‘It wasn’t worth the $10 tariff for a $27 purchase’: American shoppers find maybe they just won’t buy that small thing from Canada or England this year

U.S. applications for unemployment benefits decreased by 6,000 to 216,000 for the week ending November 22, according to the Labor Department, indicating that layoffs are not spiking as previously feared.

Canada has announced additional measures aimed at protecting its steel and lumber sectors, which have been adversely affected by tariffs. This initiative reflects the government's commitment to support these critical industries amid ongoing trade challenges.

Oil futures settled higher after a volatile trading session, showing resilience despite bearish signals from U.S. crude and product stock builds. The market's focus shifted towards ongoing peace negotiations between Russia and Ukraine, which are influencing trader sentiment.

Chancellor Rachel Reeves has unveiled the Budget 2025, which includes measures affecting income tax, national insurance, and benefits for various demographics in England, Wales, and Northern Ireland. Notably, the national living wage will increase, impacting workers like Luke, who will see a slight rise in take-home pay despite higher tax contributions.

U.S. crude oil inventories saw an increase last week, attributed to a rise in imports and a decline in exports, as reported by the U.S. Energy Information Administration. This shift reflects changing dynamics in the oil market, where net imports have become a significant factor in inventory levels.

U.S. crude oil inventories have increased due to a rise in imports and a decline in exports, as reported by the U.S. Energy Information Administration. This shift reflects changing dynamics in the oil market, where net imports have become a significant factor influencing supply levels.

Businesses outside the United States, particularly in Canada, are experiencing a decline in American customers during the holiday season due to increased costs from tariffs and additional fees. This trend highlights the impact of trade policies on cross-border commerce, especially during a peak shopping period.

Properties valued over £2 million in England will be subject to a new tax surcharge, starting at £2,500 and increasing to £7,500 for properties exceeding £5 million. This measure is part of the government's strategy to enhance revenue from high-value real estate amidst ongoing economic challenges.