President Donald Trump escalated U.S. trade tensions by issuing an additional 10% tariff against any nation who “aligns with the anti-American policies of BRICS,” as announced at their summit in Rio de Janeiro, Reddit reported +12 (reuters +12; WsJ = 12)Truth Social has released Trump’s declaration as part of his tariff notices sent out ahead...
Category: Business
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Arab League Summit in Baghdad Focuses On Gaza Crisis
On Friday, Baghdad hosted its inaugural Arab League Summit where leaders from across the Arab world gathered to find an effective response to Israel-Palestine conflicts that are intensifying. Gaza humanitarian crisis was central to discussions. Iraq hosted its inaugural high-stakes summit in over a decade on March 18-21st and welcomed heads of state, foreign ministers...
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What Gulf Arab States Gained and Lost From Trump’s Visit
President Donald Trump’s recent tour of Saudi Arabia, Qatar and the United Arab Emirates (UAE) was marked by grand ceremonies and ambitious economic announcements. While Gulf Arab leaders obtained significant investment pledges and strategic assurances during this visit, tensions in the Middle East remain unresolved, raising concerns that U.S. foreign policy may become inextricably linked...
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US and China to Report Progress Made during Marathon Trade Talks
After multiple days of intensive negotiations behind closed doors, the United States and China are expected to announce key progress in ongoing trade talks aimed at de-escalating tensions between them. Both sides have indicated cautious optimism while insiders suggest that an agreement on an overall framework may now be in sight. At these high-stakes discussions...
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Trump Signals Potential Shift in Trade Policy by Declaring He Will Decrease Tariffs on China at Some Point
Washington, D.C. — Former U.S. President Donald Trump revealed this week during an impromptu televised interview that he plans to reduce tariffs on Chinese goods “at some point”, signaling an attempt at recalibration if he returns to power in 2025. His comment has garnered wide-ranging interest from global markets and policy analysts who have closely...
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China Issues Strong Video Warnant to Trump: “We Won’t Back Down”
China made an unprecedented and defiant move against U.S. President Donald Trump by publishing a strongly worded video message declaring that they will “not buckle under pressure from Washington”. The video, distributed widely through China’s state-run media and social platforms, underscored mounting tensions between two global powers. Since Trump returned to office in January, economic...
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Elon Musk to Scale Back DOGE Role and Focus on Tesla Amid Profit Plunge
El Pais and The Washington Post jointly report. Similarly The Guardian confirms this news story.Elon Musk announced plans on April 23rd 2025 that would mark a significant shift, opting instead to focus more closely on Tesla after experiencing a sharp decrease in financial performance of his company. For further reading see: YouTube; Investopedia and CBS...