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US economist Bernard Yaros pointed out that Trump has already used Section 232 of the Trade Expansion Act of 1962 to introduce industry-specific tariffs on sectors including vehicles, steel and aluminium, and noted that “the Department of Commerce has launched Section 232 investigations into pharmaceuticals, semiconductors, critical minerals, and aircraft”.
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The UK economy is now predicted to grow at a slower rate than previously expected from next year, the government’s official forecaster has said. The Office for Budget Responsibility (OBR), which maps out how the economy is set to perform based on the government’s tax and spending policies, increased its growth expectations for this year,…
Why Startups Fail: 11 Mistakes Founders Keep Making
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US-China trade talks set for day two as TikTok deadline looms
US and Chinese officials will hold a second day of trade talks in Spain on Monday as the deadline for the Chinese owner of TikTok to find a buyer or face a ban in America looms. The negotiations, led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, are the latest attempt…
