Tag: Economic Policy
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Argentina’s Stock Market Plummets After Milei’s Election Defeat
The Impact of Milei’s Loss on Argentina’s Stock Market The Argentine stock market witnessed a significant drop, with the Merval index declining by 12% as a reaction to the electoral defeat of President Javier Milei’s party in the Buenos Aires province elections. This substantial decrease highlights the market’s sensitivity to political developments and investor sentiment…
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Donald Trump Tariffs: Key Decision and Exemptions
Introduction to Trump Tariffs In a significant move impacting international trade, President Donald Trump has announced new tariff exemptions for select partner countries as part of an executive order. Effective from August 8, 2025, this decision will provide relief to nations engaging in industrial export agreements with the United States. What Are Tariffs and Their…
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US Stock Market Declines Following Court Ruling on Trump Tariffs
The US stock market experienced a notable drop on the first trading day of September, with the Dow Jones Industrial Average falling by 249 points. This decline can be largely attributed to a recent ruling by a federal appeals court, which declared that most of the tariffs imposed by former President Donald Trump were illegal.…
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Swiss Entrepreneurs Unite Against Socialist Initiative on Inheritance Tax
In recent discussions surrounding economic policy in Switzerland, a significant uproar has emerged from the entrepreneurial community regarding a new initiative proposed by the Young Socialists. This initiative seeks to introduce an inheritance tax, a measure that has sparked fervent opposition across various sectors of the business community. The unanimous stance against this initiative highlights…
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Sophie Michaud Gigon on Cartel Law Revisions and Competition in Switzerland
In a crucial upcoming session, the Swiss Council of States will examine the revision of the cartel law (LCart), a moment deemed pivotal for the future of competition in Switzerland. Sophie Michaud Gigon, the Secretary General of the Federation of the Swiss Industry (FRC), has voiced her strong concerns regarding the implications of these revisions.…
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Switzerland Abandons Digital Tax to Avoid Tensions with Washington
Switzerland, long known for its diplomatic finesse, has recently shifted gears regarding its stance on a proposed digital tax aimed at American tech giants. As discussions around the digital economy continue to evolve, the Swiss Federal Council has now decided to abandon its plans for a digital tax, a move aimed at preventing potential diplomatic…
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Trump Tariffs Ruled Illegal by US Appeals Court
In a landmark decision that could reshape the landscape of international trade, a divided U.S. appeals court has ruled that most tariffs imposed during the Trump administration were not legally justified. This ruling marks a significant challenge to the former president’s trade policies, which were critiqued for their broad use of tariffs as a strategy…
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Trump Clarifies: No Tariffs on Gold Amid Confusion
In a climate already fraught with uncertainty, the recent days have seen a whirlwind of speculation surrounding potential tariffs on gold imports to the United States. This confusion was ignited by a report from the *Financial Times*, which suggested that the Trump administration could implement duties on gold—a move that sent shockwaves through global markets…