global trade News

U.S. Tariff Rates Hit 91-Year Peak, Sparking Fears of Consumer Price Surge and Economic Ripple Effects

The U.S. tariff rates have surged to an 18.3% average, the highest in 91 years, causing significant price increases in clothing and textiles, and prompting companies to pass costs ...

Asian Markets React to New US Tariffs: A Deep Dive into Global Trade Tensions

Asian markets responded to new US tariffs with mixed results, as global trade tensions escalate. Analysts remain cautiously optimistic, citing potential for renegotiation and recen...

Trump's Global Tariff Overhaul: India Faces 25% Duty Among Key Takeaways from New White House Order

The US has unveiled a major revision of global tariff rates, affecting countries like India with new duties. This policy shift, effective August 7, aims to address trade imbalances...

US Imposes Hefty 50% Tariff on Copper Imports: A Strategic Move to Safeguard National Security

The US has imposed a 50% tariff on copper imports to protect national security, affecting global suppliers including India. Despite potential cost increases, India's impact is limi...

Understanding the Impact: Donald Trump's 25% Tariff on Indian Goods and Its Global Trade Implications

US President Donald Trump has imposed a 25% tariff on Indian goods, citing trade deficits and India's purchases from Russia. This move affects key Indian exports and could reshape ...

U.S. to Unveil Semiconductor Tariffs in Two Weeks, Commerce Secretary Announces

U.S. Commerce Secretary Howard Lutnick announces semiconductor tariffs to be revealed in two weeks, aiming to bring production back to the U.S. and impacting global trade.

India Nears Historic FTA with Oman as EU and US Talks Accelerate, Signaling Global Trade Ambitions

India is finalizing a Free Trade Agreement with Oman, while accelerating talks with the EU, US, and others. The India-UK CETA aims to boost trade to $120 billion by 2030, showcasin...

EU Sanctions Impact: Indian Subsidiary and Captain Face Consequences Over Russia Oil Trade

The EU's sanctions on Russian oil have targeted an Indian subsidiary of a UAE-based company and an Indian-origin captain, impacting global trade and maritime operations. These meas...

ECB Maintains Steady Rates Amid Global Trade Uncertainties and Economic Resilience

The ECB has kept its rates unchanged, citing declining domestic price pressures and slower wage growth. Despite economic resilience, global trade disputes add uncertainty. The APP ...

US Dollar Shows Slight Gain Against Vietnamese Dong in Unofficial Markets Amid Global Currency Fluctuations

The US dollar saw a slight increase against the Vietnamese dong in unofficial markets, while global currencies experienced fluctuations due to trade policies and economic indicator...

Hyundai Motors Reports a 7.3% Revenue Surge to $35.1 Billion in Q2 2025 Amidst Global Challenges

Hyundai Motor Company reported a 7.3% revenue increase to $35.1 billion in Q2 2025, despite declines in operating and net profits. Sales reached a five-year high, showcasing resili...

Indian Stock Market Dip: Nifty50 Hovers Near 25,200 as BSE Sensex Falls Over 100 Points Amid Global Trade Optimism

Indian stock markets opened lower with Nifty50 near 25,200 and BSE Sensex down over 100 points. Experts highlight the importance of corporate results for short-term movements and d...

Korean Companies Optimistic for H2: Survey Reveals Positive Outlook Amid Global Uncertainties

A survey by the Federation of Korean Industries shows most companies expect stable or improved business conditions in the second half of 2025, despite global uncertainties. Key cha...

US Stock Markets Rally as Alphabet and Tesla Prepare to Unveil Earnings Amid Global Trade Tensions

U.S. stock markets opened higher as investors await earnings from Alphabet and Tesla. German Chancellor opposes EU retaliation to U.S. tariffs. Verizon, ARM Holdings, and Domino's ...

Wall Street Rises as Investors Eye Global Trade Tariffs and Market Reactions

Wall Street closed higher as investors assessed global trade developments, including potential US tariffs on Russia and ongoing trade talks with Europe. Key market indices showed g...

China's Trade Surplus Soars to $114.8 Billion in June, Exceeding Expectations

China's trade surplus unexpectedly rose to $114.8 billion in June, exceeding forecasts with exports up by 5.8% and imports by 1.1% year-on-year, highlighting a strong economic rebo...

Breaking: US-India Trade Deal Could Slash Tariffs Below 20%, Elevating India's Global Trade Position

The US and India are nearing an interim trade agreement that could reduce tariffs below 20%, favoring India over other countries. This deal allows ongoing negotiations, with India ...

Wall Street Slides as Trump Escalates Trade War with New Tariffs on Canada and EU

Wall Street opened lower as President Trump announced new tariffs on Canadian goods and potential rates for the EU, sparking fears of a deepening trade war. Brazil considers recipr...

UK's Trade Deficit Surges to £13.2B Amid Global Trade Policy Shifts

The UK's trade deficit in goods and services widened to £13.2 billion in the three months to May, influenced by changes in US trade policy and fluctuations in exports and imports.

Wall Street Reacts with Mixed Signals as Trump Imposes New Tariffs on Copper and Brazil

Wall Street showed mixed reactions at opening as President Trump announced new tariffs on copper and Brazil, adding to global trade uncertainties. Jobless claims data remained with...

Trump Announces New US Tariffs Effective August 1, Impacting Global Trade Dynamics

President Trump confirms new US tariffs effective August 1, impacting global trade. Higher tariffs and potential trade agreements are on the horizon, with notifications to be sent ...

Japan's Trade Deficit Widens to ¥522.3 Billion in May, Signaling Economic Challenges Ahead

Japan's trade deficit for May hit ¥522.3 billion, meeting expectations but highlighting economic challenges. Despite a decrease from April's figures, the year-on-year increase refl...

Global Trade Tensions Rise: APEC Leaders Voice Concern Over U.S. Tariffs and WTO Challenges

APEC leaders have issued a joint statement expressing concern over global trade disputes, especially U.S. tariffs, and stressed the importance of cooperation and the WTO. South Kor...

Significant Reduction in UK Trade Deficit: A Closer Look at the £6.6B Q1 Improvement

The UK's trade deficit has notably decreased to £6.6 billion in Q1, indicating a potential positive shift in the nation's economic dynamics and global trade standing.

BoE's Alan Taylor Warns: UK Far from Neutral Interest Rate Amid Economic Uncertainties

Bank of England's Alan Taylor discusses the UK's distance from a neutral interest rate and expresses concerns over weak business confidence and the unpredictable nature of global t...

India and EU Gear Up for Crucial 11th Round of FTA Talks, Eyeing Early Breakthrough

India and the EU are preparing for the 11th round of FTA negotiations, aiming for an early conclusion of the first phase. The talks, focusing on core trade issues, could enhance In...

BoE Cuts Interest Rates to 4.25% Amid Global Trade Uncertainties and Inflation Progress

The Bank of England has cut interest rates to 4.25% following a tight 5-4 vote, citing progress on disinflation but expressing caution over global trade uncertainties. The move ref...

Exclusive: Trump's Bold Move to Slash Drug Prices with New Tariffs and Boost U.S. Pharma Production

President Trump announces plans to impose tariffs on pharmaceuticals to boost U.S. production, potentially disrupting global trade and raising drug prices. An executive order to st...

ECB's Fabio Panetta Alerts: Rising Protectionism Risks Global Prosperity and Trade Openness

Fabio Panetta of the ECB warns that protectionist policies, especially those of the US, threaten global prosperity by undermining the benefits of open trade which has reduced inequ...

Warren Buffett Advocates for Global Trade Balance at Berkshire Hathaway Meeting

Warren Buffett emphasizes the importance of balanced global trade at Berkshire Hathaway's meeting, advocating for mutual benefits and cautioning against using trade as a weapon.

Warren Buffett Advocates for Global Trade Harmony at Berkshire Hathaway Meeting

Warren Buffett emphasizes the importance of global trade for prosperity at the Berkshire Hathaway meeting, while warning of its potential as a tool for conflict. Advocating for bal...

Warren Buffett Advocates for Global Trade Harmony at Berkshire Hathaway Meeting

Warren Buffett, at Berkshire Hathaway's annual meeting, emphasized the importance of global trade, advocating for balanced and mutually beneficial international commerce while warn...