Trump paused 50% tariffs on Canadian goods Wednesday, citing an imminent deal less than 90 minutes before the scheduled 12:01 a.m. deadline.
Tag: trade
Posted inEconomy
Germany’s China Trade Deficit Swells to €55 Billion as Exports Collapse
German exports to China fell 12% in the first half of 2026, pushing the bilateral trade deficit to €55 billion as Beijing deepens its domestic supply chains and cuts reliance on European goods.
Posted inGeopolitics
Beijing Calls Washington Over Trade Curbs as Xi’s September Visit Approaches
Chinese Vice-Premier He Lifeng raised “serious concern” over US trade restrictions in a July 30 call with Treasury Secretary Scott Bessent and USTR Jamieson Greer, as both sides try to stabilise relations before Xi Jinping’s expected September visit.
Posted inWorld
Brazil Blocks US Election Envoys as Lula-Trump Tensions Escalate
Brazil’s Foreign Ministry denied visas to two Trump administration officials planning to scrutinise the country’s October 4 presidential election, citing interference concerns amid an escalating tariff dispute.
Posted inEconomy
US Section 122 Blanket Tariff Expires Thursday as Section 301 Phase Begins
The 10% Section 122 blanket surcharge on US imports expires July 24, as the Trump administration prepares Section 301 replacements with no statutory time limit.
Posted inEconomy
Trump Levies 50% Tariffs on Canada Under a Trade Law Unused for Nearly a Century
Using a trade law last invoked in the 1930s, Trump on July 21 announced additional 50% tariffs on $20 billion of Canadian goods to take effect in 30 days.
Posted inEconomy
China June Exports Jump 27% as AI Hardware and Tariff Rush Drive Record Surplus
Overseas shipments rose to $412 billion in June, well above analyst forecasts, with semiconductor prices more than doubling year-on-year and electric-vehicle exports up 70%.
Posted inEconomy
Taiwan posts third-highest monthly export total on record as AI server demand surges 40%
Taiwan’s June exports rose 40.3% to $74.83 billion, the third-highest monthly total on record, as US demand for AI servers and semiconductors drove 32 straight months of year-on-year growth.
Posted inEconomy
US trade deficit widens to $77.6 billion in May as imports surge
The US goods and services trade deficit expanded by $23 billion to $77.6 billion in May 2026, the Bureau of Economic Analysis reported on 7 July, driven by a sharp rise in imports and a fall in exports.
Posted inEconomy
UK-India free trade deal enters force July 15 with Scotch whisky tariffs halved
The UK-India FTA takes effect on 15 July, halving Indian tariffs on Scotch whisky from 150% to 75% and opening markets across pharmaceuticals, cars and financial services.