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Trump Softens Stance on Tariffs amid Market Volatility

U.S. President Donald Trump has announced that his upcoming reciprocal tariffs will be lower than those imposed by other countries, aiming to ease concerns in global markets. Speaking at the White House, Trump emphasized that his trade measures, set for announcement on Wednesday, will be “kinder”......

South Korea, China, and Japan strengthen regional trade cooperation amid U.S. tariffs

South Korea, China, and Japan held their first economic dialogue in five years on Sunday, aiming to boost regional trade amid the looming threat of U.S. President Donald Trump's tariffs. During the meeting, the three nations' trade ministers agreed to collaborate closely on high-level discussions......

Trump Unconcerned About Car Price Increases Due to Tariffs

U.S. President Donald Trump stated on Saturday that he was not concerned if car manufacturers raised prices in response to new tariffs on foreign-made vehicles. Speaking with NBC News, Trump expressed that he "couldn't care less" about the potential price hikes. The White House has been......

Canada Ends Era of Close Ties With the US Amid Auto Tariffs

Canadian Prime Minister Mark Carney declared the end of the historically close economic, security, and military relationship between Canada and the United States following the announcement of new auto tariffs by President Donald Trump. Trump’s decision to impose a 25% tariff on vehicle imports......

British Steel Faces Furnace Closures Amid Tariff Impact

British Steel, a key player in the UK’s steel industry, recently confirmed that it would close its blast furnaces and steelmaking operations due to ongoing market challenges, tariffs, and rising environmental costs associated with high-carbon steel production. In an official statement, the company......

China Rejects Trump’s Tariff Concessions Linked to TikTok Deal

China has dismissed former U.S. President Donald Trump's proposal to ease tariffs if Beijing approves a deal involving TikTok. Trump recently stated that four groups were in negotiations to acquire the platform, which faces an uncertain future in the United States. Under a U.S. law enacted due to......

Morocco's strategic positioning in turbulent global trade

Morocco is currently maneuvering through a landscape marked by diplomatic and trade challenges, amidst a backdrop of global economic uncertainty. The year 2025 unfolds with apprehensions regarding international trade, particularly as the U.S. administration under President Trump signals potential tariffs......

EU aluminum wheel tariffs on Morocco signal broader trade tensions with China

Morocco is now caught in the midst of escalating global trade tensions, reflecting a complex geopolitical landscape. The European Commission has recently imposed significant compensatory duties on aluminum wheel exports from Morocco, a move interpreted by experts as a strategic signal aimed primarily......

Canada’s economy faces recession amid rising tariffs

Canada's economy is poised to enter a recession this summer due to tariffs imposed by the United States, according to a recent report from the Desjardins financial services group. Economists at Desjardins warned that the cumulative impact of these tariffs could trigger a recession as early as the......