Canadian boycotts of U.S. products are beginning to deliver a significant blow to American businesses, particularly in agriculture and retail. Market analysts warn that these actions could escalate trade tensions between the two nations even further
Browsing: economic impact
France’s fiscal watchdog has cast serious doubts on the government’s plan to scrap public holidays, cautioning that the proposal “remains to be proven” in terms of its economic benefits and feasibility, reports the Financial Times
Brazil is making bold moves to curb soaring hotel prices ahead of COP30, responding to developing nations’ demand for affordable accommodations. This effort aims to ensure every delegate can participate in the global climate summit without worrying about costs
Finance Minister Carney has launched a dynamic new aid package aimed at strengthening Canada’s steel industry and safeguarding workers affected by the U.S. tariffs imposed during the Trump administration, emphasizing steel as the essential backbone of our economy
Three years into the war in Ukraine, sanctions against Russia remain a powerful force shaping the conflict. Experts are closely analyzing their impact on Moscow’s economy and military strength, sparking intense debate over whether these measures are genuinely changing the war’s trajectory
The Russian rouble and Moscow stock market surged dramatically after former U.S. President Trump shared optimistic remarks about Russia, Reuters reports. Investors eagerly seized the opportunity, igniting a fresh wave of confidence amid persistent geopolitical tensions
U.S. tariffs put in place during former President Trump’s administration are disrupting Brazil’s trade ambitions, leaving President Bolsonaro and the Brazilian right facing a challenging dilemma: how to drive economic growth while navigating strained relations with the U.S
Russia is facing a looming population crisis, with a staggering shortage of 11 million workers projected by 2030. In a recent briefing to President Putin, a minister raised urgent warnings about the severe demographic and economic challenges that the country must confront
Brazil has limited options to dodge the U.S. tariffs imposed during the Trump era, but surprisingly, the nation is handling the challenge far better than expected. Backed by robust trade agreements and a wide variety of exports, Brazil is effectively softening the economic blow, Reuters reports
Tariff anxiety is sweeping across Japan, the Bank of Japan’s latest report reveals. Rising trade tensions and impending tariff increases are rattling businesses, shaking economic confidence, and forcing exporters to proceed with caution
Economists are raising urgent concerns about Trump’s new tariff on Brazil, warning it sets a “scary precedent” despite the U.S. enjoying a trade surplus with the country. This bold action ignites fears of escalating trade conflicts and sparks anxiety over potential retaliatory measures
Former President Trump has just unleashed a surprise shockwave with new tariffs on Brazilian imports, zeroing in on everyday staples like coffee and sugar. Experts warn these changes could disrupt your morning ritual and cause prices to skyrocket
The UK’s economy is bracing for far tougher challenges from a 3°C rise in global temperatures than once expected, the Office for Budget Responsibility has revealed, highlighting serious risks to growth and public finances
China’s rare earth export controls are doing more than just tightening Beijing’s hold on a vital resource-they’re disrupting global supply chains and pushing manufacturing costs higher worldwide. This bold strategy is intensifying trade tensions, Reuters reports
President Trump’s bold threat to slap a staggering 35% tariff on Japanese imports has sent shockwaves through Tokyo, igniting fears of economic upheaval and escalating trade tensions between the U.S. and Japan, sources reveal
The Trump administration’s immigration crackdown is sending shockwaves through the U.S. economy, upending labor markets, straining supply chains, and rattling industries that rely heavily on immigrant workers, Axios reports
Canada has fired back boldly at Trump’s tariff ultimatum, imposing a steep hike on US goods. This striking move threatens key American industries, escalating the high-stakes trade battle between the two neighbors
German export sentiment has taken a hit amid looming tariff threats, the Ifo Institute revealed on Thursday. Escalating trade tensions are stirring uncertainty among exporters, casting a shadow over growth prospects
China’s property sector remains trapped in a deepening slump, further complicated by the country’s shrinking population. As demand continues to fall, developers and policymakers are grappling with increasing challenges to steady the market, CNBC reports
Canada is facing mounting economic challenges as a trade dispute with the U.S. escalates, throwing exports and supply chains into turmoil. Key industries such as agriculture and manufacturing are feeling the heat, battling soaring tariffs and an increasingly uncertain market landscape