Jefferies Financial Group's fund has taken a massive hit, with nearly a quarter of its $3 billion trade finance portfolio tied to the now-bankrupt First Brands Group. The bank's total exposure reaches $161 million.
The US has implemented a 25% tariff on imported auto parts, potentially increasing vehicle prices and repair costs. This move, part of Trump's push for domestic manufacturing, has far-reaching implications for car owners.
In a surprising shift, President Trump plans to ease tariffs on foreign automakers, aiming to support U.S. manufacturing jobs. This move comes just ahead of a Michigan rally celebrating his first 100 days in office, as concerns about the economy linger.
President Trump's new 25% tariffs on imported cars are shaking up the automotive industry, leading to layoffs, shipment pauses, and a rush of buyers trying to beat rising prices. What does this mean for you?
In a bold move, President Trump threatened to impose significantly higher tariffs on the EU and Canada if they retaliate against his economic policies. As tensions rise, both sides prepare for potential fallout.