Global Economy | Page 7 | The Business Standard

Cranes and shipping containers are seen at Pyeongtaek port in Pyeongtaek, South Korea, April 2, 2025. Photo: REUTERS/Kim Hong-Ji/File photo

Asia

South Korea to minimise impact of 50% tariff on steel products

US President Donald Trump said on Friday he planned to increase tariffs on imported steel and aluminum to 50% from 25% starting Wednesday, ratcheting up pressure on global steel producers and...

Components made at a factory are pictured in Higashiosaka, Japan June 23, 2022. Photo: REUTERS/Sakura Murakami/File Photo

China

Asia's factory activity shrinks in May as US tariffs bite

Global Economy

OPEC+ oil producers stick to their guns with another big hike for July

European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019/ Reuters

Europe

EU threatens countermeasures over Trump's steel tariffs hike

US President Donald Trump delivers remarks at US Steel Corporation–Irvin Works in West Mifflin, Pennsylvania, US, May 30, 2025. Photo: REUTERS/Leah Millis

USA

Trump hails Nippon Steel as 'great partner' as deal awaits approval

US President Donald Trump speaks during a roundtable discussion in Doha, Qatar, 15 May 2025. Photo: Reuters

USA

Trump says Pakistani representatives coming to US next week for trade talks

A US flag flutters near shipping containers as a ship is unloaded at the Port of Los Angeles, in San Pedro, California, US, on 1 May 2025. Reuters/Mike Blake/File Photo

Global Economy

Trump tariff push given new twist by court setback

A drone view shows electric vehicles (EV) for export and containers sitting at a port in Shanghai, China April 13, 2025. Photo: China Daily via REUTERS

Global Economy

All of Trump's tariffs and threatened trade actions

Ukrainian lawmakers discuss ratifying the deal with the United States about mineral resources during a session of parliament, amid Russia's attack on Ukraine, in Kyiv, Ukraine May 8, 2025. Photo: REUTERS/Andrii Nesterenko/File Photo

Europe

Ukraine revamps minerals sector, eyes billions in investment from US deal

Harvested wheat is loaded onto a truck in preparation for transport near Moree, Australia, October 27, 2020. Picture taken October 27, 2020. Photo: REUTERS/Jonathan Barrett/File Photo

World+Biz

Weak Chinese demand leaves Australia with too much wheat

An electronic board shows Shanghai and Shenzhen stock indices as people walk on a pedestrian bridge at the Lujiazui financial district in Shanghai, China April 11, 2025. Photo: REUTERS/Go Nakamura/File Photo

Global Economy

Shares mixed, dollar struggles on Trump's chaotic tariffs

Global Economy

Oil falls as higher OPEC+ output expectations weigh on sentiment

European Central Bank (ECB) President Christine Lagarde speaks to the media following the Governing Council's monthly monetary policy meeting in Frankfurt, Germany, March 6, 2025. Photo: REUTERS/Jana Rodenbusch/File Photo

Europe

Euro could become the dollar's alternative: ECB President