A financial storm is brewing with trillion-dollar consequences as the United States redefines the rules of global trade. Behind it is a bold declaration from the Trump administration; the era of passive economic diplomacy is over, and for the rest of the world, this is just the beginning. A seismic shift is underway in the … Read more
US President Donald Trump has imposed reciprocal tariffs on several nations, announcing a baseline 10 percent tax on all imports. This move is expected to make US weapons more expensive and complicate international efforts to counter China, including joint ventures with the United Kingdom and Australia to build submarines. It could further force some of … Read more
Ontario Premier Doug Ford has issued a stark warning to the United States (US), threatening to cut electricity exports in retaliation for new tariffs imposed by the Trump administration. Speaking at a mining convention in Toronto on Monday, Ford accused the US of unfair economic aggression against Canada and vowed to strike back if necessary. … Read more
US President Donald Trump has announced plans to impose 25% tariffs on goods imported from the European Union, accusing the bloc of being designed to “screw the United States.” “We’ll be announcing it very soon,” Trump told reporters during a meeting with his cabinet. “It’ll be 25% generally speaking, and that will be on cars … Read more
Indian Prime Minister Narendra Modi met with U.S. President Donald Trump at the White House on Thursday, marking a significant moment in their diplomatic relationship. The meeting, which was filled with praise and reaffirmations of partnership, aimed at strengthening U.S.-India relations amid global economic and security concerns. Despite their public display of camaraderie, key issues … Read more
President Donald Trump is considering invoking a long-dormant provision of the 1930 Trade Act to impose reciprocal tariffs on countries that maintain higher import duties on U.S. goods, a move that could significantly alter the global trade landscape. This decision signals the administration’s intent to take immediate action in addressing what Trump has long criticized … Read more
China’s retaliatory tariffs on US goods officially came into effect on Monday, signaling a new escalation in the ongoing trade war between the world’s two largest economies. This development follows closely on the heels of Washington’s imposition of fresh tariffs on Chinese products, as tensions rise over trade imbalances, technology disputes, and geopolitical rivalry. Beijing … Read more
Former U.S. President Donald Trump has announced plans to impose a sweeping 25% import tax on all steel and aluminium entering the United States. The move, which Trump revealed while en route from his Mar-a-Lago resort in Florida to the Super Bowl in New Orleans on Sunday, is expected to have significant repercussions for key … Read more