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Economy



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,......

Moroccan orange exports surge: Record-breaking success in US market

Morocco's citrus industry has achieved remarkable success in 2024, establishing itself as a key orange supplier to the United States and European markets. After facing significant challenges in 2023, the country's orange exports have reached unprecedented levels. According to East Fruit analytics,......

US Tariffs Threaten Canadian Jobs: A Major Economic Challenge

The announcement of new trade policies by the United States is raising alarm across Canada, with hundreds of thousands of jobs potentially at risk. The newly elected U.S. President, Donald Trump, has declared plans to implement a 25% tariff on all Canadian and Mexican goods immediately upon taking office.......

Spain and Morocco Strengthen Trade Ties with Record-Breaking Growth

Rabat – Trade relations between Spain and Morocco continue to flourish, with recent data indicating a likely fourth consecutive year of record-breaking foreign trade between the two countries. Reports highlight Morocco's strong trade performance with Spain, emphasizing the robust bilateral......

Decline in Global Crude Exports as Trade Routes Experience Shifts

In 2024, global crude oil exports experienced a 2% decline, marking the first decrease since the COVID-19 pandemic, according to shipping data. This reduction is attributed to slower demand growth and significant changes in refinery operations and pipeline routes. The global oil market has faced disruptions......

Spanish Energy Firm Factorenergia Expands into Morocco with New Joint Venture

Spanish energy retailer Factorenergia has announced the establishment of a 50-50 joint venture with a local partner in Morocco, positioning itself to capitalize on the country’s energy market as it moves towards liberalization. This expansion is part of the company's ongoing international growth......

UK Joins Trans-Pacific Trade Bloc A Strategic Leap Post-Brexit  

The United Kingdom officially became the 12th member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Sunday. This milestone marks a significant step in the UK's post-Brexit strategy to deepen economic ties in the Asia-Pacific region and expand its global trade......

Dollar Rises While European Stocks Stumble Amid Tariff Concerns

LONDON, Nov. 26 – The U.S. dollar surged on Tuesday, gaining strength in global markets, while European stocks suffered notable declines following statements from U.S. President-elect Donald Trump. Trump announced plans to impose tariffs on all imports from Canada and Mexico, along with additional......

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