When Elon Musk displayed a chainsaw on TV, vowing to reduce government spending, many Americans were pleased, while others were alarmed. However, neither side addressed the true issue of government inefficiency or how to solve it. Musk’s recent change in approach, recognizing the need for caution and strategic planning, indicates that the Department of Government […]
A 25% increase was implemented for residential subscribers in electricity, 15% for public and private services, 10% for industry, and 12.4% for agricultural activities. There was no change for residential subscribers in natural gas prices. According to the Energy Market Regulatory Authority (EMRA), a 25% increase was put in place for residential subscribers in electricity. […]
When President Trump gave an overview of America’s trade concerns from the Rose Garden, Democrats likely didn’t anticipate his adoption of their stances and support bases. For decades, Democrats have advocated for American farmers and workers, with the Midwestern farmer, Detroit auto worker, and Rust Belt steel worker benefiting from their backing. Republicans, on the […]
The most recent long-term projections from the Congressional Budget Office highlight the unsustainability of our current fiscal path. While not surprising, this does beg the question: “How did we end up here?” Misleading answers may be circulating. According to the latest data provided by the Treasury Department, the total debt held by the public has […]
Minister of Treasury and Finance Mehmet Şimşek stated, “We will continue to support production and exports in line with our sustainable current account deficit target.” Minister Mehmet Şimşek made evaluations regarding foreign trade on his social media account. In his post, Şimşek used the following expressions: The annual foreign trade deficit improved by 7.3 billion […]
Non-farm employment in the US increased by 228,000 in March, surpassing expectations. The unemployment rate in the country rose from 4.1% to 4.2%. The US non-farm employment data, closely monitored by markets, has been released. Non-farm employment in the US increased by 228,000 in March, surpassing expectations. The unemployment rate in the country rose from […]
Concerns that trade wars would intensify led to a sharp drop in oil prices. For the first time since August 2021, Brent crude oil fell below $65 per barrel. The barrel price of Brent crude fell by 7% to below $65 per barrel for the first time since August 2021. The expectation that global trade […]
Make way, Smoot and Hawley. President Trump has declared himself as America’s top protectionist, and he’s initiating a worldwide trade conflict to demonstrate it. Trump implemented a minimum 10 percent tariff on all imports and additional “reciprocal” tariffs on 60 other countries selling goods to the U.S. He referred to it as “Liberation Day” to […]
Tension is escalating in global trade. China has announced a 34% tariff on US goods. The strain in the global economy has reached its peak. Retaliation from China against US tariffs has emerged. The China Ministry of Commerce revealed a comprehensive tariff package targeting the US. Starting from April 10, China declared that an additional […]
US President Trump unveiled a $5 million Golden Card designed for wealthy immigrants. So, what purpose does this card with Trump’s image serve? President Donald Trump showcased the design of the new $5 million “golden card” to journalists aboard Air Force One. The card features Trump’s own image. According to the New York Post, in […]
