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Global Trade & Economics: Page 90

U.K. Gets Temporary Reprieve from 50% Tariffs
Trump said in the order that the U.K. needed "different treatment" because of the U.S.-U.K. Economic Prosperity Deal (EPD) signed on May 8.
Photo: Bloomberg
U.S. Manufacturing, Imports in Slump
The manufacturing sector has been in contraction for most of the past two years.
Photo: iStock / DSCimage
U.S. Retailers Look to Steer Sourcing Away from China
Target Chief Commercial Officer Rick Gomez said that the retailer has reduced the share of products it sources from China from 60% in 2017, to 30% today.
A shopper leaves a Target store in New York. Photographer: Michael Nagle/Bloomberg
Logistics Industry Fights Through 'Fog of Global Commerce'
The logistics industry in 2024 returned to pre-pandemic levels in certain areas, but also dealt with flat business volumes, excess truck capacity and rising operation costs.
Photo: iStock / Angelica Zander
OECD Downgrades Worldwide Economic Growth Forecast
The intergovernmental organization, which advises governments on economic policies, warned that "weakened economic prospects will be felt around the world, with almost no exception."
Image: iStock/libre de droit
Report: Geopolitical Uncertainty Causes Dip in Business Optimism
In the U.S., business optimism dipped by more than 3%, while greater declines were seen in Mexico and South Korea.
Photo: iStock / jonathanfilskov-photography
Canada Premiers Pitch Carney on New Pipelines, Ports and Mines
The meeting was a first step toward Carney fulfilling his campaign promise to reduce Canada’s overwhelming reliance on the U.S. as an export market.
The Port of Prince Rupert in Prince Rupert, British Columbia. One project being pitched by premiers is an economic corridor running from the western port to Churchill, Manitoba. Photo: Ben Nelms/Bloomberg
Trump Set to Double U.S. Steel and Aluminum Tariffs
Trump said that U.S. steel and aluminum tariffs will increase starting on June 4, in what he labeled as a "jolt" to domestic manufacturing.
Photo: iStock / AlexLMX
Report Says Trump Has Taken “Wrecking Ball” to Labor Rights
The 2025 Global Rights Index, released by the largest trade union federation in the world, noted workers’ rights and democracy around the world are often under attack.
Photo: iStock/GgWink
Australia Says U.S. Not Making Demands Over Chinese-Owned Port
China is Australia’s biggest trading partner by far and previously expressed anger over pressure from the Trump administration concerning the Panama Canal.
Richard Marles at the IISS Shangri-La Dialogue on May 31. Photo: Ore Huiying / Bloomberg
Report: Leather Supply Chains Face 'Persistent' Human Rights Issues
The FLA identified a troubling lack of supply chain transparency for farms, slaughterhouses and tanneries, with low visibility into working conditions and product traceability.
Photo: iStock / Biggereye
Watch: Commerce Department Launches New Investigations of Key Imports
Lee Smith of the law firm of Baker Donelson details seven new categories of imports that have come under investigation by the U.S. Commerce Department.
Commerce Department Launches New Investigations Of Key Imports
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