Tariffs
President Donald Trump made a surprising announcement on Truth Social, stating that gold will not be subject to tariffs, causing gold futures to plummet by 2.48% to $3,404.70 per ounce. The decision effectively reverses a previous ruling by the U.S. Customs and Border Protection that would
Tariffs
Despite US President Donald Trump's claims of a major breakthrough in trade negotiations with Japan and South Korea, the planned Alaska LNG project faces significant doubts over its financial feasibility. The project, which involves piping liquefied natural gas (LNG) from Alaska's northern gasfields to the southern
Tariffs
U.S. tariffs are sending shockwaves through the global economy, affecting everything from Canadian exports to American oranges. As President Donald Trump meets with Vladimir Putin to discuss the war in Ukraine and trade deadlines with China, analysts are warning of potential spillover effects on the Canadian economy. Meanwhile, the
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Defence Minister Rajnath Singh took a veiled swipe at US President Donald Trump on Sunday, expressing discontent with the recent tariff hikes on Indian goods. Singh stated that some individuals were envious of India's rapid growth and attempting to disrupt the country's economy. He highlighted that
Tariffs
Economists and investors are eagerly awaiting official data on the UK jobs market, with a mix of gloomy expectations from employers and conflicting signals from recent official statistics. The Bank of England's Monetary Policy Committee is split on whether to focus on job losses or stubborn inflation. Meanwhile,
Tariffs
Donald Trump's second term as U.S. President has unleashed a seismic shift in international relations, as his aggressive trade policies and blunt diplomatic tactics have pushed India, China, and Russia into a quiet but strategic coordination. This realignment marks a turning point in global politics, driven by
Tariffs
The Trump administration's recent tariffs on US trading partners, including Bangladesh, have sparked concern among economists and policymakers worldwide. The move represents a departure from the post-war global trading system established by the General Agreement on Tariffs and Trade (GATT) and later adopted by the World Trade Organization
Tariffs
The European Union's trade deal with the Trump administration has been met with fierce criticism, with some viewing it as a giveaway to Washington and devoid of victories for the 27 nations of the bloc. However, a closer examination of the deal reveals that the European Union has
Tariffs
As the recent 30% tariff hike by the US takes effect, South Africa's sugar and automotive industries are facing significant challenges that could lead to alarming job losses and jeopardize exports. Economists are warning that the tariffs could have disastrous consequences for local businesses, making it difficult for
International trade
Former US National Security Advisor John Bolton has expressed concern that President Donald Trump's tariffs on India could have far-reaching and negative consequences for US strategic interests in the region. Speaking to CNN, Bolton highlighted the perceived contradiction in Trump's trade policy, where India is being
Tariffs
Canada's federal government would be foolish to assume the USMCA will survive intact until 2032, given US President Donald Trump's history of tearing up trade deals that don't serve his interests. Mr. Trump's trade policy is based on tariff and investment shakedowns,
Tariffs
Mexican President Claudia Sheinbaum has recently met with Canadian Finance Minister François-Philippe Champagne and Foreign Affairs Minister Anita Anand, with Sheinbaum expressing a desire to improve relations with Canada and promote investment. However, despite Sheinbaum's efforts to project a sense of control and dominance over the national agenda,
