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ECONOMY
China Hikes Tariffs on US Goods to 84 Percent
China raised tariffs on US imports from 34% to 84% starting April 10, escalating tensions in an ongoing trade dispute. Beijing also imposed export controls on 12 US firms and added six more to its “unreliable entities list.”
The…
China Hits Back at US Tariffs
China has imposed a 34% customs duty on all US goods in response to the same rate announced by US President Donald Trump. The move includes trade restrictions on rare earth exports critical to tech and defense industries and the…
Trump Announces New Trade Policy with High Tariffs
US President Donald Trump unveiled a new economic doctrine, imposing a 25% tariff on foreign-made automobiles and additional tariffs on various countries, including China (34%), the EU (20%), and Japan (24%). Calling past trade policies…
Türkiye’s Samsun Emerges as Investment Hub with MKE and Chery Factories
Türkiye's Samsun is set to become a key industrial and technological hub with major investments from Türkiye’s Machinery and Chemical Industry (MKE) and Chinese automaker Chery. Aerial footage captured the…
Trump Announces 25 Percent Tariff on Imported Cars
US President Donald Trump signed a decree that foresees a 25 percent tariff on imported cars in order to increase domestic production at a signing ceremony at the White House.
Reiterating his claim that other countries have benefited…
Canada Imposes 25 Percent Tariff on US Goods Worth $29.8 CAD
Canadian ministers announced at a joint press conference regarding retaliation against the US yesterday that an additional 25 percent tariff will be imposed on various products worth 29.8 billion Canadian dollars imported from the US as of…
Public Transportation Workers’ 48-Hour Strike Continues in Germany
The strike in the public transport sector, which began at 03:00 local time on Thursday night in Berlin, Germany, following a call by the Ver.di labor union, is continuing.
Transportation workers in the 6 German states, Baden-Württemberg,…
Mercedes-Benz’s Net Profit Decreased by 28 Percent in 2024
German automotive giant Mercedes-Benz announced that its net profit for 2024 fell by 28 percent compared to the previous year, falling to 10.4 billion euros due to decreased demand in the Chinese market.
The German company stated that it…
Syrian Pound Strengthens After Regime Collapse
The Syrian Pound has gained value against the US dollar following the fall of the Assad regime, easing economic conditions in the country. With the foreign exchange ban lifted, money changers in Damascus are openly trading dollars…
China Hits Back with Tariffs and Google Probe
China announced retaliatory tariffs on U.S. imports and launched an antitrust investigation into Google following Washington’s decision to impose additional duties on Chinese goods.
Starting February 10, Beijing will…
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