When Donald Trump pulled back on his plan to impose eye-watering tariffs on trading partners across the world, there was one key exception: China. While the rest of the world would be given a 90-day reprieve on additional duties beyond the new 10% tariffs on all U.S. trade partners, China would feel the squeeze even more. On April 9, 2025, Trump raised the tariff on Chinese goods to 125% – bringing the total U.S. tariff on some Chinese imports to 145%. The move, in Trump’s telling, was prompted by Beijing’s…
Posts published in “Finance”
The worldwide banking ecosystem is undergoing continuous transformation driven by technology. Today, banking services are no longer limited to physical branches, as clients increasingly rely on remote solutions.One of the most visible changes is the rise of digital banking, which allows users to manage accounts, transfers, and financial products without visiting a branch. Closely related to this trend is mobile banking, enabling customers to access financial tools directly from their smartphones, regardless of location.Technological progress has also led to the expansion of FinTech solutions, reshaping how financial institutions operate and…
Biggest Global Economies According to our Consensus Forecast, of the top 10 largest economies in 2026, five will be in Europe, three in Asia and two in the Americas. Most of these economies—concretely the G7 members—are already wealthy in USD GDP per capita terms. However, there are also a few emerging markets on the list that are still relatively poor in per-person terms and whose large economic size is linked instead to their huge domestic populations. Likewise, while most of the economies in the top 10 have potential growth rates below…
WASHINGTON, Jan 7 (Reuters) – President Donald Trump said on Wednesday the 2027 U.S. military budget should be $1.5 trillion, significantly higher than the $901 billion approved by Congress for 2026, boosting defense stocks, but sparking skepticism among budget experts. Any such increase in the military budget would require congressional authorization, which could pose a challenge, although Trump’s Republicans, who hold slim majorities in both the Senate and House of Representatives, have shown little appetite for objecting to Trump’s spending plans. rump said in a Truth Social post that he…
The Swiss government has frozen any assets held in Switzerland by Nicolas Maduro and people close to the Venezuelan president. The order is to ensure that potentially illegally acquired assets cannot be transferred out of Switzerland, the government said in a statement on Monday. The freeze comes into force with immediate effect and will remain valid for four years, until further notice. A total of 37 people are currently affected by the freeze, the Swiss Foreign Ministry said in an emailed reply to questions. It declined to given any indication…