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China’s tit-for-tat tariffs on some US goods took effect on February 10. The trade war between the United States and China escalated as President Trump planned to impose tariffs on more countries. Beijing announced...
Gold prices surged to a historic high on February 5, extending to a record $2858.12 per ounce. The rally comes as investors express concerns about a global trade war. Thus, they are seeking safe-haven...
The Bank of England, on February 6, cut its base rate to 4.5% amid easing inflation. However, it highlighted lingering risks such as weak GDP growth and potential US tariffs. Although the British pound...
President Donald Trump has repeatedly threatened BRICS member states with imposing a 100% tariff on their imports to the United States if they persist with efforts to create a reserve currency to rival the...
China on February 4, imposed tariffs on multiple US imports in retaliation after warning of countermeasures and urging America to enter negotiations and “meet China halfway,” As such, China announced that it would impose...
Russia’s liquefied natural gas (LNG) exports in 2024 reached a record high of 33.6 million tons (45.7 billion cubic meters), a 4% increase from 2023 volume of 32.9 million tons. This is according to...
The EU and Switzerland, on December 20, 2024 reached a trade deal worth an estimated €550 billion in trade. The broad package will grant Switzerland more access to the EU’s single market. At the...
In 2023, several countries recorded high trade surpluses due to their expansive export sectors. These sectors include natural resources like oil and gas, high-value goods, and advanced technologies such as semiconductors. A trade surplus...
