International trade
The Biden administration faces a legal challenge to President Joe Biden's tariffs on dozens of countries, including Brazil, after a three-judge panel of the U.S. Court of International Trade ruled in late May that President Donald Trump exceeded his authority. However, the U.S. Court of Appeals
Tariffs
Current study results on sustainable food systems have revealed the significant impact of trade friction between China and the US on China's grain import resilience. According to research published in Frontiers in Sustainable Food Systems, the trade war has resulted in increased grain import prices, price volatility, and
Tariffs
Canadian Prime Minister Mark Carney has announced that steel originating in China will face higher tariffs to combat steel dumping amid the ongoing global trade war. This comes after U.S. President Donald Trump hiked tariffs on steel and aluminum to 50 per cent from 25 per cent over a
Tariffs
Economists initially forecast a drastic slowdown of the US economy following President Trump's announcement of sweeping tariffs in early April. However, three months later, inflation remains muted, the job market remains strong, and forecasters have reduced their recession predictions. While data from the Labor Department shows prices rose
Tariffs
Consumers are starting to feel the pinch of President Trump's tariffs, with the latest data showing a significant increase in prices for household furnishings, appliances, and apparel in June. The White House has downplayed the impact, but economists and experts warn that the trend is a clear sign
International trade
As President Trump's tariffs continue to affect the economy, economists say the effects are starting to show up in subtle ways. Despite initial warnings of dire consequences, including higher prices and rising unemployment, inflation remains muted and the job market remains strong. However, economists expect the evidence to
Tariffs
As high-stakes talks continue between India and the US on an interim trade deal, the focus is on the tariff rate that the US will impose on India. In April, President Donald Trump announced a 26% reciprocal tariff rate, but later suspended tariffs for all countries to 10%. The latest
International trade
President Trump has transformed the global trade landscape through his steady and dramatic increase in U.S. tariffs. The president's fondness for tariffs has left businesses and foreign leaders hopeful that he will back down from his threats, yet events of the past week have cast serious doubt
International trade
European businesses are struggling to develop long-term plans due to the uncertainty caused by President Trump's latest threat of a 30 percent tax on goods imported from the European Union. The threat, made on Saturday, leaves businesses facing tariff levels not seen since the end of the 19th
International trade
Bank of England Governor Andrew Bailey has issued a stark warning against the dangers of US tariffs, emphasizing the need for international cooperation to address global trade imbalances without sacrificing economic growth. Speaking in London, Bailey cautioned against resorting to tariffs as a means of tackling the US trade deficit,
Tariffs
The European Central Bank is left to ponder the potential consequences of US tariffs on the European Union, which could hit the euro, put equities under pressure, and deepen economic slowdowns, analysts said on Monday. US President Donald Trump's decision to impose a 30% tariff on EU goods
International trade
President Donald Trump's trade policies have become increasingly unpredictable, causing concern among countries eager to negotiate deals that can help mitigate the economic uncertainty. In the past week, Trump doubled down on his trade wars by announcing tariffs on the European Union and Mexico, further escalating tensions with
