Tariffs
The American backlash against trade has its roots in a decades-old failure to provide adequate support to communities threatened by job losses. As trade expanded with countries like Mexico and China, policymakers recognized the need for a safety net, but their efforts were often too little, too late. The story
Tariffs
As the United States signals its intention to slap new tariffs on European Union tech products, Brussels is racing to determine its next move in a rapidly escalating trade dispute. The EU's proposed Digital Services Act, which aims to regulate online content moderation and curb the dominance of
European Union
The EU must stand firm and be prepared to walk away from a trade deal with the US if Donald Trump acts on his threats to target the bloc unless it waters down its digital legislation, according to Teresa Ribera, the European Commission's executive vice-president. Ribera has called
European Union
The European Union's (EU) Free Trade Agreement with Vietnam, signed in 2019 and in force since August 2020, has been a game-changer for the country. The agreement has paved the way for unprecedented access to the EU market, catalyzed institutional reforms, and attracted high-quality foreign direct investment (FDI)
Tariffs
European officials once believed they could turn complex technological issues into tools of global power by using market pressure on foreign businesses and rulemakers. However, this strategy, known as the "Brussels effect," is now a potentially deadly decision-making bug. As the world has changed, the focus on market
Tariffs
The United States and European Union (EU) have released a joint statement outlining a Framework Agreement on Reciprocal, Fair, and Balanced Trade, which aims to promote reciprocal and balanced trade policies between the two parties. This framework outlines shared negotiating objectives and has the potential to expand into new areas
European Union
The recent framework trade agreement between the United States and the European Union may not inspire enthusiasm, but it is the most desirable option for now, according to Czech President Petr Pavel. The agreement sets a 15 percent tariff cap on most EU imports to the US, including cars, pharmaceuticals,
Tariffs
The Canadian government's decision to lift most retaliatory tariffs on American goods is expected to deliver some relief to consumers, although experts warn that the "buy Canada" movement may continue to limit demand for U.S. products. Prime Minister Mark Carney announced that the change will
Tariffs
The United States' plan to raise tariffs on furniture, pharmaceuticals, semiconductors, and critical minerals could sharply curb imports, affecting Malaysia's furniture exports significantly. With the US market accounting for roughly 40% of Malaysia's furniture exports, industry players will have to find alternative markets through trade
Tariffs
European leaders have taken a sharp turn towards accommodation with Donald Trump, accepting his demands without standing up for their own principles or interests. Instead of confrontation, they have opted for flattering rhetoric, praising Trump's diplomatic prowess and accepting his "deals" without scrutiny. This pragmatic stance
Tariffs
Trade tensions between the EU and US have reached a new level, with the two parties reaching a framework agreement on tariffs that will see European imports to the US subjected to 15% duties, except for pharmaceuticals, lumber, and semiconductors. The agreement comes as the UK's steel industry
Tariffs
Washington will maintain high tariffs on vehicles imported from the bloc until the E.U. takes steps to lower its levies on many American products. The United States and the European Union agreed to a trade deal, outlining terms that will see Washington maintain high tariffs on European vehicles until
