Tariffs
As the deadline for Trump's self-imposed August 1 trade policy deadline draws near, the White House is intensifying its efforts to reshape the global trade landscape. President Donald Trump has signed executive orders imposing 50% tariffs on Brazil, certain copper products, and suspending a tax perk for countries
Tariffs
The Bank of Canada has left interest rates unchanged, citing ongoing uncertainty surrounding US tariff policy and its impact on the Canadian economy. Despite some resilience from the Canadian economy, the central bank is cautious, weighing the potential impact of trade disruptions on inflation and the overall economy. The decision
Tariffs
As the national conversation around tariffs intensifies, small business owners are feeling the strain of rising costs, supply chain disruptions, and tough pricing decisions. Despite their concerns, many are adapting quietly, with 58% raising prices and 29% absorbing the costs themselves. However, with 51% saying they can only do so
Tariffs
Canadian premiers strongly condemned President Trump's looming tariff threat, but their unity quickly dissolved when it came to discussing potential responses to the trade war. The leaders of Canada's provinces and territories met for three days to discuss the economic impact of Mr. Trump's
Tariffs
The European Union, nearly all of whose member countries have supported a plan to hit back against President Trump's tariffs, is prepared to retaliate with tariffs on over 93 billion euros' worth of U.S. imports if no agreement is reached. This comes as European Union officials
Tariffs
Australia will suffer the consequences for generations if Donald Trump's global trade wars continue, Don Farrell, the country's trade minister, warned as the Albanese government faces an increasingly challenging economic environment. The US trade policy shift under Trump's administration, which seeks to expand domestic
Tariffs
After months of strained negotiations, Japan managed to secure a trade deal with the United States, narrowly avoiding punitive tariffs that were set to take effect just days later. The agreement, reached just before a critical deadline, highlights the complex dynamics at play in Japan's trade negotiations with
Tariffs
US stock markets showed mixed trading on Tuesday, with the S&P 500 hovering near its record high, as investors weighed the impact of General Motors' tariff warning and better-than-expected earnings from homebuilders. The Dow Jones Industrial Average and Nasdaq composite also saw moderate fluctuations. The warning from
International trade
President Donald Trump's bold bet on tariffs has so far yielded victories in trade agreements with several key partners, including Japan, China, and the UK. Trump's strategy of setting high targets and then negotiating apparent concessions has been hailed as a winning formula, but experts caution
International trade
Australian Prime Minister Anthony Albanese embarked on a six-day, three-city tour of China, meeting with President Xi Jinping to strengthen bilateral ties between the two nations. The visit comes as the world grapples with the impact of Donald Trump's trade war, and China's $20 billion trade
International trade
The UK has donated £750,000 to the World Trade Organization's (WTO) Global Trust Fund for 2025, prioritizing training activities in services, particularly for developing economies and least developed countries (LDCs). This contribution will enable these countries to strengthen their expertise in WTO issues, enhancing their participation in
International trade
As tensions between the United States and China escalate, India, a founding member of the BRICS group, finds itself in an uncomfortable spot. President Trump's attacks on the group, which includes Brazil, Russia, and China, have put India in a precarious position, caught between its desire to reduce
