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BRICS Trade Tariff

Trump Threatens Extra 10% BRICS Trade Tariff for Aligning with Policies

Trump Warns of 10% BRICS Trade Tariff for Policy Alignment: On July 7, President Donald Trump escalated his trade stance, announcing that any country perceived to “align with the anti‑American policies of BRICS” will be hit with an additional 10% tariff, effective August 1, unless trade deals are secured by July 9. White House Commerce Secretary Howard Lutnick […]

Diamond Tariff

U.S. Diamond Tariffs Spark Global Industry Turmoil Amid Luxury Market Slowdown

Global Impact of U.S. Diamond Tariff on the Industry: The international diamond sector has been rocked by the United States government’s plans to implement a 10% import tariff on polished diamonds in April 2025. China, the European Union, and India have been significantly affected by this import duty, which is an aspect of President Donald […]

Gulf States Navigate Economic Crossroads Amid U.S. Tariffs and Oil Price Volatility

The recent imposition of U.S. tariffs has thrust the oil-rich Gulf Cooperation Council (GCC) countries—comprising Saudi Arabia, the United Arab Emirates (UAE), Qatar, Bahrain, Kuwait, and Oman—into a complex economic landscape. While these nations have historically benefited from robust oil exports, the current global trade tensions present both opportunities and challenges. Tariffs and Their Immediate […]

Asia-Pacific Markets Rise as Investors Weigh China’s GDP and Inflation Targets

Asia-Pacific markets mostly climbed on Wednesday as investors assessed China’s GDP and inflation targets amid rising global trade tensions and U.S. tariffs. China announced a 2025 GDP growth target of around 5% and lowered its inflation forecast to “about 2%,” signaling cautious optimism in the face of economic challenges. Australia’s S&P/ASX 200 fell 0.77%, despite […]

Gold Steady Amid Tariff Uncertainty; Copper Rises on Chilean Supply Disruptions

Gold prices remained steady on Wednesday, stabilizing after recent record highs, as investors weighed uncertainties surrounding potential U.S. trade tariffs and signs of a slowing economy. Spot gold held at $2,916.06 per ounce, while April gold futures edged up 0.4% to $2,929.74 per ounce. The precious metal had previously reached an all-time high of $2,956.37 […]

how tariffs work

Asian Economies Respond to Trump’s 25% Steel and Aluminum Tariffs

Asian Economies Respond to U.S. Tariff Policies: Many Asian economies are making initiatives to lessen possible financial consequences in reaction to President Donald Trump’s unexpected announcement of a 25% tariff on imports of steel and aluminum. It is crucial to see how tariffs work actually in order to comprehend the effects they increase the price […]

Gold Prices Reach All-Time High Amid Escalating Tariff Concerns

On January 31, 2025, gold prices surged to a record high, with spot gold maintaining a steady level at $2,793.84 per ounce and peaking at $2,799.71 earlier in the session. This increase is attributed to mounting concerns over U.S. tariffs, particularly President Donald Trump’s announcement of a 25% tariff on imports from Mexico and Canada. […]

Oil Prices Climb on U.S. Tariff Threat Despite Weekly Decline

Market Reaction to Tariff Risks Oil prices rose on Friday as traders assessed the potential impact of U.S. President Donald Trump’s proposed tariffs on Canada and Mexico, key crude suppliers to the U.S. Brent crude futures for March gained $0.61 to $77.48 per barrel, while the April contract rose by $0.48 to $76.37. U.S. WTI […]