Trump intensifies trade war with 30% tariffs on EU and Mexico

If you’re someone who relies on your morning cup of joe to function, brace yourself—your coffee habit might get pricier soon. The U.S. is considering slapping tariffs on Brazilian coffee imports, and since Brazil supplies nearly a third of America’s coffee beans, that could mean higher prices at the café or grocery store. It’s all part of a broader trade tiff, but for consumers, the bottom line is simple: your caffeine fix may soon cost more.

A well-known mall retailer that was once a household name is in serious trouble—so much so that it's considering filing for bankruptcy for the second time. This isn’t just another store closing; it’s a sign of how tough things are for traditional brick-and-mortar shops trying to survive in today’s retail landscape.

Several Asian countries are scrambling to find alternative trade partners to avoid the hefty tariffs imposed by former U.S. President Donald Trump, which are still in place. Instead of relying heavily on the U.S. market, nations like Vietnam, Thailand, and Malaysia are deepening ties with Europe, Latin America, and other Asian economies to keep their exports competitive.

The UK government is planning to introduce new measures aimed at making electric vehicles (EVs) more affordable for buyers. Heidi Alexander, a key official, hinted at upcoming policies designed to lower the upfront costs of EVs, though specifics aren’t yet clear. It’s part of a broader push to get more drivers to switch from gas-powered cars.

The Trump administration is ramping up its trade war by slapping hefty 30% tariffs on imports from the EU and Mexico. This move is likely to escalate tensions with key trading partners and could lead to retaliatory measures, raising costs for businesses and consumers on both sides.