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US East Coast Snowstorm Cancels thousands of Flights Snowstorms ravaged the US East coast Monday, affecting millions and causing more than 5,700 cancellations of flights. Snowfall records, power failures, and hazardous travel conditions were all part of the storm. Northeastern Snowfall is Historic Rhode Island, Massachusetts and Connecticut were the hardest hit. Providence, Massachusetts received 36 inches more snow than the 1978 record. Central Park in New York City received over 19 inches. National Weather Service reported that some parts of Rhode Island had received 37 inches or more snow. The weather warnings covered parts of the eastern Canada, from North Carolina up to Maine's northern coast. NWS meteorologist Candice hrencecin described the record-breaking snowfall as "shocking". Travel Bans and Hazardous Roads Massachusetts, Rhode Island, Connecticut and Connecticut have all banned travel that is not essential to the safety of their citizens. White-out conditions can make roads dangerous. Officials have warned residents of this danger. Some residents felt trapped and were unable to leave home for several days. During the ban on travel, New York City closed all highways, bridges and roads. The police investigated an incident wherein officers in Washington Square Park were attacked with snowballs.
BusinessWeather

US East Coast Snowstorm Cancels Thousands of Flights

A historic US east coast snowstorm hit the region on Monday, leaving millions of people stranded and grounding over 5,700 flights. From Rhode Island to New York, heavy snow, strong…

Trump's New Tariffs Start at Lower Rate Amid Confusion US President Donald Trump's new global tariffs have officially taken effect at 10%, lower than initially promised. The move comes after the Supreme Court blocked some of his broader import tax plans last Friday. Trump initially announced a 10% global tariff, then suggested it could rise to 15%. Official documents, however, show the rate started at 10% from Tuesday, with no immediate instructions to raise it. A White House official told Reuters that the administration is working to update the rate to 15%, but the timing remains unclear. Businesses Face Uncertainty Carsten Brzeski, an analyst at investment bank ING, said the rapid changes "add to the chaos and mess" for businesses. He warned that the risk of a full-scale trade war is now higher than last year. Trump’s executive order Friday stated the temporary 10% duty is meant to "address fundamental international payments problems and continue the Administration's work to rebalance trade relationships in favor of American workers, farmers, and manufacturers." The tariffs are being applied under Section 122 of the 1974 Trade Act, allowing the president to impose them for 150 days without Congress approval. Trade Deficit Concerns The president argues tariffs help reduce America’s trade deficit, which reached $1.2 trillion last year, up 2.1% from 2024. The US has already collected at least $130 billion in tariffs using the 1977 International Emergency Economic Powers Act (IEEPA). However, the Supreme Court ruled last Friday that Trump overstepped his authority with IEEPA-based tariffs. This raises the chance for businesses to claim refunds. FedEx has already filed for a "full refund" on taxes paid, and campaign group We Pay The Tariffs represents over 900 US companies demanding refunds. Experts doubt the government will return the money quickly, with Trump warning the matter could be contested in courts for up to five years. Justice Brett Kavanaugh called the refund process "likely to be a mess." Mixed Reactions from Businesses Fraser Smeaton, CEO of UK costume company Morph Costumes, said paying the 10% tariff instead of 20% is a relief. But uncertainty remains. His business imports products from China and exports to the US, and he has had to reserve funds in case of sudden tariff changes. Many companies, including his, are tracking payments to claim refunds on unlawful IEEPA tariffs. Smeaton asked, "The fact that we're at 10% rather than 20% is better, but will it stay that way?" The fast-changing tariff policies have left businesses scrambling to adapt, with potential global trade repercussions looming.
BusinessUnited States

Trump’s New Tariffs Start at Lower Rate Amid Confusion

US President Donald Trump's new global tariffs have officially taken effect at 10%, lower than initially promised. The move comes after the Supreme Court blocked some of his broader import…

US Supreme Court blocks Trump Tariffs; Asia faces new trade uncertainty The US Supreme Court has struck down many tariffs introduced by President Donald Trump in 2025. This ruling disrupts months of talks between Washington, key Asian allies and has added a layer of uncertainty in regional trade. Trump soon announced his plans to introduce new tariffs on imported goods of 15%. US Customs confirmed that they will stop collecting the duties related to earlier tariff measures. The sudden change in policy has forced Asian governments to rethink and review their current positions. Trade Deals Under Pressure In order to reduce tensions in the trade, several countries including India and Indonesia had been talking with Washington for months. Some countries pledged to invest billions in the US in order to get better terms. Now, the court's ruling casts doubts on those agreements. Analysts warn of high uncertainty despite the fact that 15 percent is a lower rate than previous rates. Adam Samdin, from Oxford Economics, said that the US government still wants to keep higher tariffs despite legal setbacks. He pointed out that recent trade deals lack the legal protections found in more traditional trade agreements. This leaves the door open for policy to be changed suddenly. Asian smaller economies might be cautious. The economic prospects of smaller Asian economies could be heavily dependent on Washington. Many governments will avoid confrontation and instead quietly explore alternatives. China reviews impact ahead of key meeting China also reviews the consequences of the decision. Beijing has confirmed that it will assess the potential impacts and the full content of this decision. The officials reiterated that they oppose unilateral tariff increases and warned against trade wars. This development occurs as China is preparing to host Trump at the beginning of April. Despite this legal setback US Trade Representative Jamieson Grer stated that he did not anticipate the ruling to have an impact on talks with Chinese president Xi Jinping. Greer said that the main focus will be to maintain stability, and ensure China keeps its existing commitments. This includes purchasing American agricultural products, and Boeing aircraft. What this Means to Asia Trade tensions have not been eliminated by the Supreme Court's decision, which changed Trump's legal basis for his tariff policy. The Asian countries must decide whether they want to negotiate new terms or wait for more clarity. They can also choose to strengthen their ties with trading partners. Markets may be volatile in the short-term as companies seek to understand future tariff structures. The ruling may have a long-term impact on how the United States negotiates and enforces trade agreements.
BusinessUnited States

US Supreme Court blocks Trump Tariffs; Asia faces new trade uncertainty

The US Supreme Court has struck down many tariffs introduced by President Donald Trump in 2025. This ruling disrupts months of talks between Washington, key Asian allies and has added a…

India and US defer trade talks after Supreme Courts tariff ruling
BusinessUnited States

India and US Postpone Trade Talks Following Supreme Court Ruling

India and the US postponed their trade negotiations this week to examine the implications of the recent US Supreme Court decision. The US Supreme Court ruled that the global tariffs of…

fans split as AI exec takes over Microsofts top gaming role
BusinessInformation Technology

Microsoft Gaming Executive Leads AI Future of Xbox Reaction from Fans

Microsoft announced that it would be making a significant change to its leadership in the gaming sector, leaving Xbox enthusiasts divided. Phil Spencer and Xbox President Sarah Bond, who have been…

Canada Trade Diversification Drives Global Mission The Canadian Prime Minister Mark Carney spearheads a Canada Trade Diversification Initiative by visiting India Australia and Japan in this week. It is a goal to lessen Canada's dependence on the United States, and increase trade across multiple sectors. Canada and India Renewing Relations amid Trade Diversification The relationship between Canada and India has cooled since former Prime Justin Trudeau claimed that New Delhi was involved in the murder of a Sikh Separatist in Canada 2023. Carney, as part of Canada's trade diversification, invited PM Narendra Modi at the G7 Summit in Kananaskis in Alberta and engaged in high level talks to restart trading discussions. The Canadian foreign minister Anita Anand visited India to meet Modi, and the Foreign Minister S Jaishankar. This visit was also designed to support trade diversification. Exporting trade beyond the US Carney's visit focuses on sectors like energy and AI, as well as defense, vital minerals, maritime safety, food security, and. Canada Trade Diversification goals, in response to US tariffs for metals and automobiles, call on Canada to double non US exports over the next decade. Currently, 75 percent of Canadian exports are sent to the United States. Carney stated that Canada is focusing on the things it can control in a world of uncertainty. We are diversifying our trade and attracting investment in order to provide opportunities for businesses and workers. Canada has also reduced tariffs for Chinese agricultural products. Carney emphasized economic independence during his Davos address, calling for countries to resist coercion from major powers. USMCA and Trade Relations between Canada and United States US Supreme Court has recently struck down tariffs that were sweeping, however, tariffs remain on cars, steel and aluminum. The USMCA is being renegotiated by Canada, Mexico, and the US. A decision should be made this summer. Canada and Mexico are in favor of keeping the USMCA, but US officials may be more interested in bilateral agreements. Canada Trade Diversification has been at the forefront of these discussions, as Canada seeks stable non-US trading channels.
Business

Canada Trade Diversification Drives Global Mission

The Canadian Prime Minister Mark Carney spearheads a Canada Trade Diversification Initiative by visiting India Australia and Japan in this week. It is a goal to lessen Canada's dependence on the United States, and increase trade across…

Trump announces higher tariffs for countries manipulating trade deals Donald Trump, the US president, has warned that he will impose higher tariffs against countries who he believes are playing "games" with trade agreements. The Supreme Court has blocked the US President's global tariff plan. Trump posted on Truth Social that "Any country who tries to exploit the Supreme Court decision, especially those countries that have ripped off the US for years, will be facing much higher tariffs," Trump wrote. "Buyer beware." The Supreme Court ruled Trump had exceeded his powers under the 1977 International Emergency Economic Powers Act, which was the foundation for the majority of Trump's second term tariffs. New Tariffs for Global Trade Trump announced initially a global 10% tariff. He quickly increased it to 15% effective Tuesday. The tariffs are aimed at imported products, which companies that bring them to the US must pay. Despite the Supreme Court's ruling, which limits its previous power, there are still a variety of tariffs that apply to certain countries and products. Certain goods are excluded. US Trade Representative Jamieson Greer said that the Administration is looking for legal ways to keep similar tariffs, even though current legislation cannot last longer than 150 days without Congress approval. Trump claims that he doesn't need any further approval because prior authorizations are sufficient. Democratic Opposition Chuck Schumer, Senate Democratic Leader warned Democrats that they would not allow the tariff plan to be extended beyond 150 days. He said that he would continue to oppose Trump's tariff taxes, citing the negative economic impacts on businesses and consumers. Trump has claimed that tariffs protect the national security, boost manufacturing in America, and create jobs. However, critics point out that tariffs can increase consumer prices, and harm the global economic system. According to a Federal Reserve Bank of New York study, US businesses absorbed 90% of tariffs imposed on imports coming from Mexico, China and Canada. International Impact The new global tariff rate of 15% will affect countries like the UK that negotiated special rates for their trade with the US. British officials expect that their current favorable trade position will continue, despite these changes. Businesses around the world report dealing with uncertainty due to constantly changing tariffs. Fraser Smeaton is the co-founder and CEO of a UK company that exports 60% of their products to the US. He described last year's tariff fluctuation as "rollercoaster" with rates ranging from 0% up to 145%. Trump called the Supreme Court's ruling "ridiculous and anti-American." There are still questions about the refunds that companies and consumers may be entitled to for roughly $130 Billion in tariffs paid by the IEEPA. Treasury Secretary Scott Bessent believes that lower courts will resolve the issues and maintain tariff revenues.
BusinessUnited States

Trump announces higher tariffs for countries manipulating trade deals

Donald Trump, the US president, has warned that he will impose higher tariffs against countries who he believes are playing "games" with trade agreements. The Supreme Court has blocked the US…

Chart showing U.S. trade deficit trends in 2025 amid Trump tariffs
Business

US and Indonesia Finalise Tariff Deal, Rates Cut to 19%

The United States and Indonesia have agreed to reduce US tariffs on Indonesian goods from 32% to 19%. Officials from both sides confirmed that they finalised the deal during high…

Asos co-founder dies after Thailand apartment block fall
Business

Asos Co-Founder Quentin Griffiths Dies in Thailand

Early Life and Career Quentin Griffiths, one of the original co-founders of fashion giant Asos, has passed away in Thailand. He co-founded the company in London with Nick Robertson, Andrew…

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BusinessUnited States

Trump Tariffs Supreme Court Blocks Global Levies

The US Supreme Court has blocked several of Donald Trump's global tariffs, ruling that the law he used did not allow him to impose them. This decision could lead to…

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