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
European Union negotiators have been arguing for a zero percent tariff on wine and spirits exports to the United States as part of the ongoing trade agreement negotiations. However, despite weeks of negotiations, the American side has refused to budge on the issue, leaving European spirits producers facing a 15
Tariffs
President Trump's latest trade deals in Southeast Asia are a high-stakes game of economic geopolitics, designed to constrain rivals and shape the geography of global production. The deals come with punitive tariffs to choke off China's ability to route exports through third countries, posing significant risks
Tariffs
As the US presidency of Donald Trump entered its second year, a group of "stock vigilantes" was expected to curb his wild economic impulses by keeping a close eye on the markets. However, since Trump abandoned tariffs in April, investors have become complacent, disregarding policy pronouncements that should
Tariffs
Despite initial concerns of soaring prices, Canadian shoppers have seen only moderate increases in some categories, while others have remained steady or even fallen. The Canadian economy's resilience can be attributed to a combination of factors, including the effective tariff rate, government subsidies, and companies' ability to
Tariffs
The Trump administration has taken an unprecedented step in its dealings with the business world, as evidenced by the recent agreement between chipmakers Nvidia and AMD and the US government. In exchange for export licenses for semiconductors, the companies have agreed to pay 15% of their revenues from China to
Tariffs
The US and the European Union have agreed on a framework intended to guide future adjustments to their trade relationship, aiming to address trade barriers, economic security measures, and investment goals. The framework outlines a prospective tariff structure, significant E.U. investment and energy purchase goals, and a roadmap for
Tariffs
Despite US President Donald Trump's claims of a major breakthrough in trade negotiations with Japan and South Korea, the planned Alaska LNG project faces significant doubts over its financial feasibility. The project, which involves piping liquefied natural gas (LNG) from Alaska's northern gasfields to the southern
Tariffs
The European Union's trade deal with the Trump administration has been met with fierce criticism, with some viewing it as a giveaway to Washington and devoid of victories for the 27 nations of the bloc. However, a closer examination of the deal reveals that the European Union has
Tariffs
As Switzerland reels from the implementation of the highest US tariff rate in Europe, politicians and business leaders are calling on Fifa president Gianni Infantino to help secure vital access to US President Donald Trump. The calls come after a last-ditch attempt by Switzerland's president and economy minister
Trade agreements
Cambodian Prime Minister Hun Manet has nominated US President Donald Trump for the Nobel Peace Prize, citing his "crucial role" in brokering a cease-fire between Cambodia and Thailand. The nomination comes after a deal between the US and Cambodia, which eased trade concerns and reduced the threat of
European Union
The American Chemistry Council (ACC) and the European Chemical Industry Council (Cefic) have welcomed the understanding reached by U.S. President Trump and European Commission President von der Leyen on July 27th regarding the transatlantic trade and investment relationships in the chemicals sector. This agreement aims to avoid measures that
