Flashbacks Amid the protectionist policies adopted by the United States under President Donald Trump, discussions about the Great Depression or the major economic catastrophe of the last century, have resurfaced strongly. While some Americans believe that imposing broad tariffs will benefit their country’s economy, others have reacted with deep pessimism, recalling what happened over ninety […]
According to sources cited by Reuters, the People’s Bank of China has decided against immediately devaluing the yuan in response to the latest round of U.S. tariffs, citing informed sources, revealed that the People’s Bank of China has no immediate plans to sharply devalue the yuan in response to the latest U.S. tariffs .The report, […]
Apple Faces a Major Crisis Under Trump’s New Tariffs Trump’s Tariff Storm Hits Apple Hard Apple is now caught in a difficult position following President Trump’s newly announced wave of aggressive tariffs on Chinese imports. Starting this Wednesday at midnight, the minimum tariff on Chinese goods is expected to jump to a staggering 104%. That […]
Crypto Market Hit by New Tariffs The cryptocurrency market, which many people think can protect against ups and downs in regular markets, was also affected by the new tariffs. After the U.S. government announced these tariffs, Bitcoin and other cryptocurrencies dropped in value. This shows that even digital currencies are not completely safe from global […]
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