Author: Alfred Martins

The United Kingdom has signaled its intent to seek an exemption from the newly introduced 25% tariffs on steel imports by the United States. These tariffs, announced by ex-U.S. President Donald Trump, are slated to be implemented in March, causing worries among UK steel producers regarding possible economic repercussions. Although the UK government plans to argue for tariff avoidance, the issue has sparked wider concerns about the future of international trade and its effects on the UK's steel sector.The United Kingdom has indicated it will pursue an exemption from the 25% tariffs on steel imports recently announced by the United States. The tariffs, unveiled by former U.S. President Donald Trump, are set to take effect in March and have sparked concerns among British steelmakers about the...

The economic pressure on families in the United States has escalated, with numerous people struggling more than ever to handle their expanding debt burdens. Recent statistics from the Federal Reserve Bank of New York highlight concerning patterns, indicating that debt amounts have increased in all primary categories, including home loans, car loans, credit cards, and education loans. For certain individuals, this represents the most severe financial obstacle encountered since the consequences of the Great Recession.By the end of the fourth quarter of 2024, total household debt in the U.S. rose by 0.5%, hitting a record-breaking $18.04 trillion. Although a rise in debt is generally expected—often indicating economic development, growing population, or increased holiday spending—evident clue...

The United States is preparing for increased costs due to the recent tariffs on imports from Mexico, Canada, and China implemented by former President Donald Trump. Announced as a response to a national emergency related to border problems and fentanyl trafficking, this action has raised worries about potential economic impacts for both American consumers and companies. Experts caution that these tariffs, affecting a large volume of national imports, may intensify inflation and disturb supply chains, potentially influencing multiple sectors.The United States is bracing for higher prices as new tariffs on imports from Mexico, Canada, and China imposed by former President Donald Trump are set to take effect. This move, announced as part of a national emergency declaration linked to border is...