"China-US trade is 3% of world trade," said the director general of the World Trade Organization, Ngozi Okonjo-Iweala (pictured during the IC Forum at ETH Zurich, Switzerland, in February). "So when ...

The era of lower trade barriers and greater economic interdependence is waning, and President Donald Trump’s aggressive trade war is further stoking that trend. Economists at Wells Fargo recently ...

President Donald Trump unveiled sweeping 10% tariffs on all imports to the United States Wednesday. About 60 countries or trading blocs will see even higher rates in an escalating move that is poised ...

Sources: UN Digital Library, IMF World Economic Outlook and World Bank Note: 2022 GDP was used for Afghanistan, Lebanon and Sri Lanka. Sources: UN Digital Library, IMF World Economic Outlook and World ...

We may be on the cusp of an upheaval in global trade. Since World War II, the international trading system has operated on the premise of “most favored nation (MFN),” meaning that concessions granted ...

BRUSSELS — European trade ministers are meeting in Brussels on Monday, following U.S. President Donald Trump's surprise announcement of 30% tariffs on the European Union. The EU is America's biggest ...

Global trade is entering 'completely new territory,' says Maurice Obstfeld, a former IMF chief economist President-elect Donald Trump may try to use tariffs to increase U.S. power in the global ...

Treasury Secretary Scott Bessent signaled the Trump administration’s openness on Wednesday to extending President Donald Trump’s current 90-day tariff pause beyond July 9 for the United States’ top ...

Wells Fargo sketched out a hypothetical scenario where the world is divided into three trading blocs led by the U.S., China, and the EU. The era of lower trade barriers and greater economic ...