Tariffs
European Commissioner for Trade Maros Sefcovic has called on the EU and US to collaborate to address the issue of steel imports from third countries, which he believes is harming European industry. Sefcovic wants to use this issue as an opportunity to resume negotiations with the US on tariffs on
Tariffs
The global economy is undergoing significant transformations, marked by rising protectionism and uncertainty. Despite these challenges, the International Monetary Fund's World Economic Outlook (WEO) suggests that growth prospects for major countries, including India, have marginally improved since the last update. However, the IMF cautions that protectionism can lead
Tariffs
U.S. Representative and Ranking Member of the House Committee on Agriculture Angie Craig has written a letter to President Trump, urging him to reverse his unconstitutional "Liberation Day" tariffs and provide relief to soybean farmers in Minnesota and across the country. The tariffs, imposed by the President,
Global economy
The ongoing trade war between the US and China is having far-reaching and unpredictable consequences for the global economy. The latest economic report from the International Monetary Fund paints a middling forecast, but the reality on the ground is volatile and uncertain. New tariffs and restrictions are being implemented at
Tariffs
U.S. Representative and Ranking Member of the House Committee on Agriculture Angie Craig has called on President Trump to reverse course on his country-specific "Liberation Day" tariffs, citing catastrophic effects on soybean farmers in Minnesota and across the country. In a letter to the President, Rep. Craig
Tariffs
US President Donald Trump's White House address has raised eyebrows as he appeared to confuse India with Iran while defending his use of tariffs to maintain peace and end wars. Trump claimed that tariffs had helped prevent a nuclear conflict between India and Pakistan, pointing to an incident
Tariffs
RHB Research expects the crude palm oil (CPO) price to remain volatile in the near term due to ongoing geopolitical tensions between the United States and China. The situation has been exacerbated by Argentina's removal of export taxes on soyabean, corn, wheat, and biodiesel until the end of
Tariffs
As the United States and the UK face significant economic and security threats from China, the distinction between being an "enemy" and a national security threat becomes increasingly blurred. A recent case of accused Chinese spies highlights the complexity of these issues, with the UK Government seemingly more
Tariffs
Columbus, OH -- A Grove City manufacturing company, Tosoh SMD, Inc., has lost over $4 million in revenue due to the tariffs imposed by President Trump this year, cutting into its bottom line and causing it to take cost-saving measures. The company produces components crucial for semiconductor and solar panel
Tariffs
The European Commission has unveiled a new proposal to overhaul the EU's steel import policy, reportedly aimed at addressing global overcapacity and strengthening the resilience of the European steel sector. The proposal, which will replace the EU's current steel safeguard measures set to expire in June
Exports
As the United States' decision to impose 50% tariffs on most Indian goods took effect, shipments from India to the US plummeted by 37.5% over four months, according to a report by the Global Trade Research Initiative (GTRI). The report highlights the severe impact of this decision on
Tariffs
Congress leaders Jairam Ramesh and Rahul Gandhi have criticized Prime Minister Narendra Modi's silence on US President Donald Trump's claims regarding India's oil imports and the US-India trade deal. Ramesh questioned why the PM has not revealed the details of the US trade deal
