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82°
Thursday, jun 4
Tag:
Vietnam
Politics
US Trade Deficit Barely Shrank In 2025 Despite Trump's Tariffs
The US trade deficit was largely unchanged in 2025 despite President Donald Trump's claims that his sweeping tariffs would rapidly shrink the gap. The annual trade deficit in 2025 totaled $901.5 billion, according to Commerce Department data released on Thursday, Feb. 19. That was $2.1 billion lower than 2024, marking just a 0.2% decrease in Trump's first year back in office. The trade gap sharply widened to $70.3 billion in December 2025. That was up $17.3 billion from November and well above economists' expectations of $55.5 billion, CNBC reported. On the night b…
Business
Trump Slaps 25% Tariffs On Japan, South Korea As Global Trade Deals Deadline Nears
President Donald Trump will impose 25% tariffs on imports from Japan and South Korea, just two days before a pause on his "liberation day" duties is set to expire. Trump released screenshots of letters announcing the new tariffs on his social media platform Truth Social on Monday, July 7. The letters were addressed to Japanese Prime Minister Ishiba Shigeru and South Korean President Lee Jae-myung. Both letters say the US will begin charging the new tariff rate on Thursday, Aug. 1. "Please understand that these Tariffs are necessary to correct the many years of Japan's Tariff, and…
Business
Major Home Goods Chain Declares Bankruptcy, Blames Trump Tariffs: See List Of Closing NJ Stores
A popular home goods retailer is declaring bankruptcy, citing President Donald Trump’s sweeping tariffs and a significant drop in consumer spending. At Home has filed for Chapter 11 bankruptcy, the Dallas-area company announced on Monday, June 16. The retailer said it reached a deal with lenders to eliminate nearly $2 billion in debt and receive a $200 million capital infusion. The move will allow At Home to continue operating during the court-supervised restructuring process. "We are continuing to offer the home furnishing pairings that customers expect to find at our store…
Business
Retailers Bet On Trump Backing Down From His Tariffs, New Survey Shows
Many retail executives are starting to follow Wall Street's "TACO trade" philosophy, according to a new survey. A growing number of retail leaders believe President Donald Trump will retreat on his sweeping tariffs against many countries, according to a survey from consulting firm AlixPartners. The survey released on Sunday, June 1, was first reported by CNBC. Executives from major brands and retailers were asked about how they were planning for the July expiration of Trump's 90-day pause on his so-called "liberation day" tariffs. A majority said they expect the president to settl…
News
Covid-
19: Strain Behind New China Surge Now Surfacing In US, CDC Says
A new strain of COVID-19 gaining traction overseas is now being detected in the United States, according to health officials tracking the virus. Click here for a new, updated story: COVID-19: Here Are Symptoms Of New Variant Sparking China Surge Now Surfacing In US Airport screenings have identified cases of the NB.1.8.1 variant — the same strain linked to a surge in infections in China — among international travelers arriving in several US states, CBS News reports. The variant has been found in passengers tested at airports in the New York City area, California, Virginia, and Washington…
Business
Xbox Console, Game Prices Rise As Trump's Tariffs Hit Gamers: Here's What You'll Pay
Xbox video games, consoles, and accessories are now more expensive as gamers navigate higher production costs and mounting trade pressure from President Donald Trump's sweeping tariffs. The Xbox Series X now costs $599.99, up from $499.99, Microsoft announced on Thursday, May 1. The cheaper Series S 512GB model is up to $379.99, while the 2TB Galaxy Black Special Edition console price jumped to $729.99. Some new, first-party games are expected to cost $79.99 by the holiday season. "We understand that these changes are challenging, and they were made with careful consideration given ma…
Business
Switch 2 Preorder Date Set After Nintendo Hit Pause Over Trump's Tariffs: See What Costs More
Preorders will soon begin for the highly anticipated Nintendo Switch 2 console, but gamers playing as Mario and Luigi may need to spend a few more coins due to President Donald Trump's tariffs. Nintendo will open preordering on Thursday, April 24, the video game giant said in a news release on Friday, April 18. The release date of Wednesday, June 5, remains unchanged. The original Switch 2 preorder date was originally Wednesday, April 9. It was delayed two weeks in the wake of Trump's "liberation day" announcement. While the Switch 2 will still start at $449.99, Trump's tariffs will drive …
Business
Jim Cramer Fears ‘Black Monday’ As Markets Tumble After Trump's Tariff Rollout
It was a brutal week for investors, who lost nearly $7 trillion after President Donald Trump announced sweeping tariffs on nearly every country, and CNBC's Jim Cramer warned that the pain may not be over. The "Mad Money" host said he fears stock prices may continue to fall on Monday, April 7, adding that investors could be facing a repeat of one of the market’s worst days. Related: Mexico And Canada Promise More Tariffs Coming For US If the president doesn’t try to reach out and reward these countries and companies that play by the rules, then the 1987 scenario ... the one where we went …
Business
Trump's Tariffs Hit Nintendo: Switch 2 Preorders Delayed, Video Game Giant's Stock Tumbles
The Nintendo Switch 2 was hit with a Mario Kart "red shell" as preorders for the highly anticipated video game console have been delayed due to President Donald Trump's sweeping new tariffs. Preorders for the Nintendo Switch 2 won't start on their scheduled date of Wednesday, April 9. A Nintendo spokesperson confirmed the delay to the Daily Voice on Friday, April 4. Nintendo said the pause won't affect when the portable console will be released. "Pre-orders for Nintendo Switch 2 in the U.S. will not start April 9, 2025 in order to assess the potential impact of tariffs and e…
News
Chain Guard Dangers Force Recall Of Popular E-Bikes Due To Falling Risks
Tens of thousands of electric bicycles have been recalled due to a defect that could cause riders to fall. Specialized Bicycle Components issued the recall for more than 32,000 of its Vado and Como IGH e-bikes, the Consumer Product Safety Commission said in a news release on Thursday, Mar. 27. The problem affects e-bikes with a faulty chain or belt guard that doesn't fully cover the belt drive. Loose clothing can get caught in the exposed belt, posing a fall hazard. The recall involves e-bikes sold nationwide between March 2021 and November 2024. The e-bikes w…
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