Economy

Trump Agrees to Extend EU Trade Deadline to July Following 50% Tariff Warning

SMGN Publishing May 26, 2025

US President Donald Trump has consented to postpone the deadline for tariff negotiations with the European Union from 1 June to 9 July, following his warning that he could impose a 50% levy on most EU imports. In May, Trump initially announced a 20% import tax on a broad range

Tensions rise as US proposes higher EU tariffs and signals broader smartphone import duties

SMGN Publishing May 23, 2025

US President Donald Trump escalated trade tensions on Friday by proposing a 50% tariff on all goods entering the United States from the European Union. He also indicated that iPhones not made in the US could face a 25% import tax, a measure that could extend to all smartphones, depending

Investors Dump U.S. Bonds as Deficit and Tariffs Trigger Global Concerns

SMGN Publishing May 22, 2025

Wall Street is grappling with another turbulent week, as deepening concerns about the U.S. national deficit shake investor confidence in the country’s economic future and global position. A wave of selling in U.S. government bonds is underway, a move traders are calling the “Sell America” strategy. The U.S. government is

Retail Giants Struggle to Absorb Tariffs Without Raising Prices Amid White House Scrutiny

SMGN Publishing May 21, 2025

Major U.S. retailers are being pulled in opposite directions as they confront steep costs from President Trump’s tariffs. Companies like Walmart, Target, and Lowe’s are trying to limit price hikes while avoiding political backlash or customer dissatisfaction. Target became the latest chain on Wednesday to revise its financial forecast downward,

Tariff Collection in the U.S. Faces Major Challenges Despite Higher Duties

SMGN Publishing May 20, 2025

In a series of trade policy moves, former President Donald Trump implemented broad tariffs on imports entering the United States—many of which were later delayed or withdrawn. Nonetheless, tariff rates remain elevated compared to pre-2017 levels, as the administration aimed to stimulate domestic manufacturing and increase federal revenue. Yet, ensuring

Five Years Post-Brexit, U.K. and EU Seek a New Chapter Amid Global Pressures

SMGN Publishing May 19, 2025

LONDON — When the United Kingdom and the European Union met for their first official summit since Brexit, experts described it not as a romantic reunion but more like co-parents reluctantly coordinating for the sake of shared responsibilities. Nearly a decade has passed since the Brexit referendum, and five years

Nissan considers global plant-sharing with Chinese partner Dongfeng amid major restructuring

SMGN Publishing May 16, 2025

Japanese car manufacturer Nissan has announced it may begin sharing production facilities around the world with its long-time Chinese state-owned partner, Dongfeng, as it undertakes a major overhaul of its global operations. The automaker said Dongfeng could be integrated “into the global Nissan production ecosystem,” signaling a possible deepening of

Walmart warns of price hikes from tariffs; aims to shield food costs

SMGN Publishing May 15, 2025

Walmart said Thursday that U.S. tariffs on goods from China and other countries are pressuring its supply chain and will soon result in price increases for American shoppers, potentially starting this month. CEO Doug McMillon told investors that the company is seeing higher input costs on many everyday items, and

Wall Street ends mixed as investors weigh trade moves and await economic indicators

SMGN Publishing May 14, 2025

The S&P 500 ended the day with a modest gain on Wednesday, oscillating between gains and losses as market participants awaited key economic figures following a strong start to the week. That early momentum was fueled by encouraging inflation data and a temporary halt in the tariff standoff between the

Tariff reprieve triggers rush and uncertainty for U.S. importers dealing with China

SMGN Publishing May 13, 2025

For Bonnie Ross, a New York–based clothing importer, the news that the U.S. would temporarily reduce tariffs on Chinese goods brought immediate relief — albeit short-lived. “It was a huge relief for about five minutes,” Ross says with a wry smile. Then the race against the clock began. Ross had

$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