Trade

In a recent interview, former President Donald Trump advocated for a significant increase in import tariffs, a move that was slammed by Nobel winning economist Paul Krugman in a recent opinion piece. What Happened: Trump, known for imposing substantial tariffs during his presidency, is now...

Peter Schiff, a renowned economist and financial commentator, has expressed his views on former President Donald Trump’s tariff strategy, advocating instead for lower taxes and fewer regulations. What Happened: On Wednesday, Schiff took to X to criticize Trump’s approach to tariffs,...

The trade relationship between Xi Jinping’s China and Vladimir Putin’s Russia is under strain, with payments being delayed for up to six months and a high percentage of bank transfers being returned. What Happened: Nearly 80% of bank transfers made in Chinese yuan are being returned...

Fitch Ratings has issued a stark warning about the potential economic fallout of aggressive trade tariffs proposed by former President Donald Trump should he win this year’s presidential elections. The credit rating agency predicts that significant increases in U.S. trade tariffs, especially...

The European Union (EU) has indicated its willingness to employ all necessary trade tools to safeguard its economies if China fails to ensure fair market access. What Happened: On Monday, Ursula von der Leyen, the European Commission President, expressed these concerns following a meeting in Paris...

The U.S. has warned of “significant consequences” if Chinese firms aid Moscow’s war on Ukraine, marking one of its sternest messages to Beijing. Following discussions in Guangzhou on Friday and Saturday, the U.S. Treasury Secretary, Janet Yellen, “emphasized that companies,...

Chinese businesses are reducing their presence in the U.S. due to escalating trade conflicts between the two economic superpowers. Chinese investments in the U.S. fell sharply to $2.5 billion last year, marking the lowest level in over a decade, reported the Financial Times. This is a steep decline...

Chinese firms are aiding Russia’s economy and military capabilities through increasing trade. This includes trading goods used on the Ukrainian battlefield. Recent data from August 2023 shows the continued import of military gear from China to Russia, giving a lifeline to ...

The World Trade Organization (WTO) ruled China overstepped its trade agreements by imposing tariffs on $2.4 billion of U.S. goods. On Wednesday, a trio of WTO specialists concurred with the U.S., stating China’s tariffs breached the organization’s “most favored nation”...

This story was first published on the Benzinga India portal. The United States and India have resolved six disputes at the World Trade Organization (WTO). What Happened? This agreement was reached during a meeting between President Joe Biden and Indian Prime Minister ...

This story was first published on the Benzinga India Portal. India's Prime Minister Narendra Modi believes that U.S. companies looking to move their global manufacturing supply chains to the South Asian country isn’t a conscious move to upend China but simply “India...

This story was first published on the Benzinga India Portal. In May, exports from India of Apple Inc's (NASDAQ: AAPL) iPhone hit a record INR 100 billion ($1.2 billion), pushing country’s the total smartphone exports to INR 120 billion ($1.46 billion). This growth in...

Bitcoin (CRYPTO: BTC) experienced a severe flash crash this past month, causing it to drop over 70% below its all-time high. Following Terra’s (CRYPTO: LUNA) black-swan event, CPI data on inflation, and the US Federal Reserve hiking interest rates, turbulent market conditions have...

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The giant container ship Ever Given remained stuck sideways in Egypt's Suez Canal for a fifth day Saturday. What Happened: On Saturday, authorities made new attempts to free the vessel and reopen the waterway. The New York Times reports that the container's rudder has been...