There are two main types of tariffs: ad valorem and specific tariffs. Ad valorem tariffs are calculated as a percentage of the item's value (e.g., a 10% tax on the import price).

Tariffs can have significant implications. While they may benefit specific domestic industries, they can also increase costs for consumers and businesses relying on imported goods.

Virtual terminals are increasingly essential in today’s digital economy, helping businesses remain adaptable, secure, and customer-focused in a competitive market.

Critics argue that reducing immigration will hinder economic expansion and limit the country’s global competitiveness, as many industries face acute labor shortages.

These events and activities highlight how October is a dynamic month for business across different sectors, with a mix of economic, cultural, and corporate activities.

The introduction of robots like Optimus could herald a transformative shift in how work is performed in North America, highlighting the need for strategic planning in workforce development and technological integration.

Overall, Thanksgiving marks a critical period for consumer spending and economic activity in both countries, with more pronounced retail and economic impacts in the U.S. due to the associated shopping and sales events.

According to a Nielsen report, as of 2021, over 70% of U.S. households have a subscription to at least one streaming service, with many subscribing to multiple platforms.