Tariffs
The European Union has prepared its threatened trade retaliation against the US to be swiftly applied in the future. Member states voted for tariffs of up to 30% on $107 billion worth of US imports to the EU, targeting products including Boeing aircraft, jeans, chicken, and soybeans. The bloc'
Tariffs
Thailand's proposal to reduce import tariffs to 0% on goods from the US may alleviate trade tensions, but economists warn that this move could lead to a surge in US agricultural imports, severely impacting domestic producers. The country's labor market is also at risk, with unemployment
Tariffs
In a high-stakes showdown, President Donald Trump's ambitious "Liberation Day" tariffs are set to be reviewed by a federal appeals court next Thursday. This crucial case pits the president's assertion of sweeping powers against the constitutional obligation of Congress to regulate trade through specific
Tariffs
Australia will suffer the consequences for generations if Donald Trump's global trade wars continue, Don Farrell, the country's trade minister, warned as the Albanese government faces an increasingly challenging economic environment. The US trade policy shift under Trump's administration, which seeks to expand domestic
Tariffs
After months of strained negotiations, Japan managed to secure a trade deal with the United States, narrowly avoiding punitive tariffs that were set to take effect just days later. The agreement, reached just before a critical deadline, highlights the complex dynamics at play in Japan's trade negotiations with
Tariffs
The United States has reached a trade agreement with Japan, which will impose 15% tariffs on goods imported into America from the world's fourth-largest economy. The deal, announced by US President Donald Trump on his Truth Social platform, is seen as a significant development in the ongoing trade
Tariffs
Despite the controversy surrounding his economic policies, US President Donald Trump has made significant progress in implementing his agenda, with $100bn in customs revenue collected this year and major concessions from trading partners like Japan. However, the impact of his aggressive negotiating strategy and protectionist plans remains to be seen,
Tariffs
President Trump's recently announced trade deal with Japan has sparked intense criticism from US automakers and the United Auto Workers union, who argue that the agreement gives Japanese automakers preferential treatment, putting American workers and the industry at a disadvantage. Despite the deal's potential benefits, critics
Tariffs
Asian markets experienced a sixth consecutive session of growth, with the Shanghai Composite Index, Hong Kong's Hang Seng index, and South Korea's Kospi all rising by varying percentages. The optimism is driven by the recent trade deal between the US and Japan, which has lowered proposed
Tariffs
The United States and Japan have agreed to a trade deal that will lower tariffs on some American exports to Japan from 25 per cent to 15 per cent, while also increasing investment in the US and opening Japanese markets to US agricultural products. The deal, reached after eight rounds
Tariffs
The Trump administration's deal with Japan, aimed at lowering tariffs on imported cars, has sparked concerns from the big three U.S. automakers, including General Motors, Ford, and Stellantis. The deal, while offering lower tariffs, has raised worries that it will hurt American car manufacturers who rely on
Tariffs
US automakers General Motors Co., Ford Motor Co., and Jeep-maker Stellantis NV are concerned that President Donald Trump's trade deal with Japan will put them at a competitive disadvantage. The deal, which includes a 15% tariff on Japanese vehicles, would make US automakers face steeper import taxes on
