Category: Economics 100
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Targeting Drugs, Trucks, and Furniture
On September 25, 2025, President Donald Trump announced a new round of import tariffs targeting pharmaceuticals (drugs), heavy-duty trucks, and various household furnishings (including furniture, kitchen cabinets, and bathroom vanities). These measures, framed as national security protections under Section 232 of the Trade Expansion Act of 1962, aim to shield U.S. manufacturers from “unfair foreign…
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TikTok Ownership Pivot
On September 15, 2025, U.S. and Chinese officials announced a framework agreement during trade talks in Madrid, Spain, aimed at resolving long-standing concerns over TikTok’s U.S. operations. The deal seeks to transfer ownership of TikTok’s American assets from its Chinese parent company, ByteDance, to U.S.-controlled entities, averting a potential nationwide ban in the U.S. Economics…
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U.S.–EU Trade Agreement
The United States and the European Union issued a joint statement on August 21, 2025, providing detailed terms for the Framework Agreement on Reciprocal, Fair, and Balanced Trade, which was initially struck at the end of July 2025. This deal addresses trade imbalances, reduces tariffs and non-tariff barriers, enhances market access, and promotes cooperation in…
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NBIM Israeli Divestment
Norway’s $2 trillion sovereign wealth fund—the world’s largest—announced it anticipates further divestments from Israeli companies as its review of holdings tied to the situation in Gaza and the West Bank continues. NBIM CEO Nicolai Tangen stated on August 12, 2025, that the fund “expects to divest from more companies” as the review continues. The ethics…
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Apple Reshores Manufacturing
Apple Inc. announced a $100 billion domestic manufacturing pledge on August 6, 2025, aimed at expanding U.S. production, as confirmed by a White House official. This commitment is part of a broader strategy to align with President Donald Trump’s tariff and trade agenda, which seeks to reshore manufacturing to the United States. The pledge is…