US President Donald Trump signed an executive order ending the global de minimis tariff exemption for low-cost goods, effective August 29, expanding previous restrictions that targeted China and Hong Kong. The White House cited concerns over opioid trafficking and duty evasion as reasons for the move, which aligns with Congress’s plans to eliminate the exemption by 2027.
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Employers added 73,000 jobs in July, falling short of forecasts
Employers in the U.S. added 73,000 jobs in July, falling short of the expected 115,000, while the unemployment rate rose to 4.2%. Analysts suggest that the slowdown in job growth may be linked to increased tariffs impacting the economy, indicating a potential economic downturn ahead. Want More Context? 🔎
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