China announced it will place $75 billion dollars in new tariffs and resume 25% tariffs on US automobiles beginning September 1, 2019. The new tariffs will take place in two increments with the second round slated to go into effect on December 1, 2019.
In response to the new round of tariffs, the DOW is expected to open lower and could close today in the negative wiping out any gains made earlier this week.
The global economy, heading for its worst year since the end of the Second World War, could “take years” to fully recover to its pre-coronavirus norms, economists warned. The consultancy Capital Economics said in an MORE
The US Senate just approved a $1 trillion bipartisan infrastructure plan, which provides momentum for this first phase of Biden’s “Build Back Better.” The vote tally was 69-30; it now heads to the House of Representatives MORE
As the number of Coronavirus cases grow rapidly in the United States, Trump suggests lifting restrictions enacted to slow the spread of the disease. Trump also retweeted a suggestion some Wing Nut made “that urged MORE