X

Economy


US Tariffs on Steel and Aluminum Escalate Global Trade War

The United States has implemented new tariffs on steel and aluminum imports, further intensifying the global trade war initiated by President Donald Trump. As of Wednesday, all metal imports are now subject to a 25% tariff with no exemptions, and the duty on aluminum has increased from 10%. The expiration......

Trump avoids predicting US recession amid market volatility

United States President Donald Trump has refrained from predicting whether the country is headed for a recession as concerns mount over his economic policies. In an interview with Fox News on Sunday, Trump sidestepped questions about a potential downturn, stating, “I hate to predict things like......

US tariffs threaten jobs on both sides of the border

The imposition of tariffs by the US administration on goods imported from Canada is jeopardizing jobs in both countries, warns the Canadian union Unifor. “These tariffs will harm workers by increasing the cost of everyday goods, destroy jobs on both sides of the border, and have devastating consequences......

Canada faces crucial economic challenge due to Trump’s tariffs

The Trump administration has followed through on its threat to impose tariffs on Canadian goods. As of Tuesday, a 25% tariff on most Canadian imports (except energy, which faces a 10% tariff) has been enacted. In addition, Mexico and China have also experienced increased tariffs, with Mexico facing a......

The impact of Trump's tariffs on exports from Mexico and Canada

U.S. President Donald Trump has enforced a 25% tariff on imports from Mexico and Canada, his country’s largest trading partners. This move, effective from midnight Eastern Time, has caused global markets to drop. Alongside these tariffs, Trump has introduced an additional 10% levy on Chinese imports,......

Aviation jobs at risk in the U.S. amid potential trade war with Canada

A potential trade conflict between the United States and Canada could threaten tens of thousands of jobs in the American aviation sector, warned Bombardier’s CEO, Éric Martel, on Thursday. Martel emphasized that half of Bombardier’s aircraft production is destined for the U.S. market,......

India faces economic strain as Trump’s tariffs complicate recovery

As Indian Prime Minister Narendra Modi prepared for his visit to the White House, U.S. President Donald Trump announced new reciprocal tariffs on key trading partners, adding pressure to India’s already struggling economy. During a joint press conference, Trump revealed that India would purchase......

The surge in gold prices amid Trump's tariff decisions

In recent weeks, the global economy has felt the ripple effects of U.S. President Donald Trump’s tariffs, some of which have been implemented, while others remain in the threat stage. These tariffs have caused instability in global markets and weakened various currencies, but one significant exception......

Trump announces tariffs in escalating trade conflict

U.S. President Donald Trump has unveiled plans to impose a 25% tariff on all steel and aluminum imports, alongside retaliatory tariffs aimed at countries that impose tariffs on American goods. Trump confirmed on Sunday that he would formally announce the steel and aluminum tariffs the next day, with......

China’s strategic economic measures: Impact and trade relations with the U.S

China has recently introduced a series of economic measures aimed at counteracting U.S. tariffs, notably a 10% tax on various Chinese imports. This includes tariffs on coal, liquefied natural gas, crude oil, agricultural machinery, and large cars. These duties will be effective starting February 10,......

China's strategic response to U.S. tariffs: A measured approach amidst economic rivalry

Amidst escalating trade tensions, U.S. President Donald Trump imposed new tariffs on China, Canada, and Mexico. Canada and Mexico swiftly retaliated, enacting their own tariffs on U.S. products. However, China's reaction stood out as relatively restrained. China's Ministry of Commerce refrained......

Trade tensions escalate: Trump imposes major tariffs on Mexico, Canada, and China

In a significant shift in international trade policy, US President Donald Trump has announced substantial tariffs on imports from Mexico, Canada, and China. The sweeping measures, revealed on Saturday, impose a 25% tariff on Mexican and most Canadian imports, while Chinese goods will face a 10% tariff......

Trade tensions escalate between North American allies as Trump imposes tariffs

US President Donald Trump's decision to implement hefty tariffs on imports from Mexico, Canada, and China has ignited a trade war among North American allies, with swift retaliatory measures from both countries. Trump cited the need to protect American citizens and curb the illicit fentanyl trade,......