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Trump Moves to Impose 10% Global Tariff After Court Setback

                                                        U.S. President Donald Trump In the wake of a major Supreme Court defeat, President Donald Trump announced that he will sign an executive order to impose a 10% global tariff on U.S. trading partners. The move comes just hours after the Court struck down his earlier sweeping tariff measures, ruling 6–3 that he had exceeded his authority under emergency powers.  Trump said the new tariff will be enacted under Section 122 of the Trade Act of 1974, which allows temporary trade measures to address balance‑of‑payments issues. He emphasized that the tariff would be added “over and above” existing duties, signaling his intent to continue pursuing aggressive trade policies despite the legal setback.  Defiant in tone, Trump insisted that the ruling would not constrain...
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The Future of Tech Jobs: Four Trends Fueling Layoffs at Google and Amazon

 


The tech industry has been experiencing a wave of layoffs, with Google and Amazon being the latest companies to announce job cuts. According to a report by Challenger, Gray & Christmas, Inc., a job market research company, more than 720,000 tech jobs were cut in 2023, the highest yearly total since the Great Recession. Here are four worrying trends that are fueling these layoffs:

  1. Drive for profitability: Companies are under pressure to deliver profits to their shareholders, which is leading to cost-cutting measures such as layoffs.
  2. Remains of the pandemic hiring hangover: The pandemic forced many companies to hire more employees than they needed, and now they are cutting back to pre-pandemic levels.
  3. Rapidly developing AI: The rise of artificial intelligence is making some jobs redundant, leading to layoffs.
  4. Slowing inflation: Inflation has been slowing down, which is making it harder for companies to justify increasing salaries and hiring new employees.

The future of the tech industry is uncertain, but one thing is clear: companies need to adapt to the changing landscape to stay competitive. 

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