global trade slowdown News

South Korea Faces Steep 30.4% Drop in Exports to the U.S., Signaling Global Trade Challenges

South Korea's exports to the U.S. plummeted by 30.4% in early May, with overall exports dropping 23.8%. The trade deficit hits $1.74 billion, influenced by fewer working days and a...

UK Economy Faces Challenges Amid Global Trade Slowdown, Warns Chancellor Reeves

Chancellor Rachel Reeves warns of the UK economy's vulnerability to a global trade slowdown, emphasizing the need for balanced trade negotiations with the US and maintaining strong...