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A worsening US-Canada trade dispute could push up the cost of toilet paper and other paper products, as new tariffs threaten supply chains and raise raw-material costs.
China has condemned the United States' planned expansion of sanctions against Iran and its trading partners, warning that Beijing will take necessary steps to protect its interests amid rising tensions between Washington and Tehran.
Trade tensions between the United States and Canada are escalating after talks collapsed, with new 50% US tariffs on about $20 billion of Canadian goods and retaliatory duties from Ottawa expected to put pressure on businesses and consumers.
The Trump administration has launched an “economic D-Day” campaign aimed at isolating Iran from the global economy, putting pressure on major trading partners including China, the UAE, Turkey, Iraq and India.
India will host the BRICS summit in New Delhi on September 12-13 as divisions between Iran and the UAE, the Iran war and China-India ties test the expanded bloc's unity.
The India-EU Free Trade Agreement could significantly reshape bilateral commerce once ratified, with India set to lower tariffs on most EU goods while Indian exporters gain wider access to the European market.
US President Donald Trump has signed an executive order seeking to rename Lake Ontario as “Lake America,” escalating tensions with Canada amid a worsening trade dispute and new US tariffs.
China, Russia and Kazakhstan are exploring the revival of the Ob-Irtysh waterway as a potential Arctic trade corridor, but shallow waters, ice, infrastructure costs and competing water demands remain major hurdles.
The US Federal Reserve raised its benchmark interest rate by 25 basis points to 3.75%-4.00% on September 16, its first rate increase under Chair Kevin Warsh. Policymakers signalled that another hike could follow as inflation remains above the Fed’s 2% target.
The 26th SCO Summit begins in Bishkek with Prime Minister Narendra Modi, Vladimir Putin and Xi Jinping among the leaders attending. Security, counter-terrorism, trade, connectivity and energy are key issues on the agenda.
US Iran war LIVE updates: The IRGC has claimed that American naval forces “lack the courage to approach the Persian Gulf”, asserting that the Strait of Hormuz remains under complete Iranian control. This comes in response to Donald Trump saying that the US had “completely decimated” Iran's navy.
Brent crude climbed above $100 a barrel for the first time since July as attacks on Iranian tankers and Saudi energy facilities intensified fears of wider supply disruptions.
