Tariffs
India's economy is staring at a potential collapse as the US threatens to impose a 50% tariff on its exports, more than doubling the current rate of 25%. This move could lead to a massive loss of livelihoods, with an estimated 2.5 million people in the carpet
Tariffs
President Trump's latest trade deals in Southeast Asia are a high-stakes game of economic geopolitics, designed to constrain rivals and shape the geography of global production. The deals come with punitive tariffs to choke off China's ability to route exports through third countries, posing significant risks
Tariffs
Brazil's economic response to the US tariff hike, announced in April, has been met with a mix of concerns and optimism. Economist Fernando Veloso, the new research director at the Instituto Mobilidade e Desenvolvimento (IMDs), believes that Brazil already has mechanisms in place to absorb the impact, but
Tariffs
The WTO is still operational despite significant shortcomings, but national leaders are eroding the institution, says Tomohiko Kobayashi, an expert on international trade. The Japanese professor warns that the United States's unilateral tariffs will harm not just the US, but all countries involved in global trade. Kobayashi advocates
Tariffs
Canadian leaders have often viewed trade relationships as akin to family ties or friendships, but the truth is that countries we trade with are simply jurisdictions that do business with us. This wide-eyed view has led to complacency and deepened the economic consequences when trade relationships evolve or break apart.
Tariffs
The European Union and the United States are at an impasse over the final details of their trade deal, with disagreements on language related to non-tariff barriers, including the EU's Digital Services Act, significantly delaying the joint statement. EU officials have stated that the US wants to keep
Tariffs
The decision by President Donald Trump to impose a 25% tariff on Indian exports, citing New Delhi's continued imports of Russian crude, has been met with criticism and skepticism. India, the world's second-largest buyer of Russian oil after China, finds itself caught in the middle of
International trade
As the United States pursues a hard line on trade with Russia, US officials are cautioning that secondary sanctions could have far-reaching consequences, including higher prices for oil and alternative energy sources. US Secretary of State Marco Rubio highlighted the implications of such a move, warning that a country like
Tariffs
As President Trump continues his tenure for the second time, his focus on making America great again has taken a drastic turn with the launch of a tariff war against the world. The move is a desperate attempt to reinvigorate the American manufacturing sector and promote self-reliance. However, this policy
Tariffs
The recent imposition of a three-year safeguard duty on steel imports by the Directorate General of Trade Remedies (DGTR) has sparked widespread concerns over the potential impact on India's auto, engineering, and construction sectors. The duty, set to start at 12 per cent in the first year, followed
Tariffs
Congressman Jared Golden (ME-02) and co-lead Congressman Greg Steube (FL-17) introduced the Secure Trade Act, a bipartisan legislation aiming to assert Congress' role in crafting trade policy and target countries of concern to improve the United States' economic security. The bill seeks to rebalance global trade, restore American
Tariffs
Wholesale prices in the US skyrocketed 0.9% in July, sparking concerns about the country's economy and inflation. This marks the largest monthly increase since March 2022, with producers in the US raising their prices at the fastest pace in three years. The producer price index (PPI) has
