Tag: International Trade
-
President Donald Trump has announced a steep increase in tariffs on Canadian imports, escalating trade tensions with U.S.’s northern neighbor. In a letter posted to his social media platform, Trump informed Canadian Prime Minister Mark Carney that a 35% tariff would take effect on August 1, up from the current 25%. Trump warned the rate…
-
The United States will impose a 20 percent tariff on many Vietnamese exports, a lower rate than initially proposed, President Donald Trump announced, easing trade tensions just days before a July 9 deadline to increase tariffs on most imports. Transshipments from third countries through Vietnam, however, will face a 40 percent levy. In return, Vietnam…
-
[Lukas Müller, Shongjog columnist] The European Political Community (EPC) summit took place in Budapest this past October. Lucas Dupont’s recent Op-Ed, published by Oped Column Syndication, offers a timely and thought-provoking analysis of the summit. This commentary aims to very briefly discuss the key takeaways from Dupont’s analysis, including the EPC’s role in fostering cooperation among…
-
[Lukas Müller, Shongjog columnist] The prospect of a second Donald Trump administration heralds a tumultuous era for Europe, raising significant concerns about economic protectionism, geopolitical stability, and the ongoing struggle to address climate change. As Trump aims to implement policies that prioritize American interests, Europe must brace itself for a potential unraveling of decades of…
-
[Vikram Rajesh, Shongjog columnist] The current state of global trade balances, marked by China’s widening trade surplus and the growing U.S. trade deficit, serves as a crucial touchstone for understanding the dynamics of post-pandemic economic recovery. The interplay between these two superpowers has reignited debates about the causes and consequences of such imbalances, particularly in…
-
During trade discussions on September 8, 2024, senior Chinese official Wang Shouwen emphasized that China’s substantial population should be seen as an opportunity rather than a threat to the United States. Wang, the vice-minister of commerce, shared this perspective with Marisa Lago, the U.S. Under Secretary of Commerce for International Trade, in Tianjin. This meeting…
Eurasian Newslog 