U.S. President Donald Trump has ended trade talks with Canada after denouncing a political ad that used Ronald Reagan’s voice to criticise tariffs. The ad, produced by Ontario’s provincial government, reignited tensions between both countries as they negotiate new steel and aluminium trade terms. The controversy began when Ontario aired an ad using edited …
China did not import any soybeans from the United States in September, the first time since November 2018, as escalating trade tensions and high tariffs pushed buyers toward South American suppliers. According to data from China’s General Administration of Customs, imports from the U.S. fell to zero from 1.7 million metric tons in the same …
China’s economy expanded by 4.8% in the third quarter, its weakest pace in a year, as sluggish domestic demand left the country leaning heavily on exports to sustain growth. Analysts warn that this growing dependence on foreign markets amid a deepening trade dispute with the United States could threaten China’s economic stability in the medium …
American soybean farmers are facing one of their toughest seasons in decades after losing access to their biggest customer, China. Despite trade missions to Nigeria, Vietnam, and Bangladesh, these alternative markets have not come close to replacing Beijing’s enormous demand. For the first time in more than 20 years, Chinese buyers have not purchased soybeans …
China has accelerated purchases of Argentine soybeans, booking about 20 cargoes, or 1.3 million tons, since Buenos Aires scrapped export taxes earlier this week, traders said on Wednesday. The surge makes Argentine beans more competitive and continues to erode U.S. market share, already hit by tariffs from the ongoing U.S.-China trade war. Most of the …
By Esther Ososanya President Donald Trump’s steep new tariffs, some reaching 50%, hit U.S. trading partners with full force Thursday, triggering global fallout, defiant rhetoric, and scrambling negotiations from allies caught off guard. With duties now at their highest in a century, countries like Brazil, Switzerland, India, and Canada are reeling, while others race to …
By Esther Ososanya U.S. President Donald Trump has granted Mexico a crucial 90-day reprieve from sweeping new tariffs, offering a temporary lifeline for one of America’s biggest trading partners while ramping up pressure on other countries to strike last-minute deals ahead of a new trade deadline. The extension announced after a Thursday morning call between …
By Esther Ososanya U.S. President Donald Trump on Wednesday imposed a 25% tariff on all goods imported from India, effective August 1, citing the country’s “unfair trade barriers” and continued defence and energy ties with Russia. The announcement was made via a post on Trump’s Truth Social account, where he also warned of an additional, …
