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President Donald Trump’s imposition of tariffs on steel and aluminum is poised to burden the US economy more than its intended targets. An analysis by the Kiel Institute for the World Economy (IfW) highlights that these tariffs, intended to pressure Europe, will primarily strain American industries. The increased import costs are expected to inflate production expenses and diminish the global competitiveness of US businesses. While the European Union might only see a slight GDP decline of 0...

The trade dispute between the European Union and the United States has intensified, with EU Trade Commissioner Maros Sefcovic criticizing the U.S. government for its unwillingness to negotiate. He warned that the EU would implement countermeasures to protect its interests if no compromise is reached. This tension follows President Trump's reintroduction of tariffs on steel and aluminum imports, which significantly impacts European manufacturers. While some U.S. industries welcome these tariffs..

President Donald Trump’s decision to impose hefty tariffs on imports from Canada, Mexico, and China has sent ripples through the global economy. These tariffs, which include a 25 percent tax on goods from Mexico and Canada, and a 20 percent increase on Chinese imports, have strained international trade relations and sparked fears of a prolonged trade war. The impact on financial markets was immediate and severe. Stock indices around the world have plummeted, with European stocks taking a nota..

The imposition of tariffs by the Trump administration has ignited a contentious debate regarding compliance with international trade laws. By imposing tariffs on key trade partners, including Canada and Mexico, the administration has breached agreements such as the World Trade Organization (WTO) regulations and the United States-Mexico-Canada Agreement (USMCA). Legal challenges persist, yet the WTO's dispute resolution system is effectively paralyzed, a consequence of blocked appointments by the..

Mexico is bracing for the U.S.'s intensified deportation policies under President Trump, preparing to offer support to returning nationals. Cities like Tijuana and Ciudad Juárez, heavily impacted by deportations, have declared states of emergency and established temporary shelters. The initiative 'México te abraza' aims to provide deportees with essential services such as food, shelter, and medical care. Over 4.4 million Mexicans have been deported from the U.S. in the past 15 years, with Obam..

President Claudia Sheinbaum of Mexico has unveiled a comprehensive strategy aimed at elevating the nation into the top ten global economies by 2030. Central to this plan are initiatives to enhance domestic production and create 1.5 million jobs in the manufacturing sector. She seeks to streamline bureaucracy to attract significant investments, targeting an increase to 28% of the GDP. Additionally, the strategy emphasizes reducing reliance on Chinese imports through the promotion of local indus..

Volkswagen (VW) is at a crossroads as it contemplates relocating production of its iconic Golf and potentially its ID.Buzz to Poland or Mexico. This move is driven by a pressing need to reduce costs amidst ongoing negotiations with labor unions regarding future investments and workforce reductions. The Hannover site faces significant uncertainty, as the relocation would further undermine its operations. As VW pivots towards electric mobility, the possibility of an electric variant, the ID.Golf,..