economic impact - Page 2

November 14, 2024

Companies Signal Price Hikes if Trump’s Tariff Plans Go Into Effect – Concerns Over Inflation and Consumer Costs

With President-elect Donald Trump’s proposed tariff plans looming, corporate America is beginning to sound alarms over potential price hikes. The president-elect’s campaign included proposals for sweeping tariffs, including a 60% levy on

November 6, 2024

Europe Responds to Trump’s Return Amid Economic Concerns

European leaders offered swift congratulations to Donald Trump after his unexpected victory over Kamala Harris in the 2024 U.S. presidential election. However, beneath the formalities lies a palpable anxiety over potential economic

October 1, 2024

East Coast Dockworkers Strike Halts Operations at North Carolina Ports

Shipping container operations at the Port of Wilmington, North Carolina, have come to a complete halt as tens of thousands of dockworkers across the East Coast go on strike. The labor action,

US Jobless Claims Rise Amid Federal Layoff Concerns

by Jamie Spencer

The number of Americans filing new applications for unemployment benefits increased moderately last week, suggesting that the labor market remained on solid ground in February. No Immediate Impact from Federal Layoffs There

February 20, 2025

Bank of Canada Warns U.S. Tariffs Could Permanently Hit GDP

by Jamie Spencer

BoC Flags Trade War Risks as it Cuts Rates Again The Bank of Canada (BoC) warned that a prolonged trade dispute with the United States could lead to a permanent reduction in

February 13, 2025

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