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

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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

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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.

Are Groceries Cheaper Now Or More Expensive?

In January 2026, inflation decreased to 2.4%, but food prices in December 2025 were 3.1% higher than in December 2024. Katina Holliday, owner of Freshly’s Market in Aberdeen, Mississippi, says the average price for a dozen eggs at her store is less than $2, whereas last summer customers paid $15-$20 per watermelon. COVID strangled supply chains, Russia-Ukraine war raised energy …

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.

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