A recent discussion paper floated by the Danish presidency of the Council of the EU, seen by POLITICO, explored whether capitals would be open to imposing tariffs on Moscow as part of the bloc’s 19th sanctions package. That idea, according to several diplomats briefed on the talks, won little traction among ministers when it was…
The Mexican government is planning a major increase in import tariffs on Chinese cars, steel, and textiles. The jump could rise to 50% among 1,371 categories. Tariffs will increase from the current 15-20% to 50% for Chinese cars and autoparts. While steel, textiles, footwear and more will see new or increased tariffs ranging from 10%…
The United Kingdom has lifted travel restrictions on Kaduna State, moving it from the “Red” to the “Amber” category in its travel advisory. The change now allows British citizens to travel freely to the state. The announcement was made on Wednesday by Cynthia Rowe, Development Director of the Foreign, Commonwealth and Development Office (FCDO), during…
China now has two ways to sell electric cars in the Chile EV market without an import tax. Besides the China–Chile trade deal, Chile said EVs (electric vehicles) made in Indonesia can also enter at 0% under IC-CEPA (Indonesia–Chile Comprehensive Economic Partnership Agreement). After Santiago’s nod, Indonesia’s carmakers’ group says … Source link
Traders work at the New York Stock Exchange on June 4, 2025. NYSE Here are two statements that, on the surface, may appear contradictory: The U.S. labor market is weakening, with the number of jobs in June actually decreasing. The U.S. stock market is hitting all-time highs, with the Nasdaq Composite being the latest index…
RIO DE JANEIRO, BRAZIL – JULY 6: Russia’s Foreign Minister Sergey Lavrov, UAE’s President Sheikh Mohamed bin Zayed al-Nahyan, Indonesia’s President Prabowo Subianto, South Africa’s President Cyril Ramaphosa, Brazil’s President Luiz Inacio Lula da Silva, India’s Prime Minister Narendra Modi, China’s Premier Li Qiang, Ethiopia’s Prime Minister Abiy Ahmed, Egypt’s Prime Minister Mostafa Madbouly, and…
U.S. President Donald Trump has upended the traditional global trading environment, in some cases even undermining free trade agreements with partners in favor of bilateral deals that appear to be light on details but heavy on symbolism. One recurring symbol: Boeing aircraft. Since Trump announced tariffs in April, a pattern has emerged. Countries that strike…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Fast Money John Rutledge, SAFANAD, joins ‘Fast Money’ to talk Chinese exports to the U.S. plunging and what is ahed for Chinese trade. 05:11 2 hours ago Source link
This became apparent after the nonreciprocal concessions made to U.S. President Donald Trump on defense spending and trade, as well as Europe’s acceptance of a junior role in handling the war in Ukraine. Moreover, from Gaza to Nagorno-Karabakh, the EU’s involvement in conflicts abroad has become largely irrelevant, either due to its lack of credible…
President Trump has threatened to initiate Section 301 proceedings against the European Union (EU), potentially leading to new tariffs, as the bloc fined Google $3.5 billion after concluding the tech giant had breached its competition rules with its advertising technology. Newsweek contacted Google and the European Commission, the EU’s executive arm, for comment on Saturday…