Tariffs
The sportswear company is bracing for a significant increase in costs as a result of Donald Trump's tariff war, which it estimates will amount to approximately $1bn. Nike is expected to reduce its manufacturing in China, with the market value of the company having plummeted by a third
Tariffs
Former US Treasury official Kimberly Clausing and Taiwanese trade experts have raised concerns about the impact of Donald Trump's trade policies on global supply chains. Speaking at the Taiwan Future Summit, Clausing criticized Trump's tariff war with China, citing studies that show American households pay an
Tariffs
The Chinese zero-tariff policy for African goods has expanded rapidly in recent years, with 53 of the continent's countries now eligible to export their taxable goods to the Chinese market duty-free. This policy, promoted as a vehicle for deeper Sino-African cooperation and shared prosperity, has gained attention for
Tariffs
As technology companies diversify their supplier networks in response to evolving trade policies and tariff uncertainties, Everstream Analytics has enhanced its tariff intelligence capabilities. The company's new report, "Shifting Away from China," analyzes exclusive supplier data from 2019 to 2024, revealing significant diversification of supplier networks
Tariffs
The implementation of US President Donald Trump's trade policies has led to an increase in costs for school construction projects in Canada. The Mission school district in British Columbia has estimated that replacing Mission Secondary School will cost $7 million more, due to retaliatory tariffs imposed by the
Tariffs
Fitch Ratings has revised the outlooks for banking sectors in South Korea, Taiwan, Thailand, and Vietnam to reflect the potential impact of US trade policies on these economies. The ratings agency has adjusted its 'neutral' outlook for APAC's banking sector to 'deteriorating' for 2025,
Tariffs
U.S. Senator Jeanne Shaheen (D-NH) warns that President Trump's trade policy threatens American national defense and global alliances, creating supply chain disruptions, driving up costs, and eroding trust among NATO allies. Shaheen co-leads a bipartisan Congressional delegation to the Paris Air Show, where she expresses concerns about
Tariffs
US President Donald Trump and British Prime Minister Keir Starmer have signed an agreement to lower tariffs on several key British exports to the United States, marking a significant breakthrough in transatlantic trade relations. The deal was announced on the sidelines of the G7 Summit in Canada, where the two
Tariffs
Thailand and the United States are set to initiate technical-level discussions regarding the US tariff regime, marking a significant step forward in bilateral trade relations. Both countries have been actively preparing for these discussions, with the Thai Cabinet approving a negotiation framework and the US expressing its willingness to engage
Tariffs
Thailand's Commerce Minister Pichai Naripthaphan has announced that the country and the US are prepared to initiate discussions at a technical level regarding the US's tariffs regime. This development follows the US's stated willingness to engage in talks on June 7, which was welcomed
Tariffs
Senator Peter Welch (D-VT) pressed Treasury Secretary Scott Bessent on the negative impact of the Trump Administration's trade policies on Vermont businesses, manufacturers, farmers, and families. The Trump Administration's erratic trade policies have led to a significant increase in costs for Vermont businesses and farmers, causing
Tariffs
U.S. Senator Maria Cantwell (D-WA) joined 30 Senators in filing an amicus brief in the case of Oregon v. Department of Homeland Security, challenging the Trump Administration's abuse of emergency powers to impose global tariffs on nearly every U.S. trading partner. The brief opposes the Administration&
