Tariffs
As part of his "America First" trade policy, U.S. President Donald Trump has implemented two rounds of tariffs on imported aluminum and steel, and threatened to place sectoral tariffs on copper, lumber, and timber imports. The tariffs, aimed at promoting domestic production, have sparked criticism from countries
Tariffs
The Bank of England has released its latest Financial Stability Report, highlighting growing concerns about the global economy's resilience to escalating U.S. tariffs and the subsequent impact on trade and business investment decisions. Disruptions to global supply chains and geopolitical tensions have created significant uncertainty around inflation,
Tariffs
European stocks opened with gains on Wednesday, despite US President Donald Trump's stern tone on trade policy, which saw tariffs imposed on copper and pharmaceuticals. The FTSE 100 index rose 7.13 points, or 0.1%, to 8,861.31, while the CAC 40 in Paris increased 0.
Tariffs
As the US President Donald Trump vowed to impose steep tariffs on dozens of countries by the start of next month, Wall Street signalled skepticism over whether he would follow through with his protectionist agenda. Despite Trump's promise to implement planned duties without further delay, the markets have
Tariffs
Nations making up the BRICS group, which includes Brazil, Russia, India, China, South Africa, and several other countries, are planning to deepen their economic ties and reduce reliance on trade with the United States as tensions between the US and its trading partners continue to escalate. The group, which accounts
Tariffs
Donald Trump, the United States President, has intensified his feud with Brazil's President Luiz Inácio Lula da Silva by announcing a 50% tariff hike on Brazilian goods exported to the US. The decision, revealed in a letter to Lula, marked a significant escalation in Trump's long-standing
Tariffs
The head of Japan's influential Japan Association of Corporate Executives has accused the government of a "mistake" in its trade negotiating strategy with the US, following President Donald Trump's announcement of 25 per cent tariffs on Japan. Takeshi Niinami, chief executive of Suntory, stated
Tariffs
Mexican officials, led by President Claudia Sheinbaum and Economy Minister Marcelo Ebrard, are seeking an exemption or reduction of the US tariffs on copper imports, which could affect Mexican exports worth around US$1 billion per year. Sheinbaum highlighted that Mexico exports more copper to China than the United States,
Tariffs
US President Donald Trump unveiled a sweeping set of sector-specific trade measures targeting metals, semiconductors, and pharmaceuticals, with copper futures surging as much as 17% following the remarks. Major copper producers, including Freeport-McMoRan Inc and Rio Tinto Ltd, saw their shares rally on the news. Trump also proposed giving pharmaceutical
Protectionism
The US Treasury Secretary Scott Bessent revealed that the country has collected $100 billion in tariffs so far this year, with the potential to reach $300 billion by December, according to a Cabinet meeting chaired by President Donald Trump. Trump confirmed that tariffs suspended earlier this year will return at
Tariffs
Pakistan is positioning itself as a cryptocurrency mining hub and a source of rare earths in a bid to strengthen ties with the White House and avert massive trade tariffs. The country's finance ministry is locked in negotiations with Washington to secure a trade deal that could see
Tariffs
US President Donald Trump has extended the deadline for countries to negotiate trade deals with the US, avoiding steep tariffs that had unnerved Wall Street. White House press secretary Karoline Leavitt announced the extension of the trade deadline from July 9 to August 1, citing a desire to allow more
