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News & Articles By Cassie B.
02/28/2025
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By Cassie B.
Trump stands firm on tariffs: Mexico, Canada, and China face new trade measures over fentanyl crisis
President Trump announced 25% tariffs on Mexican and Canadian goods and an additional 10% duty on Chinese imports effective March 4. The tariffs aim to combat fentanyl trafficking, which caused 72,776 US deaths in 2023. The White House reports insufficient progress from Mexico, Canada, and China in curbing drug flow. Diplomatic efforts, including meetings with […]
02/26/2025
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By Cassie B.
Trump pushes for Keystone XL Pipeline revival, citing energy independence
President Trump urges the revival of the Keystone XL Pipeline, calling it a vital step for American energy independence. The $9 billion project, which was canceled by Biden in 2021, faced years of political and environmental opposition. TC Energy, the original company, has “moved on,” but Trump suggests that another company could take over. Environmentalists […]
02/22/2025
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By Cassie B.
Trump’s DOGE reforms hit D.C. hard, but nation’s job market remains strong
Washington, D.C., is currently dealing with a surge in unemployment claims due to federal layoffs under the Trump administration. The Department of Government Efficiency has saved $55 billion in its first month by cutting “non-essential” positions. D.C. jobless claims have risen from 2,014 to 5,455 in four weeks, potentially leading to a mild recession in […]
02/18/2025
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By Cassie B.
Argentine president Javier Milei faces impeachment over $107 million crypto scandal
Argentine President Javier Milei faces impeachment risk after promoting a cryptocurrency that collapsed, losing 94% of its value. The token?s plunge follows an $107 million liquidity siphon by insiders, leaving investors with nearly worthless tokens. Milei’s critics and opposition lawmakers accuse him of enabling a scam, questioning his judgment and demanding accountability. This is not […]
02/18/2025
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By Cassie B.
California insurance commissioner slams State Farm’s ‘unjustified’ rate hike request as wildfire costs soar
California Insurance Commissioner Ricardo Lara rejected State Farm’s emergency 22% home insurance rate hike, citing insufficient justification. State Farm sought the hike to offset $1 billion in wildfire claims, warning of financial instability without it. Lara referenced California’s Proposition 103, requiring insurers to transparently justify rate increases, and scheduled further scrutiny of State Farm’s finances. […]
02/18/2025
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By Cassie B.
Trump unveils reciprocal tariffs to level trade playing field, targets VAT systems
President Trump announced reciprocal tariffs to match tariffs imposed by other nations on U.S. goods, aiming for a “fair and reciprocal” trade environment. The policy targets value-added taxes (VAT) used by countries like the UK and China, which Trump argues are more punitive than traditional tariffs. The administration will review tariffs, VAT systems, and other […]
02/17/2025
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By Cassie B.
South Korean banks halt silver bar sales amid global and domestic uncertainty
South Korean banks halt silver bar sales due to surging demand, following a similar suspension of gold bar sales earlier this year. Rising global economic uncertainties and domestic political instability are driving investors toward safe-haven assets like gold and silver. Major banks, including KB Kookmin and Shinhan, are affected, with supply chains overwhelmed by the […]
02/12/2025
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By Cassie B.
Trump’s reciprocal tariffs aim to level trade playing field for U.S. workers
President Trump plans to impose reciprocal tariffs on countries charging duties on U.S. imports, aiming to protect American industries and workers. The strategy seeks to level the playing field by matching foreign tariff rates, incentivizing trading partners to lower their tariffs. Critics warn of potential inflation and trade wars, but supporters argue it could boost […]
02/10/2025
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By Cassie B.
Trump announces 25% tariffs on steel and aluminum to protect U.S. industries
President Trump announces 25% tariffs on steel and aluminum imports to protect U.S. industries. Tariffs are part of Trump’s broader strategy for fair trade, with reciprocal tariffs planned to address imbalances. U.S. steel and aluminum stocks surge, with predictions of increased domestic manufacturing and job creation. Trump cites national security concerns, arguing that domestic production […]
02/02/2025
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By Cassie B.
London gold market faces shortage and prices soar as Trump tariff fears spark U.S. stockpiling
A surge in gold deliveries to the U.S., driven by fears of potential tariffs under Trump, has caused a shortage in London, the world’s largest gold trading hub. Gold prices hit a record high of $2,800.99 per ounce, fueled by safe-haven demand amid fears of economic disruptions from tariffs. Logistical challenges in moving gold globally, […]
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