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Chinese exporters scramble during tariff truce as trade outlook remains uncertain

SMGN May 27, 2025

BEIJING — Just hours after the U.S. announced a temporary suspension of most tariffs on Chinese imports on May 12, Jiang Kun, a freight forwarder in southern China, described the situation in two words: “Taking off.” Only weeks earlier, certain Chinese products faced tariffs of up to 245% when entering

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

SMGN 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 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 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 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 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Donald Trump implemented broad tariffs on imports entering the United States—many of which were later delayed or withdrawn.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 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 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 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 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

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Supreme Court Ruling Eases Disability Lawsuits Against Schools

SMGN June 12, 2025

The United States Supreme Court unanimously ruled that students with disabilities will face fewer legal obstacles when suing schools to enforce their educational rights. This decision lowers the legal threshold for pursuing claims under certain federal disability laws. Case centers on student with rare epilepsyThe decision stems from the case

How to Prepare Your Home for Flooding During Hurricane Season

SMGN June 12, 2025

The Atlantic hurricane season is already raising concerns among residents in vulnerable areas, particularly those still recovering from last year’s devastating storms. Flooding caused by storm surge and extreme rainfall continues to pose a growing risk to both coastal and inland communities. Rising Flood RisksThe frequency and severity of weather

Air India Crash Raises New Concerns for Boeing Amid Ongoing Turbulence

SMGN June 12, 2025

Another Blow to Boeing’s Safety Reputation Boeing’s milestone of carrying its billionth passenger on the 787 Dreamliner last month was a moment of celebration for the aircraft manufacturer. However, that achievement has been overshadowed by the recent Air India crash in Ahmedabad involving the same model, casting a shadow over

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