International trade
Chinese businesses, particularly those in Yiwu, a city in Zhejiang Province known as the "world's supermarket," are already in full swing for the 2026 FIFA World Cup, with exports of sporting goods and equipment reaching 5.86 billion yuan (about 815 million U.S. dollars) in
Tariffs
The recent US-EU trade agreement has provided some relief to the German automotive industry, but the 15% tariff on EU goods remains a significant burden, putting pressure on profits, sales, and supply chains. German automakers, such as Mercedes-Benz, Volkswagen, and BMW, are struggling to adapt to the new trade landscape,
Tariffs
Máximo Torero, chief economist at the Food and Agriculture Organization of the United Nations (FAO), warns that trade restrictions and growing market uncertainty have contributed to the recent setbacks in global hunger and malnutrition indicators. While progress has been made in some regions, the situation in Africa remains deeply concerning,
Tariffs
US President Donald Trump has announced plans to impose escalating tariffs on pharmaceutical imports, potentially reaching 250% in 12 to 18 months, as part of his administration's push to reduce reliance on foreign production and strengthen domestic supply chains. This move has sparked fresh turmoil in the global
International trade
The Trade, Law and Development (TL&D) journal has issued a call for submissions for a special issue titled "Into the Future of Global Trade: Tackling Fragmentation, Protectionism, Tariffs, and Beyond." This special issue aims to address the current challenges faced by international trade, including rising protectionism
Tariffs
Prime Minister Narendra Modi has urged Indians to prioritise Indian-made, Swadeshi goods in response to mounting global economic uncertainty and the United States' decision to impose a 25 per cent tariff on Indian exports. Speaking in his Varanasi constituency, Modi appealed for a cross-party, grassroots movement to reinforce domestic
International trade
South Africa's Department of Trade, Industry and Competition (DTIC) has endorsed a formal anti-dumping investigation against imports of top-loading washers from China and Thailand, following a complaint lodged by Defy Appliances. The investigation aims to protect local manufacturers and jobs, but it has sparked a complex debate on
Tariffs
US President Donald Trump has taken a bold step to reshape global trade, unveiling new tariffs on nearly 70 countries, including a 35% duty on neighbor Canada. The move is seen as a demonstration of raw economic power, designed to strengthen US exporters and encourage domestic manufacturing. However, the muscular
Protectionism
The Trump administration's latest tariff agreements will push the average effective tariff rate on goods entering the US to around 18%, up from 2% at the start of the year. This move marks an unprecedented four months of upheaval, with the US imposing daily threats of import taxes,
International trade
US President Donald Trump's recent executive order modifying tariff rates on imports from dozens of nations has rekindled tensions in global trade. The new trade framework applies tariffs ranging from 10% to 41% and has been hailed by the White House as a move toward "reciprocity and
International trade
The US President's administration has announced a range of new tariffs that will take effect on most US trading partners in a week's time, affecting nearly 70 countries. The tariffs, intended to give US exporters a stronger position, have sparked concerns among global markets and governments,
Tariffs
The Trump administration's imposition of tariffs on multiple countries, including Canada, Mexico, and China, has left the global economy reeling. The decision-making process behind these tariffs has been shrouded in uncertainty, with shifted schedules and random pauses creating immense unpredictability. The supposed "reciprocity" of these tariffs
