international trade

A U.S. appeals court has temporarily stayed a decision by the U.S. Court of International Trade (CIT) that declared former President Donald Trump’s sweeping “Liberation Day” tariffs unconstitutional. On May 29, 2025, the three-judge panel of the Federal Circuit granted the federal government’s request for an immediate pause, allowing the contested duties to remain in effect while the case moves through the appellate process .

In a dramatic turn in the ongoing US-China trade tensions, former US President Donald Trump has claimed that Chinese President Xi Jinping reached out to him to discuss tariff-related negotiations. However, China’s Foreign Ministry has publicly denied any such communication or ongoing consultations, intensifying the diplomatic confusion and market uncertainty surrounding global trade dynamics.

As tensions mount over the looming threat of higher tariffs, Indian Prime Minister Narendra Modi and United States Vice-President JD Vance met in New Delhi this week to reaffirm both nations' commitment to an increasingly strategic and multifaceted partnership. Their discussions signaled progress in bilateral trade negotiations, even as the clock ticks on a 90-day tariff reprieve announced by U.S. President Donald Trump, set to expire on July 9.

Rachel Reeves will fly to Washington next week to meet her American counterpart for the first time, as the British government intensifies efforts to secure a UK-US trade deal.

In a stunning reversal that has sent shockwaves through global financial markets, US President Donald Trump announced a pause to the sweeping global tariffs he imposed just a week ago — except for China, where tariffs have been raised even higher. This latest development comes amid conflicting messages from the White House and senior officials, leaving world leaders and investors scrambling to make sense of what happens next.

United States President Donald Trump has flagged a significant shift in American pharmaceutical policy, announcing plans to introduce a “major tariff on pharmaceuticals” during a speech to Republican lawmakers. The policy, he said, aims to force multinational pharmaceutical companies to relocate their manufacturing operations to the United States—a move that could have global implications, particularly for close allies like Australia.

Britain’s Chief Secretar...

In the annals of baffling financial decisions, Donald Trump’s latest policy move may one day rival the most infamous. Historians may yet look past his double presidential victories and instead focus on a unique achievement: managing to bankrupt multiple casinos in the 1990s. A feat so improbable, it feels like the setup to a joke.