Reuters | March 07, 2025 | International Trade
U.S. Treasury Secretary Scott Bessent on Thursday laid out the Trump administration's ambitions to reshape international trade relations with tariffs, roll back financial regulations on American banks, and use sanctions to collapse Iran's economy.
Reuters | March 07, 2025 | International Trade | By The Numbers
Global coffee traders and roasters say they have slashed their purchases to minimal levels, as the industry reels from a steep surge in prices that suppliers
China's imports unexpectedly shrank over the January-February period, while exports lost momentum, as escalating tariff pressures from the United States cast a shadow
Reuters | March 06, 2025 | International Trade
Mexican and Canadian officials are increasingly frustrated by tariff negotiations with the Trump administration, with a lack of clarity over exactly what the U.S. wants making any resolution seem impossible, sources from both countries told Reuters.
President Donald Trump on Thursday exempted goods from both Canada and Mexico under a North American trade pact for a month from the 25% tariffs that he had imposed earlier this week, the latest twist in fast-shifting trade policy that has whipsawed financial markets and business leaders.
The U.S. trade deficit widened to a record high in January amid front-loading of imports ahead of tariffs, suggesting that trade could be a drag on economic growth in the first quarter.
The flow of Mexican goods exported to the United States has slowed as companies anxiously hold back stock and wait to see if U.S. President Donald Trump might reverse his decision to implement 25% tariffs on Mexico this week.
If sustained, U.S. tariffs imposed on Mexico and Canada will have a significant adverse impact on the those countries, the International Monetary Fund said on Thursday, citing the strong integration of both countries with the U.S. economy.
Microsoft will invest an additional 5.4 billion rand ($296.81 million) by the end of 2027 to expand its cloud and artificial intelligence infrastructure in South Africa to meet the growing demand for the company's Azure services in the region.
Canada's trade surplus in January exceeded expectations by a wide margin to post a 32-month record as fears of tariffs from the U.S. pushed exports of cars and energy products higher, especially south of its border, data showed on Thursday.
AJOT Newsroom | March 06, 2025 | International Trade
Canada's trade surplus in January exceeded expectations by a wide margin to post a 32-month record as fears of tariffs from the U.S. pushed exports of cars and energy products, especially south of its border, data showed on Thursday.
Reuters | March 05, 2025 | International Trade
President Donald Trump said on Tuesday U.S. lawmakers should get rid of a landmark 2022 bipartisan law to give $52.7 billion in subsidies for semiconductor chips manufacturing and production and use the proceeds to pay debt.
President Donald Trump held a call Tuesday with the CEOs of General Motors and Ford and the chair of Stellantis to discuss the potential of delaying tariffs on North American-built vehicles by 30 days, two sources told Reuters.
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