PRESS AI WORLD

ECONOMY

EU Responds with €26 Billion Counter Tariffs Following Trump's Steel and Aluminum Measures

Wednesday, Mar 12

The EU imposes €26 billion in counter tariffs on US goods, matching recent US steel and aluminum tariffs, escalating global trade tensions.

ECONOMY

Australia Rejects Retaliation Against U.S. Tariffs Amidst Economic Concerns

Wednesday, Mar 12

Australian PM labels U.S. tariffs on steel and aluminum as unjustified but opts against retaliation, citing economic self-harm.

ECONOMY

USDA Eliminates $1 Billion in Funding for Schools and Food Banks, Impacting Local Food Programs

Wednesday, Mar 12

USDA cuts over $1 billion in funding for local food initiatives, affecting schools and food banks across the nation.

ECONOMY

Southwest Airlines to Charge for Checked Bags, Ending Long-Standing Free Policy

Wednesday, Mar 12

Southwest Airlines announces the end of its free checked baggage policy starting May 28, responding to economic pressures and investor demands.

ECONOMY

China Implements 15% Tariffs on U.S. Farm Products in Response to Trump’s Trade Policies

Tuesday, Mar 11

China retaliates with 15% tariffs on U.S. agricultural products after Trump's trade actions, impacting U.S. farmers and market dynamics.

ECONOMY

Trump Engages Four Bidders for TikTok Sale Amid Potential Deadline Extension

Monday, Mar 10

Trump announces talks with four groups interested in acquiring TikTok, hinting at a possible extension of the sale deadline amid ongoing negotiations.

ECONOMY

Deliveroo to Exit Hong Kong Market Amid Stiff Competition

Monday, Mar 10

Deliveroo announces its exit from the Hong Kong market by selling assets to Foodpanda due to ongoing losses and fierce competition.

ECONOMY

Trump Refuses to Predict Recession as Tariff Policies Rattle Markets

Monday, Mar 10

President Trump downplays recession fears while asserting tariffs will boost U.S. economy, despite market volatility and warnings from economic experts.