Key PointsPresident Donald Trump’s tariffs on aluminum imports are spurring growth in recycling as consumers try to avoid additional costs from duties.Recycling the metal consumes just 5% of the energy it takes to produce the same amount of primary aluminum through a smelter, making it more environmentally friendly.The strong dynamic could change trade flows, making the U.S. — which largely exports its scrap metal — an importer.U.S. President Donald Trump’s 50% tariffs on aluminum imports are aimed at reviving its factories, but a greener and more profitable boom may be emerging from the nation’s scrap yards. The protectionist trade policy,…
Author: usaeverydaylife
US President Donald Trump delivers remarks at the “Winning the AI Race” AI Summit at the Andrew W. Mellon Auditorium in Washington, DC, on July 23, 2025.Andrew Caballero-Reynolds | AFP | Getty ImagesA trade agreement between the European Union and U.S. could be imminent, however with no guarantees Brussels continues to prepare retaliatory measures.A 15% baseline tariff rate, which includes an around 4.8% duty currently in place, is currently the base-case scenario for EU imports to the U.S., an EU diplomat told CNBC on Wednesday. However, there could also be some exemptions that are still being worked out, they added.The…
Chinese President Xi Jinping (3rd-L) speaks with President of the European Commission Ursula von der Leyen, President of the European Council Antonio Costa and High Representative for Foreign Affairs and Security Policy and Vice-President of the European Commission Kaja Kallas, during the opening remarks of the 25th European Union – China Summit at the Great Hall of the People in Beijing on July 24, 2025. Andres Martinez Casares | Afp | Getty Images As Chinese President Xi Jinping vowed to deepen ties with the European Union, the bloc’s top official raised concerns over a growing trade imbalance, underscoring the strains…
White sandy beaches and mild, sunny climates have long been features of the archetypal American retirement. But perhaps not anymore.New Hampshire, a state known more for its skiing than its sunshine, was named the best U.S. state to retire in Bankrate’s 2025 rankings. The financial services website ranked all 50 states based on 15 metrics, including affordability, health care and weather. The study used data from a variety of sources, including the Council for Community and Economic Research, the National Oceanic and Atmospheric Administration and the U.S. Department of Health and Human Services.The metrics were weighed according to survey responses gathered…
A Thai F-16 fighter jet bombed targets in Cambodia on Thursday, both sides said, as weeks of tension over a border dispute escalated. Str | Afp | Getty ImagesA Thai F-16 fighter jet bombed targets in Cambodia on Thursday, both sides said, as weeks of tension over a border dispute escalated into clashes that have killed at least two civilians.Of the six F-16 fighter jets that Thailand readied to deploy along the disputed border, one of the aircraft fired into Cambodia and destroyed a military target, the Thai army said. Both countries accused each other of starting the clash early on Thursday.”We have used air power against military targets as planned,” Thai army deputy spokesperson…
Oil giant TotalEnergies posts 23% fall in second-quarter profit on weaker crude prices Poster and logo on the Coupole Tower, compagny Total’s head office renamed TotalEnergies in 2021 in the La Defense business district west of Paris in Courbevoie, France on 7 June 2024.Antoine Boureau | Afp | Getty ImagesFrench oil giant TotalEnergies on Thursday reported a significant fall in second-quarter earnings, against a backdrop of lower prices for oil and liquified natural gas. The energy major posted second-quarter adjusted net income of $3.6 billion, reflecting a 23% drop from the same period a year earlier. Analysts had expected TotalEnergies’…
Bottles from the Spanish cooking and extra virgin olive oil brand Carbonell are seen displayed for sale at a supermarket.Sopa Images | Lightrocket | Getty ImagesSpain’s Deoleo, the world’s largest olive oil producer, says U.S. President Donald Trump’s threat to impose 30% tariffs on imports from the European Union could translate into higher prices for U.S. consumers — as well as limited access to a superfood staple.Trump has threatened to raise tariffs on the 27-member bloc from Aug. 1, in what would mark a steep jump from the current 10% duty.The EU has long been scrambling to reach a trade…
U.S. President Donald Trump holds an executive order related to AI after signing it during the “Winning the AI Race” Summit in Washington D.C., U.S., July 23, 2025. Kent Nishimura | ReutersU.S. President Donald Trump has vowed to keep “woke AI” models out of Washington and to turn the country into an “AI export powerhouse” through the signing of three artificial intelligence-focused executive orders on Wednesday. The phasing out of diversity, equity and inclusion (DEI) initiatives — an umbrella term encompassing various practices, policies, and strategies aimed at fostering a more inclusive and equitable culture — has been a major focus…
A KKR logo displayed on the floor of the New York Stock Exchange on Aug. 23, 2018.Brendan McDermid | ReutersThe private credit industry is ramping up its focus on Asia-Pacific, drawn by a combination of evolving capital markets and expanding funding gaps as traditional bank lending pulls back.The region is also fast emerging as a focal point for private credit investors seeking fresh opportunities outside of the more saturated markets of the U.S. and Europe, industry experts told CNBC.”Asia is undeniably emerging as a significant private credit growth hotspot,” said Nicholas Cheng, head of the private markets group at Standard…
BINZHOU, CHINA – JULY 11, 2021 – Senior citizens rest in Binzhou, East China’s Shandong Province, July 11, 2021.Cfoto | Future Publishing | Getty ImagesChina is planning to offer subsidy coupons to seniors in a rare use of direct fiscal support as Beijing seeks to ease the financial strain on its aging population and drive consumption of elderly-care services.The allowances will be paid monthly in the form of electronic coupons to cover part of the costs for seniors’ care services, according to a joint statement issued by the ministry of civil affairs and ministry of finance on Wednesday.Chinese policymakers have…
