Blog of Masterwork Automodules

Written by Michelle Selina The global economy is bracing for another wave of trade tensions as former U.S. President Donald Trump, now back in office, reinstates aggressive tariffs on imports from China, Mexico, Canada, and the European Union. As of April 2025, the U.S. has imposed 25% tariffs on steel and aluminum, along with over 100% duties on select Chinese goods, including electric vehicles (EVs) and semiconductors. These measures have triggered retaliatory actions from trading partners, raising fears of inflation, supply chain disruptions, and slower economic growth worldwide. Experts warn that U.S. consumers could lose up to $78 billion annually due to higher prices, with low-income households bearing the brunt. Meanwhile, businesses, especially retailers and manufacturers, face rising costs, stock market volatility, and weakened currency exchange rates. What Are Trump’s Tariffs Trump’s tariffs are taxes on imported goods designed to protect U.S. ...

Written by Michelle Selina After 100 years in circulation, the U.S. penny is on its way out. In February 2025, the government announced plans to stop making these coins because they cost more to produce than they're worth. Each penny costs 3.69 cents to make, yet it's only worth 1 cent. This means taxpayers lose money on every single penny made, adding up to about $100 million per year. Many countries like Canada and Australia already stopped using their 1-cent coins years ago without problems. In America, several factors kept the penny around longer: tradition, lobbying by metal companies, and concerns about public reaction. But with most people now using credit cards and mobile payments and metal prices getting more expensive, the penny has become unnecessary. Removing it will save money and make transactions simpler for businesses and consumers. Why Coins Are More Expensive Than Banknotes Producing coins is more costly than printing paper currency for several reasons...