Tariffs
Cooler inflation trends have continued for the fourth straight month, with the Bureau of Labor Statistics reporting a 0.1% increase in the overall Consumer Price Index and the core gauge in May. This slowdown is despite fears that President Trump's tariffs would reignite inflation. Economists project that
Tariffs
A US federal appeals court has ruled in favor of President Donald Trump, allowing him to continue enforcing his global tariffs for the time being. The decision extends a temporary reprieve for the administration, which is challenging a lower court ruling that blocked the tariffs. The Justice Department had argued
Tariffs
A new inflation report shows that prices rose by just one-tenth of 1% between April and May, despite tariffs imposed by President Trump on nearly everything the U.S. imports. Although the report is seen as a welcome relief for consumers, analysts warn that it may be too early to
Tariffs
As South Africa's automotive industry continues to ride the wave of strong domestic demand, it faces an impending crisis due to faltering exports and rising global tariff tensions. Local car sales surged 22% year-on-year in May, but exports dropped 14.6%, with passenger vehicle exports plummeting by nearly
Tariffs
Top officials from the US and China are meeting in London on Monday to negotiate a trade truce and resolve differences over tariffs and supply chains. The delicate talks come at a critical juncture for the global economy, slowed by uncertainty and supply chain disruptions. The US delegation, led by
Tariffs
The World Bank has cut its forecasts for global growth, blaming Donald Trump's trade war and saying the 2020s are on course to be the weakest decade for the global economy since the 1960s. The bank's twice-yearly Global Economic Prospects report reduced its forecast for global
Tariffs
As President Trump's 90-day deadline to sign trade deals with up to 90 countries approaches, questions arise about the feasibility of this ambitious goal. The typical trade deal takes years to close, whereas the administration's target is a fraction of the usual time. Since taking office,
Tariffs
Investors have turned to small and medium-sized European companies, drawn by lower interest rates and the promise of a growth boost from Germany's €1tn stimulus plan. This has led to a divergence between European and US equities, with smaller stocks in Europe outperforming their US counterparts. Since the
Tariffs
Economists anticipate a pick-up in US inflation in May, driven by the effects of President Donald Trump's tariffs. According to Reuters polls, consumer prices are expected to rise 2.5 per cent annually in May, up from 2.3 per cent in April. Core inflation, which strips out
Tariffs
The Trump administration's trade war with China aimed to bring manufacturing back to the US and protect local jobs by imposing tariffs on Chinese imports. However, this process of re-shoring is complex and has led to the ultra-fast fashion industry adapting by sourcing from countries with lower tariffs
Tariffs
Donald Trump's trade policies have been wreaking havoc on global markets, causing a ripple effect that ordinary people are beginning to feel. The President's approach to tariffs is shrouded in uncertainty, with rates changing on a weekly basis as he attempts to negotiate new trade deals.
Tariffs
Ghana's Minister of Trade, Agribusiness and Industry, Madam Elizabeth Ofosu-Adjare, led a high-level meeting with senior U.S. officials in Washington, D.C. to discuss critical trade policy issues, including the impact of the revived "America First" Trade Policy on Ghana's economy. The meeting
