Americans
A bipartisan group of U.S. Senators has announced that the Senate will vote on a resolution to repeal Donald Trump's global tariffs and restore congressional authority over trade. The move comes in response to the economic costs imposed by the tariffs, which have led to increased prices
Tariffs
President Donald Trump's six-day tour of east Asia has yielded significant commitments from key partners, including Japan and South Korea, to invest heavily in the US economy. However, experts warn that the deals struck by Trump may not be as transformative as they seem, and that the US-China
Tariffs
As the global car market continues to grapple with the effects of President Trump's import tariffs, Volkswagen has sounded the alarm on expected losses of €5 billion a year. The company had anticipated a 10% increase in sales in the United States this year, but instead witnessed an
Tariffs
U.S. President Donald Trump has rebuffed Canada's efforts to revive stalled trade talks, citing a controversy over an Ontario government advertisement that featured a quote from former President Ronald Reagan warning of the dire economic effects of tariffs on the U.S. economy. The ad, which was
Tariffs
As trade tensions escalate between Canada and the U.S., a 60-second TV ad featuring Ronald Reagan's 1987 radio address opposing most tariffs has chilled relations between Detroit and Windsor, Ont. The ad, a key part of a $75-million campaign, was pulled off the air but not before
International economic relations
U.S. Senator Peter Welch, a member of the Senate Finance Committee, has voted in favor of a bipartisan resolution to end President Trump's tariffs on Canadian imports, which he calls a "tax on Vermont businesses and manufacturers, farmers, and families." The resolution, led by Senator
Tariffs
US President Donald Trump's sudden visit to Busan airport in South Korea was the unlikely setting for a trade truce with Chinese President Xi Jinping. The deal was reached on the sidelines of the APEC Summit, capping months of planning and negotiation between the two leaders. The agreement
Tariffs
U.S. Senator Peter Welch, a member of the Senate Finance Committee, has voted in favor of a bipartisan resolution to end President Trump's tariffs on Canadian imports, which he calls a "tax on Vermont businesses and manufacturers, farmers, and families." The resolution, led by Senator
Tariffs
As the United States President Donald Trump's tariff-driven trade wars continue to cast a shadow over global commerce, China has emerged as a champion of free trade and multilateralism under the leadership of President Xi Jinping. The upgraded Free Trade Agreement (FTA) between China and the Association of
Tariffs
The recent announcement by China's government to put controls on the export of rare earth elements has sparked concerns over global access to these essential minerals. China has a near-monopoly over the mining and refining of these elements, which are crucial for the production of electric vehicles, smartphones,
Legislative bills
The US Senate passed legislation to terminate President Donald Trump's national emergency declaration on Canadian tariffs, effectively canceling the tariffs imposed under the International Emergency Economic Powers Act. The move comes after a day when the Senate terminated Trump's tariffs on Brazil, passing a similar bill
Presidents (Government)
A planned US-China summit may lead to a trade truce, but it comes at a steep cost for American influence. President Trump's rash announcement of tariffs in April has led to China weaponizing its control over rare earth minerals, crucial for modern industry. China dominates the supply of
