A coalition of U.S. companies has filed a new lawsuit against Trump’s 15 percent tariffs, expanding a legal dispute over presidential powers in trade policy.

Washington enforces a 10 percent global tariff for 150 days after the Supreme Court invalidated key elements of Trump’s trade policy.

South Korea’s President Lee Jae-myung opened the APEC summit warning of growing turbulence in global trade, as China’s Xi Jinping urged greater cooperation and a more inclusive globalization model.

The US has sanctioned Iran and nine other countries over alleged cooperation with Russia, targeting dozens of companies accused of re-exporting US goods. Iran rejects the claims, insisting it has no role in the Ukraine war.

Ministers will discuss issues such as reforming the WTO and equal conditions of access to third markets. On Tuesday, the Group of Seven (G7) trade meeting kicked off in Italy, with talks among G7 ministers expected to address tensions that risk jeopardizing global trade and sustainable and inclusive growth. RELATED: G7 Summit Ends in Quarrels […]

On Sunday, a new UN Economic Commission for Africa (UNECA) report said that the African share of global trade remained at less than 3 percent as African countries continue to trade with the rest of the world more than among themselves. RELATED: UNECA: Natural Disasters Affect + 407 Mln People in Africa The report on […]