Tariffs
Canada's Indigenous-led liquefied natural gas (LNG) project, Cedar LNG, has gained momentum as the country's political landscape shifts focus from the US to Asia. The project, which is 50.1% owned by the Haisla Nation, aims to start shipping LNG to Asian markets by late 2028.
Tariffs
The Indian government has taken a bold step by threatening to take retaliatory action against the US at the World Trade Organization (WTO) over the 25% tariffs imposed on steel and aluminum product imports, days before Commerce and Industry Minister Piyush Goyal's visit to Washington for trade talks.
Tariffs
The BRICS countries held a special meeting to discuss global trade tensions caused by US tariff and customs duties, deemed a violation of WTO principles. China and BRICS members aim to counter the impact of US measures, support multilateral trade, and free trade. They urge restraint on trade restrictions, facilitating
Tariffs
The recent agreement between the United States and China to reduce tariffs has provided a much-needed reprieve to the tech sector, which had been facing the possibility of strained supply chains and increased consumer prices due to the ongoing trade war. The 90-day reduction in import taxes has been met
President of the United States
In a closely watched case, lawyers for the U.S. government on Tuesday argued that the president has broad authority to impose tariffs on foreign countries, even in the absence of an actual emergency. The case, brought by a non-partisan public-interest organization, challenges the legality of tariffs imposed by President
Tariffs
The US and China have agreed to slash tariffs on each other's goods for 90 days, marking a temporary de-escalation in their brutal trade war that has roiled global markets and international supply chains. The deal, made possible by pivotal talks in Geneva over the weekend, sees the
Tariffs
The US and China have reached an agreement on a 90-day ceasefire in their trade war, slashing tariffs on each other's goods and injecting hope into global markets. The deal, announced after talks in Geneva, marks a significant detente in the confrontation that had threatened to fuel inflation,
Tariffs
The three-month detente in the US-China trade war has provided a much-needed relief for the global economy, with both sides agreeing to slash duties on each other by 115 percentage points and establishing a "consultation mechanism" to help resolve ongoing trade disputes. Beijing has also committed to "
Tariffs
Following an agreement to reduce tariffs on Chinese goods and retalivalent duties on US goods, US and China emerged from talks in Geneva with a deal that has sparked a significant relief rally across global markets. The S&P 500 index surged by 2.4% and the Nasdaq Composite
Tariffs
The debate over tariffs has led to a common but misguided critique of President Trump's trade policies, arguing that tariffs placed on intermediate goods will ultimately harm domestic manufacturers. This critique is based on a flawed assumption that the global economy operates like a free market, where productivity
Tariffs
The high confidence in American economic exceptionalism, which peaked at the January World Economic Forum at Davos, gave way to deep pessimism about a recession and global order fragmentation. The market has reflected these swings, with the S&P index experiencing a 20% drop followed by a 14% rebound.
Tariffs
The US and China have made a major breakthrough in their trade war, with the two nations agreeing to reduce tariffs on each other's goods. The move sent global stock markets soaring, with the FTSE 100 rising 0.6% and the Dow Jones Industrial Average gaining 2.8%
