Browsing: trade deficit

MENA Newswire, OTTAWA: Canada’s exporters are expanding shipments to markets outside the United States as new and expanded U.S. tariffs reshape trade flows…

WASHINGTON: More than seven years after President Donald Trump launched sweeping tariffs on Chinese goods, official data and widely cited economic studies show…

Tariffs are reshaping U.S. trade and inflation, adding $1,200 yearly to household costs as businesses and consumers absorb rising import prices.

Trump and Carney met in Washington to discuss US-Canada trade, with tariffs, USMCA compliance, and economic concerns dominating the agenda.

Canada’s economy contracted 1.6% in Q2 2025 as U.S. tariffs drove exports down 7.5%, marking the first quarterly decline in nearly two years.

Trump warns tariffs on the EU and UK are imminent, citing trade imbalances, but signals Britain may negotiate a deal to avoid levies. EU vows to retaliate against potential tariffs.

India and Russia are advancing on a $100 billion trade target, with progress in currency settlements, banking, and balanced trade amid sector diversification and longstanding economic ties.