EU to double steel import tariffs to 50%, matching US rates and escalating trade tensions with China

https://finance.yahoo.com/news/eu-propose-doubling-tariff-rate-092936456.html The European Union plans to hike tariffs on its steel imports to 50%, according to a draft proposal seen by Bloomberg. The move will align the bloc’s rate with the US, which has sought to push back against overcapacity from China. The EU currently has a temporary mechanism in place to safeguard its steel …

READ MORE

40% of Russell 2000 companies are unprofitable, nearly matching the 2008 crisis peak.

Nearly 40% of Russell 2000 companies are losing money, bringing back memories of the worst days of the 2008 crisis. This shows there is serious trouble brewing beneath the surface. By the second quarter of 2025, 42% of these firms reported negative earnings, way up from 14% twenty years ago. But it’s not just about …

READ MORE

Average weekly hours worked are now at 34.1, matching the lowest since the Great Financial Crisis.

Fewer hours worked means less money in pockets, and it signals weak labor demand. Yet the media still pushes the narrative of a “strong labor market.” ⚠️Americans work the LEAST hours since the aftermath of the Great Financial Crisis: Average Weekly Hours worked came at 34.1 in February, in line with the lowest level in …

READ MORE

December PPI rises 0.4%, annual increase hits 3.3%, goods lead with 0.7%, matching expectations.

January 14, 2025. The report shows that the prices for final demand goods increased by 0.6% in December, which was in line with expectations. The 9.7% jump in gasoline prices significantly contributed to this overall increase. Here’s a detailed breakdown of the latest Producer Price Index (PPI) report for December 2024: Producer Price Index (PPI) …

READ MORE

A man matching the name and description of the terror suspect accused of plowing through a crowd in New Orleans, shared a video introducing himself four years ago on YouTube.

by External-Noise-4832 NBC – Four senior law enforcement officials briefed on the matter say they have preliminarily identified the suspect in the vehicle ramming attack in New Orleans as Shamsud Din Jabbar, 42. Din Jabbar, 42, is accused of intentionally plowing a pickup truck into New Year’s revelers at about 3:15 a.m. on Bourbon Street, authorities said. …

READ MORE

Over 12 Million Encounters Expected in Biden’s First Term, Nearly Matching 3 Previous Terms Combined… Elon Musk Reacts: ‘Insane.’

Insane https://t.co/QNSDIRtcZ7 — Elon Musk (@elonmusk) January 7, 2024 Insane, but true.We have a regime hell bent on flooding our county with illegals.Funny thing…it's seems the EU has the same issue at the same time? pic.twitter.com/9jRs3xllJD — floridanow1 (@floridanow1) January 7, 2024 Biden told us this would happen in 2015. pic.twitter.com/JtZpGaIxV7 — Carry (@boatgirl3) January …

READ MORE

Whistleblower: Fox News Is Matching Employee Donations to the Satanic Temple, Far-Left LGBT Activist Organizations

Fox News’ viewership has historically leaned right and favored Republican causes. While the company wears a conservative face on air, it appears that behind closed doors, Fox is willing to lean left or in whatever other direction the wind is blowing. Insiders have revealed to Blaze Media that Fox will subsidize some of the very …

READ MORE

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.