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China Hits Back at Trump’s ‘Trade Tyranny’ with 84% Tariff Hike
China’s Ministry of Finance announced a significant retaliation to the United States’ recent trade moves, increasing tariffs on US goods to 84%, up from 34%. The move came shortly after President Donald Trump’s 104% tariffs on Chinese imports came into effect on Wednesday — a figure that was later increased to 125%. Trump defended the…
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The Strategic Importance of Rare Earths in the U.S.-China Trade Conflict
In response to Donald Trump’s escalating tariffs, China retaliated by placing export restrictions on a range of rare earth elements. These materials, crucial to the U.S. for the production of weapons, computer chips, and electric vehicles, are primarily produced by China. Experts argue that the U.S. is years away from developing its own supply chain…
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Bill Ackman: Markets Fear Execution, Not Tariffs—Trump May Postpone After Countries Offer Deals
Billionaire hedge fund manager Bill Ackman offered a take on President Donald Trump’s aggressive new tariff strategy this weekend, arguing that the market’s sharp negative reaction reflects fear of execution failure rather than ideological opposition to the tariffs themselves. In a thread posted to X (formerly Twitter), Ackman dissected the difference between what Trump initially…
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Uncertain Investments: China’s Middle Class Struggles Amid Market Volatility
Eric Li, a mid-level manager at a state-owned enterprise, recently sold his two-bedroom flat in Tianjin for 2 million yuan (US$275,700) – “about 20 per cent more than he paid for it 12 years ago.” Yet, after deducting renovation costs and interest payments, the gain was marginal. Still, he said, “At least I didn’t lose…
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Small Businesses Struggle as Health Insurance Costs Continue to Rise
The rapidly increasing cost of health insurance is “crippling” small businesses across the United States, according to a new report from the National Federation of Independent Business (NFIB). Participation in the small group market, where most small businesses purchase health coverage, is in a “death spiral,” the report states. The number of participants in the…
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US Tariffs Could Push Asian Allies Closer to China
President Donald Trump’s latest tariffs announcement, unveiled in the Rose Garden on Wednesday, sent shockwaves across Asian markets. While a high tariff on China was “not so surprising,” what stood out was that “among the top 10 countries on his chart, eight are in Asia.” Close U.S. allies like Japan and South Korea were especially…
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Global Markets Plunge as Trump’s Tariffs Rattle Investors
Markets around the world tumbled on Thursday after President Trump announced sweeping tariffs on major trading partners, including the European Union and Japan. The initial market reaction suggested that the scale of the tariffs had come as a surprise to investors. Futures on the S&P 500, which allow investors to trade the index outside normal…
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Amazon Shoppers Say These $24 Wireless Earbuds Are “Better Than Apple AirPods”
Wireless earbuds are a must-have for music lovers, but finding a pair that stays secure can be a challenge. Amazon is offering a deal on earbuds designed to fix that issue. The Bcaikair Wireless Earbuds are currently available for just $24, a massive 88% discount from their original $200 price. Many shoppers rave about their…
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The Free Market’s Greatest Challenge: Trump and the Changing Economic Order
David Dimbleby recalls the turmoil of 1974: inflation surging, the government battling trade unions over pay, and an economy thrown into chaos by a sudden global oil crisis. Power cuts were common – we would be plunged into darkness without warning. And seemingly, the government just expected us to deal with it.” It was in…
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Texas Man Arrested For Murdering His Fiancé After Googling ‘Can I Kill An Illegal Human?’
A Texas man has been arrested and charged with murdering his fiancé after police uncovered a disturbing Google search he made before the killing. Ty Dalton Vaughn, 31, of Baytown allegedly searched, “Can I kill an illegal human?” before shooting his fiancé, Luis Banos, 27, inside their apartment on January 14. Although Vaughn initially told…