Financial World

Financial World is an online platform focused on all things related to the economy and finance.

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Tariff relief on the table as Trump confirms contact with Xi Jinping

1 week ago | financial-world.org | Sededin Dedovic

US President Donald Trump announced that the current tariffs on Chinese imports could begin to be reduced. According to him, the increase in tariffs will hurt consumption, which has already started to be reflected. "I don't want to increase the percentage because at some point people stop buying," the president said. He also stated that he had contact with Chinese President Xi Jinping but did not reveal the details of the conversation.
Temu and Shein announce price hikes for U.S. customers

1 week ago | financial-world.org | Sededin Dedovic

Chinese online shopping platforms Temu and Shein have announced that they will soon raise prices for their US customers. The changes are set to take effect on April 25, with both companies citing rising operating costs due to global tariff tensions.
Exports to U.S. drive Japan’s March growth

1 week ago | financial-world.org | Sededin Dedovic

Japan's exports rose for the sixth straight month in March, government data showed on Thursday. The short-term boost in trade was driven by fears of political uncertainty, which has prompted much of the world to buy ahead of potential future disruptions. Many economies worldwide have reported export gains this month, including China, which has been directly involved in the trade tensions.
Volkswagen freezes U.S. vehicle prices until May’s end

1 week ago | financial-world.org | Sededin Dedovic

Volkswagen has decided to keep its current prices for its vehicles in the US market until the end of May to keep customers interested and attract them to the stores before prices are "unfrozen" again. Kjell Gruner, Volkswagen's head of North America, spoke at the New York International Auto Show, where he warned that uncertain times are coming and the political environment will be difficult to predict. "We want to instill confidence in our customers and dealers by the end of May," Gruner said.
Silicon Valley investor warns: 'Big companies are lying, AI will take your job'

1 week ago | financial-world.org | Sead Dedovic

Artificial intelligence could change the future of humanity, although it has already succeeded in doing so. However, significantly greater changes are expected in the future, when AI could replace humans in many jobs. This causes concern among many. Victor Lazarte, a partner in the financially powerful investment fund Benchmark, warned in an interview with the media what a danger AI poses when it comes to taking over jobs. - Big companies say: 'AI does not replace people, it empowers them'.
Nvidia invests in AI supercomputing plants across America

1 week ago | financial-world.org | Sead Dedovic

It seems that not a single day can pass without mentioning Donald Trump, an important figure not only in the political and economic sphere, but also in the technological sphere of life. The president of the US makes interesting moves; he wants to be involved in various projects.
North America preparing for a trade downturn as Trump’s tariffs loom large

1 week ago | financial-world.org | Sead Dedovic

The World Trade Organization (WTO) is worried about the consequences of Donald Trump's tariffs on North America. The US president makes controversial moves, which could lead to disaster everywhere, especially in this part of the planet Earth. The WTO pointed out that they expected an increase in trade in goods by 2.7 percent, but the sudden moves of the US president expected a decrease of 0.2%.
Meta faces lawsuit: could Instagram and WhatsApp be sold?

1 week ago | financial-world.org | Sead Dedovic

The trial that started this Monday in Washington could have a huge impact on the future of the technological giants and the world in general, and especially on the position of one of the most powerful companies today - Meta. This company, which was known as Facebook a few years ago, is facing accusations that by buying Instagram and WhatsApp, it eliminated competition and consolidated its monopoly on the social network market.
Stellantis chief slams U.S. and EU policies, says China pulling ahead in auto race

1 week ago | financial-world.org | Sededin Dedovic

The president of the Stellantis automobile concern, John Elkann, expressed concern about the state of the automotive industry in the United States and Europe, emphasizing that current trade and regulatory policies are a threat to its survival. According to him, additional tariffs and strict regulations on harmful gas emissions are making it difficult for manufacturers from the Western world to operate, while competition from China is advancing rapidly.
White House announces tariffs up to 245% in response to China’s actions

1 week ago | financial-world.org | Sededin Dedovic

The US has tightened its trade measures against China, imposing new tariffs of up to 245 percent. "China now faces a 245 percent tariff on imports into the United States as a result of its retaliatory actions," the White House said. The new directive by the US administration has launched a national security investigation into imports of strategically important raw materials. It is part of Washington's broader response to what it says are unfair trade policies by Beijing.