Economy News

Economy

Vietnam Seizes 90-Day US Tariff Pause as Strategic Negotiation Window, Experts Suggest

Experts suggest Vietnam use the 90-day US tariff pause to negotiate and prepare for sustainable trade agreements, emphasizing transparency, institutional reforms, and strategic eco...

Economy

UK Parliament Acts Swiftly to Safeguard British Steel with Emergency Legislation

The UK parliament has approved emergency legislation to protect British Steel, including measures to save the Scunthorpe plant and support the wider steel industry, with parliament...

Economy

Vietnam and US Set to Forge New Bilateral Trade Deal: A Step Towards Mutual Prosperity

Vietnam and the US have agreed to negotiate a bilateral trade deal, aiming for balanced and sustainable economic relations. Discussions focus on tariffs and mutual benefits, with b...

Economy

China Strikes Back: Imposes 125% Tariffs on US Goods in Response to Trump's Trade Policies

China has retaliated against the US by imposing a 125% tariff on US goods, following the White House's additional tariff increase on Chinese imports. The move, criticized by China'...

Economy

US Tariff Exemption System Glitch Affects Freight Shippers Amid Trade Tensions

A technical glitch in the US system for tariff exemptions has impacted freight shippers, with cargo en route to US ports being exempt under the "on water" clause. US Customs advise...

Economy

Fed's Readiness to Stabilize Markets Amid Trade War Volatility: Insights from Boston's President

Federal Reserve Bank of Boston President Susan Collins discusses the Fed's readiness to stabilize financial markets amid trade war volatility, emphasizing tools at their disposal a...

Economy

Chancellor Rachel Reeves Pledges No Hike in Income Tax, VAT, or National Insurance Amid Economic Challenges

British Chancellor Rachel Reeves reaffirms her commitment to not raise income tax, VAT, or National Insurance, despite economic pressures and a reduced growth forecast for 2025.

Economy

U.S. Trade Representative Greer Engages in Crucial Trade Talks with Taiwan and Israel Amid Global Strategy Shift

U.S. Trade Representative Jamieson Greer discusses upcoming trade talks with Taiwan and Israel, emphasizing the need to diversify U.S. exports and reduce reliance on Chinese import...