Trump Tariff Shock Stings Bangladesh, Sri Lanka Garment Giants, May Help India The global economy is a complex web of interconnected markets, where decisions made in one part of the world can have far-reaching consequences for others. Recently, the imposition of a 37 percent tariff on garment imports by the Trump administration has sent shockwaves […]
Adidas, Puma Plunge as Trump’s Tariffs Shock Shoe Supply Chains
Adidas, Puma Plunge as Trump’s Tariffs Shock Shoe Supply Chains The global economy is a complex web of interconnected supply chains, where even the slightest ripple can cause a major wave of impact. Recently, the footwear industry felt the shockwaves as President Trump’s tariffs sent Adidas and Puma stocks plummeting. In early Frankfurt trading on […]
Analysis: US Tariffs on Vietnam Would Be a Blow to Nike and Other Sportswear Brands
US Tariffs on Vietnam Could Significantly Impact Nike and Sportswear Industry Nike, the global sportswear giant, has long been synonymous with innovation, quality, and style. However, recent developments in US trade policies threaten to shake the foundation of its supply chain. The proposed tariffs on Vietnam, a key manufacturing hub for Nike, could have far-reaching […]
Trump’s Tariffs to Take Immediate Effect, White House Says
Trump’s Tariffs: Immediate Impact on Global Trade The world of international trade is once again bracing itself for turbulence as President Trump’s administration announces the immediate enforcement of global tariffs. White House press secretary Karoline Leavitt confirmed the news on Tuesday, indicating that the repercussions of this decision will be swift and far-reaching. Tariffs have […]
Trump Puts Spotlight on Korea for ‘Higher-Than-China’ Tariff
South Korea’s Unfair Tariffs: A Closer Look at Trump’s Criticism President Donald Trump has once again stirred up controversy with his recent comments targeting South Korea’s trade practices. In a bold statement, Trump highlighted that South Korea imposes higher tariffs on American products compared to China, raising concerns about the fairness of trade relations between […]
China says US curbs will harm global semiconductor industry
China Warns US: Pressure Tactics on Semiconductors Could Backfire Amidst the ongoing tensions between the United States and China, a new battleground has emerged in the form of the global semiconductor industry. Beijing has issued a stark warning to Washington, cautioning that the US’s pressure tactics on chips could have far-reaching consequences that may ultimately […]
Trump orders review of tariffs over digital service taxes
Trump Orders Review of Tariffs Over Digital Service Taxes In a move that could potentially shake up international trade relations, President Trump has ordered a review of tariffs on imports from countries such as France, Canada, and several others. The reason behind this review is the implementation of digital service taxes by these nations, which […]
EU’s Ribera criticises Trump’s disruption of transatlantic relations
EU’s Ribera Calls for Regulatory Consistency Amid Rising Tensions with the US The transatlantic relationship between the European Union and the United States has long been a cornerstone of global stability and prosperity. However, recent years have seen increasing tensions between the two economic powerhouses, largely due to the disruptive policies of the Trump administration. […]
Brazil denies reports of tech tax in response to US tariffs
Brazil Denies Reports of Tech Tax in Response to US Tariffs Brazil’s tech industry breathed a sigh of relief as the government officially denied reports of imposing a tech tax in response to US tariffs. The speculations were put to rest by Fernando Haddad, who emphasized that the government would only act based on concrete […]
Sberbank to collaborate with China on AI projects
Sberbank and China Join Forces to Advance Cost-Effective AI Solutions Amid Geopolitical Tensions In a bold move that could potentially reshape the landscape of artificial intelligence (AI) development, Sberbank, Russia’s largest bank, has announced a groundbreaking collaboration with China. The partnership aims to advance the development of cost-effective AI solutions, a crucial step in the […]