Steel and aluminium products are more than tripled to 25%. Tariff hikes and other products including semiconductor chips are set to take into effect over the next two years. The increases which impact a relatively small amount of us imports come as vice president kamala harris and former president donald trump have clashed over tariffs on the campaign trail. Mrtrump clashed over tariffs on the campaign trail. Mr trump is calling for sweeping new duties on all imports while ms harris has said his proposal would raise prices for the american people. Raise prices for the american eo le. . , ,. , raise prices for the american eole. . . , , people. The european union is also considering people. The european union is also considering tariffs people. The european union is also considering tariffs on also considering tariffs on china made electric vehicles and negotiations are ongoing. The block was meant to vote on the taxes earlier this week that has since been delayed. We will bring you a
Will more than triple to 25%. Tariff hikes on other products, including semiconductor chips, are set to take into effect over the next two years. The increases, which impact a relatively small amount of us imports, come as vice president kamala harris and former president donald trump have clashed over tariffs on the campaign trail. Mr trump is calling for sweeping new duties on all imports, while ms harris has said his proposal would raise prices for the american people. Meanwhile, the european union is also considering tariffs on china made electric vehicles and negotiations are ongoing. The bloc was meant to vote on the taxes earlier this week, but that has since been delayed. Us stock markets rose on thursday, with the s&p 500 closing at a record high for the third time this week. Shares of micron jumped by almost 15%. This comes after the chip company posted strong earnings and said it expected growth in the months ahead, led by the artificial intelligence boom. We are keeping an
After the us justice department sued america s largest card network, accusing the company of illegally monopolising the debit card market and driving up prices for businesses and consumers. Lifting us financial markets, well, there was a sharp rise in al darling nvidia s stock price. That was after the company said its ceo, jensen huang, was done selling stock in the chip maker for now. And china s wave of stimulus to jolt its ailing economy, well, that also boosted us stocks that have exposure to china. So far this week, it has been light on the economic front, with investors still digesting that rate cut from the federal reserve. But on the economic calendar, things should pick up as the week goes forward. As michelle mentioned, the usjustice department has filed a lawsuit against visa. It says the world s largest payments processor illegally stifled competition to maintain a monopoly over the us debit card market, through means like paying off potential competitors. Visa says the cl
After the us justice department sued america s largest card network, accusing the company of illegally monopolising the debit card market and driving up prices for businesses and consumers. Lifting us financial markets, well, there was a sharp rise in al darling nvidia s stock price. That was after the company said its ceo, jensen huang, was done selling stock in the chip maker for now. And china s wave of stimulus to jolt its ailing economy, well, that also boosted us stocks that have exposure to china. So far this week, it has been light on the economic front, with investors still digesting that rate cut from the federal reserve. But on the economic calendar, things should pick up as the week goes forward. As michelle mentioned, the usjustice department has filed a lawsuit against visa. It says the world s largest payments processor illegally stifled competition to maintain a monopoly over the us debit card market, through means like paying off potential competitors. Visa says the cl