Trump’s long-threatened tariffs against Canada and Mexico are now in effect, kicking off trade war
Canadian Prime Minister Justin Trudeau said his country would slap tariffs on more than $100 billion of American goods over the course of 21 days. Mexico didn’t immediately detail any retaliatory measures.
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The U.S. president’s moves raised fears of higher inflation and the prospect of a devastating trade war even as he promised the American public that taxes on imports are the easiest path to national prosperity.
Read MoreStock Futures Rise as Investors Weigh Up Trump Tariffs, Brace for Trade War
President Donald Trump’s levies against China, Canada, and Mexico took hold Tuesday, and Beijing and Ottawa wasted no time in hitting back. China’s finance ministry said it would impose duties on U.S. agricultural products including chicken and wheat, and Canada’s Prime Minister Justin Trudeau pledged to retaliate with levies on about $100 billion of imports.
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Read MoreStock markets fall after US tariffs spark trade war fears
Analysts have warned tariffs could push up prices for US households and could also have a knock on effect on consumers across the world, including the UK.
Trump threatened to impose the tariffs, which are a tax added to a product when it enters a country – on Canada, Mexico and China in response to what claims is the unacceptable flow of illegal drugs and illegal immigrants into the US.
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Read MoreBitcoin value dives as uncertainty grips global cryptocurrency market
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Read MoreI'm 27 and make over $200k a year as a mortgage broker, despite rates being where they are
Personal Finance
It can be tempting for fairly young financial overachievers to spend all the cash flows that are coming in. Undoubtedly, if you’re still in the earlier years of your career, your prime earnings years may still be ahead.
Read MoreThe Burst
Got $1,780? Is This The Best Investment In 2024?
Retail investors are conditioned to focus on gains but those who have been around the block and made a fortune focus first on downside risks.
That focus is one of the reasons why so many buy Berkshire Hathaway. After all, when the stock market fell by 20% in 2022, Berkshire treaded water and essentially stayed flat.
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Read MoreThe Ivy
The Next Trillion Dollar Company Is…
What company in the United States generates revenues and profits that rivals big tech companies but is valued at less than half of most of them? The answer turns out to be Warren Buffett’s Berkshire Hathaway.
Last quarter alone, Berkshire Hathaway generated an astonishing $89 billion in revenues and reported $17 billion in operating income.
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Read MoreThe Spotlight
Is Buffett Going All in on His Favorite Stock?
In 2022, Warren Buffett has been all over the headlines. Whether it’s Apple, Occidental Petroleum, or Chevron, the Oracle of Omaha has added millions of shares to his portfolio, which is now worth over $300 billion.
This year’s bear market decline has allowed Buffett to buy shares at a significant discount,
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