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Daily Archives: April 20, 2025

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Read more about the article Trump’s Sector-Specific Tariff Strategy
Politics

Trump’s Sector-Specific Tariff Strategy

Open Mind Map President Donald Trump is escalating his trade strategy by shifting from broad “reciprocal” tariffs to sector-specific tariffs under Section 232 of the Trade Expansion Act of 1962,…

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April 20, 2025
Read more about the article Impact of Trade War on Mortgage Rates and Housing Market
Politics

Impact of Trade War on Mortgage Rates and Housing Market

Open Mind Map The article reports a significant rise in U.S. mortgage rates, with the average 30-year fixed rate jumping to 6.83% in mid-April, up from 6.62% the previous week—the…

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April 20, 2025
Read more about the article European Central Bank cuts interest rates as tariffs threaten the economy
Business

European Central Bank cuts interest rates as tariffs threaten the economy

Open Mind Map The European Central Bank (ECB) lowered its main interest rate by 0.25% to 2.25% amid escalating global trade tensions fueled by U.S. tariffs, marking its seventh cut…

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April 20, 2025
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