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Trump Signs "Big and Beautiful" Act, Hitting New - energy Industry

Trump Signs "Big and Beautiful" Act, Hitting New - energy Industry

July 10, 2025, 2:17 pm EDT
Title: Trump Imposes 50% Punitive Tariffs on Brazil, Launches Unfair - Trade Probe

Title: Trump Imposes 50% Punitive Tariffs on Brazil, Launches Unfair - Trade Probe

July 10, 2025, 2:40 pm EDT
Ireland Revises Q1 GDP Down, Germany’s Exports Slide on U.S. Tariff Shifts

Ireland Revises Q1 GDP Down, Germany’s Exports Slide on U.S. Tariff Shifts

July 10, 2025, 3:08 pm EDT
Auckland CBD Retail Vacancy Hits 13%, Triple Wellington’s Rate Amid Mixed Pressures

Auckland CBD Retail Vacancy Hits 13%, Triple Wellington’s Rate Amid Mixed Pressures

July 10, 2025, 3:13 pm EDT
U.S. House Passes First Major Crypto Industry Regulation Bills

U.S. House Passes First Major Crypto Industry Regulation Bills

July 21, 2025, 3:40 pm EDT
More in Economy
Trump Signs "Big and Beautiful" Act, Hitting New - energy Industry

Trump Signs "Big and Beautiful" Act, Hitting New - energy Industry

On July 4, 2025, US President Trump signed the controversial "Big and Beautiful" tax and spending bill into law, which has dealt a heavy blow to the US new - energy industry.

EU - US Trade Talks Stalled, European Economic Data Under Pressure

EU - US Trade Talks Stalled, European Economic Data Under Pressure

The EU may reach a trade deal with the US by the end of this month, aiming to establish a "minimum - tariff reciprocal framework" to avoid the 10% benchmark tariff proposed by Trump. However, specific exemption clauses are still being negotiated. This stalemate is having a significant impact on the European economy.

U.S. House Passes First Major Crypto Industry Regulation Bills

U.S. House Passes First Major Crypto Industry Regulation Bills

The U.S. House of Representatives passed the Genius Act on July 17, sending it to President Trump for signature. This marks the first U.S. regulatory framework for dollar-backed crypto stablecoins. The House also approved two other crypto bills the same day.

Title: Trump Imposes 50% Punitive Tariffs on Brazil, Launches Unfair - Trade Probe

Title: Trump Imposes 50% Punitive Tariffs on Brazil, Launches Unfair - Trade Probe

Local - time on Wednesday, US President Donald Trump turned his trade anger towards Brazil, the largest economy in Latin America. He announced a 50% punitive tariff on Brazilian goods exported to the US and ordered an investigation into "unfair trade practices", which may lead to higher tariffs. The new tariff will take effect on August 1, much higher than the 10% tariff imposed on Brazil on April 2 this year.

Canada Accelerates Trade Diversification to Counter U.S. Tariff Shocks

Canada Accelerates Trade Diversification to Counter U.S. Tariff Shocks

Canada is pushing faster trade diversification to fend off U.S. tariff impacts: its U.S. export share dropped 10 percentage points to 68% between May 2024 and May 2025, with auto parts and steel hit hardest. Over the period, U.S.-bound exports fell C$7.7 billion (-15%), while gains to the UK, EU, and Asia-Pacific (C$5.7 billion, +42%) failed to offset the gap.

Trump Tariffs Jolt Australian Stocks; Gold Mining Sector Leads Declines

Trump Tariffs Jolt Australian Stocks; Gold Mining Sector Leads Declines

Australia’s stock market fell across the board on July 9, with the S&P/ASX 200 dropping 0.61% to 8,538.6 points. Markets reeled after Trump announced plans to impose 50% tariffs on imported copper (effective as early as late July) and 200% on pharmaceuticals, triggering a 13.1% daily surge in copper prices—their biggest jump since 1989.

New Zealand Central Bank Pauses Rate Cuts as Recession Risks Loom

New Zealand Central Bank Pauses Rate Cuts as Recession Risks Loom

On July 9, the Reserve Bank of New Zealand (RBNZ) kept the Official Cash Rate (OCR) steady at 3.25%, in line with market expectations. This pause brings an end to six consecutive rate cuts since August 2023, during which the rate was slashed by a cumulative 225 basis points.

Ireland Revises Q1 GDP Down, Germany’s Exports Slide on U.S. Tariff Shifts

Ireland Revises Q1 GDP Down, Germany’s Exports Slide on U.S. Tariff Shifts

Ireland’s CSO sharply revised Q1 GDP growth on July 8: annual expansion was cut to 7.4% from 9.7%, as surging U.S. pharmaceutical exports faded. The more indicative Modified Domestic Demand (MDD) was revised up to 2.0% from 0.8%, though 2024 full-year MDD growth was trimmed to 1.8% from 2.7%. GNI*, stripping multinationals’ distortions, showed 4.8% 2024 growth, highlighting GDP’s skew from cross-border capital flows.

Auckland CBD Retail Vacancy Hits 13%, Triple Wellington’s Rate Amid Mixed Pressures

Auckland CBD Retail Vacancy Hits 13%, Triple Wellington’s Rate Amid Mixed Pressures

Auckland’s downtown retail vacancy rate stands at 13%, nearly three times Wellington’s 5.3%, driven by overlapping factors. Oversupply plagues areas like Newmarket post-Westfield mall opening, requiring time to absorb excess space, while hybrid work models reduce foot traffic in the city center.

German Industrial Orders Drop More Than Expected, Clouding Euro Zone Recovery

German Industrial Orders Drop More Than Expected, Clouding Euro Zone Recovery

Germany’s industrial orders fell unexpectedly by 1.4% month-on-month in May, far exceeding the market’s projected 0.1% decline and ending a three-month recovery streak. Weak domestic demand emerged as the primary drag: domestic orders plummeted 7.8%, with the computer and electronics sector crashing 17.7%, while electrical equipment and basic metals industries also contracted.

Australian Shares Edge Up in Narrow Range; RBA Rate Decision Sparks Volatility

Australian Shares Edge Up in Narrow Range; RBA Rate Decision Sparks Volatility

Australia’s benchmark S&P/ASX 200 inched up 0.02% to 8,590.7 on Tuesday, oscillating narrowly after the Reserve Bank’s surprise decision to hold rates steady triggered intraday dips. The index briefly turned negative in early trading but recovered modestly by close.