The United States has announced a 25% tariff on imports from Brazil, escalating trade tensions between the two countries while exempting several key products, including coffee, beef, oranges, orange juice, selected energy products and aerospace components. The new tariffs will take effect on July 22 and are aimed at addressing what Washington describes as unfair...
Shipping companies are increasingly steering clear of a US-guided transit route through the Strait of Hormuz as security concerns escalate following a series of attacks on commercial vessels. The growing uncertainty has raised fresh worries over the safety of seafarers, global energy supplies, and one of the world’s most important shipping corridors. The Strait of...
India’s landmark Comprehensive Economic and Trade Agreement (CETA) with the United Kingdom officially came into force on July 15, marking one of the country’s biggest trade reforms in recent years. The agreement is expected to reshape trade between the two nations by reducing tariffs, opening new markets for exporters and creating fresh opportunities for businesses...
China’s economy recorded its weakest quarterly growth in three years during the April-June period, revealing a widening gap between booming exports and sluggish domestic demand. While overseas shipments of electric vehicles, batteries and semiconductors continue to power the country’s manufacturing sector, households remain cautious as the property crisis, weak consumer confidence and job uncertainty continue...
India and the European Union have reaffirmed their commitment to expanding cooperation across trade, technology, security and investment following a series of high-level meetings in Brussels. External Affairs Minister S. Jaishankar said the partnership has made notable progress since the India-EU Summit held earlier this year, with both sides now focusing on strengthening strategic collaboration...