Trump's tariffs rekindle global trade tensions

Trump’s tariffs rekindle global trade tensions

Canada ‘disappointed’ by U.S. hiking tariffs, Prime Minister Mark Carney says Canadian Prime Minister Mark Carney said the U.S. increasing tariffs to 35% on the country had “disappointed” its government. The duties have already come into effect and are the latest escalation in the months-long U.S.-Canada trade conflict. “While we will continue to negotiate with…

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Those who have and have no deal

Those who have and have no deal

U.S. President Donald Trump calls on a reporter during a meeting with Philippine President Ferdinand Marcos Jr. in the Oval Office at the White House on July 22, 2025, in Washington, D.C. Chip Somodevilla | Getty Images News | Getty Images Come Friday, the world will have to contend with higher tariff rates from the…

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UK plans to recognize Palestinian state in September unless Israel takes action

UK plans to recognize Palestinian state in September unless Israel takes action

Britain said on Tuesday it would recognize a Palestinian state unless Israel takes steps to relieve suffering in Gaza, where starvation is spreading, and reaches a ceasefire in the nearly two-year war with Hamas. The warning came after a hunger monitor said a worst-case scenario of famine is unfolding and immediate action is needed to avoid widespread death. Palestinian…

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The European stocks likely to be winners, losers

The European stocks likely to be winners, losers

European automakers and pharmaceutical companies are emerging as the immediate winners in the aftermath of the U.S.-EU trade deal agreed on Sunday. The new accord removes the overhang of more punitive tariffs, providing a relief rally to stocks in the sector. Under the agreement, details of which have not yet been revealed, exports from the…

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U.S. China trade tariff talks

U.S. China trade tariff talks

U.S. Secretary of the Treasury Scott Bessent, U.S. Trade Representative Jamieson Greer, China’s International Trade Representative and Vice Minister of Commerce Li Chenggang, and Chinese Vice Premier He Lifeng, prepare to discuss on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, on May 10, 2025. Keystone/eda/martial Trezzini | Via…

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