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July 14, 2025

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Global economy

Lobbyists linked to Donald Trump paid millions by world’s poorest countries

Somalia, DR Congo and Yemen among states forced to sign deals and barter their minerals for aid or military supportSome of the world’s poorest countries have started paying millions to lobbyists linked to Donald Trump to try to offset US cuts to foreig…

July 10, 2025
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Trump threatens to escalate trade war amid confusion over new tariff rates

US president announces tariffs of up to 200% on foreign drugs and 50% on copper as he continues to shift plansDonald Trump vowed to further escalate his trade wars on Tuesday, threatening US tariffs of up to 200% on foreign drugs and 50% on copper, ami…

July 8, 2025
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Is Trump tariff deal really a win for Vietnam – or a way of punishing China?

US exports account for third of Vietnam’s GDP and 40% tariff on so-called transshipments – products with Chinese input – means uncertainty for manufacturersAs news spread that Vietnam would become just the second nation to reach an initial tariff agree…

July 7, 2025
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EU leaders race to secure a deal as deadline looms in Trump trade talks

There are just two days of talks left before the US president’s potentially swingeing tariffs are restoredThe EU is entering a crunch week with only two days of talks left to secure a trade deal with Washinton to avert Donald Trump’s threatened 50% tar…

July 6, 2025
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EU may as well be ‘province of China’ due to reliance on imports, says industrialist

Stefan Scherer, boss of AMG Lithium, says Europe must become more self-sufficient in critical raw materials and new technologiesThe EU may as well “apply to be a province of China” such is its inability to wean itself off that country’s supply of criti…

July 2, 2025
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White House says Canadian PM ‘caved’ to Trump demand to scrap tech tax

Trump officials hail U-turn as Mark Carney says decision to rescind digital services tax means revival of trade talksThe United States has said that Canada’s prime minister Mark Carney “caved” to demands from the White House after his government abrupt…

June 30, 2025
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Rising poverty in conflict zones ‘causes a billion people to go hungry’

In first assessment since pandemic in 2020, World Bank urges other countries to step up supportExtreme poverty is accelerating in 39 countries affected by war and conflict, leaving more than a billion people to go hungry, according to the World Bank.Ci…

June 27, 2025
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EU retaliation against Trump drug tariffs would be bad idea, says industry

European pharmaceutical body says it would be ‘negative for both sides’ if Brussels hits back on threatened US leviesThe European pharmaceutical industry has urged Brussels not to retaliate if Donald Trump brings in threatened tariffs on imported drugs…

June 27, 2025
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US reaches deal with China to speed up rare-earth shipments, White House says

China confirms details amid efforts to end trade war but reiterates it will continue to approve export permitsThe US has reached an agreement with China to speed up rare-earth shipments into America, officials confirmed on Friday. The news sent US stoc…

June 27, 2025
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EU ready for trade deal with US but ‘all options on the table’, says von der Leyen

European Commission president says EU will ‘defend the European interest as needed’ as Trump threatens 50% steel tariffsThe European Commission president, Ursula von der Leyen, has said the EU is ready for a trade deal with Donald Trump, but “all optio…

June 26, 2025
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