Tariffs
Former US Treasury official Kimberly Clausing and Taiwanese trade experts have raised concerns about the impact of Donald Trump's trade policies on global supply chains. Speaking at the Taiwan Future Summit, Clausing criticized Trump's tariff war with China, citing studies that show American households pay an
Tariffs
The Chinese zero-tariff policy for African goods has expanded rapidly in recent years, with 53 of the continent's countries now eligible to export their taxable goods to the Chinese market duty-free. This policy, promoted as a vehicle for deeper Sino-African cooperation and shared prosperity, has gained attention for
Tariffs
As technology companies diversify their supplier networks in response to evolving trade policies and tariff uncertainties, Everstream Analytics has enhanced its tariff intelligence capabilities. The company's new report, "Shifting Away from China," analyzes exclusive supplier data from 2019 to 2024, revealing significant diversification of supplier networks
Tariffs
Federal Reserve Chair Jerome Powell testified before the Senate Banking Committee, cautioning that President Donald Trump's sweeping tariffs will likely lead to higher inflation in the coming months. Powell acknowledged that consumers will bear some of the cost of the import taxes, which are estimated to cost hundreds
Tariffs
Trade negotiations between the United States and Mexico are nearing a resolution that could alleviate crushing duties on Mexican steel imports essential to U.S. automakers and other industries. A quota system is being developed to reduce tariffs on a certain volume of steel imports from Mexico, with a proposed
Tariffs
As the trade tensions between the US and China escalate, Federal Reserve Chairman Jerome H. Powell informed Congress that the Fed will maintain its unchanged key fed funds rate until it gains a better understanding of President Trump's tariff policy's impact on consumer prices. Powell'
Tariffs
Federal Reserve Vice Chair for Supervision Michelle Bowman expressed her growing concerns about labor market risks and decreased worries about inflation, saying the time to cut interest rates is imminent. At a gathering in Prague, Bowman stated that inflation appears to be on a sustained path back to 2%, and
Tariffs
The implementation of US President Donald Trump's trade policies has led to an increase in costs for school construction projects in Canada. The Mission school district in British Columbia has estimated that replacing Mission Secondary School will cost $7 million more, due to retaliatory tariffs imposed by the
Tariffs
Federal Reserve Chair Jerome Powell expressed concern that President Donald Trump's tariffs will likely push up inflation in the coming months, during his twice-yearly testimony before the House and Senate. Powell noted that consumers will have to shoulder some of the cost of the import taxes, which could
Tariffs
As trade talks with the United States continue, the head of Canada's largest private-sector union is sounding the alarm on the potential consequences of including tariffs on automobiles in a trade deal. Lana Payne, national president of Unifor, says the 25-per-cent tariffs imposed by US President Donald Trump
Tariffs
The North American steel and aluminum industry has been plunged into crisis as a result of ongoing tariffs imposed by the Trump administration. The crisis centers on the can-making industry, which relies heavily on imported steel and aluminum. Pacific Coast Producers, a leading co-op in the United States, has seen
Tariffs
US Federal Reserve Chair Jerome Powell has pushed back against pressure from President Donald Trump, stating that the central bank is well-positioned to wait and see how tariffs affect US prices before cutting interest rates. The Fed's decision to keep rates on hold at its latest policy meeting
