EU Parliament may suspend work on EU-US trade deal; Growing calls for EU use of EU’s ‘Anti-Coercion Instrument’; Emergency meeting called in Brussels
Tariffs
Latest in Tariffs
global trade
Global trade faces sharp rise in tariff measures, WTO report finds
Director-General warns protectionism is accelerating as new barriers affect more than US$2.6 trillion in imports, though members also expand efforts to ease trade flows
Donald Trump
Costco, America’s favourite wholesale store, sues Trump administration
It becomes the latest company to sue a federal agency over the president’s signature economic policy, seeking a refund of tariffs
Court
US appeals court rules most of President Trump’s tariffs are illegal
It has allowed the tariffs to remain until October 14 to give the Trump administration a chance to file an appeal with the Supreme Court
economic outlook
Erratic U.S. policy is undermining its global economic edge
Heavy reliance on executive orders, a weak fiscal position, and inflation uncertainty are dampening U.S. growth prospects, raising recession risks and opening the door for Europe and Asia to reclaim economic momentum
HSBC
UAE businesses confident of international trade growth despite tariff woes
Businesses in the UAE remain optimistic of trade opportunities despite increased costs
Donald Trump
Analysis: Will Gulf economies feel the heat from Trump’s tariffs?
Regional analysts predict limited direct effects but warn of broader economic fallout if global slowdown hits oil demand
Aluminium tariffs
How US tariffs could impact GCC banks and economy
Fitch Ratings analysis looks at potential impact of US tariffs on GCC banks and economy
Donald Trump
Trump exempts smartphones, computers from new tariffs
The exclusions cover 20 product categories, including the comprehensive 8471 code for computers, laptops, disc drives and automatic data processing
Donald Trump
Experts predict short-term change in UAE property market as a result of Trump tariffs
The UAE and other regional markets to gain in the supply chain sector as suppliers seek alternative markets, following Trump’s tariffs
Donald Trump
World leaders condemn Trump’s ‘Liberation Day’ tariffs as diplomatic row deepens
Governments worldwide pledged retaliatory measures against President Trump’s new tariffs, setting the stage for what could become the largest global trade conflict since the aftermath of WWII
Donald Trump
EXPLAINER: How Trump’s ‘reciprocal’ tariffs work and what they mean for global trade
Trump argues that decades of “unfair” trade practices have hollowed out American manufacturing, undermined critical supply chains, and rendered U.S. defence industries dependent on foreign adversaries
Donald Trump
Trump imposes sweeping tariffs in major escalation of global trade war
‘It’s our declaration of economic independence,’ says Trump
Donald Trump
Crypto and capital markets braced for potential bloodbath ahead of ‘Liberation Day’ tariffs
Additional tariffs could push US economic uncertainty index to record levels, surpassing 2008 financial crisis and April 2020 pandemic high
China
China reassures Apple, Pfizer, Cargill, and others on business opportunities amid geopolitical tensions
China seeks to maintain foreign investor confidence as Vice Premier He Lifeng meets corporate leaders to promote economic resilience and growth
Aluminium
UAE’s EGA said to delay IPO over US aluminium tariffs
Emirates Global Aluminium produces about 4 percent of the metal globally, exporting about 90 percent of its output
A.P. Moller-Maersk A/S
Tariffs will hurt US more than rest of world, says Maersk CEO
Tariffs could slow US trade growth, according to Soren Skouof, CEO of A.P. Moller-Maersk A/S
