The US has imposed new 10-12.5% tariffs on 60 trading partners, including the UK, China, and EU, citing forced labour concerns. Experts suggest the move, which replaces expiring levies, is aimed at reducing the trade deficit and boosting US manufacturing, following a Supreme Court ruling against previous tariffs.
China, expecting to exploit Western divisions, faces narrowing diplomatic options after the EU labeled it and Russia as "revisionist powers." Despite recent economic growth and diplomatic efforts with US allies, China also confronts US accusations of election data compromise, highlighting a disconnect between its expectations and Western realities.
President Donald Trump imposed 50% tariffs on various Canadian imports, including alcohol and hockey sticks, citing "continued discrimination" against American products. This action, following a confrontation with Canada's prime minister Mark Carney, escalates trade tensions and raises fears of a deepening trade war between the two nations.
As trade tensions with China escalate, EU officials are engaging Beijing to de-escalate while simultaneously preparing for a potential trade war to protect its industries from deindustrialisation. Brussels aims to acquire retaliatory tools to counter coercive trade practices.
The Gordie Howe International Bridge connecting Detroit and Windsor, Ontario, will open on July 27, following a delay caused by former President Donald Trump's trade dispute with Canada. The agreement, supported by the U.S. government, resolves outstanding issues over bridge ownership and revenue sharing.
The EU's current trade disputes with China share similarities with the 1970s-80s trade conflict between Europe and Japan, particularly concerning fears of import competition undermining domestic production in sectors like autos and electronics. However, China's geopolitical status as a "systemic rival" distinguishes it from Japan, which was a political ally.
The EU and China have initiated three months of trade talks in Brussels to address the EU's €360bn annual trade deficit, aiming to prevent a trade war through dialogue on rebalancing trade, export controls, intellectual property, and WTO reforms.
EU leaders convene in Brussels to tackle a packed agenda including Ukraine, the Middle East, the bloc's budget, China's economic influence, migration, defense, and narcotics. Key discussions will focus on trade practices with China, revamping the single market, and the €2 trillion long-term budget amid internal disagreements.
President Trump celebrated his 80th birthday with a peace deal with Iran, leading to a global stock rally and oil price drop. However, he also warned France of a new trade war over digital taxes. Meta's AI efforts show progress with the Muse Spark model.
The 2026 World Cup, hosted by the US, Canada, and Mexico, amidst a trade war, introduces a radical economic model with dynamic pricing, potentially yielding over $7bn in ticket and hospitality revenue, contrasting with traditional FIFA tournaments.
The 2026 World Cup, hosted by the US, Canada, and Mexico, amidst a trade war, features a radical economic model with dynamic pricing, potentially yielding over $7bn in ticket and hospitality revenue, contrasting with traditional FIFA tournaments.
The EU and China are discussing the establishment of a new platform for trade and investment issues, aiming to streamline dialogue. China's Ministry of Commerce confirmed the talks, with a Chinese vice-commerce minister expected in Brussels next week.
The EU and China are discussing the establishment of a new platform for trade and investment issues, aiming to streamline dialogue. China's Vice-Commerce Minister Ling Ji is expected to meet with the EU's Director General for Trade, Ditte Juul Jørgensen, in Brussels next week.
Trump's second term sees a shift in US-China trade relations from seeking agreements to managing structural differences. New US-China Trade and Investment Committees aim to establish normalized mechanisms for trade and investment reviews, potentially bypassing WTO and CFIUS respectively, signaling a move towards 'managed trade'.
The US trade war, initiated by Donald Trump, has unexpectedly fostered closer ties between India and China. Despite Trump's goals to boost US manufacturing and curb China's economic power, these objectives have largely failed. Instead, the trade war has damaged the US's global economic standing and prompted India to reconsider its long-standing suspicion of China, leading to deeper bilateral engagement.
Cambria CEO Marty Davis, a Trump donor, is pushing for tariffs on imported quartz, sparking a trade war with competitors who claim he's using political ties to gain an unfair advantage and raise prices for consumers.
Chinese President Xi Jinping and US President Donald Trump discussed the 'Thucydides Trap' in Beijing, highlighting concerns over their growing rivalry and the risk of conflict, amidst trade wars, technological competition, and military tensions.
President Trump's state visit to China is being closely watched by American farmers affected by his trade war.
Canadian tourism to the US has declined sharply due to the US-Canada trade war, with a 42% year-over-year decline in visits to US cities, according to a report by Business Insider.
17 US CEOs, including lesser-known industry leaders, join Trump's China trip to push for deeper engagement amid trade war tensions, seeking insight to avoid being 'geopolitical footballs'
President Donald Trump claims America is profiting from trade with China despite tensions over rare earth minerals, tariffs and emerging technologies like AI
The European Commission is working on a new trade weapon as the continent struggles to contend with a flood of low-cost imports from China. The tool may be presented at a May 29 gathering of the European Union’s executive branch, the South China Morning Post reported on Tuesday. Plans for a China-focused meeting were delayed from last month after the US-Israeli war on Iran prompted a new agenda focused on energy prices. It’s not clear what form the instrument will take. Business groups have been...
Amid the trade war with the United States, the last thing China needs is an economic confrontation with the European Union – Beijing’s major export destination. But with the EU seemingly determined to protect its market by introducing measures that many see as controversial, an economic stand-off appears inevitable. When European Commission President Ursula von der Leyen blamed China last June for showing an “unwillingness to live within the constraints of the rules-based international system”,...
Bank of England deputy governor Sarah Breeden has warned that stock markets are too high and will likely fall back due to multiple risks facing the global economy. Speaking to the BBC, she noted that asset prices are at all-time highs despite numerous risks, including high AI valuations and private credit market concerns. While not predicting an imminent correction, she emphasized the need for the UK financial system to be resilient enough to withstand a potential sharp adjustment.
