In the early 18th century, Finland was familiar with the fear of hunger. A famine fuelled by an unpredictable climate had killed off a third of the population in the 1690s. The Great Northern War with Russia further disrupted farming, as well as everything else, in the first 20 years of the century. So in … Read more
The European Union is preparing for another round of trade talks with the US and warned that it may speed up retaliatory measures if President Donald Trump follows through on his tariff threats, the latest of which includes a 50 per cent levy on steel and aluminum imports. The European Commission, which handles trade matters … Read more
Elon Musk called him “a moron” and “dumber than a sack of bricks” but he’s probably the most consequential economist in the world right now. 75-year-old Peter Navarro is the intellectual driving force behind global tariffs and Donald Trump’s attempt to rewire the global trading system. He wangled his way into Maga hearts with his … Read more
Donald Trump announced on Friday he was doubling foreign tariffs on steel imports to 50 per cent, as the US president celebrated a “blockbuster” agreement for Japan-based Nippon Steel to invest in US Steel during a rally in Pennsylvania. Surrounded by men in orange hardhats at a US Steel plant in West Mifflin, Mr Trump … Read more
A US federal appeals court temporarily paused a ruling against US President Donald Trump’s global tariffs while considering a longer lasting hold on the sweeping decision, with the administration vowing to take the matter to the US Supreme Court if necessary. A brief order granting the stay was issued on Thursday by the US Court … Read more
SEAN member states aim to negotiate with the United States as a single trade bloc while deepening ties with China, as Washington’s unilateral levies imperil the growth of their trade-dependent economies. Kicking off the 46th ASEAN Summit at Kuala Lumpur’s Convention Center on Monday, Malaysian Prime Minister Anwar… Source link
Southeast Asian economies have signalled their readiness to allow more investments from the Gulf region in sectors such as technology, artificial intelligence and renewable energy, as they look to diversify growth and shield themselves from the impact of US tariffs. In return, the six-member Gulf Cooperation Council (GCC) is seeking partners beyond the Middle East … Read more
This month the UK has signed trade deals with India, the US and the European Union. At a time of worry about the prospects for world trade, this should be a reason for feeling less depressed about the outlook for Britain. But the deals, while better than none, might not merit even one cheer. The … Read more
Singapore Prime Minister Lawrence Wong said multilateralism and globalisation are “on the retreat” with questions over what the “new global order would look like”. “We should explore new partnerships, because, despite all the issues that we face in the world, Asia remains at the centre of global growth,” he said. “In the region, countries like … Read more
Archyde: Latest World News, Economy, Entertainment, Health, Technology & Sports Updates What are the potential long-term implications of protracted US-EU trade disputes on global supply chains, considering the increasing trend of protectionist measures? “`html Navigating US-EU Trade Tariffs: A Future Outlook The landscape of international trade is constantly shifting, and understanding the intricacies of US-EU … Read more