Tariffs
The US Senate on Wednesday voted 50-46 to revoke President Donald Trump's authority to impose steep tariffs on Canada, following his decision to raise tariffs on the country by an additional 10 per cent due to a television ad criticizing his trade policies. Four Republican senators joined Democrats
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
The German automaker Volkswagen has swung to a €1.3bn loss in the third quarter of 2025, its first quarterly loss since the start of the Covid-19 pandemic in 2020. The company blamed the losses on America's new trade levies and an abortive shift to electric vehicles at
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
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
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
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 and Chinese leader Xi Jinping held a critical meeting in Busan, South Korea, on Thursday, seeking to stabilize relations between the world's two largest economies amid ongoing trade tensions. The meeting comes after months of turmoil over trade issues, with both sides seeking to
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
Senators
U.S. Senators Jeanne Shaheen and Ron Wyden have applauded the Senate's passage of a bipartisan resolution to repeal Donald Trump's global tariffs and restore congressional authority over trade. The resolution, led by Senator Wyden and cosponsored by several Democrats and Republicans, aims to terminate the
Tariffs
A high-stakes meeting between US President Donald Trump and Chinese President Xi Jinping in South Korea concluded with a trade war truce, featuring a deal to trim tariffs on China in exchange for Beijing resuming US soybean purchases and tackling illicit fentanyl trade. However, the market reaction remained cautious, with
