International trade
The G7 finance ministers issued a statement at their three-day meeting in Banff, Canada, criticizing Chinese trade practices while avoiding discussion of US tariffs. The statement emphasized addressing "excessive imbalances" in the global economy and referenced non-market policies and practices that undermine international economic stability. Chinese state subsidies,
International trade
As the world grapples with a new era of increased friction in the flow of goods and services between the US and China, the global economy will carry a significant cost. Economists agree that a policy of imposing higher, permanent general tariffs to increase US wealth is misguided and will
Emerging markets
India's robust domestic market, minimal export dependency, and strategic trade agreements position it favorably to withstand the adverse impacts of US tariffs and global trade disruptions. Moody's latest report suggests that India's economic growth remains anchored by domestic consumption, with the country's
International trade
The Thai government, under the leadership of Prime Minister Ms. Paethongtarn Shinawatra, has taken decisive steps to enhance the competitiveness of Thai entrepreneurs in the face of economic volatility. A recent government order has assigned all departments to review investment promotion conditions comprehensively, with a focus on supporting the growth
International trade
In the current polycrisis of economic shocks, supply chain disruptions, climate change, and geopolitical uncertainty, micro, small, and medium-sized enterprises (MSMEs) form the backbone of the global economy, accounting for 95% of all businesses and 60% of global employment. However, they face persistent barriers to fully benefiting from international trade,
International trade
China's Ambassador to Nauru, Lyu Jin, met with Switzerland's Special Envoy to the Pacific Island Countries, Gonzenbach, on May 16, 2025, to discuss global challenges and the importance of multilateralism. The meeting aimed to strengthen China-Switzerland cooperation and promote economic globalization. China and Switzerland share a
International trade
The global economy is on a recessionary trajectory, driven by intensifying trade tensions, persistent financial volatility, and growing uncertainty, according to the United Nations Conference on Trade and Development (UNCTAD) in its report 'Trade and Development Foresights 2025 - Under Pressure: Uncertainty Reshapes Global Economic Prospects'. The report
International trade
KKP Research by Kiatnakin Phatra Financial Group has revised down the country's GDP growth forecast to 1.7% in 2025, citing structural problems that have been building up over time. The revision is attributed to the impact of US trade policies, the slowdown in the global economy, and
International trade
The latest trade tariff announcements from the US administration have sparked significant uncertainty in global markets, creating a challenging environment for businesses in Northern Ireland and worldwide. A panel of experts gathered at Queen's University Belfast's Business School to explore the implications of these changes and
Tariffs
As the world's two largest economies engage in a high-stakes trade standoff, China sees an opportunity to displace American hegemony and expand its global position. The US-China trade war, sparked by President Donald Trump's tariffs on Chinese goods, has triggered a global trade turmoil, with China
Tariffs
Following an agreement to reduce tariffs on Chinese goods and retalivalent duties on US goods, US and China emerged from talks in Geneva with a deal that has sparked a significant relief rally across global markets. The S&P 500 index surged by 2.4% and the Nasdaq Composite
Tariffs
The debate over tariffs has led to a common but misguided critique of President Trump's trade policies, arguing that tariffs placed on intermediate goods will ultimately harm domestic manufacturers. This critique is based on a flawed assumption that the global economy operates like a free market, where productivity
