Tariffs
German Chancellor Friedrich Merz welcomed the trade pact, stating it avoids "needless escalation in transatlantic trade relations." The US and EU have agreed to set tariffs at 15% for European goods, including automobiles, in a deal that marks a pivotal moment following months of tensions. US President Donald
Tariffs
With US President Donald Trump's trade policies creating turmoil, central banks in Canada and the United States are set to hold interest rates steady this week. The Bank of Canada and the US Federal Reserve are expected to maintain their current rates, although uncertainty surrounding the trade war&
Tariffs
US President Donald Trump has announced a major trade deal with Japan, which he claims will earn the US economy $550 billion (£407 billion) in investment. The agreement, a significant one for a country that is one of the US's largest trading partners, lowers tariffs for Japan and
Tariffs
The UK government's finances are at risk due to the impact of Donald Trump's tariff war on the global economy. The FTSE 100 asset manager Schroders has warned that the US president's trade policies and tax-cutting plans will worsen debt dynamics worldwide. The interest
Tariffs
President Trump's recent stance on using monetary and trade policies to manage the U.S. government's debt is a significant departure from conventional economic practices. He seeks to "fiscal capture" monetary policy, prioritizing government interests over economic conditions, which could lead to "fiscal
Tariffs
Ireland's Deputy Prime Minister Simon Harris recently met with representatives from the US pharmaceutical industry to discuss the ongoing Section 232 investigation into the sector. The meeting aimed to gather insights from the industry ahead of crucial negotiations between the EU and the US. Harris emphasized the importance
Tariffs
The European Union has decided to hold back on retaliation against the United States in a trade dispute, despite a 30% tariff imposed by the US from 1 August. The EU's strategy is to focus on finding a reasonable compromise, which makes economic sense, but the political fallout
International cooperation
Angola has taken a significant step towards enhancing consumer protection by undergoing a voluntary peer review of its consumer protection law and policy, led by the United Nations Conference on Trade and Development (UNCTAD) and global partners. This milestone event, held during the 9th United Nations Conference on Competition and
Tariffs
As President Trump's administration threatens to impose steep tariffs, many nations are exploring alternative trading partners to mitigate the damage. This shift is particularly pressing for Asian economies reliant on US markets, which are struggling to find substitutes. Business and diplomatic leaders worldwide are perplexed by the White
Tariffs
The recent tariffs imposed by President Trump on several countries, including the European Union, Mexico, Canada, and Japan, have sparked concerns about their impact on global equities. While the numbers seem to favor foreign stocks this year, the introduction of higher tariffs may alter the trajectory of global trade and
Carney, Mark
Despite cordial negotiations and an unusually warm relationship between US President Trump and Canadian Prime Minister Mark Carney, Canada's trade talks have taken a wild ride in recent weeks. The country went from a friendly meeting between the two leaders on July 21 to a brief suspension of
International cooperation
Seoul has been working to create a strategy on a potential shipbuilding partnership with the US, as the American government views South Korea as a strategic partner to defend its shipbuilding industry against China's growing threat. The US has made participation in its containment policy against China a
