Tariffs
President Trump's new trade policy, announced on Wednesday, has left Minnesota farmers worried about another backlash. The tariffs, which will increase prices for hundreds of imported goods, will particularly harm U.S. farmers, who rely on foreign markets to sell their surplus. Minnesota farmers like Bob Worth, who
Tariffs
German Chancellor Friedrich Merz welcomed the trade pact, stating it avoids "needless escalation in transatlantic trade relations." The US and EU have agreed to set tariffs at 15% for European goods, including automobiles, in a deal that marks a pivotal moment following months of tensions. US President Donald
Tariffs
With US President Donald Trump's trade policies creating turmoil, central banks in Canada and the United States are set to hold interest rates steady this week. The Bank of Canada and the US Federal Reserve are expected to maintain their current rates, although uncertainty surrounding the trade war&
Tariffs
A stark difference exists in the way U.S. President Donald Trump is renegotiating trade with Canada compared to the formal process that resulted in the U.S.-Mexico-Canada Agreement in 2017. This time, a small group of top officials, including Trump and Canadian Prime Minister Mark Carney, are driving
Tariffs
India and the United Kingdom on Thursday signed the comprehensive economic and trade agreement (CETA), aimed at doubling trade between the two countries by 2030 from the current level of $56 billion. However, a conundrum has emerged in the wake of the agreement, as India retains the option to retaliate
Tariffs
The US-Japan trade agreement announced by President Donald Trump has sparked widespread criticism from Michigan automakers and the United Auto Workers (UAW) union. The deal, which lowers tariffs on Japanese auto imports while maintaining higher tariffs on American-made parts and steel, has been denounced by leaders from General Motors, Ford,
Tariffs
Canadian premiers strongly condemned President Trump's looming tariff threat, but their unity quickly dissolved when it came to discussing potential responses to the trade war. The leaders of Canada's provinces and territories met for three days to discuss the economic impact of Mr. Trump's
Tariffs
The European Union, nearly all of whose member countries have supported a plan to hit back against President Trump's tariffs, is prepared to retaliate with tariffs on over 93 billion euros' worth of U.S. imports if no agreement is reached. This comes as European Union officials
Tariffs
The Trump administration's trade strategy has come into focus this week, with countries like Japan and the European Union agreeing to baseline tariffs in exchange for access to the US market. This approach is seen as a coercive tactic, where countries are forced to swallow punitive trade terms
Tariffs
The German car giant Volkswagen has revealed it has taken a £1.13bn hit in the first half of the year due to Donald Trump's US import tariffs. The company's operating result decline was primarily caused by high costs resulting from increased US import tariffs. Volkswagen,
Tariffs
India's auto industry is set to benefit from the recent free-trade pact with the UK, as the Comprehensive Economic and Trade Agreement (CETA) removes 18% duty on exports to the European nation. Domestic clean mobility market is also protected from concessions to the UK, with no preferential customs
Tariffs
The long-awaited UK-India Free Trade Agreement (FTA) has been finalized, with both countries agreeing to eliminate tariffs on a significant percentage of goods and services. The deal marks a major shift in India's trade policy, with New Delhi allowing British companies to participate in government procurement tenders and
