Tag: global trade

• Wednesday, February 12th 2025 - 10:55 UTC

  Brazil’s Finance Minister: Trump's tariffs damage global trade

  

  Brazil's Finance Minister Fernando Haddad stressed Tuesday that US President Donald Trump's decision to impose 25% tariffs on steel and aluminum imports was “counterproductive” to the global economy. “The global economy loses with this, with this retraction, with this de-globalization that is happening,” he added.

• Tuesday, July 20th 2021 - 09:25 UTC

  Patagonia lawmakers call for an end to export duties on fisheries produce, fruit, lamb and wool

  

  Argentina lawmaker from the province of Chubut, Gustavo Menna has called on the central government to eliminate export duties on fishery products, fruits, ovine meat and wool. The initiative was also drafted by lawmakers Lorena Matzen and Roxana Reyes from the provinces of Rio Negro and Santa Cruz.

• Wednesday, June 9th 2021 - 09:20 UTC

  Maersk encouraged by the boom in global trade and container business

  

  The growth of China’s exports to the United States is expected to boost global trade in 2021, according to Moller-Maersk. The logistics company predicts that global container trade is expected to increase between 5% and 7% in 2021 as consumers shift their demands, prioritizing the purchase of consumer goods over services.

• Friday, October 30th 2020 - 08:34 UTC

  US rejects Nigerian candidate as next WTO director-general, further paralyzing the global trade watchdog

  

  The World Trade Organization's (WTO) bid to select a new leader was plunged into uncertainty this Wednesday after the United States rejected the Nigerian woman proposed as the global trade watchdog's next director-general.

• Thursday, April 9th 2020 - 09:17 UTC

  Global trade expected to plummet this year, says World Trade Organization

  

  Global trade growth is expected to plummet by up to a third in 2020 due to the coronavirus pandemic, the World Trade Organization said on Wednesday, warning that the numbers would be “ugly”.

• Tuesday, November 19th 2019 - 06:38 UTC

  Global trade forecasted to remain “below trend” in fourth quarter, WTO

  

  The World Trade Organization said on Monday that growth in global goods trade is expected to remain “below trend” in the fourth quarter amid tensions and rising tariffs in key sectors.

• Tuesday, November 5th 2019 - 09:36 UTC

  Xi calls on the world “to tear down the walls” of protectionism and unilateralism

  

  President Xi Jinping on Tuesday pledged to further open China's economy, declaring the world must “tear down walls” as he opened an annual trade fair in Shanghai.

• Tuesday, October 22nd 2019 - 12:12 UTC

  How has the US-China trade war affected forex?

  

  There are many factors that affect the value of currencies and influence the flow of foreign exchange, but few have a more significant impact than a trade war.

• Wednesday, October 9th 2019 - 09:45 UTC

  Global trade tensions have investment on hold and promote poverty, World Bank claims

  

  As global trade tensions persist, investments are put on hold and without that cash to boost economic growth, poverty could surge, the World Bank's chief economist warned Tuesday. Without growth “inevitably, people will struggle”, Pinelopi Koujianou Goldberg said in an interview.

• Monday, September 23rd 2019 - 13:20 UTC

  Experts predict that US-China trade war deal may be imminent

  

  Prominent Chinese economist Chen Wenling has recently advised that a trade deal between the United States and her home country may be imminent, marking the beginning of the end for the damaging conflict between these two nations.