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 development that’s shaking confidence on Wall Street and beyond, JP Morgan has sounded the alarm on a potential U.S. recession this year—largely driven by the newly announced tariffs by President Donald Trump. In a note to investors released Friday evening, Michael Feroli, the firm’s Chief U.S. Economist, warned that the American economy is…
The trade tensions between Canada and the United States have escalated once again, with Ottawa announcing a 25% tariff on tens of thousands of vehicles imported from the U.S. The move comes as a direct response to President Donald Trump’s sweeping tariff measures, which took effect on Thursday. Prime Minister Mark Carney confirmed the decision,…
A storm is brewing in Africa’s trade relations with the United States after President Donald Trump’s administration imposed steep tariffs on imports from several African nations. Among the hardest hit is the small kingdom of Lesotho, which now faces a 50% tariff— the highest imposed on any single country. Other nations, including Madagascar (47%), Mauritius…
After a five-year hiatus, South Korea, China, and Japan resumed economic dialogue on Sunday, aiming to strengthen regional trade ties as they brace for the impact of new U.S. tariffs. The high-level meeting, attended by trade ministers from the three economic powerhouses, focused on advancing negotiations for a trilateral free trade agreement (FTA) and enhancing…
In a move set to escalate global trade tensions, President Donald Trump is expected to announce tariffs on auto imports this Wednesday, according to the White House. The decision comes as part of his administration’s broader strategy to impose levies on major trading partners, including Canada, Mexico, and China, in a bid to rectify what…
US President Donald Trump has once again urged the Federal Reserve to lower interest rates, arguing that such a move would help counterbalance the economic impact of his tariff policies. His latest call for action came on Wednesday night via Truth Social, just hours after the Fed decided to keep rates unchanged while lowering its…
Barely two months into his return to the White House, President Donald Trump has reignited trade conflicts on multiple fronts, targeting China, Canada, Mexico, and the European Union with aggressive tariff policies. His administration is now pushing for reciprocal tariffs on any country that imposes levies on U.S. imports, with new measures possibly taking effect…
Canada has taken its trade dispute with the United States to the World Trade Organization (WTO), formally lodging a complaint on Thursday against the sweeping 25% tariffs imposed by the U.S. President Donald Trump on steel and aluminium imports. The steep levies, which took effect on Wednesday, applied across the board without exemptions, despite ongoing…
UN Secretary-General Antonio Guterres has sounded the alarm over the escalating trade tensions triggered by the Trump administration, cautioning that in a global trade war, “all will lose.” Speaking on Wednesday, Guterres emphasized the interconnected nature of the global economy and the benefits of free trade. “I think we live in a global economy. Everything…
