Trade
Bessent says global 15% tariff starts this week, predicts Trump duties will return to old levels later this year
President Donald Trump’s recently announced 15% global tariff will likely be implemented sometime this week, rising from its current rate of 10%, Treasury Secretary Scott Bessent said on Wednesday. Bessent also predicted that U.S. tariff rates would, by August, effectively return to where they stood before the Supreme Court recently struck down the often-steeper duties […]
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‘No to war’: Spain PM hits back over Trump’s threats to cut trade over military base access
The President of the Government, Pedro Sanchez, speaks during the official opening dinner of the Mobile World Congress (MWC) Barcelona 2026, at the Museu Nacional d’Art de Catalunya, on 1 March 2026, in Barcelona, Catalonia, Spain. Europa Press News | Europa Press | Getty Images Spanish Prime Minister Pedro Sanchez on Wednesday doubled down on […]
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Canada and India move to reset ties as trust in U.S. falters
India’s Prime Minister Narendra Modi (R) walks with Canada’s Prime Minister Mark Carney before their meeting at the Hyderabad House in New Delhi on March 2, 2026. Sajjad Hussain | Afp | Getty Images India and Canada need new friends — and customers. So this week, they put past, painful differences aside to pledge closer […]
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The Strait of Hormuz crisis explained: What it means for global shipping
Iranian Navy soldiers at an armed speed boat in Persian Gulf near the strait of Hormuz about 1320km (820 miles) south of Tehran, April 30, 2019. Morteza Nikoubazl | Nurphoto | Getty Images The escalating war in the Middle East has ratcheted up fears of prolonged disruption to global trade via key maritime corridors like […]
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Why India looks especially vulnerable as conflict rages in Middle East
India’s GDP growth is expected to reach 6.4% in 2024, and will hit 7% in 2026, according to S&P Global. Kriangkrai Thitimakorn | Moment | Getty Images New Delhi is feeling the heat as tensions in the Middle East show no signs of cooling, with high oil prices likely to increase the country’s already substantial […]
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India’s economy grows at faster-than-expected pace of 7.8% in December quarter
Construction laborers work on a high rise building in Kolkata on July 23, 2024. Dibyangshu Sarkar | Afp | Getty Images India’s economy grew at a faster pace than expected of 7.8% in the quarter ending December. A Reuters poll of economists had pegged the October-December gross domestic product to grow at 7.2%. In the […]
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Trump administration faces first big tariff refund court deadline on Friday
The US Court of International Trade in New York, US, on Thursday, April 24, 2025. Bloomberg | Bloomberg | Getty Images The Trump administration’s Department of Justice is nearing its first big legal deadline in the wake of the U.S. Supreme Court ruling that President Donald Trump’s tariffs issued under the International Emergency Economic Powers […]
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Trump insists trade deals safe after Supreme Court ruling upends tariff authority, but partners aren’t so sure
President Donald Trump walks past Supreme Court Chief Justice John Roberts, Associate Justice Elena Kagan, Associate Justice Brent Kavanaugh and Associate Justice Mary Coney Barrett as he arrives for the State of the Union address during a Joint Session of Congress at the U.S. Capitol on Feb. 24, 2026, in Washington, D.C. Win Mcnamee | […]
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Why Chile is the latest LATAM country to be caught in a U.S.-China power struggle
View of the city of Santiago and the Andes Mountains, taken from the Metropolitan Park on July 2, 2024. Rodrigo Arangua | Afp | Getty Images Chile is the latest Latin American country to have become embroiled in a U.S.-China power struggle. The country, which counts Washington as its top foreign investor and Beijing as […]
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5 takeaways from Trump’s State of Union address
President Donald Trump delivered a nearly two-hour State of the Union address on Tuesday, focusing largely on the economy that he declared was set to boom. The president delivered the signature annual address as he sees his poll numbers on the economy plummet ahead of the 2026 midterms, which loom less than nine months away. […]
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