International trade
South Africa's Trade and Industry Minister, Parks Tau, is set to embark on a crucial visit to India from August 25 to 29, accompanied by a delegation to deepen economic ties and explore new markets. The mission, at the invitation of Indian Minister of Commerce and Industry, Shri
International trade
Malaysia's shipping industry has demonstrated resilience in the face of rising global demand and trade uncertainties. According to Shipping Association Malaysia (SAM) chairman Ooi Lean Hin, the industry has invested heavily in expanding capacity and developing renewable and green fuel technologies. These efforts position the industry for the
Tariffs
Brazil's economic response to the US tariff hike, announced in April, has been met with a mix of concerns and optimism. Economist Fernando Veloso, the new research director at the Instituto Mobilidade e Desenvolvimento (IMDs), believes that Brazil already has mechanisms in place to absorb the impact, but
Tariffs
The WTO is still operational despite significant shortcomings, but national leaders are eroding the institution, says Tomohiko Kobayashi, an expert on international trade. The Japanese professor warns that the United States's unilateral tariffs will harm not just the US, but all countries involved in global trade. Kobayashi advocates
Tariffs
China has filed a complaint with the World Trade Organization (WTO) in response to Canadian restrictions on imports containing steel melted or poured in China, labeling the move "discriminatory" and damaging to its trade rights. The complaint follows Canadian Prime Minister Mark Carney's announcement last month
Exports
Amidst the complexities of the global economy, the Institute of Export and International Trade highlights key developments in the world of trade. The recent agreement between the US and China to extend their trade truce for 90 days has provided a glimmer of hope for the global economy. Meanwhile, the
Exports
Newly published data from the US government suggests that US tariffs have not yet significantly impacted domestic prices, with the core inflation rate increasing by 0.3% year-on-year, marking its highest rate since February. Despite this, experts are cautiously optimistic that a steady headline rate could lead to an interest
Tariffs
Indian exports could face a sharp hit due to the US's increasing protectionism and tariffs on imports, warns former Reserve Bank of India Governor DUVVURI SUBBARAO. He estimates the potential growth hit could be 20-50 basis points in a year, depending on the extent of diversion and adjustment.
Tariffs
The US tariffs on South African goods are having a profound impact on the country's economy and maritime trade. The tariffs, which amount to 30% of the value of goods exported to the US, are stifling high-value exports, increasing costs for importers, and redirecting cargo flows towards exempted
International trade
President William Ruto addressed concerns raised by Kenyan exporters regarding tax policies and fees that were hindering their competitiveness in international markets. The meeting was aimed at resolving emerging policy bottlenecks that were making Kenyan-made goods uncompetitive in international markets. Key takeaways from the meeting include the following: Key Takeaways:
International trade
Donald Trump's new international trade tariffs, the highest in a century, are poised to unleash a wave of economic woes on American consumers and the global economy. The president's policy, which has already been paused once before, is set to increase prices for goods bought in
Tariffs
The average US tariff rate has surged to 20.1%, its highest sustained level since the 1910s, according to new estimates released by the World Trade Organization (WTO) and the International Monetary Fund (IMF) on Friday. This sharp rise follows the implementation of fresh duties as part of President Donald
