Tariffs
Fed policymakers, including top candidate Christopher Waller, are divided on whether to cut interest rates as soon as next month or hold them steady through 2025. The debate centers on whether to offset softer economic growth with rate cuts or keep borrowing costs higher due to expectations of inflation from
Tariffs
US Federal Reserve Governor Christopher Waller has stated that the central bank could begin reducing interest rates as early as next month, citing flexibility in response to global economic uncertainty and rising geopolitical risks. This announcement comes on the heels of the Fed's decision to keep benchmark interest
Tariffs
Fitch Ratings has revised the outlooks for banking sectors in South Korea, Taiwan, Thailand, and Vietnam to reflect the potential impact of US trade policies on these economies. The ratings agency has adjusted its 'neutral' outlook for APAC's banking sector to 'deteriorating' for 2025,
Tariffs
Canadian Prime Minister Mark Carney announced a new wave of counter-tariffs on US steel and aluminum products, pending a trade deal with the US within 30 days. The move, aimed at protecting Canadian industries from unjust US tariffs, comes as negotiations between Carney and US President Donald Trump continue to
Tariffs
The federal government has taken steps to safeguard its steel and aluminum sectors, as it negotiates a new economic and security partnership with the United States. Canada's Department of Finance has introduced six new protection measures, aimed at responding to the ongoing trade tensions. The measures include adjusting
Tariffs
The Pakistani government has announced significant changes to its ban on importing older vehicles, allowing the commercial import of vehicles up to five years old from September 2025. This move is part of broader trade reforms aimed at expanding consumer choices and boosting revenue through controlled imports. The new policy,
Tariffs
Canada is implementing new trade restrictions aimed at limiting the importation of cheap foreign steel into the country, a move that is seen as a direct response to the recent trade tensions with the United States. Prime Minister Jagmeet Singh announced the measures, which include imposing new tariffs on steel
Tariffs
The $15bn takeover of US Steel by Nippon Steel marks a significant shift in the American economic landscape, as the country transitions from traditional capitalism to a new era of "stick-holder capitalism". This paradigm, enabled by the Trump administration's policies, introduces a heavy-handed approach where companies
Tariffs
The announcement of the UK-US trade deal, set to remove tariffs on 1.4 billion litres of US-produced ethanol, has put the livelihoods of 12,000 farmers who supply wheat to UK bioethanol plants at risk. Vivergo Fuels, the largest bioethanol plant in the UK, has warned that it will
Tariffs
The Canadian government has passed Bill C-202, which will make it illegal for ministers to reduce tariffs or increase import quotas on dairy, eggs, and poultry products in future trade deals. This move is seen as a way to protect the country's supply management system, which is crucial
Tariffs
Canada will impose new counter-tariffs on U.S. steel and aluminum if a deal to resolve the trade dispute with the Trump administration cannot be reached within 30 days, Prime Minister Mark Carney announced Friday. The new tariffs will be introduced at the end of the 30-day period, on July
Tariffs
The Federal Reserve maintained its key interest rate at 4.25-4.5% on Wednesday, as policymakers weigh the potential impact of President Donald Trump's tariffs on the economy. Despite concerns that tariffs may drive up inflation, the Fed is taking a "wait-and-see" approach, refraining from decreasing
