Fitch Ratings has sharply lowered its forecasts for world growth in response to the severe escalation in the global trade war, lowering world growth in 2025 by 0.4pp and China and US growth by 0.5pp, according to its its quarterly Global Economic Outlook.
In response to the joint statement issued by China and Vietnam, the ministry said it "strongly condemns and firmly refutes the Chinese Communist Party's authoritarian regime for continuing to spread rhetoric that internationally undermines Taiwan's sovereignty." It said that Taiwan's stance
The lawsuit argues that Trump lacks the authority to unilaterally impose tariffs through the International Economic Emergency Powers Act, creating immediate and irreparable harm to California.
"With God's grace over these past three months, we've had great three months, maybe the best three months ever for a president and the administration. There is a whole new respect for our country. Our country was not respected five, six months ago," Trump said.
Taiwan recorded 34 PLA aircraft, six PLAN vessels and two official ships operating around its territory on Thursday, as shared by Taiwan's Ministry of National Defence (MND).
The volume of world merchandise trade is expected to decline by 0.2 per cent in 2025 under current conditions, nearly three percentage points lower than what would have been expected under a "low tariff" baseline scenario, according to the WTO Secretariat's latest Global Trade Outlook and St
The US imposed sanctions on Wednesday on Shandong Shengxing Chemical Co., Ltd, a Chinese refinery, for buying over USD 1 billion worth of Iranian crude oil.
Amid ongoing trade tensions with the United States, Li Chenggang has been appointed as China's new international trade representative and vice minister of commerce.
Taiwan is cracking down on China's mislabeling practices, particularly the use of fake "Made in Taiwan" labels, amid ongoing discussions with the US regarding tariffs.
Indian stock indices closed handsomely higher Wednesday, amid global trade uncertainties that have emanated from Trump administration's reciprocal tariffs and Chinese counter tariffs.
The H20 was the most sophisticated artificial intelligence chip allowed for legal export to China, which was already under US national security-related restrictions on high-end semiconductor sales.