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Tag: Global Trade

Trump’s Latest Tariffs Unleash Global Economic Scramble, Over 60 Nations React

Trump’s Latest Tariffs Unleash Global Economic Scramble, Over 60 Nations React

Trump’s Latest Tariffs Unleash Global Economic Scramble, Over 60 Nations React More than 60 countries worldwide are urgently responding to the latest wave of US tariffs, which came into force on Thursday following an announcement by President Donald Trump. These sweeping duties, ranging from 10% to 41%, are upending a decades-old global trading system, with industry representatives warning of significant job losses across both developed and developing economies. Leaders globally are scrambling to implement contingencies as Trump’s tariff threats became…

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Trump’s Sweeping Tariffs Take Effect, Reshaping Global Trade Landscape

Trump’s Sweeping Tariffs Take Effect, Reshaping Global Trade Landscape

Trump’s Sweeping Tariffs Take Effect, Reshaping Global Trade Landscape US President Donald Trump’s extensive new tariffs on over 90 countries have officially come into effect today, August 7th, following the expiration of his deadline for nations to negotiate new trade deals. Moments before the cut-off, Trump announced on Truth Social that billions of dollars were now flowing into the US as a direct result of these import taxes, which he aims to leverage for boosting American jobs and manufacturing. This…

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New Tariff Era: Trump Solidifies 15-20% Global Trade Tax

New Tariff Era: Trump Solidifies 15-20% Global Trade Tax

New Tariff Era: Trump Solidifies 15-20% Global Trade Tax A significant shift in global economic policy is underway as President Donald Trump entrenches tariffs at levels previously deemed unimaginable. The administration has declared a new baseline tariff rate for the world, expected to settle between 15% and 20%. This announcement follows closely on the heels of a landmark agreement reached Sunday with the European Union, which will see a 15% import tax on products entering the U.S. from the bloc….

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China’s Economy Outperforms Expectations in Q2 Amidst Growing Headwinds

China’s Economy Outperforms Expectations in Q2 Amidst Growing Headwinds

China’s Economy Outperforms Expectations in Q2 Amidst Growing Headwinds Beijing today revealed that China’s economy expanded by 5.2% in the second quarter of 2025, exceeding analyst forecasts despite a backdrop of increasing domestic and global challenges. Data released this Tuesday by the National Bureau of Statistics indicated the growth for the April-June period, following a 5.4% increase in the first quarter. This latest figure surpasses the 5.1% median forecast from economists surveyed by Bloomberg. While robust exports provided a critical…

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Market Jitters: Dow Futures Dive After Trump Announces 30% Tariffs on EU, Mexico

Market Jitters: Dow Futures Dive After Trump Announces 30% Tariffs on EU, Mexico

Market Jitters: Dow Futures Dive After Trump Announces 30% Tariffs on EU, Mexico U.S. equity futures experienced a sharp decline on Sunday evening, signaling a nervous start to the week for Wall Street as investors grapple with renewed tariff threats. Futures for the Dow Jones Industrial Average dropped 183 points (0.4%), while S&P 500 futures fell 0.4% and Nasdaq 100 futures slid 0.5%. The downturn follows President Donald Trump’s declaration on Saturday that the U.S. will impose a substantial 30%…

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Global Trade Tensions Rise: Trump Announces 50% Tariffs on Copper, Brazil Imports

Global Trade Tensions Rise: Trump Announces 50% Tariffs on Copper, Brazil Imports

Global Trade Tensions Rise: Trump Announces 50% Tariffs on Copper, Brazil Imports Stock futures dipped on Thursday, July 10, 2025, as investors reacted to President Donald Trump’s late-Wednesday announcement of significant new tariffs. Trump declared a 50% U.S. tariff on imported copper, set to take effect on August 1. The President also imposed a 50% tariff on imports from Brazil, citing an “unfair trade relationship” and partly as retaliation for the ongoing trial against former Brazilian President Jair Bolsonaro. In…

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Trump Administration Issues Tariff Warnings as July 9 Deadline Looms for Trade Deals

Trump Administration Issues Tariff Warnings as July 9 Deadline Looms for Trade Deals

Trump Administration Issues Tariff Warnings as July 9 Deadline Looms for Trade Deals The Trump administration intensified its pressure on global trading partners this week, initiating the dispatch of letters on Monday, July 7, that warn nations of impending higher tariffs set to take effect on August 1. This move comes just ahead of a critical Wednesday, July 9 deadline, marking the culmination of a 90-day negotiating window that followed the suspension of previously announced tariff increases. The new wave…

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U.S. Tariffs Delayed to August 1 Amidst Widespread Confusion

U.S. Tariffs Delayed to August 1 Amidst Widespread Confusion

U.S. Tariffs Delayed to August 1 Amidst Widespread Confusion The Trump administration today announced a critical delay in new tariffs, pushing their implementation to August 1. The decision, confirmed by President Trump and the U.S. Commerce Secretary, has triggered significant confusion among trade partners and analysts. The administration plans to begin sending formal letters detailing the revised tariff rates to affected nations, a move coming just ahead of the original 90-day deadline set for trade negotiations. This unexpected shift raises…

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US-EU Trade Deal at Brink: Tariffs Loom as July 9 Deadline Nears

US-EU Trade Deal at Brink: Tariffs Loom as July 9 Deadline Nears

US-EU Trade Deal at Brink: Tariffs Loom as July 9 Deadline Nears With just five days remaining until a critical July 9 deadline, the United States and the European Union are locked in intense negotiations to avert a potential trade war. Failure to reach an agreement could trigger the full implementation of U.S. President Donald Trump‘s ‘reciprocal tariffs,’ potentially hitting EU goods imported into the U.S. with duties as high as 50%. The looming deadline follows a 90-day reprieve on…

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Asia-Pacific Markets Brace for Trump Tariff Deadline Amid Mixed Trading

Asia-Pacific Markets Brace for Trump Tariff Deadline Amid Mixed Trading

Asia-Pacific Markets Brace for Trump Tariff Deadline Amid Mixed Trading Asia-Pacific markets are experiencing a day of mixed trading as investors brace for the critical deadline set by former President Trump regarding higher tariffs. The looming prospect of increased trade barriers is injecting significant uncertainty into regional economies, leading to varied performance across different sectors. Major indices in the Asia-Pacific region are reflecting this apprehension, with some markets showing modest gains while others are in decline. This cautious sentiment underscores…

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