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As the deadline for the US-China tariff truce approaches, global markets and policymakers increasingly focus on the future of trade relations between the world’s two largest economies. This critical outcome will directly influence economic strategies, supply chain stability, and diplomatic ties for years to come. Initially, the temporary agreement paused the escalating tariffs that had […]
The S&P 500 surged to a new all-time high on Tuesday, propelled by optimism surrounding several landmark U.S. trade agreements inked this month. As investor sentiment rallied, the benchmark index climbed past previous ceilings, driven by robust export data, industrial growth, and renewed foreign investment in American tech and energy sectors. The record-setting rally underscores […]
US President Donald Trump has imposed reciprocal tariffs on several nations, announcing a baseline 10 percent tax on all imports. This move is expected to make US weapons more expensive and complicate international efforts to counter China, including joint ventures with the United Kingdom and Australia to build submarines. It could further force some of […]
In a move that could further strain transatlantic trade relations President Donald Trump has announced his intent to impose a massive 200% tariff on all wines champagnes and alcoholic products imported from France and other European Union countries. This threat follows the European Union’s decision to implement a 50% tariff on American whiskey as part […]
President Donald Trump is expected to announce a tariff reduction deal with Canada and Mexico as part of ongoing negotiations to ease trade tensions between the three nations. US Commerce Secretary Howard Lutnick suggested in a recent interview that Trump will “probably” unveil the agreement on Wednesday after Canada and Mexico pledged stronger efforts to […]
Shares of Japan’s major trading houses saw a significant surge after billionaire investor Warren Buffett reiterated his confidence in their long-term growth potential. The renewed endorsement from the Berkshire Hathaway chairman sent a wave of optimism through the Tokyo Stock Exchange, with some companies reaching their highest levels in years. Buffett praised the business models […]
President Donald Trump is considering invoking a long-dormant provision of the 1930 Trade Act to impose reciprocal tariffs on countries that maintain higher import duties on U.S. goods, a move that could significantly alter the global trade landscape. This decision signals the administration’s intent to take immediate action in addressing what Trump has long criticized […]
The United States is set to impose a sweeping 25% tariff on all imported steel and aluminum, a move that signals a seismic shift in global trade policies under Donald Trump’s administration. The tariffs, which take effect on March 12, mark the latest effort by Trump to redefine America’s trade strategy by prioritizing domestic industry […]
The Kenyan shilling remained unchanged against the U.S. dollar on Tuesday, as data from the London Stock Exchange Group (LSEG) showed no significant movement in the exchange rate. At 0931 GMT, the shilling was quoted at 128.90/129.40 per dollar, matching the same rate it closed at the previous day. This stable performance has caught the […]
China’s retaliatory tariffs on US goods officially came into effect on Monday, signaling a new escalation in the ongoing trade war between the world’s two largest economies. This development follows closely on the heels of Washington’s imposition of fresh tariffs on Chinese products, as tensions rise over trade imbalances, technology disputes, and geopolitical rivalry. Beijing […]
