Canadian exports to the United States are beginning to decrease in light of the trade war. Statistics Canada announced that exports to the United States, Canada’s largest trading partner, declined 6.6% during the first month of tariffs while imports from the United States fell 2.9%. March 2025 was the second-highest recorded monthly increase in non-US […]
The minerals deal was enough to entice President Donald Trump to cave, siding with Kiev and permitting the first US sale of military equipment to Ukraine since taking office. Trump has been extremely critical of Zelensky since the war began, consistently warning Zelensky that he has blood on his hands and must end the war. […]
Russia-North Korean relations are stronger than ever. Russia has begun construction on a 4.7-kilometer bridge across the Tumen River that will connect the two nations. Russia’s Prime Minister, Mikhail Mishustin, announced that the project will facilitate trade and tourism and reduce transportation costs. “This is truly a milestone for Russian-Korean relations,” Mishustin said during a […]
Supply chain constraints have begun as a result of companies wishing to avoid US-implemented tariffs. Germany-based DHL has suspended all business-to-consumer (B2C) shipments exceeding $800. The logistics company cited “multi-day transit delays” as its main reason for ceasing services. Business-to-business shipments are expected to experience delays, and packages valued below $800 will remain unaffected. DHL […]
Nancy Pelosi strongly supported tariffs before Donald Trump came into the picture. Trump is accomplishing what Pelosi dreamed of achieving nearly three decades ago. In 1996, on the House floor, Representative Nancy Pelosi (D-CA) gave a speech highlighting America’s trade imbalance with China. “How far does China have to go? How much more repression? How […]
China is the world’s largest car producer and exporter. A little-known fact is that China first became the world’s largest car exporter back in 2023, with low-cost EV companies BYD and Chery in the spotlight. The nation’s auto sector has been steadily expanding since then, with Chinese brands reaching an all-time high of 69.4% of […]
European Union leader Ursula von der Leyen has proposed a zero-for-zero-tariff deal with the United States after the EU was hit with a 25% tariff on steel and aluminum, followed by another 20% levy. The 27-nation bloc will be unable to agree on this proposal, especially since Donald Trump declared that a zero-for-zero deal is […]
China imposed a 34% retaliatory tariff on all US goods that will go into effect on April 10. Trump hit China with a 34% tariff in addition to the 20% levy implemented earlier in the year, marking up all Chinese exports by 54%. China is not taking matter lightly, and in addition to tariffs, has […]
How did the Trump Administration come up with these tariff rates? Why would a nation like Madagascar, for example, with a small economy, be hit with a 47% tariff? Reciprocal tariffs were determined based on America’s trade deficit with other nations. They took each nation’s trade surplus with the US by total exports and divided […]
Tariff concerns have heightened to such an extreme level that China and Japan are discussing deepening ties. Donald Trump may be awarded a Nobel Peace Prize for that one. Japan and China, along with South Korea, held their first trade discussions in half a decade where they agreed to navigate US tariffs. One of the […]
