Tag: Trade
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Leaders of the 21 Asia-Pacific Economic Cooperation (APEC) economies have adopted the 2025 APEC Leaders’ Gyeongju Declaration, committing to deepen digital cooperation, strengthen trade resilience and promote inclusive growth across the region. Hosted by the Republic of Korea under the theme “Building a Sustainable Tomorrow,” the summit took place from October 31 to November 1…
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President Trump on Tuesday unveiled a new trade framework with Japan, introducing a 15% tariff on Japanese imports and declaring the agreement a landmark achievement. “This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it,” Trump wrote on Truth Social. He also affirmed that the United States “will…
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A landmark trade agreement between the United States and Indonesia has been finalized, capping days of high-level negotiations and revising an earlier tariff threat. President Donald Trump announced Tuesday that a previously planned 32% tariff on imports from Indonesia will instead be lowered to 19% under the terms of the new deal. “They are going…
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President Donald Trump announced Saturday that the United States will impose 30% tariffs on imports from the European Union and Mexico, effective from August 1. The move targets two of America’s largest trade partners and signals a sharp escalation in Trump’s trade strategy during his second term. Trump made the announcement via letters posted on…
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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…
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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…
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[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…
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[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…
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[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…
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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…
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