International trade
China has emphasized the importance of deepening its opening up and cooperation in services trade, as the country seeks to promote growth in the global trade and economy. At the 2025 China International Fair for Trade in Services, Chinese Vice Premier Ding Xuexiang stressed the need for China to work
Tariffs
Canada's economic prosperity relies heavily on its relationships with the United States, its most important trading partner, but the US is retreating inward, making life more expensive for exporters and undermining stability. Meanwhile, authoritarian actors like China and Russia are taking advantage of a crumbling international system, seeking
International trade
President Donald Trump's sudden and unexpected imposition of tariffs on a wide range of imports has sent shockwaves across the global economy, sparking both outrage and mockery among economists. What was once considered a staple of liberal economic dogma - free trade and fiscal austerity - has been
Tariffs
The leaders of the Brics bloc, comprising 11 emerging economies, met virtually to address the intensification of unilateral trade measures and "tariff blackmail" amid a damaging trade war with the US. The Brics represents nearly 40% of global GDP and almost half of the world's population.
International trade
India's approach to macroeconomic stability is closely watched by its allies in the Global South, including Nepal and Sri Lanka. The United States' decision to impose a 50% tariff on Indian exports has raised concerns about external sector stability, with remittances and exports to the US constituting
Tariffs
India called on the Brics grouping to focus on stabilizing the global economy and world order, while opposing unfair trade practices and increased barriers, at a virtual summit convened to discuss the impact of the tariff policies of the Trump administration in the US. External Affairs Minister S Jaishankar represented
Tariffs
Chinese President Xi Jinping emphasized the importance of multilateralism and economic globalization at a virtual BRICS summit on Monday, calling for international fairness and justice. In the face of tariffs and protectionist trade measures imposed by the US Trump administration, Xi urged nations to defend the international economic and trade
Tariffs
The BRICS nations, including Brazil, Russia, India, China, and South Africa, have come together to address the global trading crisis, with leaders emphasizing the need for a united front against protectionism and unilateralism. According to Brazilian President Luiz Inácio Lula da Silva, the nations have been victims of "tariff
International trade
The SCO summit recently concluded in Tianjin, China, featuring over 20 world leaders and further solidifying the organization's role in promoting global peace and prosperity. The SCO has expanded from its original six members to dozens of cooperation areas, covering nearly $30 trillion in economic output. The summit
Tariffs
Indian Prime Minister Narendra Modi's country has been a strong advocate of globalization and engagement with the West, leveraging Western technology, finance, and markets to fuel its economic growth. However, US President Donald Trump's decision to impose new tariffs on Indian imports, ostensibly as a penalty
Tariffs
Canada's besieged canola farmers, struggling with tariffs from the United States and China, have received a double-edged lifeline from the federal government. Prime Minister announced a $370-million biofuel production subsidy and new domestic-content provisions in the Clean Electricity Regulations, aimed at maximizing existing domestic biofuel production capacity and
Tariffs
As tensions between the US and its major trading partners escalate, African countries are beginning to turn to China and Russia for trade and investment opportunities, threatening to undermine the US's economic influence on the continent. The shift is attributed in part to US President Donald Trump'
