Tariffs
The US Federal Reserve has kept its benchmark interest rates unchanged at 4.25-4.5 per cent, defying pressure from President Trump for immediate cuts to borrowing costs. The decision, made by the central bank's open markets committee, follows a year of steady interest rates as it assesses
International trade
The China-US economic and trade talks in Stockholm marked a significant step forward in resolving outstanding issues between the two global leaders. The two-day talks, which took place from Monday to Tuesday, resulted in a decision to extend the pause in the 24 percent mirror tariffs imposed by both sides.
Tariffs
As US President Donald Trump's trade policies continue to unfold, the country's effective tariff level has reached an estimated 17.3 per cent, the highest since before the Second World War. This tariff wall, spearheaded by Trump's administration, has been marked by a series
International trade
Donald Trump's unorthodox trade approach has delivered unexpected results, as the EU and Britain accept tariffs while he remains firm on his agenda. The initial worry that his tariffs would tank the financial system has given way to a giddy optimism that the stock market has recovered and
International trade
President Donald Trump has successfully implemented higher tariffs on imported goods, achieving a trade war victory, but this triumph may be fleeting as key partners within the European Union and Canada begin to revolt against the deal. The decision to impose tariffs has increased customs revenue, but the fragile trade
Tariffs
Italian Prime Minister Giorgia Meloni's welcome of the new EU-US trade agreement has sparked a heated debate in Italy and across Europe, with critics arguing that the deal concedes too much to the United States and jeopardizes billions in exports and hundreds of thousands of jobs. The agreement,
Tariffs
The long-awaited UK-India Free Trade Agreement (FTA) has been finalized, with both countries agreeing to eliminate tariffs on a significant percentage of goods and services. The deal marks a major shift in India's trade policy, with New Delhi allowing British companies to participate in government procurement tenders and
European Union
As the world enters a new era of rapid change and uncertainty, China and the European Union are positioned to provide stability and certainty through their strategic partnership. This year marks the 50th anniversary of the establishment of diplomatic relations between China and the EU, and the two sides have
European Union
Chinese Premier Li Qiang called on China and the European Union to deepen economic and trade cooperation, noting that cooperation is the only right choice for both sides. The bilateral trade and economic cooperation have shown strong internal vigor in the half-century since the establishment of diplomatic relations, and China
European Union
Top European Union officials Ursula von der Leyen and Antonio Costa are set to meet with Chinese President Xi Jinping in Beijing as the EU and China mark 50 years of diplomatic relations. The summit comes amidst simmering tensions over issues such as human rights, political oppression, and trade, despite
Tariffs
Beijing is employing tough tactics in its trade and diplomatic disputes with Europe, vowing to stand firm on demands for concessions and meanwhile using economic leverage to assert its interests. China has responded to European pressure by imposing trade curbs, labeling Brussels as protectionist, slowing down critical mineral exports, and
Tariffs
As the world's economic order faces its biggest challenge in decades, the global community is grappling with the implications of the unprecedented tariff war between the United States and the world. The war, sparked by President Donald Trump's rapidly escalating trade policies, has the potential to
