Trade cooperation suffers setback with new US tariff decision
The United States’ decision to impose an additional 20 percent tariff on products imported from the European Union (EU) has drawn strong criticism from BusinessEurope,...
Tag : Global Trade
Global trade surged to $33 trillion in 2024, driven by services
Global trade surged to a record $33 trillion in 2024, marking a 3.7% expansion worth $1.2 trillion, according to the latest Global Trade Update released...
EU imposes $28 billion in counter tariffs on U.S. goods
The European Union has announced counter tariffs totaling €26 billion ($28.33 billion) on U.S. goods, responding to the Trump administration’s decision to impose 25% tariffs...
Trump plans 25% tariffs on autos, semiconductors, and pharmaceuticals
U.S. President Donald Trump has announced plans to impose 25% tariffs on automobile imports, semiconductor chips, and pharmaceutical products entering the United States, with the...
Nasdaq, S&P 500 drop as trade tensions rise with new U.S. tariffs
U.S. stocks declined on Monday following President Donald Trump's announcement of new tariffs on China, Mexico, and Canada. However, major indices pared early losses mid-morning...
Russia’s grain exports hit record 72 million tonnes in 2024
Russia achieved a historic milestone in 2024, with grain exports reaching a record-breaking 72 million tonnes, according to data released by the Russian Agricultural Export...
Egypt food exports reach $5.5 billion in first 11 months of 2024
Egypt's food industry exports surged to approximately $5.5 billion in the first 11 months of 2024, reflecting a 17% increase from the $4.7 billion recorded...
DP World starts $1.2 billion port construction in Senegal’s Ndayane
DP World has commenced maritime construction on the $1.2 billion Port of Ndayane in Senegal, marking a pivotal step in establishing the country as a...
EU moves closer to forced labor product ban in major regulation push
MENA Newswire News Desk: The European Union is on the verge of implementing a groundbreaking regulation to prohibit the sale of products made with forced...
UAE diamond trade set to hit $40 billion by year-end 2024
MENA Newswire News Desk: The United Arab Emirates (UAE) is set to exceed $40 billion in diamond trade this year, according to Juma Al Kait,...