Tariffs
As the 4th of July Independence Day celebrations approach, the EU and the US are on the cusp of a significant agreement that would avert 50% tariffs on all EU exports. Both sides are willing to make concessions to reach a deal, with the EU agreeing to accept 10% blanket
Tariffs
The US labor market surprised many with a robust job gain of 147,000 in June, while the unemployment rate unexpectedly dipped to 4.1%. However, beneath the surface, the economy is still grappling with the consequences of President Trump's economic policies, particularly the sweeping import tariffs and
Tariffs
US President Donald Trump has ignited fears of a renewed global trade war by threatening to raise tariffs on Japan and expressing doubt over the possibility of a trade deal between the two nations. Trump's remarks came as tensions between the US and Japan continue to escalate, with
Tariffs
The United States has struck a trade agreement with Vietnam, which will lower Washington's "reciprocal tariff" on exports from the Asian country to 20 per cent. This represents a significant reduction from the 46 per cent levy initially imposed on Vietnam during President Trump's
Tariffs
As the July 9 deadline for US trade negotiations with the European Union looms, the EU's Minister for Foreign Trade, Laurent Saint-Martin, has expressed cautious optimism that a balanced agreement will be reached. However, with US tariffs on EU products potentially rising to 50% if no deal is
Tariffs
European capitals have stiffened their position in trade negotiations with Donald Trump, insisting the US drop its tariffs on the EU immediately as part of any framework agreement ahead of the July 9 deadline. Trade Commissioner Maros Sefcovic has been instructed to take a tougher stance on his upcoming trip
Tariffs
President Donald Trump has announced a trade deal with Vietnam that would allow U.S. goods to enter the country duty-free, while Vietnamese exports to the United States would face a 20% levy. The announcement comes after Trump suspended a 46% tax on Vietnamese imports earlier this year to allow
Tariffs
The deal, announced by British Prime Minister Sir Keir Starmer, reduces tariffs on automotive and aerospace exports to the US, a key development in the post-Brexit trade landscape. The agreement slashes import taxes for car manufacturers, allowing them to export to the US at a lower rate of 10%, down
Tariffs
Amid a global shift towards protectionism, China's announcement of a new economic pact with Africa has significant implications for Nigeria's trade relations and economic growth. The policy, which will eliminate tariffs on imports from 53 African countries, is a major opportunity for Nigeria to boost its
Tariffs
Federal Reserve Chair Jerome Powell held firm against President Trump's pressure to lower interest rates, saying the central bank will wait to see how the economy is affected by the tariffs imposed by the White House. Speaking in Sintra, Portugal, Powell stated that the Fed's key
Tariffs
Federal Reserve Chair Jerome Powell suggested on Tuesday that President Donald Trump's trade policies, particularly tariffs on foreign goods, have contributed to the central bank's recent decision to keep interest rates steady. Powell made the comments during an appearance at the European Central Bank forum in
Tariffs
The ongoing trade war between the US and other countries has escalated into a new arena: taxes. In a compromise reached with the G7 and the OECD, the US has secured exemptions for its companies from two rules on tax avoidance, in exchange for dropping a provision that would have
