Trade cooperation suffers setback with new US tariff decision
BusinessEurope warns US tariffs on EU goods will raise costs, disrupt supply chains, and threaten millions of jobs across the transatlantic economy....
Tag : Global Trade
Global trade surged to $33 trillion in 2024, driven by services
UNCTAD’s report reveals global trade hit $33 trillion in 2024, yet uncertainty over tariffs, policies, and economic shifts remains high....
EU imposes $28 billion in counter tariffs on U.S. goods
EU imposes $28 billion in counter tariffs on U.S. goods after new steel and aluminum duties, escalating trade tensions....
Trump plans 25% tariffs on autos, semiconductors, and pharmaceuticals
Trump plans 25% tariffs on auto, semiconductor, and pharma imports starting April, aiming to reshore industries, but experts warn of higher prices and economic disruption....
Nasdaq, S&P 500 drop as trade tensions rise with new U.S. tariffs
U.S. stocks dropped Monday after Trump announced tariffs on China, Mexico, and Canada, but pared losses after he delayed Mexico tariffs for one month following...
Russia’s grain exports hit record 72 million tonnes in 2024
Russia’s grain exports reached a record 72 million tonnes in 2024, driven by strategic growth in agricultural output and trade, cementing its global leadership....
Egypt food exports reach $5.5 billion in first 11 months of 2024
Egypt’s food exports reached $5.5 billion by November 2024, marking a 17% growth over 2023, with key markets including Arab nations, Europe, Africa, and the...
DP World starts $1.2 billion port construction in Senegal’s Ndayane
DP World launches construction on Senegal’s $1.2 billion Port of Ndayane, designed to accommodate the largest container ships and transform the country into a major...
EU moves closer to forced labor product ban in major regulation push
The EU is finalizing a regulation to ban forced labor products, enforcing compliance across its 27 nations, a move to uphold ethical practices and human...
UAE diamond trade set to hit $40 billion by year-end 2024
UAE’s diamond sector is projected to exceed $40 billion this year, boosting the nation’s rank as the third-largest global diamond market, per Ministry of Economy’s...