Trump’s tariffs on Canada, Mexico and China come into effect.
imposing one of the largest increases in US tariffs since the 1930s in a dramatic escalation of a trade war that stands to upend ties with major economic partners.
GLOBAL ECONOMIES
Nationwide economic blackout set to happen in US today.
The group is asking for American consumers to not spend money for 24 hours.
Following Trump’s Announcement of a New 10% Tax, China Promises “Countermeasures”
China has warned the United States of “countermeasures” after US President Donald Trump announced he would impose new tariffs on Chinese goods in response to the smuggling of fentanyl
U.S. and Ukraine Agree to Minerals Deal, Officials Say.
Details of the agreement are not yet known, but a major sticking point had been a demand from the Trump administration to a $500 billion share of Ukraine’s rare earths and other minerals in exchange for the aid the US had already provided Kyiv, which was previously rejected by Zelensky.
Tesla Shares Sink Below $1 Trillion As European Auto Sales Slump.
Shares in electric car maker Tesla have slumped more than 9% after EU and UK sales fell by almost half in January
Trump floats $5 million ‘gold card’ as a path to US citizenship.
President Donald Trump said on Tuesday the US would sell a “gold card” to wealthy foreigners, giving them the right to live and work in the US and offering a path to citizenship in exchange for a $5 million fee.
DBS CEO sees job cuts of 4000 temp staff as AI replaces roles.
Permanent staff are not expected to be affected by the cuts
President Trump Says Tariffs on Canada and Mexico “Going Forward” as Planned.
President Donald Trump said Monday that his tariffs on Canada and Mexico are starting next month, ending a monthlong suspension on the planned import taxes that could potentially hurt economic growth and worsen inflation
Hackers steal $1.5bn from crypto exchange in ‘biggest digital heist ever’.
It said hackers stole from its Ethereum coin digital wallet. Ethereum is the second largest cryptocurrency by value after Bitcoin.
Trump says he will introduce 25% tariffs on autos, pharmaceuticals and chips
“It’ll go substantially higher over a course of a year,” he said. But he added that he wanted to give time for potentially affected companies to bring their factories to America to avoid tariffs.