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International growth is slowing, fewer new jobs will be created, and the global income gap is rising — largely because of elevated trade tension spearheaded by U.S. President Donald Trump. That’s according to the International Labour Organization (ILO), a UN agency, whose new report is based on the IMF’s April 2025 “World Economic Outlook.” The

EU sees 'new impetus' in US trade talks, businesses worry over uncertainty

THE ripple effects of Donald Trump's global trade war are increasingly being felt across numerous industries all at once and on Wednesday were once again exerting pressure on US stock markets that have been roiled for weeks by his erratic trade policies. Stocks fell broadly, with tech stocks hit particularly hard after bellwethers like Nvidia

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Advertisement SKIP ADVERTISEMENT You have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load. The Chinese government said it would match President Trump’s tariff, and also barred a group of American companies from doing business in China. A container ship from

Trade economists were scratching their heads on Thursday at the formula used by the White House to measure trade imbalances and inflict punishment on all its global trading partners. Handed a chart in the White House Rose Garden, US President Donald Trump presented the rationale for how his administration would impose reciprocal tariffs on partners

China’s outright rejection of Trump’s assertions appeared to intensify US-China tensions. Trump poured cold water on hopes of immediate tariff cuts, reportedly stating he would not remove tariffs unless China ‘give us something.’ Beijing responded by canceling US pork shipments, targeting a key constituency of the US President. The Kobeissi Letter reported: “China cancelled shipments

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