Tariffs
As the global economy slows, economists from across South Asia are warning their governments to be cautious of the potential consequences of America's decision to impose country-specific tariffs that deviate from the principle of most-favoured-nation (MFN) trade. The experts, including Mustafizur Rahman from Bangladesh, Sanjay Kathuria from India,
Tariffs
As tensions between the United States and China continue to rise, the global economy is witnessing unpredictable and far-reaching consequences. The latest developments come as the International Monetary Fund released its latest economic report, which only starts to capture the complexity of the situation. The US has imposed new tariffs
Tariffs
India's economic growth story is expected to surpass earlier estimates, with the International Monetary Fund (IMF) projecting a 6.6% GDP growth rate for 2025-26, up 0.2 percentage points from the previous forecast. The upward revision is attributed to a strong first quarter, which offset the impact
Tariffs
Uncertainty over the economy and tariffs is causing U.S. retailers to hesitate on hiring seasonal workers, who typically pack orders, serve shoppers, and build holiday displays. Companies like American Christmas LLC and Radial are cutting back on staff, while others like Amazon Inc. are maintaining their hiring levels. Experts
Tariffs
As the first Trump administration imposed tariffs on steel imports into the United States, the EU responded by imposing rebalancing duties on US products and adopting safeguard measures to protect the EU steel industry from excess steel capacity. The eight-year period of protection under the WTO Safeguards Agreement ends in
Tariffs
The International Monetary Fund (IMF) has slightly raised its growth forecast for Korea's economy to 0.9 percent for this year, citing smaller-than-expected effects from US tariff measures. This revised forecast, included in the IMF's latest World Economic Outlook report, marks a 0.1 percentage point
Tariffs
As the US soybean harvest gets underway, farmers are bracing for a tough year ahead due to the ongoing trade war with China. American soybean exports to China, the world's second-largest economy in 2024, have plummeted by over 50 percent in value this year, with Chinese buyers holding
Tariffs
The US-China trade war has reignited, with China's announcement of enhanced restrictions on the export of rare earths prompting the US president, Donald Trump, to impose 100% tariffs on US-bound Chinese exports. The rare earths announcement has dealt a significant blow to hopes of averting global economic chaos.
Tariffs
The trade war between the US and China continues to intensify, with both nations engaging in heated exchanges and escalating tariff threats. Despite initial optimism about a potential trade deal, the situation has deteriorated in recent days, with US President Donald Trump and Chinese officials trading barbs on social media
International trade
China on Sunday reaffirmed its position that it will not yield to US threats of a 100% tariff hike, instead urging Washington to resolve trade disputes through dialogue rather than coercion. The escalating tensions between the two countries have the potential to undermine a potential Trump-Xi meeting and end the
Chinese foreign relations
In a heated exchange on Monday, China's Foreign Ministry spokesman Lin Jian pushed back against US President Donald Trump's threats of 100% tariffs on Chinese imports, calling such moves "not the right way" to deal with bilateral ties. The remarks came after Trump vowed
Tariffs
Amidst a worsening trade dispute, China has vowed to retaliate if the US goes ahead with a planned tariff hike, while new data shows Chinese exports to the US dropped 27% in September. Beijing has accused the US of abusing tariffs and disrupting the global trade order, as the world&
