U.S. President Donald Trump is greeted by Prime Minister of Canada Mark Carney, as he arrives at the G7 leaders’ summit in Kananaskis, Alberta, Canada June 16, 2025. Stefan Rousseau | Via Reuters Canada has walked back on its digital services tax “in anticipation” of a mutually beneficial comprehensive trade arrangement with the United States,…
A close-up view of the illuminated red H&M logo in front of a display of women’s summer dresses and casual apparel at a retail store. Cheng Xin | Getty Images News | Getty Images Swedish clothing giant H&M on Thursday reported weaker-than-expected sales in the fiscal second quarter but pointed to an uptick in demand to…
Pakistan’s rice exports to China witnessed a remarkable 121% year-on-year increase in the first five months of 2025, signalling deeper trade ties and stronger agricultural cooperation under China-Pakistan Economic Corridor (CPEC), said Ghulam Qadir, Trade and Investment Counsellor at the Pakistani Embassy in China. Ghulam Qadir told China Economic Net that, as per data from…
A cargo ship cruises toward the Strait of Hormuz off the shores of Khasab in Oman on Jan. 15, 2011. Marwan Naamani | Afp | Getty Images BEIJING — The recent flare-up in Middle East tensions isn’t denting Chinese business optimism about opportunities in the region. Chinese shipments to Dubai’s logistics hub have risen by…
Oil prices surged and Asian markets traded lower on Monday on concerns of disruption to energy markets after US air strikes on Iran’s nuclear facilities. The dollar strengthened as traders assessed the weekend’s events, with Iran threatening US bases in the Middle East as fears grow of an escalating conflict in the volatile region. Iran…
Colorful display of All Star Converse sneakers in shoe store, Manhattan, New York. Lindsey Nicholson | Universal Images Group | Getty Images Would you be bothered if your coat was officially classified as a windbreaker or a raincoat, or your shoes as slippers? Probably not. Businesses do care though, as classifications under a preferred category…
Shipping container loads dock at Tokyo Bay. Japan is heavily reliant on exports (e.g., automobiles, electronics), faces risks from U.S. tariffs, especially on cars (a proposed 25% tariff during Trump’s first term was deferred but remains a concern). Higher tariffs could reduce Japan’s U.S. market access, increase consumer prices, and hurt GDP growth. However, Japan’s…
Pakistan and the United States have resolved to carry forward their negotiations through a constructive engagement to finalise the trade deal at the earliest, according to a statement released on Tuesday. Finance Minister Muhammad Aurangzeb held a virtual meeting with US Commerce Secretary Howard Lutnick on Monday (June 16) to discuss US reciprocal tariffs and…
U.S. President Donald Trump with British Prime Minister Keir Starmer in the Oval Office at the White House in Washington, D.C., U.S., on Feb. 27, 2025. Kevin Lamarque | Reuters The U.K. economy shrank sharply in April as global trade tariffs and domestic tax rises kicked in, data showed Thursday. The latest monthly growth figures…
Officials arrive at the entrance to Lancaster House for trade talks between US and China, in London, Britain, June 9, 2025. —Reuters Top US and Chinese officials were meeting in London on Monday to try and defuse a high-stakes trade dispute that has widened from tariffs to restrictions over rare earths, threatening a global supply…
