Tariffs
As the US and Canada continued to negotiate a trade deal by mid-July, US President Donald Trump unexpectedly ended the talks, citing an "egregious tax" on tech companies. The move comes after the neighboring nations had imposed tariffs on each other's goods following a trade war
Tariffs
US President Donald Trump announced the immediate cancellation of trade negotiations with Canada on Friday, citing the neighboring country's digital services tax. Trump accused Canada of charging US farmers up to 400% tariffs on dairy products and purportedly copying the European Union's move to impose a
Tariffs
As the world grappled with the COVID-19 pandemic, the US textile industry played a vital role in producing critical personal protective equipment. However, despite its contributions, the industry feels sidelined in the Trump administration's trade agenda, which prioritizes sectors like steel, aluminum, and pharmaceuticals. The sector, which employed
Tariffs
Despite optimism on both sides, the US-India trade talks have hit a roadblock over disagreements on import duties for auto components, steel, and farm goods. US President Donald Trump's remarks on having a "very big" trade deal with India came hours after a news report quoting
Tariffs
The United States and China have reached a significant agreement on the accelerated shipment of rare earth minerals, marking a major step towards resolving the ongoing trade tensions between the world's two largest economies. The agreement, announced by President Donald Trump on Thursday, comes after months of negotiations
Tariffs
The Trump tariffs of 50 per cent have plunged the Canadian and American steel industries into chaos, affecting the automotive and other manufacturing sectors that rely on them. With the July 21 deadline for a Canada-U.S. trade deal looming, there is a glimmer of hope that common sense may
Tariffs
The UK steel industry is facing uncertainty after the US-UK trade deal was finalised this month, leaving tariffs on steel at 25 per cent instead of falling to zero as originally agreed. Tata Steel, owner of the Port Talbot plant, has warned that its exclusion from tariff-free access under the
Tariffs
The sportswear company is bracing for a significant increase in costs as a result of Donald Trump's tariff war, which it estimates will amount to approximately $1bn. Nike is expected to reduce its manufacturing in China, with the market value of the company having plummeted by a third
Tariffs
German Chancellor Friedrich Merz is being seen as delusional by EU officials involved in trade talks with the US, who believe that he is underestimating the difficulties of securing a deal that would spare the country's car industry from US tariffs. EU officials have privately told Berlin that
Tariffs
The UK's car production has plummeted to 49,810 units in May, a stark contrast to recent years, due to trade challenges and industrial transition. The introduction of new 25% US tariffs on British car imports has triggered an export collapse, with leading car brands such as Jaguar
Tariffs
The UK's car manufacturing industry slumped to its lowest level since 1949 in May, with production plummeting 32.8pc to 49,810 vehicles, according to the Society of Motor Manufacturers and Traders (SMMT). This decline, which marks the worst output since the coronavirus pandemic in 2020 forced factories
Tariffs
Despite EU-imposed tariffs on Chinese electric vehicles, manufacturers such as BYD, Geely, and Chery have doubled their share of the European car market, according to registration data compiled by JATO Dynamics. The Chinese companies have responded to the tariffs by pivoting to hybrids and gasoline-powered cars, importing less-expensive models, and
