The United States is set to double tariffs on imported steel and aluminum starting Wednesday, marking a significant escalation in President Donald Trump’s ongoing trade war. The White House released an official order signed by Trump, increasing the levies on both metals from 25% to 50%, a move aimed at protecting domestic industries from what…
The European Union is seeking to increase its imports from the United States by €50 billion ($56.5 billion) as part of a broader effort to resolve rising trade tensions and reduce its trade deficit with Washington. European Trade Commissioner Maros Sefcovic revealed this goal in an interview with the Financial Times, indicating that the bloc…
In a possible step toward easing tensions in the ongoing U.S.-China trade war, China has reportedly exempted select American products from its steep retaliatory tariffs. While this move sparked hope that a truce might be on the horizon, conflicting signals from both sides suggest the situation remains far from resolved. On Friday, several U.S. business…
Asian stocks managed to hold steady on Tuesday, displaying surprising resilience in the face of a global market storm that saw U.S. equities and the dollar take a heavy beating. With Wall Street still reeling from President Donald Trump’s latest attacks on Federal Reserve Chair Jerome Powell, the financial world is on edge—and investors are…
European stock markets opened on a high note Friday, rounding off a volatile week that saw global equities whipsawed by mounting concerns over then-President Donald Trump’s unpredictable trade policies. Investors breathed a cautious sigh of relief as major indices across the continent bounced back, building on momentum from Thursday’s sharp rebound. In early trading, Paris’s…
In the wake of President Donald Trump’s sweeping new tariffs, over 50 nations have reached out to the White House to initiate trade talks, according to top U.S. officials speaking on Sunday. The outreach comes amid growing concern over the economic turbulence sparked by the administration’s aggressive shift in global trade policy. While Trump’s advisors…
In a move that signals a dramatic shift in America’s approach to global trade, U.S. customs agents began enforcing President Donald Trump’s sweeping new tariff policy early Saturday. A 10% tariff on imports from a wide range of countries is now in effect, marking a decisive break from the post-World War II system of negotiated…
In a surprising shift following global criticism, the United States has scaled back planned tariff hikes on several small territories, including two French overseas regions that were initially facing steep import duties. Earlier this week, the Trump administration announced aggressive tariffs on a number of countries and territories as part of its sweeping new trade…
The global trade landscape just got a major shake-up. In response to President Donald Trump’s sweeping new tariffs, the head of the World Trade Organization (WTO) has issued a stark warning: we could see global merchandise trade volumes contract by around 1% this year. The warning came on Thursday from WTO Director-General Ngozi Okonjo-Iweala, just…
