May 28th, 2025
Create an account or log in to unlock unlimited access!
European Union officials are working to stop the Trump administration from putting a 50% tax on imported goods. The U.S. President has clearly stated he is unhappy that Europe sells more goods to the U.S. than it buys, which causes a trade deficit. The EU argues that if digital services are included, the U.S. actually sells more than it buys, making the trade even. To change the trade in goods, the EU could buy more liquefied natural gas from the U.S., spend more on defense with U.S. companies, or lower its 10% tax on foreign cars. However, it has been hard to fix problems with European rules on food and farm products and the sales taxes used by European governments. Experts believe that if these 50% taxes are put in place, the total economy of the eurozone countries could shrink by up to 1% next year, and business spending could fall by more than 6%.
May 28th, 2025
US Consumer Sentiment Recovers as Tariff Concerns Ease
US Consumer Sentiment Recovers as Tariff Concerns Ease
Salesforce Set to Acquire Informatica in Landmark $8 Billion Transaction
Salesforce Set to Acquire Informatica in Landmark $8 Billion Transaction
European Firms Retreat from China Amidst Economic Headwinds: Cost Cutting and Investment Curbs
European Firms Retreat from China Amidst Economic Headwinds: Cost Cutting and Investment Curbs
Walmart Yields to Tariff Pressure: Price Increases Loom for Consumers
Walmart Yields to Tariff Pressure: Price Increases Loom for Consumers
Starbucks Baristas Stage Mass Strike Over Contentious Dress Code Revisions
Starbucks Baristas Stage Mass Strike Over Contentious Dress Code Revisions
Japan's Economic Contraction: Trade Tensions and Confidence Erosion Impact Exports
Japan's Economic Contraction: Trade Tensions and Confidence Erosion Impact Exports
Stocks Edge Higher Amidst Economic Concerns as Fed Holds Rates
Stocks Edge Higher Amidst Economic Concerns as Fed Holds Rates
Trade Deals and Tariffs: A Growing Confusion
Trade Deals and Tariffs: A Growing Confusion
South Korea Maintains Confidence Despite Czech Court Halting Nuclear Deal
South Korea Maintains Confidence Despite Czech Court Halting Nuclear Deal
Create an account or log in to continue reading and join the Lingo Times community!