Trade

Fitch Ratings has issued a stark warning about the potential economic fallout of aggressive trade tariffs proposed by former President Donald Trump should he win this year’s presidential elections. The credit rating agency predicts that significant increases in U.S. trade tariffs, especially...

The European Union (EU) has indicated its willingness to employ all necessary trade tools to safeguard its economies if China fails to ensure fair market access. What Happened: On Monday, Ursula von der Leyen, the European Commission President, expressed these concerns following a meeting in Paris...

The U.S. has warned of “significant consequences” if Chinese firms aid Moscow’s war on Ukraine, marking one of its sternest messages to Beijing. Following discussions in Guangzhou on Friday and Saturday, the U.S. Treasury Secretary, Janet Yellen, “emphasized that companies,...

On Wednesday, President Joe Biden will meet his Chinese counterpart President Xi Jinping in what's building up to be the highest-stake diplomatic encounter of the year. After years of hostile economic rivalry and mounting military tensions, the meeting will set the tone for the relationship between...

Chinese businesses are reducing their presence in the U.S. due to escalating trade conflicts between the two economic superpowers. Chinese investments in the U.S. fell sharply to $2.5 billion last year, marking the lowest level in over a decade, reported the Financial Times. This is a steep decline...

Chinese firms are aiding Russia’s economy and military capabilities through increasing trade. This includes trading goods used on the Ukrainian battlefield. Recent data from August 2023 shows the continued import of military gear from China to Russia, giving a lifeline to ...

The World Trade Organization (WTO) ruled China overstepped its trade agreements by imposing tariffs on $2.4 billion of U.S. goods. On Wednesday, a trio of WTO specialists concurred with the U.S., stating China’s tariffs breached the organization’s “most favored nation”...

This story was first published on the Benzinga India portal. The United States and India have resolved six disputes at the World Trade Organization (WTO). What Happened? This agreement was reached during a meeting between President Joe Biden and Indian Prime Minister ...

This story was first published on the Benzinga India Portal. India's Prime Minister Narendra Modi believes that U.S. companies looking to move their global manufacturing supply chains to the South Asian country isn’t a conscious move to upend China but simply “India...

This story was first published on the Benzinga India Portal. In May, exports from India of Apple Inc's (NASDAQ: AAPL) iPhone hit a record INR 100 billion ($1.2 billion), pushing country’s the total smartphone exports to INR 120 billion ($1.46 billion). This growth in...

Bitcoin (CRYPTO: BTC) experienced a severe flash crash this past month, causing it to drop over 70% below its all-time high. Following Terra’s (CRYPTO: LUNA) black-swan event, CPI data on inflation, and the US Federal Reserve hiking interest rates, turbulent market conditions have...

To view more FreightWaves infographics, click here. Image by WikiImages from Pixabay

The giant container ship Ever Given remained stuck sideways in Egypt's Suez Canal for a fifth day Saturday. What Happened: On Saturday, authorities made new attempts to free the vessel and reopen the waterway. The New York Times reports that the container's rudder has been...

For the second month in a row, China was the main trading partner of the U.S., followed by Mexico in second place and Canada in third.  Trade between the U.S. and China totaled $59 billion in November, an increase of 30% compared to the same period a year ago, according to data released Thursday...

  To read the full article, click here.