Tariffs
Donald Trump's trade policies have been wreaking havoc on global markets, causing a ripple effect that ordinary people are beginning to feel. The President's approach to tariffs is shrouded in uncertainty, with rates changing on a weekly basis as he attempts to negotiate new trade deals.
International trade
The Omani government has taken a decisive step to protect its manufacturing sector by implementing anti-dumping duties on ceramic and porcelain tiles from India and China. The move, announced by the Ministry of Commerce, Industry and Investment Promotion on May 29, follows an investigation into complaints from local manufacturers that
International trade
South Korean President Lee Jae-myung's pledge to grant tax incentives for local chip and battery production is part of the country's efforts to protect its firms amid growing global protectionism. However, the move may be seen as a "foreign trade barrier" by the United
International trade
Located in Shandong Province, Rizhao Port has undergone a significant transformation in recent years, transitioning from a traditional coal port to a modern, high-tech hub. Under the guidance of technology innovation, the port has adopted advanced artificial intelligence (AI) tools, including the DeepSeek platform, to optimize maintenance and repair operations.
Tariffs
The economic and cultural ties binding Detroit and Windsor, Ontario, are being strained due to US President Donald Trump's trade policy. The busy Ambassador Bridge, a symbol of the region's prosperity, has seen a decline in traffic despite being one of the busiest crossings in North
International trade
US President Donald Trump's already complex tariff policies have been upended by a decision from the Court of International Trade, which has blocked the sweeping global levies. While experts warn that this decision will not necessarily provide relief to countries hoping for lower tariffs or trading certainty, the
International trade
The International Monetary Fund (IMF) has issued a warning that President Trump's trade policy will have a negative impact on the UK economy, with a potential hit of 0.3 percentage points by next year. The economic uncertainty caused by Trump's protectionist measures, combined with slower
Tariffs
Pakistan's journey towards export-led growth has been hindered by the exacerbation of existing constraints on businesses, including an unaligned exchange rate regime, high energy costs, regulatory complexity, limited access to finance, and the dominance of state-owned enterprises. The World Bank's economic policy note highlights the need
Tariffs
Southeast Asian leaders are gathered in Kuala Lumpur for the first-ever ASEAN-GCC summit, seeking to bolster their trade-dependent economies amidst steep US tariffs and a complex global landscape. Malaysian Prime Minister Anwar Ibrahim emphasized the strategic importance of the partnership, as it navigates economic uncertainty and geopolitical challenges. China'
International trade
The University of Rwanda (UR) and the World Trade Organization (WTO) have officially launched a training course for trade negotiators from English-speaking African countries. The course, which runs from May 26 to July 18, 2025, aims to enhance participants' understanding of multilateral trade agreements and strengthen Africa's
International trade
In the face of rising protectionism and unilateralism, China, the Association of Southeast Asian Nations (ASEAN), and the Gulf Cooperation Council (GCC) countries are strengthening their economic ties to boost global trade and investment. Bunn Nagara, director and senior fellow at the Belt and Road Initiative Conference for Asia-Pacific, notes
Tariffs
As US President Donald Trump decided to delay the imposition of steep new tariffs on European Union goods until July 9, temporary relief has been granted to negotiators as talks between Washington and Brussels continue to stall. The announcement, made on May 26, came just two days after Trump threatened
