Tariffs
The US White House announced a comprehensive trade agreement with Indonesia, marking a significant step forward in the Trump Administration's efforts to promote American interests through trade policy. The deal eliminates approximately 99% of tariff barriers, unlocks new market access, and addresses non-tariff barriers, providing substantial benefits to
Tariffs
The Trump administration's trade deal with Japan has been hailed as a major victory, with President Trump claiming that it marks the "opening of Japan's markets to the US for the first time ever" due to his use of "tariff power." However,
Tariffs
US stock markets showed mixed trading on Tuesday, with the S&P 500 hovering near its record high, as investors weighed the impact of General Motors' tariff warning and better-than-expected earnings from homebuilders. The Dow Jones Industrial Average and Nasdaq composite also saw moderate fluctuations. The warning from
Tariffs
As the Trump administration finalizes unprecedented tariffs for the global pharmaceutical sector, multinational drug companies are spending a record amount on medicines developed by Chinese biotechs. This year, China has comprised 18% of licensing deals globally for multinational companies, with a third of the deal value coming from China, a
Tariffs
China's Hainan Free Trade Port is taking a significant step towards trade liberalization with the introduction of new tax policies. Benefiting from these policies are enterprises and institutions, which are exempt from importing taxes on 'zero-tariff' goods imported through the 'First Line' and circulating
Tariffs
Prime Minister Narendra Modi is expected to sign the UK-India Free Trade Agreement (FTA) in London on Thursday, but doubts have been raised about its potential impact and several grey areas remain. The agreement aims to eliminate tariffs on 99% of Indian exports to the UK and reduce tariffs on
Tariffs
Industry Minister Mélanie Joly says the federal government is reassessing the level of its zero-emission vehicle sales requirement due to the auto sector's struggles, including falling electric-vehicle sales and imposed tariffs. The government aims to balance supporting the industry while meeting its climate change goals. Automakers, including Ford,
Tariffs
The US and Japan have agreed a "massive" trade deal that includes a 15% tariff on Japanese exports to the US, offering hope that agreements with other countries will be struck by the looming August 1 deadline, analysts said. The deal, announced by President Donald Trump, has sent
Tariffs
General Motors' adjusted earnings and revenues declined in the second quarter, despite a significant increase in electric vehicle sales and signs of a recovery in its Chinese business. The US carmaker's profits were affected by a 25% tariff on foreign-made cars and other levies imposed by US
Tariffs
The shift in President Trump's trade policy has come as a surprise to many, including Brazil's President Lula, who has found an unexpected ally in Trump's bid to undermine the rule of law in another country. Trump's threat to impose 50 per
Tariffs
The European Union is set to face a critical moment of truth on August 1, as Donald Trump's "reciprocal" tariffs come into force for countries that fail to strike trade deals with Washington. This deadline will test the complacency that has prevailed in financial markets since
Tariffs
Canadian consumers have been implementing a growing boycott of US products, driven by their rejection of Donald Trump's aggressive trade policies. This phenomenon has caught the attention of US politicians, including senators who met with Canadian Prime Minister Mark Carney to discuss the trade dispute. Despite the US
