cambiantes.The postponement of increasing current tariffs provides short-term relief for several principal trading allies and sectors, many of which had voiced worries about the possible economic impact of elevated import fees. Meanwhile, the move to implement fresh taxes on…
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Ramaphosa opposes Trump's 30% tariff on South Africa

Ramaphosa slams Trump’s 30% tariff on South Africa

South Africa’s President, Cyril Ramaphosa, has publicly expressed his opposition to the proposed 30% tariff on South African goods, recently announced by former U.S. President Donald Trump. The tariff proposal, which forms part of a broader economic strategy linked to trade realignments, has raised concerns not only within South Africa but also among global trade observers who fear its potential impact on international relations and emerging market economies.The suggested tariff, focused particularly on exports from South Africa to the United States, aligns with Trump's persistent narrative highlighting national priorities and safeguarding American businesses. The former president has justified the decision…
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Wall Street is calling Trump’s bluff

Wall Street is calling Trump’s bluff

In the complex and ever-shifting world of global finance, confidence is often as valuable as tangible assets. In recent months, financial markets, particularly in the United States, have shown signs of skepticism toward former President Donald Trump's latest economic threats and policy pronouncements. Investors, analysts, and institutions appear less reactive than in previous years, suggesting that Wall Street may no longer take Trump’s economic rhetoric at face value.This evolving relationship between political leadership and financial markets underscores how perception, experience, and global economic conditions can shape investor behavior. As Trump continues to influence public discourse with comments on tariffs, trade…
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Tariffs, explained: What Trump wants from all these trade deals

Tariffs, explained: Decoding Trump’s approach to trade deals

In recent years, the subject of tariffs has moved from the pages of economic textbooks to the forefront of public debate, largely driven by former U.S. President Donald Trump’s high-profile approach to international trade. While tariffs have long been a key tool in the economic policies of nations around the world, their use under Trump's administration reignited discussions about their purpose, effectiveness, and long-term impact on global markets and domestic industries.Tariffs fundamentally represent taxes levied on goods coming from other countries. Their purpose is to raise the cost of foreign items, thereby promoting the purchase of locally made substitutes by…
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Trump threatens extra 10% tariff on nations siding with Brics

Trump targets nations siding with Brics with 10% tariff

As discussions around global trade continue to evolve, former U.S. President Donald Trump has made headlines once again with a bold proposal that could reshape international economic relations. Speaking at a recent political event, Trump suggested that if he were to return to office, his administration would consider imposing an additional 10% tariff on goods from countries choosing to align with the expanding Brics alliance—an economic bloc that includes Brazil, Russia, India, China, and South Africa.The suggestion mirrors Trump’s enduring conviction that assertive trade policy can act as an effective instrument to defend U.S. industries and offset the power of…
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What have tariffs really done to the US economy?

Examining what tariffs have done to the US economy

For a significant period, tariffs have served as an essential instrument in the domain of economic policy, employed by nations to regulate commerce, shield local industries, and collect income. Recently, the United States has extensively utilized tariffs as a component of its comprehensive trade plan, especially concerning China and other significant trading allies. This renewed emphasis on protectionism has ignited a heated discussion regarding whether tariffs benefit or adversely affect the U.S. economy. A detailed examination shows that the consequences of these measures are intricate, wide-ranging, and frequently yield varied outcomes.At their core, tariffs are essentially taxes imposed on imported…
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50 euro banknote folding on top of piled coins

Ways to safeguard your savings during an economic crisis

An economic crisis, whether triggered by a recession, banking collapse, geopolitical tension, or a global pandemic, often creates waves of uncertainty. Savings can be jeopardized by inflation, currency devaluation, stock market crashes, and mass unemployment. The 2008 Global Financial Crisis, for example, saw many individuals lose substantial portions of their investments and face liquidity challenges almost overnight. Protecting your savings during such turbulent times is crucial for maintaining financial stability and peace of mind.Diversification: The Fundamental ShieldDiversification is the fundamental principle for safeguarding savings. Spreading assets across multiple categories—like cash, bonds, equities, commodities, and real estate—reduces risk exposure. For instance,…
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