International trade
As the world enters a new era of geopolitical uncertainty, Europe's diminished relevance has become a pressing concern. With global powers shifting and digital technologies transforming the landscape, Europe's inability to stay ahead of the curve has exposed the weaknesses in its foundation. This decline is
International trade
China and the US have intensified efforts to implement the outcomes of the "London Framework," making positive progress on multiple fronts and sending encouraging signals to the international community. The two sides have agreed in principle on the framework for implementing the important consensus reached by the two
International trade
ASEAN's economic stability is threatened by rising global protectionism, particularly in sectors like palm oil, halal products, and electric vehicle battery minerals. The region's economies, especially palm oil exporters, face non-trade barriers such as environmental standards, which can lead to huge trade deficits, like the one
International trade
Chinese Premier Li Qiang has called for the international community to uphold the multilateral trading system, citing the need to counter rising unilateralism and protectionism. Li made the remarks during a meeting with World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala on the sidelines of the 17th BRICS Summit. He emphasized
Protectionism
The US Treasury Secretary Scott Bessent revealed that the country has collected $100 billion in tariffs so far this year, with the potential to reach $300 billion by December, according to a Cabinet meeting chaired by President Donald Trump. Trump confirmed that tariffs suspended earlier this year will return at
International trade
The 11th BRICS Summit in Rio, Brazil, has given a significant boost to India's diplomatic efforts on the global stage. The summit's declaration, adopted on Sunday, has strongly condemned terrorism, endorsing India's long-held stance that terrorism has no religion or nationality. The declaration also
Tariffs
Amid rising geopolitical tensions, the 17th BRICS Summit has expressed deep concern over the increase in unilateral tariff and non-tariff measures, which it says distort trade and are inconsistent with WTO rules. The bloc's members, including Brazil, Russia, India, China, and South Africa, also criticized the use of
Tariffs
US President Donald Trump has threatened to impose a 10% additional tariff on any country that aligns with the "anti-American policies" of the BRICS group, comprising Brazil, Russia, India, China, and South Africa. This move comes just hours after the BRICS leaders met in Rio de Janeiro and
Tariffs
Brazil's President Luiz Inácio Lula da Silva is actively promoting international cooperation as the United States, under President Donald Trump, increasingly turns inward and rejects global climate and health initiatives. During a state visit to China earlier this year, Lula presented a new world map where Brazil is
Tariffs
Emerging nations have united against US President Donald Trump's trade tariffs, which they deem "illegal" and a threat to the global economy. In a draft summit statement, the BRICS nations - Brazil, Russia, India, China, and South Africa - express "serious concerns" about US
Tariffs
As the 11-member BRICS grouping met in Rio de Janeiro, US President Donald Trump fired back at their criticism of his trade policies, warning that countries aligning with the bloc will face an additional 10% tariff. The escalation comes as the BRICS nations account for half the world's
International trade
Chinese Premier Li Qiang emphasized China's commitment to supporting the global economy and trade, highlighting the need for a multilateral trading system and the World Trade Organization's (WTO) active role in stabilizing the international economic order. He also underscored China's confidence in promoting steady
