Mining consolidation to speed up as Chinese demand growth slows
Joint ventures and asset sales are expected to accelerate in the mining industry, which is ripe for consolidation due to the slowdown in manufacturing and…
ABB expects to pass on cost increases from new tariffs
Swiss engineering group ABB said on Thursday it is evaluating the implications of new import tariffs and expects to pass on higher costs that result…
Trump tariffs draw global promises of counter measures
Governments around the world pledged counter measures on the U.S. after President Donald Trump unveiled on Wednesday a new baseline 10% tariff on goods from…
Trump slaps tiny African kingdom with highest tariff of all
The tiny southern African kingdom of Lesotho has been hit with a 50% reciprocal trade tariff by U.S. President Donald Trump, the highest levy of…
World leaders react to Trump’s tariffs
President Donald Trump said he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of the…
Canada will impose counter measures on United States, says Carney
Canada will fight U.S. President Donald Trump's tariffs with countermeasures, Prime Minister Mark Carney said on Wednesday.
Mexico will not enter a tariff tit-for-tat with US, Sheinbaum says
Mexican President Claudia Sheinbaum said on Wednesday that Mexico doesn't plan to impose tit-for-tat tariffs on the United States, ahead of President Donald Trump's planned…
Trump administration adds beer, can imports to 25% US aluminum tariffs
The Trump administration on Wednesday said it was slapping a 25% tariff on all beer imports, adding the beverage and empty aluminum cans to a…
NRF forecasts 2025 retail sales to hit $5.42 trillion, despite economic uncertainty
The National Retail Federation today forecast that retail sales during 2025 will grow between 2.7% and 3.7% over 2024 to between $5.42 trillion and $5.48…
Adviser pushes back on Trump plan to boost domestic minerals production
A well-known adviser to the U.S. International Development Finance Corporation (DFC) is pushing back against a plan by President Donald Trump to use it to…
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