Brace yourself: Washington and Beijing just hit pause on their turbo-charged trade war—again. After two tense days of negotiations in London, U.S. and Chinese officials struck a 90-day truce to prevent tariffs from spiraling further, according to Reuters. The handshake deal isn’t final until Presidents Trump and Xi give the green light, but negotiators say … Read more
Medtronic just took a $200 million punch to the gut—courtesy of tariffs. And Wall Street didn’t exactly send flowers. In a move that had investors blinking twice at their screens, the medical device giant said Tuesday it’s bracing for a $200 million hit this fiscal year due to tariffs tied to U.S.-China trade tensions. Ouch. … Read more
Amazon vs The White House Boom! We’ve got beef — and it’s not Prime grade. Amazon just lit a fire under the White House, and things are getting extra spicy. Here’s the deal: Amazon is planning to show shoppers exactly how much tariffs are adding to the price of products. You know, those extra costs … Read more
Hold up! In a twist nobody saw coming (except maybe your econ major friend), China just gave some American-made semiconductors a free pass on those monster 125% tariffs. Yep — while most U.S. goods are still getting the cold shoulder, these lucky microchips just slid past the velvet rope like VIPs at a Met Gala … Read more
The Trump administration’s decision to exempt electronics like smartphones and laptops from tariffs imposed on China has sent shockwaves through the global trade landscape. It’s a move that’s being seen as a significant retreat in the ongoing trade war, and one that aims to ease pressure on major tech companies and US consumers. Let’s be … Read more