International trade
Oil, dollars, and debt: How safe is the Middle East from the global trade war?
The Palm Jumeirah in Dubai, Dubai, United Arab Emirates Nikada | E+ | Getty Images The global trade war triggered by U.S. President Donald Trump shows no sign of abating, with tit-for-tat tariffs hammering major economies, tanking stock markets and dimming growth prospects. The economies concerned – North America, the European Union, and China – […]
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Almonds, whiskey, auto parts: EU’s retaliatory tariffs set up these U.S. states and local products as the biggest losers
Mark Makela | Getty Images News | Getty Images The recent data on tariffs and consumer decision-making is clear: raise prices on a product due to higher import taxes, and consumers will turn to a cheaper alternative. That doesn’t bode well for certain U.S. products, and the states where they are produced, as the U.S. […]
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Counter-counter-tariffs? Trump threatens to hit back against EU’s retaliation
U.S. President Donald Trump points as he attends the annual Friends of Ireland luncheon hosted by U.S. House of Representatives Speaker Mike Johnson (R-LA) at the U.S. Capitol in Washington, D.C., U.S., March 12, 2025. Evelyn Hockstein | Reuters U.S. President Donald Trump threatened Wednesday to hit back against Europe’s own retaliatory move to Washington’s […]
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‘Volatility and conflict’: Business leaders sound warnings over Trump’s tariffs
LONDON — President Donald Trump’s trade tariffs are a major concern among U.S. and international business leaders, with industry titans warning of trouble ahead. Speaking at CNBC’s CONVERGE LIVE in Singapore, Bridgewater founder Ray Dalio warned of “fighting” between countries over the duties. “Tariffs are going to cause fighting between countries … I’m not necessarily […]
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We ‘must act’: Europe retaliates against Trump’s 25% tariffs on steel and aluminum imports
Workers of German steel manufacturer Salzgitter AG stand in front of a furnace at a plant in Salzgitter, Germany, March 1, 2018. Fabian Bimmer | Reuters The European Union has reacted swiftly to U.S. President Donald Trump’s 25% tariffs on steel and aluminum imports that came into effect Wednesday, retaliating with their own punitive counter-measures […]
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Trump’s 25% tariffs on steel and aluminum imports take effect, Europe retaliates
Steel coils are pictured in the yards of the steelmaker Ternium plant. Daniel Becerril | Reuters U.S. President Donald Trump’s 25% tariffs on steel and aluminum imports came into effect Wednesday, resulting in swift counter-measures from the European Union. The White House confirmed the duties — which will affect Canada, Australia, the EU and others […]
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‘Tariffs break trust’: How Trump’s trade policy is putting pressure on U.S. farmers
Soy farmer Caleb Ragland on his farm in Magnolia, Kentucky Courtesy: American Soybean Association Caleb Ragland, a soybean farmer in Magnolia, Ky., voted for President Donald Trump in 2016, 2020 and 2024. Now, however, he has to navigate a tariff minefield at a time when the sector is already facing major headwinds. Ragland works with […]
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Trump raises Canadian steel, aluminum tariffs to 50% in retaliation for Ontario energy duties
President Donald Trump said Tuesday he has ordered his administration to raise tariffs on Canadian steel and aluminum imports by an additional 25%, bringing the total duties to 50%. The new policy will go into effect Wednesday morning, Trump said in a Truth Social post that also repeated his calls for Canada to be absorbed […]
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Trump rejects pleas from business for more clarity on tariffs: ‘They always say that’
U.S. President Donald Trump speaks to reporters as White House Press Secretary Karoline Leavitt stands by him aboard Air Force One on his return to Washington, D.C., U.S., March 9, 2025. Kevin Lamarque | Reuters President Donald Trump has dismissed the growing chorus of CEOs, investors and policymakers who are pleading with the White House […]
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Tensions between Trump and Europe could could have an unintended beneficiary: China
US President Donald Trump waits to greet British Prime Minister Keir Starmer at the entrance of the West Wing of the White House in Washington, DC, on February 27, 2025. Carl Court | Afp | Getty Images Tensions between the U.S. and Europe have hit something of a low in recent weeks — and China […]
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