International trade
The Scottish Fiscal Commission's upcoming publication of updated economic forecasts highlights the unpredictability of the current economic outlook, with global trade tensions being a major contributor. The ongoing trade disputes between the US and its trading partners have led to significant uncertainty, with the IMF downgrading its global
Exports
As US President Donald Trump's administration continues to impose tariffs and trade restrictions, Canadian businesses are reassessing their expansion plans and shifting their focus to Europe. After decades of prioritizing the US market, many Canadian companies are now reevaluating their international strategies in response to the changing trade
Constitutional law
As a longtime supporter of President Donald Trump's administration, George Allen, a former governor of Virginia and U.S. senator, has joined a coalition of bipartisan leaders to challenge the president's emergency declaration on tariffs as an unconstitutional seizure of taxation power. Allen's opposition
Protectionism
As the US economy navigates the consequences of President Trump's trade policies, a new risk emerges: tariffs in some form might persist for the next four years and become the new normal, even after Trump leaves office. Economists warn that the current trade environment is unlikely to revert
Baldwin, Richard
Ravi Dutta Mishra's in-depth conversation with Professor Richard Baldwin of the IMD Business School highlights India's burgeoning strategic position in the ongoing US-China trade war. The discussion centers around the implications of the trade war on global supply chains and the opportunities it presents for India
International economic relations
The Trump administration's handling of US trade policy has become a prime-time spectacle, with tariffs being slapped on and then lifted in a matter of days, leaving the global business community bewildered. Behind the drama, a very real question remains: Is there an economic logic to this approach?
International trade
The ongoing trade standoff between the US and China, sparked by President Trump's recent tariff increases, has escalated into a high-stakes battle with Beijing wielding newfound strategic leverage. China's ability to inflict damage on the US economy and expand its global position has significantly shifted since
Protectionism
A new analysis by Goldman Sachs found that broad-based tariffs will have a net negative effect on employment, contradicting the Trump administration's claims that they will bring back jobs. The study estimates that an increase of 10 percentage points in broad-based tariffs will boost manufacturing employment by 100,
Protectionism
Chinese leader Xi Jinping has published an editorial in China and Vietnam, urging nations to safeguard the multilateral trading system and promote cooperation in the face of growing trade tensions between the US and China. The article comes as trade talks between the two countries continue to stall, with US
Prime ministers
Trade experts warn that the Buy American provisions, meant to boost employment, are having an unintended consequence: slowing the distribution of stimulus money and hindering the US economy's growth. This delay is causing billions of dollars to be held back from entering the economy quickly, more than offsetting
Prime ministers
Liberal Leader Michael Ignatieff lambasted Prime Minister Stephen Harper's visit to the White House, stating that the Conservative government achieved virtually nothing on its major concern: the Buy America procurement policies that have sparked an outcry among Canadian companies. Ignatieff criticized Harper for echoing President Barack Obama'
Prime ministers
Prime Minister Stephen Harper has stated that Ottawa will scrutinize the purchase of Nortel assets by Ericsson under existing law, ensuring it benefits Canada. This move comes as the $1.13 billion deal has sparked concerns over Canadian control of prized next-generation wireless technology. Harper emphasized that the government will
