Economy
In-depth coverage of economic shifts, trade agreements, industrial developments, local markets, and financial trends in Armenia and globally.
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US Tariffs Lead to Car Import Backlog at American Ports
US tariffs are causing a significant backlog of imported cars at American ports as automakers delay shipments to manage trade war impacts.
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Auto Sales Face Volatility as Tariffs Drive Price Hikes
Auto sales are on a roller coaster as 25% tariffs on vehicles and parts are set to increase prices, impacting both new and used car markets in the U.S.
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Hong Kong Stocks See Largest Drop Since 1997 Amid Trade War
Hong Kong’s Hang Seng Index plunged 13.2%, marking its steepest decline since 1997, as escalating US-China trade tensions rattled markets.
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Jamie Dimon Warns Tariffs Could Trigger Recession
JPMorgan CEO Jamie Dimon warns that tariffs could raise inflation, increase recession risks, and weaken America’s global standing.
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SOHM Launches AI Team to Boost Genome Editing Technology
SOHM, Inc., a pharmaceutical and biotechnology company, announced the formation of a dedicated AI team on April 7, 2025, to enhance its ABBIE genome editing system and develop innovative RNA-guided tools for advancements in gene therapy and other fields.
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Automakers React to 25% Car Tariffs with Job Cuts, Price Adjustments
Automakers are responding to the new 25% car tariffs with layoffs, shipment pauses, price adjustments, and promotional campaigns to mitigate the impact.
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Dow Drops 2,200 Points as China Retaliates on Tariffs
The Dow plunged 2,200 points on April 4, 2025, as China retaliated against President Trump’s tariffs, sparking a massive selloff across U.S. stock markets.
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Bitcoin Decouples as Stocks Lose $3.5T Amid Trump Tariffs and Fed Inflation Warning
Bitcoin shows signs of decoupling from traditional markets as stocks lose $3.5 trillion amid Trump’s tariffs and Fed Chair Powell’s inflation warning.
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Nintendo Switch 2 Pre-Orders Delayed Amid Tariff Concerns
Nintendo has delayed U.S. pre-orders for the Switch 2 due to the impact of Trump’s tariffs, while the June 5, 2025 launch date remains unchanged.
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Economists Warn Trump Tariffs Will Raise Consumer Costs
Economists predict that Trump’s tariffs will increase the cost of goods, including the Nintendo Switch 2, impacting both consumers and industries.
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Trump Tariffs Target Remote Islands of Penguins and Seals
Trump’s new tariffs target remote islands like Heard and McDonald, inhabited only by penguins and seals, sparking confusion over their inclusion.
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Japan Stocks Drop Over 3% Amid Trump Tariff Turmoil
Japan’s Nikkei 225 fell 2.75%, leading Asia-Pacific market declines as Trump’s tariffs rattled global markets. Topix also dropped 3.37%.
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Toyota Unveils 2026 GR86 Yuzu Edition in Vibrant Yellow
Toyota introduces the 2026 GR86 Yuzu Edition, featuring a striking yellow exterior, premium upgrades, and limited availability of just 860 units in the U.S.
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Trump’s Tariff Hikes Shake Global Markets, Asian Shares Plunge
Asian markets tumbled after Trump’s sweeping tariff hikes on global trade partners, escalating fears of a global economic slowdown.
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Stellantis Halts Production in Canada and Mexico Amid U.S. Tariffs
Stellantis pauses production at plants in Canada and Mexico due to new U.S. automotive tariffs, impacting thousands of workers across North America.