The European Central Bank (ECB) has cut interest rates for the sixth time in nine months as it seeks to bolster eurozone economic growth. The bank stuck to its plan…
Category: International Trade
USA: Data, waves and wind to be counted in the economy
Wind and waves are set to be included in calculations of the size of countries’ economies for the first time, as part of changes approved at the United Nations. Assets…
USA: Trump expands exemptions from Canada and Mexico tariffs
US President Donald Trump has signed orders significantly expanding the goods exempted from his new tariffs on Canada and Mexico that were imposed this week. It is the second time…
UK: People in Britain could have less money due to US tariffs
US president Donald Trump’s tariffs could mean less money in UK consumers’ pockets, the governor of the Bank of England has warned. Tariffs could hit growth and pose “substantial” risks…
USA: Jack Daniel’s hits out at Canada pulling US alcohol
Canadian provinces pulling US alcohol off store shelves in response to Trump trade policy is “worse than tariffs”, the boss of Jack Daniel’s maker Brown-Forman has said. Several Canadian provinces,…
Germany: European Central Bank cuts interest rates again
The European Central Bank (ECB) has cut interest rates for the sixth time in nine months as it seeks to bolster eurozone economic growth. The bank stuck to its plan…
USA: Carmakers win break from Trump’s tariffs on Canada and Mexico
US President Donald Trump said he would temporarily spare carmakers from a new 25% import tax imposed on Canada and Mexico, just a day after the tariffs came into effect.…
USA: Trump mulls exemption for some carmakers from tariffs
US Commerce Secretary Howard Lutnick has said President Donald Trump is considering a deal that would offer exemptions from tariffs on Canada and Mexico, including potentially for carmakers. The possibility…
China: Beijing is ready for ‘any type of war’ with US
China has warned the US that it is ready to fight “any type” of war after hitting back against President Donald Trump’s mounting trade tariffs. The world’s top two economies…
China: Authorities target 5% growth as it reels from Trump tariffs
China has set an economic growth target for this year of “around 5%” and pledged to pump billions of dollars into its ailing economy, which is now facing a trade…