On October 7, 2025, the European Commission announced that it would double the steel import tariff from the current 25% to 50%, and at the same time reduce the import quota by nearly half to 18.3 million tons per year.
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On the local time of September 29, U.S. President Trump once again unveiled a heavyweight tariff plan on social media: imposing a 100% tariff on all films produced outside the United States, while levying high tariffs on countries whose furniture is "not manufactured in the United States".
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Recently, the United States has imposed a 39% tariff on the French cosmetics industry and India plans to impose retaliatory tariffs on the United States, which constitute typical examples of the current rise of global trade protectionism.
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Recently, according to Reuters, the price of beef in the United States has risen to a historical high, and this price level is becoming a driving factor for business operations and market structure adjustment.
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On September 25th local time, the US coffee chain Starbucks announced that it would lay off 900 employees and close approximately 100 underperforming stores, including its iconic Seattle Roastery stores.
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In recent years, shopping centers across the United States have undergone unprecedented changes. As national chains continue to shut down, vacancy rates are rising—ironically creating rare opportunities for many local small businesses.
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The Trump administration, using tariffs as a weapon, attempted to restore the glory of "Made in the USA".
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Recently, US President Trump has once again brandished the tariff stick, targeting daily medicines and heavy trucks under the guise of "national security".
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To boost its brand image and improve its financial performance, Starbucks has announced a restructuring plan worth a total of 1 billion US dollars (1.3 billion Singapore dollars), which includes laying off 900 employees and closing some stores.
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When South Korean President Lee Jae-myung issued a warning that "cash investment without a currency swap agreement will trigger a 1997-style financial crisis", the game over 350 billion US dollars of investment in the United States has gone beyond the bilateral economic and trade scope and become a touchstone to test the resilience of the South Korean economy.
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On November 14th, local time, the Ukrainian army launched a large-scale joint attack on the Russian Black Sea port of Novorossiysk.
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