Tariffs
Walmart, America's biggest retailer, has announced plans to raise prices in May and early summer due to "unprecedented" costs stemming from US tariffs. The company's chief financial officer, John David Rainey, told the Wall Street Journal that the magnitude and speed of these price
Tariffs
As a 90-day ceasefire in the US-China trade war kicks in, ports and shipping lines are preparing for a surge in demand as businesses rush to stockpile goods for Black Friday and Christmas. Analysts predict a massive drop in container ship bookings from China to the US, followed by a
Tariffs
India, under Prime Minister Narendra Modi, has taken a decisive stance in defending its economic sovereignty and fair trade practices, challenging the United States at the World Trade Organization (WTO) regarding the continuation of additional tariffs on Indian steel and aluminum exports. The move reflects India's growing assertiveness
Tariffs
As the 78th Cannes International Film Festival kicks off, United States President Donald Trump's proposal to impose a 100% tax on foreign-made films has sparked concerns about cultural protectionism. This move echoes an earlier executive order designating English as the country's sole official language, reflecting a
Foreign ministers
As President Trump's comments on a potential tariff-free trade deal with India continue to spark discussion, the two nations are engaging in intricate negotiations over the terms of their agreement. India's foreign minister, S. Jaishankar, has emphasized the importance of reaching a mutually beneficial deal, while
Tariffs
Britain and the United States finalized their first bilateral trade deal, but the agreement is contingent on British supermarkets agreeing to sell American beef and chicken treated with hormones and chlorine. However, British trade negotiators have maintained their refusal to compromise on this issue, with US officials acknowledging that American
Tariffs
The US trade deal announced last week, which aims to expand access for US beef and bioethanol producers to the UK, has raised concerns among British farmers and food producers. Brooke Rollins, a senior US official, indicated that pork, poultry, and other sectors are "at the front of the
Tariffs
As the world's two largest economies engage in a high-stakes trade standoff, China sees an opportunity to displace American hegemony and expand its global position. The US-China trade war, sparked by President Donald Trump's tariffs on Chinese goods, has triggered a global trade turmoil, with China
Tariffs
The introduction of tariffs by US President Donald Trump in early April has had a significant impact on the global economy, with stock markets around the world experiencing considerable shocks. The IMF revised its economic growth forecasts downwards, citing rising international trade tensions and changes in financial markets. Global economic
Tariffs
China's foreign ministry has voiced concern over a trade deal between the UK and US, stating that it is a "basic principle" that trade agreements between nations should not target the interests of third parties. The UK's acceptance of Washington's security clauses,
Tariffs
For years, Beijing has pinned hopes on the Comac C919, China's first domestically made airliner, to rival Boeing and Airbus, showcasing China's technological self-reliance. However, the US-China trade war, with its 90-day ceasefire, is highlighting the C919's heavy reliance on US suppliers for critical
Tariffs
The first high-level meeting between the US and China since Donald Trump's inauguration resulted in a ceasefire in the ongoing trade war, with US Treasury secretary Scott Bessent and China's vice-premier He Lifeng agreeing to slash respective tariffs by 115 percentage points for 90 days. The
