Trump Threatens to Increase Tariffs on EU and Canada Goods, Calls Their Economic Aggression a Threat to the US
Former President of the United States Donald Trump has once again drawn attention to trade policy by threatening to raise tariffs on imports from the European Union and Canada. In his view, these countries are jointly inflicting economic harm on the American economy. Trump made these threats during a recent speech, emphasizing the need to protect US interests amid growing globalization and competition.
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Risks of "Buy Now, Pay Later" Programs: Experts Warn of Potential Overspending
With the rising popularity of "Buy Now, Pay Later" (BNPL) programs, experts have begun to express concerns about the potential risks associated with these financing schemes. These services, which allow consumers to make purchases with deferred payments, are becoming increasingly popular among young people and those facing financial difficulties. However, as specialists emphasize, this convenient method of obtaining credit can easily lead to overspending and financial strain.
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Porsche Panamera to retain gasoline engines in its new generation
Recently, it has been reported that the Porsche Panamera will continue to use gasoline engines in the future, despite the global trend toward electric vehicles. This information comes directly from company representatives, who confirmed that the sports sedan will not be fully electric like many other vehicles on the market.
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Canada Imposes New $21 Billion Tariffs on U.S. Imports
Canada has taken another step in escalating the trade war with the United States by announcing new tariffs worth $21 billion on U.S. imports. This decision is a response to recent actions by the U.S. government, which imposed tariffs on aluminum and steel, as well as new measures to protect domestic manufacturing. This move heightens market instability and raises concerns among experts about the potential consequences for both economies, which are closely intertwined.
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Explosion Causes Production Halt at Toyota RAV4 Plant in Canada
At the Toyota manufacturing plant in Windsor, Canada, an explosion occurred, forcing the pause of production of the popular RAV4 crossover. The incident happened on October 17, 2023. Preliminary reports indicate that the explosion was caused by a gas leak. Four individuals were injured and were immediately taken to the hospital for medical assistance. Fortunately, no fatalities were reported.
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Trudeau Aiming to Discuss Tariffs with Trump After Calling Them 'Very Dumb'
Canadian Prime Minister Justin Trudeau expressed hope for a meeting with U.S. President Donald Trump to discuss the tariffs on goods imposed by the American administration. Trudeau did not hide his dissatisfaction, labeling the current tariffs as "very dumb."
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BlackRock Acquires Strategic Ports in the Panama Canal
BlackRock, one of the largest investment management companies in the world, is making a strategic move by purchasing several ports located in the Panama Canal. This deal highlights the growing interest of leading financial institutions in key infrastructure assets that have significant potential for growth and profitability.
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Trudeau Responds to Trump: Canada Will Not Back Down in Trade War and Calls Tariffs "Very Dumb"
Canadian Prime Minister Justin Trudeau has stated that his country will not back down in the trade war with the United States, despite Washington imposing tariffs on steel and aluminum. In a recent interview, Trudeau emphasized that Canada is shocked by the actions of the U.S. authorities, which he believes threaten free trade and economic ties between the countries. He described the introduction of import duties as "very dumb" and short-sighted steps that could damage both economies.
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Canada Introduces Retaliatory Tariffs on $155 Billion of American Goods
Canadian Prime Minister Justin Trudeau has announced the imposition of new tariffs on imports from the United States. These measures will affect goods worth approximately $155 billion and will reach 25%. The retaliatory tariffs were deemed necessary due to recent actions by the American side which, according to the Canadian government, jeopardized trade relations between the two countries.
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Carvana's New Car Sales: A Step Forward in the Industry
The platform Carvana, known for its innovations in the buying and selling of used cars, has made a significant leap forward by partnering with several dealerships to sell new cars. This business model distinction allows Carvana to expand its services, offering customers not only used vehicles but also new cars, an ambition that precedes the company’s goal of becoming a market leader.
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