Non-oil exports soared 16 per cent in 2024, reaching AED107.8 billion compared to AED93 billion in 2023. Re-exports grew by 11 per cent to exceed AED58 billion, compared to AED52.4 billion in 2023, while imports grew by 3 per cent to AED140.2 billion, up from AED136.4 billion in 2023.
Chinese stocks nosedived sharply on Monday after Beijing slapped back at the US with retaliatory tariffs, sparking fears of a persistent trade war between two major economies.
India could see a decline of USD 5.76 billion or 6.41 per cent in exports to the United States (US) because of the tariffs, in 2025 says a research report by the Global Trade Research Initiative (GTRI).
US President Donald Trump made sharp remarks towards China as the US has implemented retaliatory tariffs with a goal of bridging the trade deficits with several countries. This has also impacted the stock markets.
Asian stock markets witnessed a major sell-off on Monday after U.S. President Donald Trump announced a new round of tariffs. The markets opened with heavy selling pressure, reflecting growing fears over the impact of the tariffs on global trade and economic growth.
US President Donald Trump defended his administration's implementation of reciprocal tariffs on various countries, emphasising the financial deficits the US faces with nations like China and the European Union and argued that tariffs are the only solution to these trade imbalances.
On April 2, Trump announced tariffs on countries worldwide. In February, soon after taking charge for the second time, Trump outlined a new trade policy focused on fairness and reciprocity and said that the US would implement reciprocal tariffs, charging other countries the same tariffs they
Kevin Hassett, Director of the White House Economic Council, defended the impact of President Donald Trump's tariffs on Sunday (local time) and said that while many countries are upset and retaliating, the tariffs have led to over 50 countries reaching out to the US to begin new trade negoti
Ho Chi Minh City [Vietnam], April 5: In today's unpredictable global trade landscape, international businesses are actively seeking stable, flexible, and cost-effective sourcing destinations. Amid shifting trade policies, increasing tariffs, and geopolitical tensions, Vietnam emerges as an i