Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
German unemployment increased by 17,000 in September, exceeding economists' expectations of 13,500, according to a Bloomberg poll. Despite this rise, the unemployment rate remained steady at 6%. The increase signals that the economic slowdown is starting to affect the labor market more significantly.
While German companies have been hesitant to cut staff due to concerns about a shortage of skilled workers, there are now growing signs of a cooling labor market. Employment growth has slowed, and the number of job vacancies fell by about 15% in the second quarter compared to the previous three months. Recent business surveys from S&P Global and the Ifo institute have also shown an increasing willingness among firms to reduce staff.
According to Andrea Nahles, head of the Federal Labour Agency, the usual fall revival in the labor market is progressing more slowly than expected.
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