International Economics News - Latest Updates & Headlines
Bessent says US will negotiate with South Korea over trade next week, stresses 'first mover advantage'
Washington, April 15: The United States will engage in trade negotiations with South Korea next week, Treasury Secretary Scott Bessent said, stressing the "first mover advantage," as countries are striving to strike deals with the US to minimise the impact of President Donald Trump's tariff policy on their economies.
Reciprocal tariffs should exclude vulnerable developing countries: UN trade body
Geneva, April 15: In a new report released on April 14, UN Trade and Development (UNCTAD) is amping up calls that the poorest and most vulnerable economies be exempt from "reciprocal tariffs."
Brazilian president says US trade policy 'won't work,' accuses Trump of trying to dictate global rules
Sao Paulo, April 9: Brazilian President Luiz Inacio Lula da Silva criticised the new tariff regime of the United States, saying Washington's attempt to reshape global trade under US President Donald Trump "won't work" and violates the principles of multilateralism.
India has upper hand given tariffs relatively lower than others: NSE MD-CEO
Katra, April 6: India has the upper hand amidst the reciprocal tariffs imposed by the Trump administration, said Ashishkumar Chauhan, Managing Director and CEO of National Stock Exchange, backing his argument, stating the duties slapped on India were less than others.
We are being reciprocal with India, says Trump on tariffs
New Delhi, February 14: US President Donald Trump reiterated his stance on tariff reciprocity in the joint press conference with Prime Minister Narendra Modi, emphasizing that the United States will match tariffs imposed by other countries, including India, to ensure fair trade.
Canada, Mexico & China brace for US tariff hike
New York, Feb 1: China, Canada, and Mexico, the three biggest trading partners of the U.S., are bracing for tariff hikes threatened by President Donald Trump, who also warned of "short-term disruption".
De-dollarisation: President Trump threatens BRICS with 100 pc tariffs
New Delhi, Jan 31: Expressing his stance against de-dollarisation vehemently on Friday, Donald Trump warned BRICS nations and threatened them with 100 per cent tariffs on their exports if they try to replace the US dollar as the main currency in global trade.