Although Britain is scheduled to depart from the EU on March 29, what will happen on that day is still unclear. This is a significant issue for British businesses since they routinely import and export materials and goods from the… Read More ›
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Britain’s Competition and Markets Authority to probe super complaint against consumers ‘rip off’
Britain’s Citizens Advice has lodged a super complaint against the country’s financial and telecom providers saying existing customers were being overcharged yearly to the tune of $5.2 billion. Following a complaint by Britain’s consumer body Citizens Advice that customers who… Read More ›
U.S. trade tariff’s unlikely to directly translate into more jobs
One of the more significant reasons why Trump’s tariffs will not translate into more U.S. jobs is that consumers are not willing to pay a premium for ‘Made in USA’ goods when goods of the same quality is available for… Read More ›
EU readies tariffs worth $20 billion on U.S. goods
In the event of negotiations going south, the EU has a backup plan. On Wednesday, EU trade commissioner Cecilia Malmstrom, told Swedish newspaper Dagens Nyheter that in the event the United States imposes trade tariffs on cars imported from the… Read More ›
Market sentiments turn bearish as Trump threatens imposition of new tariffs on Chinese goods worth $200 billion
The stock and the commodities market slipped lower on Wednesday as trade tensions between U.S. and China continued to escalate. On Wednesday, following renewed threats of tariffs on Chinese goods worth $200 billion by U.S. President Donald Trump, commodities and… Read More ›
U.S. aims to target Chinese goods $500 billion
U.S. efforts aimed at balancing its trade deficit with China, could significantly impact its strategic “Made in China 2025” policy. A reduction in Beijing’s global trade surplus is likely to have wide ranging cascading effects on its economy and its… Read More ›
Chinese yuan touches new low as trade tensions continues
According to Gao Qi, a FX strategist at Scotiabank, the yuan is likely to find strong support at 6.70 yuan per dollar. On Friday, the Chinese yuan touched a new low and was on course to perform its worst ever… Read More ›
China’s central bank injects $31 billion to ease domestic liquidity as trade war looms in the horizon
The unexpected move was explained to be part of a package of measures to counteract a potential fallout from the trade conflict. On Tuesday, China’s central bank, the People’s Bank of China (PBOC), lent $31 billion (200 billion) to financial… Read More ›
Australia and Peru negotiating terms of an ambitious free trade agreement
The development marks the first signs of trade deal in the Pacific region following the U.S. withdrawal from the TPP. Peru expects to sign a “very ambitious” free trade deal with Australia which is likely to cover goods, investments, and… Read More ›
Brexit – Irish economy hangs in the balance
During Brexit negotiations, Ireland could emerge as the UK’s Achilles heel. If physical border controls are placed, it could give rise to a resurgence of violent militant protests. According to Britain’s Northern Ireland minister, a post-Brexit trade deal with the… Read More ›
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