trade relations News

UK's Rachel Reeves Emphasizes Stronger Trade Ties with EU Over US in Recent Remarks

British Chancellor Rachel Reeves underscores the importance of UK's trade with the EU over the US, highlighting recent meetings with European finance ministers and upcoming EU summ...

Rachel Reeves Highlights Stronger UK-EU Trade Ties Over US Relations in Recent Statement

British Chancellor Rachel Reeves underscores the UK's focus on strengthening trade ties with the EU, highlighting meetings with European finance ministers and an upcoming summit to...

Breaking News: South Korea and U.S. Forge Historic 'July Package' to Eliminate Tariffs and Boost Trade

South Korea and the U.S. have agreed on a 'July Package' to abolish tariffs and enhance trade relations, with discussions focusing on tariff measures, economic security, and invest...

US Delays Basmati Rice Tariff Hike: A Lifeline for Indian Exporters and Trade Relations

The US has postponed a proposed tariff hike on basmati rice imports from India for 90 days, providing relief to exporters and allowing pending deals to be finalized. This move is s...

UK Chancellor Rachel Reeves Prioritizes US Deal Amid Global Economic Turbulence

British Chancellor Rachel Reeves discusses the global economic impact of US tariffs, the UK's priority to secure a deal with the US, and efforts to support affected businesses and ...

Elon Musk Reportedly Opposes Trump's New China Tariffs Hike in Personal Appeals

Elon Musk, serving as a senior advisor to President Trump, reportedly tried to persuade Trump against imposing new tariffs on Chinese imports. Despite his efforts, Trump announced ...

US Treasury Secretary Accuses China of Self-Isolation Through Retaliatory Measures

US Treasury Secretary Scott Bessent criticizes China for self-isolation through retaliatory measures, while praising Japan for its approach to trade discussions. President Trump th...

EU Proposes Groundbreaking Zero-for-Zero Tariff Deal with US on Industrial Goods

European Commission President Ursula von der Leyen reveals the EU's offer of a zero-for-zero tariff deal with the US on industrial goods, signaling a potential shift in trade relat...

EU Proposes Groundbreaking Zero-for-Zero Tariff Deal with US on Industrial Goods

The EU has proposed a "zero-for-zero" tariff deal with the US on industrial goods, signaling a potential shift in trade relations. European Commission President Ursula von der Leye...

EU Proposes Groundbreaking Zero Tariff Deal with US on Industrial Goods, Ready to Defend Interests

European Commission President Ursula von der Leyen announces the EU's proposal for a zero tariff agreement with the US on industrial goods, ready to negotiate or take countermeasur...

Swiss Market Index Plummets 5% Amid U.S. Tariff Turmoil: What's Next?

The Swiss Market Index dropped 5% following new U.S. tariffs, with a 31% duty on Swiss exports. The Swiss franc gained strength against the dollar and euro amidst the market turmoi...

Vietnam Mobilizes Quick Response Team Amidst US Tariff Hike: A Strategic Move to Safeguard Economy

Vietnam establishes a quick response team led by Deputy Prime Minister Bui Thanh Son to address the US's new steep tariffs, aiming to protect its economy and maintain growth target...

Trump Administration Spares Indian Pharma from Tariffs, But for How Long?

The Trump administration's tariff exemption on Indian pharma imports brings temporary relief to a vital sector, while the medical device industry faces new challenges with reciproc...

Can India's Economic Growth Surpass the US's Trade Liberation Strategy?

The article discusses the potential impact of the US's new reciprocal tariffs on India's economy, focusing on sectors that may benefit or suffer. It also explores the future of Ind...

US Tariff Hikes on Indian Goods: A Looming Threat to Trade Demand and Bilateral Relations

The US is set to announce reciprocal tariffs affecting Indian exports, with potential impacts on demand and bilateral trade relations. India is strategizing its response while enga...

UK Braces for Impact: How Trump's April 2 Tariffs Will Reshape Trade Relations

The UK is preparing for the impact of US President Donald Trump's tariffs on foreign goods starting April 2. Discussions for a UK-US economic prosperity deal are ongoing, with the ...

UK Braces for Impact as Trump's April 2 Tariffs Threaten Trade Relations

The UK anticipates the repercussions of President Trump's tariffs on foreign goods starting April 2, with ongoing discussions for a UK-US economic deal. Prime Minister Starmer cons...

EU Seeks Fairer Trade Terms with China: High-Level Talks Aim for Balance and Cooperation

The European Commission announces a visit by Trade Commissioner Maros Sefcovic to China, aiming to enhance trade relations through discussions on balance, cooperation, and mutual b...

EU Seeks Stronger Trade Balance with China: Key Meetings Set for This Week

The European Commission announces Maros Sefcovic's visit to China to discuss enhancing EU-China trade relations, focusing on reciprocity and mutual benefit, with annual trade worth...

Dow Plummets Over 500 Points Amid US-Canada-Mexico Tariff Tensions

The US stock market opened with significant losses as the Dow Jones Industrial Average plunged over 530 points amid tariff tensions with Canada and Mexico. New Canadian Prime Minis...

Trump Slashes Canadian Potash Tariffs: A Boost for US Farmers and Trade Relations

President Trump reduces tariffs on Canadian potash from 25% to 10%, benefiting US farmers and easing trade tensions. Canada, the largest potash producer, holds significant global r...

European Markets Dip as Trump's Tariff Announcement Looms Over Trade Relations

European stock indexes fell in premarket trading following President Trump's announcement of tariffs on EU cars and products. Economic reports on inflation and GDP are awaited as m...

South Korea Affirms Zero Tariff on U.S. Imports, Strengthening Trade Ties Under KORUS FTA

South Korea clarifies that the tariff rate on U.S. imports is 0%, thanks to the KORUS FTA, debunking claims of a 13.6% rate. The agreement, effective since 2012, has significantly ...

Mexico Challenges US Steel and Aluminum Tariffs: A Strategic Move by President Sheinbaum

Mexican President Claudia Sheinbaum is set to challenge US President Trump's tariffs on steel and aluminum imports, arguing that the US benefits more from exports to Mexico. The mo...

Global Markets React: Oil Prices Surge Over 1% Following New US Tariff Announcements

Crude oil prices surged over 1% following President Trump's announcement of new tariffs on aluminum and steel imports, sparking criticism from the European Commission. Investors ar...

US Spirits Industry Calls for Constructive Dialogue Amid Rising Tariffs

The US spirits industry, along with Canadian and Mexican counterparts, expresses concern over new tariffs, calling for dialogue to prevent harm to the North American spirits market...

North American Spirits Industry Calls for Dialogue Amid Rising Tariffs

The North American spirits industry is facing challenges due to new US tariffs on imports from Canada and Mexico. Industry leaders are calling for dialogue to avoid retaliatory tar...

Trump's Bold Move: 25% Tariffs on Mexico and Canada Imports to Take Effect

President Trump announces a 25% tariff on imports from Mexico and Canada, effective February 1, sparking concerns over North American trade relations and prompting retaliatory meas...

WTO Chief Warns Against Retaliatory Tariffs Amid Trump's Trade Policies

WTO Director-General Dr. Ngozi Okonjo-Iweala warns against retaliatory tariffs in response to Trump's policies, highlighting potential catastrophic impacts on global GDP and advoca...

Thailand's Durian Exports to China Resume After Carcinogen Scare: A New Chapter in Trade Relations

Thailand resumes durian exports to China after addressing carcinogen concerns, implementing stricter safety measures, and adapting to new import standards. This marks a pivotal mom...

Thailand's Durian Exports to China Face Challenges Amid Carcinogen Concerns

Thai durian exports to China are under scrutiny due to carcinogen concerns, with shipments being rejected at Chinese checkpoints. This follows previous issues with cadmium contamin...

Canada's Economy on the Line: LeBlanc Warns of US Tariffs Impact

Canada's Minister of Finance Dominic LeBlanc warns of the serious threat US tariffs pose to Canada's economy and workers, calling for unified efforts to protect trade ties.