Tariffs
Canadian Prime Minister Mark Carney and Mexican President Claudia Sheinbaum have joined forces to strengthen their economies and present a united front against US trade pressure, particularly from the Trump administration. The two leaders aim to navigate ongoing trade talks with the US, under the United States-Mexico-Canada Agreement (USMCA) free
Tariffs
Stephen Miran, the newest member of the Federal Reserve board, has sparked controversy by projecting an additional 1.25 percentage point interest rate cut by year-end, a stance that contradicts the majority of his colleagues. In an interview with CNBC, Miran attributed his decision to "independent analysis," rather
Exports
Switzerland's export market to the US suffered a significant blow in August as President Trump's 39% tariffs took effect. According to recent data, Swiss exports to America fell to 3.1 billion Swiss francs, marking a 22% decline from the previous month. This downturn is largely
Tariffs
Prime Minister Starmer yesterday announced significant investments from US companies, worth £150bn, across various industries such as life sciences, biotech, engineering, and AI. The investments are expected to create over 7,600 jobs in the UK, with a new UK-US tech deal hailed as a step towards making Britain an
Tariffs
As the United States-Mexico-Canada Agreement (USMCA) continued to soften the blow of steep tariffs on Canadian exporters, the Bank of Canada has taken a step to ease the economic pain. The central bank's key lending rate was lowered to 2.5% on Wednesday, providing some relief to borrowers
Tariffs
Donald Trump's visit to the UK has raised doubts about the proposed deal to eliminate US tariffs on British steel, with the UK seemingly to have paused its push to cut the levy. Earlier this year, both parties agreed to slash trade barriers, but the deal failed to
Tariffs
The auto industry is facing a new wave of price hikes due to escalating tariffs, making it increasingly expensive for consumers to purchase, insure, and repair vehicles. According to recent reports, the tariffs are causing a significant increase in prices for new vehicles, auto parts, and used cars, with used
Tariffs
Small businesses across the US are being devastated by President Trump's trade war, with many owners losing jobs, livelihoods, and seeing prices rise for consumers. US Senator Maria Cantwell (D-WA) has joined business owners from Washington state to push back against the tariffs, citing the need for Congress
Tariffs
Sen. Maria Cantwell and small business owners from the Northwest spoke in front of the Supreme Court on Thursday, highlighting the impact of President Donald Trump's signature trade policy on their companies. The policy, which has imposed sweeping import taxes, has hurt businesses that rely on imported goods,
Tariffs
The European Commission remains committed to protecting the EU's automotive manufacturing base and ensuring technological sovereignty in emerging automotive technologies. To achieve this goal, the Commission has put forward an Action Plan on the future of the automotive sector. This plan aims to maintain a robust automotive manufacturing
Tariffs
The Federal Reserve cut its baseline interest rate for the first time this year, reducing it by 0.25 percentage points to a range of 4-4.25 percent, in an attempt to ease pressure on the weakening U.S. job market. The decision was made despite Federal Reserve Chair Jerome
Tariffs
U.S. Senators Rand Paul, Tim Kaine, Amy Klobuchar, Mark Warner, and Chuck Schumer have reintroduced a bipartisan resolution to undo President Donald Trump's International Economic Emergency Powers Act (IEEPA) tariffs on Canada. The resolution aims to terminate the February 1 emergency declaration that President Trump used to
