Trade – Page 2 – TheBuzz24

Business, Politics, Stocks, Trade

Senator Proposes Bill to Rein in Presidential Tariff Authority

Senator Ron Wyden has introduced new legislation aimed at curbing the broad tariff powers currently held by the President. The proposed bill, titled the Congressional Trade Powers Reform Act of 2026, seeks to reassert congressional authority over international trade policy, a move Wyden argues is necessary to prevent unilateral economic decisions. Wyden, a prominent Democrat […]

Business, Economy, Stocks, Trade

Japan’s June Exports and Imports Surge to Multi-Year Highs Amid Weak Yen and AI Boom

Japan experienced its most rapid expansion in both exports and imports since late 2022 during the month of June, surpassing market projections. Driven heavily by the ongoing global artificial intelligence boom and a persistently weak domestic currency, exports climbed 19.3% compared to the previous year, outpacing the 16.8% increase recorded in May and beating consensus […]

Business, Policies, Stocks, Trade

Trump Unveils Aggressive Tariff Plan for Imported Generic Drugs, Aiming to Reshore U.S. Production

Former President Donald Trump has announced a significant policy shift concerning imported generic drugs, proposing a phased tariff structure designed to incentivize domestic manufacturing. Under the proposed plan, imported generic medications will initially face no tariffs for a two-year period beginning August 1. However, this grace period will be followed by a substantial 100% tariff […]

Business, Economy, Stocks, Trade

Trump Administration Signals Imminent Expansion of Global Tariff Regime

The U.S. trade agenda is poised for a significant shift as the administration prepares a new wave of import levies. U.S. Trade Representative Jamieson Greer confirmed that officials are finalizing plans for additional tariffs, signaling a strategic pivot toward more durable legal frameworks to sustain the president’s protectionist trade policy. This move follows the expiration […]

Business, Economy, Stocks, Trade

U.S. Imposes 50% Tariffs on Canadian Imports Citing Trade Discrimination

The United States government has announced the implementation of 50% tariffs on a diverse array of Canadian goods, citing ongoing trade discrimination against American industries. President Donald Trump formalized this move on Monday by signing three separate proclamations that target specific sectors, including motor vehicles, dairy products, and alcohol. These measures are being enacted under […]

Business, Economy, Trade, World News

U.S. Imposes Sweeping 50% Tariff on Canadian Imports Amid Trade Standoff

President Donald Trump has announced a significant escalation in trade tensions with Canada, signing executive orders to impose a 50% tariff on a broad spectrum of imported goods. The new duties, which are set to take effect within 30 days, target a wide array of products ranging from consumer goods like wine and sporting equipment […]

Trade, War, World News

Escalating Black Sea Attacks: Deadly Strike on Cargo Ship Sparks International Concern

A targeted Russian cruise missile strike on a Guinea-Bissau-flagged cargo vessel, the Golden Leo, has resulted in the deaths of 10 individuals off the coast of Odesa. The incident, which occurred this past Sunday, marks the deadliest attack on a merchant ship since the onset of the conflict. Among the deceased were four Indian nationals, […]

Energy, Trade, World News

Houthis Declare Maritime Embargo on Saudi Arabia, Threatening Red Sea Trade Routes

The Houthi movement has announced an immediate maritime embargo targeting Saudi Arabian vessels, marking a significant escalation in the long-standing conflict between the group and the kingdom. Military spokespeople for the Houthis stated that the move is a direct retaliation for what they describe as a long-term blockade of ports and airports in northern Yemen. […]

Africa, Trade, World News

Somali Pirates Strike Again: Tanker Hijacked in the Gulf of Aden Signals Resurgent Maritime Threat

A Tanzanian-flagged commercial tanker, the MT Asana, has been hijacked by armed Somali pirates in the Gulf of Aden, marking a troubling escalation in maritime insecurity off the coast of Yemen. The vessel was boarded by seven gunmen approximately 65 nautical miles off the Yemeni coast while en route to the port of Bosaso in […]

Business, Economy, Stocks, Trade

Air China and Shenzhen Airlines Secure Major Fleet Expansion with 55-Jet Airbus Order

Air China and its subsidiary, Shenzhen Airlines, have finalized a significant agreement to acquire 55 new aircraft from Airbus. The deal, which carries a combined list price of $12.4 billion, represents a strategic move by the Chinese flag carrier to modernize its fleet and bolster operational capacity as the aviation sector continues its post-pandemic recovery. […]