Tariffs
India and the European Union have made significant progress in their trade talks, closing as many as five chapters, including the challenging area of intellectual property rights. The conclusion of the UK deal is an "important factor" in Delhi's trade negotiations with Brussels, with India giving
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The World Bank has reduced its forecast for global economic growth in 2023, citing disruptions to global trade resulting from President Trump's trade war. The new outlook predicts a 2.3% growth rate, down from 2.7% previously. Similarly, the forecast for US economic growth has been lowered
Tariffs
The global economy is projected to slow sharply this year due to President Trump's trade policy, which is disrupting international commerce and increasing economic uncertainty, the World Bank said on Tuesday. Despite the weakening outlook, the global economy is not expected to fall into a recession. However, the
Tariffs
Consumer prices in the United States are expected to rise 2.5% in May compared to the same month last year, driven by President Donald Trump's tariffs on imports, which are expected to contribute to higher costs of goods such as clothes, furniture, and appliances. The inflation rate
Tariffs
Economists had expected a higher increase in US prices following President Donald Trump's tariffs, but the latest data show a softer-than-expected increase in inflation. Annualized inflation ticked higher to 2.4% in May, up from 2.3% in April, while the consumer price index rose by 0.1%
Tariffs
Uncertainty triggered by sweeping US tariffs and trade fragmentation is forecast to slow global economic growth to 2.3% this year, the lowest non-recessionary rate in nearly two decades, according to the World Bank's latest economic outlook. The multilateral lender cited a weakening trade environment and deteriorating investor
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As President Javier Milei's free-market reforms gain momentum, Tierra del Fuego, a remote province in Argentina, is facing an uncertain future. The special economic regime that has shielded the local industry for decades is being dismantled, threatening the livelihoods of thousands of workers. The province's left-leaning
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As the Trump administration's tariffs disrupt global supply chains, commercial instability, and cross-border conflicts, international arbitration is emerging as a crucial mechanism for resolving private disputes arising from tariffs and trade instability. Tariffs have long been used to shield domestic industries from foreign competition, but the scale and
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Canada's reaction to U.S. tariffs on steel and aluminum has been a topic of discussion in recent months. The tariffs, which have more than doubled to 50 per cent, disproportionately affect Canada as the country's largest supplier of these metals to the U.S. While
Tariffs
The Trump administration has imposed a 50% tariff on steel and aluminum products from all countries, excluding the United Kingdom, which has a temporary exemption under the "US-UK Economic Prosperity Deal" announced on May 8, 2025. This decision was made after President Trump issued a proclamation on June
Tariffs
Despite concerns that President Donald Trump's sweeping "Liberation Day" tariffs would lead to higher inflation, consumer prices rose only 0.1 percent in May. The annual inflation rate remained steady at 2.4 percent, providing some insight into how businesses are adapting to the new trade
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The Labor Department's consumer price index rose at an annual rate of 2.4 percent in May, up slightly from a 2.3 percent annual rise in April. This increase suggests that the effects of President Trump's tariffs have yet to take hold, with some importers
