US President Donald Trump is imposing new tariffs, claiming to combat forced labor, but critics argue this is a pretext to continue his trade wars, violating international agreements and federal law. The tariffs target the EU and Canada, while largely sparing China, and ignore forced labor issues within the US.
Seven decades after the Bandung Conference, China and Indonesia share strong economic ties, with China as Indonesia's largest trading partner and a top investor. However, Indonesia recorded a significant US$20.5 billion trade deficit with China last year, raising concerns about the displacement of domestic producers.
European governments face criticism for poor emergency management of extreme weather and underinvestment, while citizens increasingly buy Chinese air conditioners due to cost-of-living concerns, despite EU trade policy towards Beijing.
The US trade deficit ballooned by 42.2% in May to $77.6 billion, driven by a 3.3% rise in imports of goods like pharmaceuticals, mobile phones, and semiconductors, while exports fell 3.2%. This marks the largest monthly increase in a year, coinciding with AI spending and record petroleum imports.
US small businesses in tourist destinations report a surge in domestic summer travel as Americans prioritize road trips and local experiences over expensive international or long-haul domestic vacations due to rising costs.
유럽연합(EU)이 대중 무역적자 감축 목표 시한인 10월을 앞두고 중국산 에어컨 수입 급증으로 어려움을 겪고 있다. 중국 업체들은 유럽 시장에서 높은 점유율을 차지하며 EU의 무역 불균형 심화에 기여하고 있다.
Europe faces a widening trade deficit with China, exacerbated by record heatwaves driving demand for Chinese air conditioners. EU and China aim for tangible trade results by October, but Beijing's stance and Europe's consumer needs complicate efforts.
The Trump administration decided against renewing the USMCA for another 16-year term, opting instead for annual reviews of the trade pact with Canada and Mexico. This decision means the agreement remains in effect for a decade but triggers yearly evaluations that could lead to renegotiations.
The EU's focus on constraining China may be misguided, as its real challenges lie in addressing internal limitations exposed by Chinese competition, including trade deficits and dependencies.
Sens. Elizabeth Warren and Mark Kelly argue in a letter that President Trump's tariff policies have harmed U.S. workers and manufacturing, leading to job losses and a growing trade deficit in manufactured goods, contradicting his promises of a manufacturing boom.
EU leaders are increasingly concerned about China's currency manipulation, estimating the yuan is undervalued by 20-25%. This contributes to Chinese products being 30-40% cheaper in the EU, exacerbating the bloc's record €1 billion daily deficit with Beijing. Dialogue and monitoring of export prices are suggested as potential EU responses.
The EU's trade deficit with China has reached a record €1 billion per day, totaling €31.9 billion in April. This growing imbalance, fueled by subsidized Chinese electric cars and components, is raising concerns about Europe's industrial future and prompting discussions among EU leaders on potential measures.
India's merchandise trade deficit reduced to $28.21 billion in May, aided by higher petroleum exports. A US-Iran agreement is expected to stabilize shipping through the Strait of Hormuz, moderating global crude oil prices and easing India's import bill and inflation.
US President Donald Trump stated the US might not renew its free trade agreement with Canada and Mexico, citing trade deficits. The pact requires renewal by July 1 or a 10-year exit process.
An analysis claims the EU's economic decay over two decades has been three times faster than the late Qing dynasty, challenging Brussels' narrative of Chinese overcapacity. The EU's per capita manufacturing output is significantly higher than China's, suggesting structural dependence on foreign markets.
EU Trade Commissioner Maroš Šefčovič aims for intensified negotiations with China to address a widening trade deficit, drawing inspiration from US pre-summit talks. EU leaders will discuss the issue at upcoming European Council and G7 meetings.
South Korea is expected to shift from a trade deficit to a surplus with China in 2024, driven by a surge in memory chip prices. Semiconductors, led by Samsung Electronics and SK Hynix, constitute a significant portion of South Korea's exports to China.
The European Commission is stepping up efforts to protect EU industry from Chinese overcapacity as the trade deficit widens. Options include supplier diversification, tariffs on strategic sectors, anti-dumping duties, and the Anti-Coercion Instrument, but member states remain divided.
China and Europe have launched SMILE, their first jointly developed satellite, to study Earth’s magnetic environment and the mechanism that protects the planet from solar wind.
India's trade with BRICS countries grew significantly over five years, reaching $416 billion in CY2025. However, imports surged faster than exports, doubling the trade deficit to $224 billion, with Russia emerging as a key import partner due to oil purchases.
India raises import tariffs on gold and silver to 15% to curb imports and ease pressure on foreign exchange reserves
Facing a widening trade deficit, India's Prime Minister urges reduced gold purchases. Industry bodies propose tapping into the nation's vast household gold reserves. Their plan involves using refined household gold for domestic demand and channeling imported gold into jewellery exports via gold metal loans, aiming to boost working capital and cut imports.
Spanish Prime Minister Pedro Sanchez’s diplomatic balancing act during his visit to China last month marked a sharp contrast with a European Union grappling with geopolitical upheaval and economic stagnation. Sanchez pushed for closer ties with Beijing while raising concerns over a persistent bilateral trade deficit and the Ukraine war, an approach that analysts said could serve as a diplomatic template for Brussels amid its fraying relationship with Washington. According to Wang Hanyi, a...
UK goods exports to the US fell 24.7% (£1.5 billion) following President Trump's liberation day tariffs, with car exports also remaining below pre-tariff levels. The UK has recorded a trade deficit with its largest trading partner for three consecutive months since the tariffs were introduced, despite securing a 10% blanket tariff deal last year. While Trump recently announced removal of Scotch whisky tariffs in honor of King Charles III's state visit, experts say this will not be enough to reverse the overall deficit.
