Steel manufacturer invests in new factory following Trump tariffs

Facebook Twitter LinkedIn Email Reddit WhatsAppIn March, President Trump imposed a 25% tariff on imported steel, hoping to bolster US manufacturing. JSW Steel USA may finally be the saving grace to his policy, as it invests $500 million in a new US manufacturing plant. The Indian-owned company will not only invest half a billion dollars in the new factory, but it will also allocate another $500 million to revamp one of its old US factories in Baytown, Texas. The new factory will be an Acero Junction factory in Mingo Junction,…

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Fans Are Using Their World Cup IDs To Request Asylum

Facebook Twitter LinkedIn Email Reddit WhatsAppFive people used their World Cup IDs to enter Finland and then request asylum, the Finnish border said on Wednesday. Match ticket holders for this year’s World Cup have permittance to enter Russia without a visa. From there, they can travel across the country’s land border, which is shared with Finland. Finland is in the European Union’s Schengen zone, so it does not require passport checks while moving across borders. Those individuals who have requested Finnish asylum are Nigerian, Moroccan and Chinese nationals. Finnish border…

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China’s stock market in shambles after tariff threats

Facebook Twitter LinkedIn Email Reddit WhatsAppLooming trade war troubles China   China’s stock market took a massive blow on Tuesday amidst fears of a trade war with the United States. Over a thousand stocks fell by more than 10%, and the Shanghai Composite Index dropped below 3,000 – its lowest point since 2016. Following the confirmation of President Trump’s announcement that the U.S. will impose tariffs on $50 billion worth of Chinese goods, China announced that it would impose its own tariffs on the same amount of U.S. goods. Trump…

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Bithumb most recent crypto exchange to get hacked

Facebook Twitter LinkedIn Email Reddit WhatsAppCrypto hacks continue Cryptocurrency rates fell as South Korean crypto exchange firm Bithumb gets hacked on Wednesday – the second firm in a month to be breached. Bithumb reported on Wednesday that hackers stole roughly 35 won ($32 million) in cryptocurrencies, with the majority being Ripple. After the breach, the company froze all cryptocurrency deposits and withdrawals to better investigate the source of the hack. Additionally, Bithumb announced that it will compensate all victims of the hack and move all assets to a more secure…

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Trump Threatens To Impose More Tariffs On Chinese Goods

Facebook Twitter LinkedIn Email Reddit WhatsAppTrump tariffs trigger trade war   This Monday, President Trump stated that he will impose a 10% tariff on $200 billion worth of Chinese goods. On Friday, the president announced that he planned to impose a 25% tariff on $50 billion worth of Chinese goods. The same day, the Chinese government reported that it would retaliate against these tariffs by imposing its own tariff on $50 billion worth of U.S. goods. Said goods would include agricultural goods, cars, seafood, and more. Trump defended the escalation…

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