Tariffs
LG Energy Solution, the world's third-largest electric-vehicle battery producer, reported a significant increase in its second-quarter operating profit, with a 152 per cent year-over-year growth to Won492bn ($360mn). Analysts had forecast a Won294bn profit, indicating a substantial outperformance by the company. The profit surge is largely attributed to
Carney, Mark
As the 90-day pause on US tariffs comes to an end, Canada remains hopeful that a trade deal with the US can be reached by July 21. However, trade experts and business groups warn that the unorthodox negotiating tactics of President Trump make it impossible to rule out the possibility
Tariffs
President Trump is poised to rekindle economic pressure on America's trading partners this week, as the deadline for making trade deals elapses and the administration begins notifying countries of the tariffs they'll face on exports to the United States. For 90 days, the administration has been
Tariffs
Chinese businesses are shifting a significant portion of their exports to the US through south-east Asia in an attempt to circumvent the tariffs imposed by Donald Trump during the trade war. According to data from the US Census Bureau, China's exports to the US declined by 43% year-over-year
Tariffs
The Trump administration's 90-day pause on higher tariffs on imports from some countries is set to end, with Secretary of the Treasury Scott Bessent warning that unless countries make concessions, tariffs will "boomerang" back to the steep levels set in April. This comes as President Trump
Tariffs
The European Union expects to determine on Monday whether President Donald Trump will impose punitive tariffs on its member states, a move that economists warn could have severe repercussions for companies and consumers on both sides of the Atlantic. The feud is part of a broader trade conflict between the
Tariffs
Amid rising geopolitical tensions, the 17th BRICS Summit has expressed deep concern over the increase in unilateral tariff and non-tariff measures, which it says distort trade and are inconsistent with WTO rules. The bloc's members, including Brazil, Russia, India, China, and South Africa, also criticized the use of
Tariffs
US President Donald Trump has threatened to impose a 10% additional tariff on any country that aligns with the "anti-American policies" of the BRICS group, comprising Brazil, Russia, India, China, and South Africa. This move comes just hours after the BRICS leaders met in Rio de Janeiro and
Tariffs
Brazil's President Luiz Inácio Lula da Silva is actively promoting international cooperation as the United States, under President Donald Trump, increasingly turns inward and rejects global climate and health initiatives. During a state visit to China earlier this year, Lula presented a new world map where Brazil is
Tariffs
Emerging nations have united against US President Donald Trump's trade tariffs, which they deem "illegal" and a threat to the global economy. In a draft summit statement, the BRICS nations - Brazil, Russia, India, China, and South Africa - express "serious concerns" about US
Tariffs
As the 11-member BRICS grouping met in Rio de Janeiro, US President Donald Trump fired back at their criticism of his trade policies, warning that countries aligning with the bloc will face an additional 10% tariff. The escalation comes as the BRICS nations account for half the world's
Tariffs
The European Union is embroiled in a delicate dance with China, as officials seek to balance their economic ties with China's growing influence on the global stage. The bloc's relationship with China has become increasingly contentious, with tensions rising over trade, technology, and security issues. European
