Marius Grobler

Infinity Lounge

Category: Uncategorized

Trump tariffs live: stock markets fall after US announces new rates on 92 countries

Donald Trump orders 10% tariffs on goods imported from all countries bar those from 92 nations subject to higher levies; Mark Carney says Canada will ‘diversify’ its export marketsTrump imposes tariffs of 10% to 41% on dozens of countriesTrump signs order increasing tariffs on Canadian goodsFull list of new tariff ratesAcross the Tasman Sea, New Zealand was hit with 15% tariffs.The country’s trade minister Todd McClay said he was hoping to have talks with his US counterparts.We will be making the case about why this shouldn’t have happened, and engaging very, very quickly again with US officials to clarify this and to seek changes around the new tariffs put on New Zealand exporters. Continue reading…

Trump to blame for high cost of living, Americans say in new poll

Six out of 10 Americans fault president for financial struggles and eight out of 10 worry about tariffs’ impactAmericans are struggling financially, grappling with debt and the rising cost of living, and are blaming the Trump administration and corporate interests for worsening economic outlooks for working families, according to a new poll.Six out of 10 Americans place blame on the Trump administration for driving up their cost of living, according to a poll conducted by Morning Consult for the Century Foundation, which asked 2,007 Americans how they are managing the high cost of living in the US economy, who they think is to blame and what are the solutions. Continue reading…

Low-wage workers reeling over Trump’s looming Snap cuts as food prices rise

Experts predict changes to ‘food stamps’ program affecting millions of Americans will cause poverty and hunger to risePoverty and hunger will rise as a result of the Trump administration’s unprecedented cuts to the US federal “food stamps” program, according to experts. Low-income workers who rely on the aid are braced for dire consequences.Katie Giede, a single mother and waitress in Conyers, Georgia, is one of the 42 million Americans who use the supplemental nutrition assistance program (Snap). Even with the maximum benefit permitted, she struggles to afford food for her and her child. Continue reading…