Business

Trump Enacts 15% Tariff to Safeguard U.S. Solar, Chip Supply Chains

In an effort to bolster domestic production and reduce dependency on China, US President Donald Trump has announced a 15% tariff on imported products made with polysilicon, a key component in semiconductor and solar panel manufacturing. This tariff, effective December 4, aims to strengthen critical supply chains that are vital to the nation's economic and national security. Polysilicon, an ultra-pure form of silicon, is...

Court Orders US to Refund $100 Billion in Trump-Era Tariffs

The United States government has returned approximately $100 billion collected in tariffs under former President Donald Trump's trade policies, following a Supreme Court decision that deemed a substantial portion of these tariffs unlawful. This refund represents about 60% of the total $165 billion gathered before the court's ruling. The tariffs were initially introduced as part of Trump's trade strategy, which aimed to enhance domestic...

Trump’s US-Iran Talks Progress Causes Significant Oil Price Decline

Oil prices on the global market saw a sharp decline on Friday following remarks from US President Donald Trump, who hinted at the possibility...

Trump Allocates $700M to Boost Coal Industry Under Defense Production Act

In a significant move to bolster the coal industry, US President Donald Trump has unveiled a $700 million federal initiative. This program, leveraging the...

U.S. Proposes 25% Tariffs on Brazil, Despite Trade Surplus

The Trump administration has introduced a proposal for a 25% tariff on Brazilian imports, citing what it describes as unfair and restrictive trade practices...

US and Taiwan Boost Defense Ties to Address Rising Security Threats

Taiwan and the United States are intensifying their collaboration in the defense industry amid rising security concerns, leading to increased investment and closer integration...

Iran Conflict and Supply Concerns Propel Oil Prices Past $100

Global oil prices have once again climbed above $100 per barrel following recent U.S. military actions against Iranian targets, casting doubt on the prospects...

Rubio Visits India to Discuss Trade Tensions with Modi Amid Trump Focus

US Secretary of State Marco Rubio commenced a four-day visit to India on Saturday, aiming to fortify strategic alliances and enhance cooperation across various...