Trump unveils new tariffs, sparking debate over economic impact FOX Business White House correspondent Edward Lawrence reports President Trump imposes new tariffs on 60 economies, including Canada, for alleged forced labor practices, despite Canada disinviting the U.S. from a bridge opening. Economists debate the economic impact, noting new tariffs are projected to generate similar revenue…
China and Singapore have pledged to uphold multilateralism and strengthen bilateral trade amid growing protectionism, as Chinese Premier Li Qiang began his two-day visit to the city state on Saturday. The trip, which marked the first visit by a Chinese leader to Singapore since 2018, comes as the two countries celebrate 35 years of diplomatic…
The Gipper loved him some free trade. Photo: The Independent One of Donald Trump’s most interesting political achievements has been to force a Republican Party that had embraced free-trade orthodoxy for many decades into supporting, or at least tolerating, his own vintage 19th-century protectionist views. Like his harsh criticism of the Iraq War launched by…
Gold and silver continued to rally this week, despite a Friday tumble, amid renewed trade tensions between the world’s top economies. In China, credit growth slowed, dragged by government bond sales and sluggish loan demand among households and companies. In the US, private-sector gauges of inflation showed signs of tariffs boosting the prices of some…
China has announced it is monitoring Mexico’s ongoing antidumping probes into Chinese products and urged the country to uphold World Trade Organization (WTO) rules throughout the process, a spokesperson for China’s Ministry of Commerce said, who was not identified. “We have noted that Mexico’s Ministry of Economy, at the request of domestic companies, has recently…
The Brics emergency summit at which Chinese President Xi Jinping delivered a speech was convened by Brazil to coordinate resistance to growing pressures from US President Donald Trump’s trade war. It did not turn into a forum for an open clash with the United States, as anticipated by some. But it would be a mistake…
BANGKOK – Shares were mixed Wednesday in Europe and Asia after an update on U.S. inflation pulled most Wall Street stocks lower, though gains for Nvidia pushed the Nasdaq to another record. The report showed inflation in the United States accelerated to 2.7% last month from 2.4% in May. Economists said higher prices for clothes,…
President Xi Jinping has spoken out against unilateral sanctions and trade barriers – reiterating China’s support for globalisation as the international economic environment turns more protectionist – in an article published on the opening day of a high-profile supply chain expo. Wednesday’s piece in Qiushi – the leading theoretical journal of the ruling Communist Party…
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Shortly after President Trump threatened to impose an extra 10 per cent tariff on countries aligning themselves with the “anti-American policies” of the Brics, China on Monday said that the bloc is not seeking “confrontation” read more Shortly after President Donald Trump threatened to impose an extra 10 per cent tariff on countries aligning themselves…