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
Tariffs
The UK Government's promise to eliminate US tariffs on British steel exports has failed, leaving the industry reeling. Initially, the Government claimed it had secured a 25% tariff reduction, but it has now emerged that no such reduction was agreed. The UK will instead seek a guarantee that
Tariffs
Increased tariffs are driving up the cost of new vehicles, auto parts, and used cars, with used vehicles contributing the most to August's record inflation. The average used car now costs over $25,000, while the average new car costs nearly $50,000. Furthermore, car insurance rates are
Tariffs
Nigeria's automotive sector is facing significant challenges due to the influx of foreign-used vehicles and high inflation rates. Despite government efforts to boost domestic production, the industry is struggling to remain competitive against imported cars. Stakeholders have raised concerns that if these issues are not addressed, the local
Tariffs
As Chinese Foreign Minister Wang Yi concluded his recent visit to Austria, Slovenia, and Poland, observers emphasized the significance of maintaining communication and exchanges to mitigate differences between China and the European continent. Wang's two-week tour, which also included Germany, France, and the European Union's headquarters
Tariffs
US President Donald Trump's master plan to pressure India into replacing Russian oil with US oil, is not just about hitting Putin, but also about ending the US' dual relationship with China. Trump wants to end the hostile military dimension with China while remaining economically dependent on
Tariffs
President Trump's two-day state visit to the UK kicked off last night with a significant announcement: Britain has signed a "tech prosperity deal" with the US, worth billions. The deal is expected to speed up the development of new medicines, improve collaboration on research in areas
Tariffs
Rwanda, a small but increasingly strategic player in global trade, has adopted a confident stance in response to the US's new reciprocal tariff system, which introduced a 10% flat customs tariff on imports from various countries. This shift has sent shockwaves through many export-driven economies, but Rwanda'
Tariffs
Canadian Prime Minister Mark Carney's approach to dealing with the United States has been marked by an effort to maintain a firm but friendly tone, aiming to balance the need to protect Canadian interests with the reality of navigating trade negotiations with a president who has often prioritized
Tariffs
Michigan Democrats are sounding the alarm over new data showing U.S. inflation jumped in August, driven by the chaotic tariffs supported by GOP Senate candidate Mike Rogers. As analysts warn of a potentially dire economic situation, with "stagflation" on the horizon, Rogers is under fire for his
Tariffs
The US Federal Reserve may limit economic harm from tariffs by choosing not to respond to rising inflation with higher interest rates, a leading central banking authority has suggested. The Bank for International Settlements has proposed that the US authorities consider "looking through" the inflationary impact of President
Tariffs
The European Union and India are nearing a major milestone with their long-stalled free trade agreement negotiations, with both sides seeming to make significant progress against the backdrop of uncertainty stemming from US tariffs. The talks, which have been ongoing for nearly two decades, are now intensifying ahead of a
