Image source: Unsplash In a world obsessed with financial independence, it’s tempting to believe a free budgeting app is your ultimate money-saving solution. After all, DIY tools promise empowerment, visibility, and control over your spending. Many people eagerly download a sleek new finance app, set up their accounts, and trust the process. But what if … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China has planted its red flag across Latin America this century, displacing the US as the main trading partner in South America and investing more than $130bn in everything from ports to copper mines. Now … Read more
The tariff fees are typically paid on a product’s declared value rather than the retail cost. So a $170 price bump could be close to what the company’s US arm will pay to import the Watch 3 in the midst of a trade war. Many technology firms have attempted to stockpile products in the US … Read more
While Nintendo could theoretically avoid tariff impacts by moving Switch 2 production into the US, Wedbush’s Ives pointed out that the process would cost “tens of billions of dollars” and require “four to five years” to get a US factory of that scale up and running. Even then, the individual parts to make consoles like … Read more
Are US president-elect Donald Trump’s threats of tariffs an admission of American economic defeat, a tacit acknowledgement that US manufacturers can no longer compete with foreign rivals and must now find protection behind tariff walls to meet domestic demand? It seems so. Moreover, if Trump’s use of the tariffs as a weapon turns out to … Read more