A sweeping U.S. tariff policy effective August 7, 2025, targets over 90 nations with rates from 0% to 50%, aiming to push trading partners toward fairer terms. With India facing the steepest rate and the European Union under a tiered system, the move marks a significant protectionist turn, set to impact global supply chains, trade … Read More

Canada’s labour market suffered a setback in July, with the economy shedding 40,800 jobs and pushing the national employment rate down to 60.7%, its lowest level since November, Statistics Canada reported Friday. The decline erases much of June’s surprising gain of 83,000 jobs. Despite the job losses, the unemployment rate held steady at 6.9%, hovering … Read More

China’s steel exports climbed in July, continuing a record-breaking run despite growing trade barriers being thrown up by countries concerned about a flood of Chinese exports. Steel exports in July rose 1.7% from June to 9.84 million metric tons, taking total exports so far this year to 67.98 million tons, data from the General Administration … Read More

The United States began charging higher tariffs on goods from dozens of trading partners Thursday, in a major escalation of President Donald Trump’s drive to reshape global commerce in America’s favor. Shortly before the new levies kicked in, Washington separately announced it would double Indian tariffs to 50% and hit many semiconductor imports from around … Read More

Imports from other countries fell around 4 percent from the previous month as President Trump’s steep tariffs discouraged businesses from ordering goods. Exports dipped slightly, about 0.5 percent, as U.S. companies sold fewer industrial goods. Still, the overall trade deficit narrowed to $60.2 billion in June. Read the article.

The U.S. trade gap narrowed in June, government data showed Tuesday, as imports pulled back more than exports while businesses grappled with President Donald Trump’s tariffs on allies and competitors alike. The overall trade deficit in the world’s biggest economy narrowed by 16% to $60.2 billion, down from a revised $71.7 billion figure in May, … Read More

President Trump’s extensive tariffs have already started to generate a significant amount of money for the federal government, a new source of revenue for a heavily indebted nation that American policymakers may start to rely on. Over time, analysts expect that the tariffs, if left in place, could be worth more than $2 trillion in … Read More

Bilateral deals with major trading partners have rolled in over the last week. The average effective tariff rate on imports to the US sits at its highest level in nearly a century. Tariff revenue is soaring. Financial markets have settled, and stocks have bounced consistently around record highs in recent weeks. Predictions of soaring inflation … Read More

The US president, Donald Trump, has signed an executive order imposing “reciprocal” tariffs ranging from 10% to 41% on imports from dozens of countries and foreign locations, shortly after extending the deadline for a tariff deal with Mexico by another 90 days. The order listed higher import duty rates that would start from 7 August … Read More