trade

Deal or Tariffs? The World Under Trump’s Trade Rule

On August 7, the Trump administration is touting a major win: its vision for global trade has taken root, driven by tweets, tariff threats, and real-world results. Under the “America First” banner, a new wave of trade agreements is redrawing the commercial map between the US and the rest of the world. From compliant partners to the Trump Tower ...

Israel to Partially Reopen Gaza Private Goods Trade

Israel will partially reopen private sector trade with Gaza to reduce its reliance on humanitarian aid, the defense ministry civil affairs agency for the Palestinian territories said Tuesday. "As part of formulating the mechanism, a limited number of local merchants were approved by the defense establishment, subject to several criteria and ...

Trump's Tariffs: What Has Changed and Who is Affected

A range of new tariffs due to take effect in one week were announced Thursday on most US trading partners, with separate sector specific duties -- on copper -- also being implemented. President Donald Trump unveiled an array of import levies that ranged as high as 41 percent on Syria and included a hike on Canadian imports from the current 25 ...

Trump Redefines Global Trade Relations with the European Union

By finalizing a major trade agreement with the European Union, US President Donald Trump marks a decisive turning point for the American economy. The strategic deal, announced last Sunday, significantly reshapes transatlantic economic relations while reinforcing the United States’ industrial, energy and geopolitical sovereignty. Touted by the ...

European Union Resigned to 15 Percent US Tariff

The United States and the European Union clinched a trade agreement on Sunday that will see EU exports taxed at 15 percent, in a bid to resolve a transatlantic tariff stand-off that threatened to explode into a full-blown trade war. US President Donald Trump emerged from a high-stakes meeting with European Commission President Ursula von der ...

Trump's First Five Trade Deals

Japan and the Philippines bring to five the number of countries that have concluded trade deals with the United States ahead of an August 1 deadline set by President Donald Trump to avoid punitive tariff rates. The agreed levies are often higher than the new base rate of 10 percent that the United States has applied to most countries since April ...

Lebanon: Exports on the Rise, Trade Deficit Worsens

According to data from the Higher Council of Customs, Lebanese exports rose by 21% between January and May 2025, reaching 1.5 billion dollars compared to 1.2 billion a year earlier. This increase reflects renewed competitiveness for “Made in Lebanon” products, which are seen as better suited to local purchasing power and more reliable in ...

EU Could Target 72 Bn Euros of US Goods If Tariff Talks Fail

The European Commission on Monday said it was putting forward a new list of US goods worth 72 billion euros ($84 billion) that could be targeted by EU levies if tariff talks with Washington fail. The bloc's trade chief, Commissioner Maros Sefcovic, announced the proposal, "accounting for some 72 billion euros' worth of US ...

EU Ministers Weigh Response to Latest Trump Tariff Threat

EU ministers on Monday will debate the bloc's approach to trade talks with the United States, as Brussels scrambles to head off 30-percent tariffs threatened by President Donald Trump. The US leader Trump threw months of painstaking negotiations into disarray on Saturday by announcing he would hammer the bloc with sweeping 30-percent tariffs if ...

EU 'Locked and Loaded' to Conclude Trade Deal with US

The EU said Friday it was ready to strike a deal with Washington to avoid swingeing tariffs, after US President Donald Trump sowed doubt over reaching an accord. "We remain on our side fully locked and loaded to conclude an agreement with the US," EU trade spokesman Olof Gill told reporters. "Let's see what happens when our friends in Washington ...

Where Do Trade Talks Stand in the Rush to Avert Higher US Tariffs?

US President Donald Trump has said he will send letters to select trade partners facing tariff hikes as early as Monday, piling pressure on countries to strike a deal with Washington before a new August 1 deadline. The White House announced sharp levies on dozens of economies in April, citing a lack of "reciprocity" in trade relations, which were ...

EU Strikes New Trade Deal with Ukraine Covering Farm Imports

The European Union said Monday it had agreed to a new long-term trade deal with Ukraine, covering imports of food products from the war-torn country that have angered EU farmers. "With this modernized agreement, we are securing trade flows from Ukraine to Europe and global markets," European Commission president Ursula von der Leyen ...