The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, stated this Wednesday that the steady rise in public debt in the U.S. remains concerning and will reach 140% of GDP by the end of 2030, according to the institution’s Article IV report. The official noted that the preliminary report, released February 26 following… Continue reading IMF Warns of Concerning Growth in U.S. Public Debt
Tag: U.S. tariffs
China “Evaluates” Impact of U.S. Supreme Court Ruling on Trump Tariffs
Beijing is “evaluating” the content and impact of the U.S. Supreme Court ruling on the global tariffs imposed by the Trump administration, according to China’s Ministry of Commerce. The governmental body issued a communiqué reiterating its opposition to unilateral measures while criticizing protectionist policies. “A trade war has no winners”, it stressed. RELATED: China Reaffirms… Continue reading China “Evaluates” Impact of U.S. Supreme Court Ruling on Trump Tariffs
APEC Summit Concludes with Declaration Urging Expanded Trade Amid AI and Demographic Challenges
The Asia-Pacific Economic Cooperation (APEC) summit concluded on Saturday with the adoption of a declaration calling for expanded trade and cooperation, focusing on the challenges posed by artificial intelligence and demographic change. The meeting was marked by a temporary easing of tensions in the ongoing tariff dispute initiated by the Trump administration between the United… Continue reading APEC Summit Concludes with Declaration Urging Expanded Trade Amid AI and Demographic Challenges
U.S. Senate Moves to End Trump-Imposed Tariffs on Brazil; House Vote Awaits
The U.S. Senate voted on Tuesday to revoke the tariffs imposed by President Donald Trump’s administration on Brazil. The measure must now pass the House of Representatives for approval. RELATED: Bolsonaro’s defense appeals his 27-year sentence for attempted coup d’état The vote in the upper chamber was 52–48 in favor of removing the 50% tariff… Continue reading U.S. Senate Moves to End Trump-Imposed Tariffs on Brazil; House Vote Awaits
ASEAN and China Expand Free Trade Agreement Amid U.S. Tariff Pressures
The Association of Southeast Asian Nations (ASEAN) and China expanded their free trade agreement on Tuesday during the bloc’s summit in Kuala Lumpur, marking the culmination of a year of negotiations. The move comes as both sides look to diversify their economic ties and strengthen partnerships amid U.S. tariff pressures. RELATED: China highlights the leading… Continue reading ASEAN and China Expand Free Trade Agreement Amid U.S. Tariff Pressures
Trump to Unveil New Tariffs Against Colombia
U.S. President Donald Trump announced that he will unveil new tariffs against Colombia on Monday. This move follows his decision to suspend financial aid to the South American nation, which he framed as retaliation for what he called the Colombian government’s failure to combat drug trafficking. RELATED: President Petro Calls for Investigation Into U.S. Strike… Continue reading Trump to Unveil New Tariffs Against Colombia
U.S. Treasury Chief to Meet Chinese Vice Premier Amid Soaring Trade Tensions
U.S. Treasury Secretary Scott Bessent announced on Friday that he will meet next week with Chinese Vice Premier He Lifeng, after the two held a phone call to discuss economic relations between both countries amid rising trade tensions. RELATED: The Escalation of the US-China Trade War: An Ideological Conflict with Real Consequences “This evening, Vice… Continue reading U.S. Treasury Chief to Meet Chinese Vice Premier Amid Soaring Trade Tensions
Chinese President Xi to Participate in BRICS Virtual Meeting
China confirmed on Monday the participation of its president, Xi Jinping, in an extraordinary virtual summit of the BRICS group scheduled for today, September 8. RELATED: India and Russia Are Moving Closer to China, Trump Acknowledges “The BRICS group seeks to promote cooperation and solidarity among emerging markets and developing countries to defend justice and… Continue reading Chinese President Xi to Participate in BRICS Virtual Meeting
Brazil Launches Consultation Process to Counter U.S. Tariffs
Brazil has launched a formal consultation process in response to a 50 percent U.S. tariff, signaling potential reciprocal measures while emphasizing dialogue.
India Unveils Dual Economic Strategy to Tackle 50% U.S. Tariffs
The Indian government has outlined a strategy based on the resilience of its domestic demand, active diversification of its export markets, and the protection of its businesses, in its first economic assessment following the implementation of U.S. tariffs. RELATED: Russia and India Defend Energy Ties Amid U.S. Tariff War The Ministry of Finance’s July Monthly… Continue reading India Unveils Dual Economic Strategy to Tackle 50% U.S. Tariffs
