Former U.S. President Donald Trump has officially approved a 25% tariff on steel and aluminium imports, a decision that is expected to send shockwaves through global trade markets. The move, aimed at protecting American industries, could escalate tensions with major trading partners, including China, the European Union, and Canada. This tariff policy, which was a … Read more
In an unprecedented escalation of the ongoing trade war, China has formally announced a series of retaliatory tariffs against U.S. imports in response to President Donald Trump’s recent decision to impose a 10 percent levy on Chinese goods. Set to take effect on February 10, this counteraction by China comes at a time when trade … Read more
In a bold and controversial move, former U.S. President Donald Trump has announced his intention to proceed with imposing 25% tariffs on imports from Canada and Mexico, effective from Saturday. This pledge, which has drawn significant attention from political leaders, economists, and business owners, is set to have far-reaching consequences on the trade relationships between … Read more
The U.S. dollar faced its steepest drop since November 2023, as global markets reacted to President Donald Trump’s ambiguous stance on trade tariffs. The dollar index, which measures the strength of the U.S. currency against a basket of six other major currencies, fell by as much as 1.3% by late afternoon in New York, signaling … Read more