All articles tagged with #global trade
Amazon is pressing suppliers to cut what it pays for tariffed goods, reversing last year’s concessions and asking them to shoulder tariff duties and marketing costs, with negotiations accelerated ahead of a Supreme Court ruling on the legality of Trump-era tariffs.
President Donald Trump announced a 25% tariff on any country doing business with Iran, effective immediately, a move that could affect large trading partners such as China and India. The White House gave few details on implementation while tensions with Tehran and Iran’s ongoing unrest provide context for the measure.
China has transformed Hainan into the world's largest free trade port, with a unique two-line customs system, lower taxes, and relaxed regulations to boost its global economic influence and serve as a strategic gateway to Asia-Pacific markets, contrasting with global protectionism.
A study in Nature Communications warns that the global spread of mosquitoes through trade and travel has increased significantly since the 1950s, raising the risk of vector-borne diseases like West Nile virus and encephalitis, which pose serious health and economic challenges. The expansion is driven by global shipping, trade routes, and climate change, emphasizing the need for preventive measures such as protective clothing and eliminating standing water.
By 2026, the US dollar's dominance is expected to weaken due to declining global trade reliance, shifting reserve holdings, rising US deficits, and the emergence of alternative payment and settlement systems like digital currencies and regional payment networks, which could accelerate the transition away from dollar-centric finance.
Tariffs imposed on imports have caused a significant rise in leather prices, impacting manufacturers and consumers, with costs expected to remain high for the next one to two years due to supply chain disruptions, reliance on foreign production, and raw material shortages.
The US Supreme Court's questioning of President Trump's broad tariff powers could lead to significant changes in global trade, affecting countries like China, India, and the EU, with potential shifts in tariff rates and trade agreements depending on the court's ruling and Trump's subsequent actions.
President Donald Trump announced tariffs claiming unfair trade practices, but these measures are failing to significantly impact global trade or induce the predicted economic downturn, contrary to initial fears.
The WTO predicts that Donald Trump's tariffs will significantly impact global goods trade by 2026, potentially disrupting international markets and supply chains.
The Dow Jones Industrial Average rose following the World Trade Organization's improved forecast for global trade, indicating positive economic momentum.
President Trump's new tariffs, ranging from 25% to 100%, have caused shockwaves across Asia, complicating ongoing trade negotiations and adding turmoil for companies already facing uncertainty amid the broader trade war.
China announced it will no longer seek special treatment for developing countries in WTO agreements, aiming to strengthen the global trading system amid rising protectionism, though it remains classified as a developing country and did not specify changes to market access. The move is voluntary and not a call for other nations to follow, reflecting China's evolving role in international trade and development.
Despite US tariffs, China has achieved a record $1.2 trillion trade surplus by increasing exports to countries like India, Africa, and Southeast Asia, causing concern among other nations and limited retaliatory actions due to ongoing trade negotiations and economic considerations.
The U.S. dollar stabilizes at four-year lows ahead of the Federal Reserve's decision on interest rates, with markets anticipating a 25 basis point cut amid strong retail sales and GDP growth, while global markets react to U.S.-China trade developments, UK-US tech ties, and currency movements.
A US federal appeals court ruled that President Trump's global tariffs were implemented illegally under an emergency law, creating uncertainty in international trade and potentially impacting US trade deals and relations with countries like China, India, and Mexico. The ruling challenges the legality of the tariffs, which were justified by emergency claims related to trade deficits and the fentanyl crisis, and could lead to refunds and policy shifts.