Former President Donald Trump voiced doubt about the power of financial penalties on Russia, saying they “may or may not” be effective. His remarks intensify the heated debate over the true impact of sanctions, according to The New York Times
Browsing: economic impact
Rising US tariffs and soaring global demand are sparking a matcha shortage, putting the beloved Japanese green tea powder in short supply. Importers warn that shrinking availability and rising prices will impact consumers and businesses across the board
Italy is facing a demographic crisis as birth rates plummet, threatening the future of its enchanting rural villages. In response, authorities are racing to find innovative solutions to reverse this decline and offer crucial support to families struggling with economic and social challenges
The US-EU trade deal, valued at over $180 billion, eclipses the UK-US agreement in both scale and influence. Key sectors like automotive and agriculture reap the rewards of lowered tariffs, highlighting the distinct priorities driving transatlantic commerce
India voices strong concern as the US imposes a hefty 25% tariff on crucial exports, sparking fierce criticism of Trump’s trade policies. This bold action threatens to strain bilateral ties and disrupt economic cooperation, intensifying urgent demands for meaningful dialogue
Trump’s tariffs on imported goods have given Canadian and Mexican chocolate makers a delicious advantage over their US competitors, Reuters reports, as soaring costs leave American producers struggling to keep up in the global market
Trump-era tariffs are sending shockwaves through Brazil’s citrus industry, causing export delays and squeezing growers financially. These trade barriers have crushed demand and pushed costs higher, threatening the very foundation of the region’s agriculture
Germany’s Finance Minister Friedrich Merz voiced doubts about a quick breakthrough in EU-US trade negotiations and warned that without stronger transatlantic trade relations, the German economy could encounter significant hurdles, Reuters reports
US tariffs imposed during the Trump era now cast a shadow over Brazil’s export-driven economy, endangering key industries like steel and agriculture. Experts warn that these measures could ignite trade disputes and stall growth in Latin America’s largest market
In a remote Chinese border town, vibrant trade and a steady stream of goods are injecting fresh energy into Russia’s struggling economy despite ongoing sanctions. This crucial hub showcases the expanding economic ties that are reshaping the region’s future
The UK’s borrowing has skyrocketed as soaring inflation drives up the cost of debt servicing, deepening Chancellor Jeremy Reeves’ fiscal challenges. Experts warn that this alarming trend could place heavy strain on public finances and limit future policy options
Amid escalating tariff battles, U.S. alcohol sales have plummeted by a dramatic 66%, with Canadian consumers turning away from American spirits in droves. This deepening trade conflict is striking a harsh blow to the U.S. liquor industry
Trump’s tariff threats have ignited a surge in Brazil’s President Lula’s popularity, sparking a powerful wave of nationalist pride. Meanwhile, escalating legal battles are deepening the former leader’s political and judicial struggles
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
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