Economy

Trump’s Asia Tariff Push Sends Shockwaves Through Global Supply Chains

SMGN Publishing July 11, 2025

Japan, South Korea, and Others Brace for Economic Fallout from New U.S. Duties A sweeping tariff escalation by the U.S. has placed many of Asia’s key trading partners on alert, raising uncertainty over long-standing trade arrangements and economic alliances. Among those most affected is Japan, whose Prime Minister Shigeru Ishiba

U.S. Commits to Strengthen Rare Earth Independence with Major Stake in California Mine

SMGN Publishing July 10, 2025

The U.S. government is taking a significant step to reshape the global supply chain of critical minerals by becoming the largest shareholder in the only active rare earths mine in the country. This move underscores a renewed strategy aimed at reducing American reliance on foreign sources, particularly China, for elements

Tracking Trump’s Latest Tariff Moves: What’s Enforced, What’s Postponed, and What Comes Next

SMGN Publishing July 9, 2025

As new tariff deadlines approach, ambiguity surrounds the future of U.S. trade policy. President Donald Trump’s ongoing tariff strategy remains fluid, with some measures already enacted, others postponed, and additional rounds under consideration. While some countries still face steep import taxes, others are negotiating exemptions or adjusting trade terms to

Wall Street Responds Coolly to Trump’s Latest Trade War Signals

SMGN Publishing July 8, 2025

Global markets stay steady as Trump sets flexible August deadline Despite renewed threats of tariff hikes from former President Donald Trump, financial markets have remained remarkably calm. On Monday, Trump reaffirmed his intention to escalate the trade war, but extended the deadline for implementation to August 1 and signaled a

Global Shifts: What the Dollar’s Decline Could Signal About U.S. Economic Might

SMGN Publishing July 7, 2025

The Symbolic Fall of the Greenback There are few images more closely tied to American economic supremacy than the U.S. dollar. But today, that image is being tested. The dollar has fallen by more than 10% this year, marking its worst start to a year since 1973, when the U.S.

Trump Prepares to Send Formal Tariff Letters Ahead of August Implementation

SMGN Publishing July 4, 2025

Countries to receive official notice of increased U.S. tariffs as July 9 deadline for trade negotiations nears The U.S. government will soon begin notifying a number of countries of impending increases in import tariffs, according to President Donald Trump, who announced Thursday that formal letters outlining the new trade measures

U.S. Job Market Beats Forecasts With Strong Public Sector Hiring

SMGN Publishing July 3, 2025

In an unexpected turn, the U.S. labor market added 147,000 jobs in June, outpacing the predicted 110,000 and signaling ongoing economic resilience despite underlying concerns. The unemployment rate also declined slightly, falling to 4.1% from May’s 4.2%, according to the U.S. Department of Labor. Government and Healthcare Drive Job Growth

Tesla Delivery Numbers Dip Again in Q2 Amid Mounting Competition and Regulatory Friction

SMGN Publishing July 2, 2025

Q2 Deliveries Drop 14% Amid Rising Competition Tesla reported delivering just over 384,000 vehicles between April and June, marking a 14% year-on-year decline and the second consecutive quarterly drop. The downturn highlights Tesla’s increasing struggle to maintain growth momentum as competitors improve their electric vehicle offerings. Competitive Pressure from EV

Global Energy Security at Risk: Could Renewables Shield Us from Geopolitical Shocks?

SMGN Publishing July 1, 2025

Fossil Fuel Vulnerabilities Exposed by Middle East Tensions Recent escalations between Israel and Iran have reignited concerns about the stability of global energy supplies. In retaliation for attacks on its nuclear infrastructure, Iran threatened to close the Strait of Hormuz—a crucial chokepoint through which an estimated 20% of global LNG

China’s Rise as Global EV Powerhouse: How It Made Electric Cars the Norm

SMGN Publishing June 27, 2025

“I Drive an EV Because I’m Poor” At a charging station outside Guangzhou, driver Lu Yunfeng explains, “Petrol cars are too expensive—all we can afford is electric.” Nearby, Sun Jingguo adds that EVs also protect the environment, leaning on his Beijing U7 model. In China, EV ownership is no longer

$1.7 Billion Powerball Jackpot Builds Momentum as Holiday Drawings Approach

Felipe Cardona December 24, 2025

The $1.7 billion Powerball jackpot has become a dominant topic across the United States as the holiday season intensifies interest in one of the most lucrative lottery runs ever recorded. No jackpot winner emerged from the latest drawing, so the prize has continued its upward climb. It is now positioned

Timothée Chalamet Leads a Frenetic Table Tennis Drama This Christmas

Sarah Olivella December 24, 2025

Timothée Chalamet returns to theaters during the Christmas season with a performance that pushes both physical endurance and emotional volatility, anchoring a fast-moving narrative centered on obsession, ambition, and spectacle. Set against the unlikely competitive world of professional table tennis, the film transforms an underrecognized sport into a dramatic battleground

U.S. Bars European Activists Over Alleged Online Censorship Pressure

Sarah Olivella December 24, 2025

The United States government has imposed entry restrictions on five European individuals accused of coordinating efforts to pressure American technology companies into censoring or suppressing U.S.-based political viewpoints. The decision reflects a broader shift in U.S. foreign policy toward confronting what officials describe as extraterritorial attempts to influence protected speech