Tariffs, Oil Shock, and US-Iran Tensions: Impact on the US Dollar, S&P 500, and Global Trade

FXEmpire is owned and operated by Empire Media Network LTD., registered at 7 Jabotinsky Road, Ramat Gan 5252007, Israel. The content provided on this website includes general news and publications, personal analysis and opinions, and materials provided by third parties. FXEmpire does not provide any warranty regarding the accuracy, completeness, or reliability of any information contained on the website.

Trump’s latest tariffs face a fresh set of legal hurdles

The law Trump invoked for the replacement tariffs says they should be of broad and uniform application, but the president's approach seems far from that standard. The fine print waives the new tariffs for Mexico and Canada and some goods coming from Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, or Nicaragua. Trump carved out a slew of product …

WTO head sees world trade in the deepest crisis since the Second World War

Despite Trump's tariff policy, Okonjo-Iweala continues to defend the USA as an engine for necessary changes at the World Trade Organisation (WTO). She is pleased that the USA is a member of the WTO and is prepared to tackle difficult reforms.

News: Perplexed federal government, Iran war, inflation, economic crisis

Weekly digital edition of SPIEGEL includes e-paper (PDF), digital archive and S+ newsletter. Free access to all S+ articles on SPIEGel.de and in the app (e-paper, digital archive, and newsletter). For more information, visit the website.

The $100,000 fee for H-1Bs is causing all sorts of problems

Trump's executive order raised the fee for H-1B visas to $100,000. It's unclear what effect, if any, the new rules will have on hiring, immigration, and the workforce. The fee hike is disproportionately affecting rural schools and hospitals. Alaska has nearly 600 international teachers, 341 of whom are on H- 1B visas.

Tariffs, stockpiles, distrust: the EU’s messy bid to ditch China hits capacity problems

Ambassadors from the EU's 27 member states will meet in Brussels this week to discuss a memorandum on critical minerals with the United States. US President Donald Trump last week shocked Brussels with a tariff investigation linked to overcapacity and forced labour of 60 economies, including China, the European Union and India.

Sunday thought: Who’s Winning from Trump’s War? Follow the Money

Trump's war is costing the U.S. about $1 billion a day. The Pentagon's budget is around $1 trillion this year and Trump wants an additional $500 billion. The cost of oil has topped $100 a barrel and the price of a gallon of gas is now $3.67. Military contractors have been spending more on enriching their investors than expanding production. …

Iran wages economic war in hopes of outlasting U.S. and Israel

Iran is taking aim at different set of targets: the modern age of globalization, the U.S., China, Europe and Japan. Dubai International Financial Center, home to banks such as Ritz-Carlton hotel, was hit by a bullet on Friday. Iran has launched 1,600 missiles against the UAE since the beginning.

Recommended Reading

This week's selection includes Noah Millman's "Reversing extinction" and "The End of Computer Programming As We Know It", "The Perils of Making the Biggest Jeweled Egg in the World," "The Bourgeoisie Has Switched Sides", "Slave-like Conditions for Chinese Laborers in Brazil", "James Talarico, the next generation’s religious crusader for woke illiberalism" and the filibuster saves America.

The economy as a weapon of war

The Strait of Hormuz is one of the main arteries of the planetary energy system. The closure of the Strait has destabilizing effects on the entire economy. High prices of crude oil make it more expensive to fill the gas tank and raise the price of the shopping basket. Trump is aware of the threat posed by the Iranian strategy.

Toast Message