U.S. Tariff Hikes Spark Fears of Trade Slowdown
On August 7, the U.S. enacted sweeping tariffs, pushing average import duties to 17% and igniting fears of higher consumer costs, a global slowdown, and strained ties with key partners.
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On August 7, the U.S. enacted sweeping tariffs, pushing average import duties to 17% and igniting fears of higher consumer costs, a global slowdown, and strained ties with key partners.
President Trump’s aggressive trade threats on tariffs and geopolitical ties are testing India’s resolve, with heavy-handed tactics fueling New Delhi’s pushback instead of compliance.
Eurozone Q2 growth slowed to 0.1% as U.S. tariffs sting, with Germany and Italy contracting while Spain shows resilience amid trade tensions.
China and the U.S. meet in Stockholm on July 28-29 to discuss tariffs set to expire August 12. These talks could reshape global markets, ease supply chain pressures and set a path for sustainable cooperation.
The Chinese mainland condemns the EU’s 18th round of sanctions targeting its companies and financial institutions, warning of trade fallout and promising to defend its rights.
Charlotte Howard of The Economist warns that the US’s proposed 30% tariff on EU imports risks serious economic fallout if the EU retaliates, despite temporary inflation buffers.
A Chinese expert at the Rio BRICS Summit says Trump’s ‘anti-American’ label is baseless, highlighting the bloc’s open, win-win agenda.
Former Deputy Secretary Kurt Campbell warns the Trump administration’s hard-bargain tactics are straining ties with Japan, leaving the ally in ‘the worst shape.’
China opposes any US-Vietnam tariff deal at the expense of Chinese interests and warns of countermeasures if its rights are compromised.
The US lifts export curbs on China’s chip design software and ethane, signaling a trade de-escalation and restoring access for major tech and energy firms.