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United States imposes 12.5% tariff on select Colombian imports
La RepúblicaLO·US · CO·3 days ago
The White House's new tariff regime is projected to generate $105 billion annually, covering only 60% of the revenue lost following the Supreme Court's invalidation of previous emergency duties. The shortfall stems from the narrower scope and increased exemptions in the new policy compared to the original measures.
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Large-scale wildfires are actively spreading across France and Spain, particularly threatening Bordeaux and Madrid, leading to mass evacuations and significant atmospheric impact. Concurrently, global markets are exhibiting increased volatility, with the VIX rising and the Japanese Yen reaching a 40-year low. The full extent of property damage and the long-term economic impact of both situations remain unclear.