US President Donald Trump has announced new 50 per cent tariffs on a range of Canadian imports worth nearly $20 billion, escalating trade tensions between the two neighbouring countries and opening a new front in the ongoing global trade dispute. Read More: China suspends tariffs on Canadian agricultural farm imports after deal The new tariffs, which […]
global trade war
Rising tensions: Trump’s 10% tariff puts global markets on edge
President Donald Trump has introduced a 10% tariff on the majority of goods imported into the U.S. escalating the global trade war. The move, aimed at addressing trade imbalances, has caused turmoil in global markets. Stock prices dropped in Asia and Europe, as investors sought safer options like bonds and gold. Trump’s decision also triggered […]
Protectionism threatens ‘vintage’ global growth: BIS
A year of “vintage” economic growth could be undone by rising protectionism, the Bank of International Settlements (BIS) said Sunday, as fears of an all-out global trade war ramp up. The BIS, often described as the central bank of central banks, credited “a decade of extraordinary monetary policy,” for leading the world out of the […]