International Economics

Consumer

Drop the Ship-pers: FedEx, UPS Downgraded as US Policy Bites Into Import Revenue

Photo via BalkansCat

According to US Customs, untaxed “de minimis” shipments accounted for 92% of all cargo entering the US, or 4 million packages a day.

2 min read

Photo illustration by Connor Lin / The Daily Upside, Photo by Sabelskaya via iStock

International Economics

‘Not Optimistic’: Washington Hits Tariff Impasse with Switzerland

Small, mountainous Switzerland — a country that ranks 61st in the world by total area — is one of the world’s biggest investors in the US.

5 min read
Photo by Laurentiu Morariu via Unsplash

International Economics

US Slaps Crushing 50% Tariffs on India in Proxy Strike at Russia

India now sources 39% of its crude oil from Russia, compared to just 1% before Russia’s invasion of Ukraine.

2 min read
Photo by Vincent Botta via Unsplash

Industrials

Brokers Chafe Under Abrupt Expansion of Steel, Aluminum Tariffs

President Trump placed 25% tariffs on aluminum and steel imports in March via executive order, before hiking the rate to 50% on Tuesday.

2 min read

International Economics

Trump’s ‘Biggest Deal Ever’ With EU Prompts Yawn From Wall Street

Photo via Wiktor Dabkowski/ZUMAPRESS/Newscom

The deal sets 15% baseline tariffs on EU goods and commits the bloc to buy billions of dollars worth of US energy and defense products.

2 min read

Photo via HO/Jiji Press/Newscom

International Economics

Tariffs ‘The World Can Live With’: US-Japan Trade Pact Pushes Markets to Record Highs

While 15% tariffs would be nothing to toast in normal times, it seems pretty good after Trump first threatened Japan with a 24% tariff rate.

2 min read
Photo via Christian Charisius/dpa/picture-alliance/Newscom

International Economics

Markets Stay Relatively Calm as Fragile Ceasefire Deal Follows Missile Strikes

While the headlines screamed conflict, maneuvers by the US on Monday signaled to markets that the prevailing mood was one of compromise.

2 min read
Photo via Kyodonews/ZUMAPRESS/Newscom

International Economics

US Flexes Golden Share in Nippon Merger With US Steel

The deal is the Trump administration’s attempt to stake out a new path for balancing national security and the influx of foreign capital.

2 min read

International Economics

Washington Trade Talks With Beijing Drive S&P 500 Toward Record High

Photo via Li Ying / Xinhua News Agency/Newscom

The on-off dynamic of the US-China economic relationship so far this year would make the writing rooms of most soap operas blush.

2 min read

International Economics

Don’t Hold Your Breath for Trade Wins from G7 Finance Summit

Photo by Dylan Shaw via Unsplash

Hanging over the proceedings is the countdown to July 8, when the US is poised to slam its allies with “reciprocal” tariffs.

2 min read

Photo by Plusphoto via iStock

International Economics

Japan Looks Like Biggest Winner in Trump’s Trade Tumult

Japan remains in position to be one of the big winners from President Trump’s trade war, even with a temporary China truce in place.

2 min read
Jerome Powell, Chair of the Federal Reserve. Photo by Federal Reserve Board of Governors via PDM 1.0.

International Economics

Optimism Overpowers Market Uncertainty Following US-China Trade Thaw

The US and China shocked the world in announcing a 90 day trade truce, turning weeks of uncertainty into a day of optimism.

3 min read
Photo by Taro Ohtani via Unsplash

International Economics

US Trade Truce With China Sends Stocks Surging Higher

Some enterprising Chinese exporters have found ways to get around tariffs amid the standoff between Washington and Beijing.

2 min read

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