He rejects Trump’s ultimatum as U.S. tariff hike on Brazil looms On Wednesday, The New York Times published an interview with President Lula da Silva, in which he stated that Brazil “will never negotiate as if it were a small country against a big one,” just two days before a 50% retaliatory tariff on Brazilian […]

The Stockholm meeting followed previous encounters in Geneva and London. On Tuesday, U.S. and Chinese representatives finished the second day of tariff negotiations in Stockholm, following an initial session the day before that lasted more than five hours, with no details disclosed. RELATED: Portugal Industries Face Heavy Blow From Incoming U.S. Tariffs The two delegations […]

The Textile and Clothing Association, however, credited the European Commission for averting a wider trade war. On Monday, Newspaperl Jornal de Noticias reported that industries in northern Portugal are particularly vulnerable to the new 15 percent U.S. tariffs on European imports, set to take effect in August. RELATED: The EU-U.S. Trade Deal is a Delusional […]

The EU pledged to purchase US$750 billion worth of energy and commit an additional US$600 billion in investments in the U.S. Bernd Lange, chair of the European Parliament’s Committee on International Trade, has sharply criticized a draft trade agreement between the European Union (EU) and the United States, warning that it could undermine the bloc’s […]

The EU agreed to buy US$750 billion worth of U.S. energy and invest an additional US$600 billion in military equipment. On Sunday, U.S. President Donald Trump said the United States and the European Union have reached a tariff agreement that includes a 15% duty on European products, as well as EU purchases of American energy […]

Bar associations and judges’ associations called for political differences to be set aside in order to defend Brazil’s sovereignty. On Friday, more than 250 Brazilian social organizations issued a manifesto in defense of national sovereignty in response to interference from U.S. President Donald Trump, who has threatened to sanction the country over what he claims […]

The EU’s largest economy is already feeling the pressure from rising trade tensions with the United States. Germany is signaling a shift in trade stance toward the United States, as U.S. President Donald Trump plans to slap 30 percent tariffs on a wide range of EU goods starting Aug. 1. Once a key advocate of […]

‘Uncertainty is the word that everyone uses,’ said Julia Hughes, president of the U.S. Fashion Industry Association. Ongoing tariff uncertainty is putting pressure on U.S. textile and apparel firms, as sourcing executives warn that the lack of clear trade rules is complicating supply chain planning, pricing strategies and diversification efforts. RELATED: Italian Industry Warns Trump’s […]

U.S. tariffs could cost Italy up to 0.8% of GDP, Confindustria warns. On Monday, Italy’s largest industrial association said that a proposed new round of tariffs by the United States could result in a 38-billion-euro (US$44.4 billion) loss in Italian exports and reduce the country’s gross domestic product (GDP) by 0.8 percent by 2027. RELATED: […]

In a situation of unjustifiable external aggression like this one, the Finance Ministry is preparing for all scenarios, Haddad said. On Monday, Brazilian Finance Minister Fernando Haddad announced that his country already has “contingency plans” in place in case negotiations with the United States fail and a 50% tariff on Brazilian imports takes effect on […]