Brazil is preparing for a fresh round of U.S. tariffs after the Trump administration moved closer to imposing new trade measures on thousands of Brazilian products, escalating economic tensions between the Western Hemisphere’s two largest economies. According to sources familiar with the matter, Washington is expected to announce a 25% tariff on more than 4,000 […]
U.S. President Donald Trump has abandoned his proposal to impose a 20% transit fee on ships passing through the Strait of Hormuz, announcing instead that the United States will pursue trade and investment agreements with Gulf nations as compensation for Washington’s role in securing one of the world’s most strategically important maritime routes. The policy […]
The United States has reinstated sanctions on Iranian oil exports after a series of attacks on oil and liquefied natural gas (LNG) tankers in and around the Strait of Hormuz, marking a significant escalation in its economic pressure campaign against Tehran and further straining already fragile diplomatic relations. The move comes as tensions between Washington […]
U.S. President Donald Trump announced on Wednesday that he has ordered an immediate cutoff of all U.S. trade with Spain, dramatically escalating tensions with one of Washington’s NATO allies during the alliance’s summit in Ankara, Türkiye. Speaking alongside NATO Secretary General Mark Rutte, Trump said he had instructed Treasury Secretary Scott Bessent to halt trade […]
U.S. Secretary of State says regional allies reject any proposal to charge ships for using one of the world’s busiest energy corridors U.S. Secretary of State Marco Rubio has said Gulf Arab states are united in opposing any proposal to impose transit tolls on commercial vessels using the Strait of Hormuz, underscoring Washington’s determination to […]
Attack near Oman raises fresh fears over maritime security despite fragile Iran ceasefire efforts The United Nations has temporarily suspended its ship escort and evacuation initiative through the strategically vital Strait of Hormuz after a cargo vessel came under attack near the coast of Oman, casting fresh doubt over efforts to stabilize one of the […]
India and New Zealand are edging closer to finalizing a Free Trade Agreement (FTA) aimed at deepening economic cooperation and boosting bilateral trade. New Zealand’s Trade and Investment Minister Todd McClay confirmed that negotiations have made steady progress, with both nations committed to crafting an agreement that promotes mutual prosperity and creates new opportunities for […]
Senior U.S. and Chinese economic officials have agreed on the framework of a potential trade deal, setting the stage for a high profile meeting between U.S. President Donald Trump and Chinese President Xi Jinping later this week. The agreement aims to pause new tariffs and ease export restrictions as both nations seek to stabilize their […]
U.S. President Donald Trump met with Canadian Prime Minister Mark Carney at the White House today amid renewed trade negotiations that could lead to one of the most sweeping economic agreements between the two countries in recent years. The leaders focused on deepening economic ties and modernizing trade frameworks, with President Trump hinting at a […]
Brazilian President Luiz Inácio Lula da Silva and Nigerian President Bola Ahmed Tinubu have signed a series of bilateral agreements aimed at revitalizing trade and deepening diplomatic and economic cooperation between the two nations. The signing took place at the Planalto Palace during President Tinubu’s state visit to Brazil marking a renewed effort to strengthen […]