[ad_1] Insulin, heart treatments and antibiotics have flowed freely across many borders for decades, exempt from tariffs in a bid to make medicine affordable. But that could soon change. For months, President Trump has been promising to impose higher tariffs on pharmaceuticals as part of his plan to reorder the global trading system and bring … Read more
[ad_1] President Trump’s decision to move a step closer to imposing tariffs on imported medicines poses considerable political risk, because Americans could face higher prices and more shortages of critical drugs. The Trump administration filed a federal notice on Monday saying that it had begun an investigation into whether imports of medicines and pharmaceutical ingredients … Read more
[ad_1] President Trump came into office sounding as if he were eager to deal with President Xi Jinping of China on the range of issues dividing the world’s two biggest superpowers. He and his aides signaled that they wanted to resolve trade disputes and lower the temperature on Taiwan, curb fentanyl production and get to … Read more
[ad_1] As Canada barrels through one of the stormiest periods in its history toward an April 28 federal election, there’s a name that’s not on the ballot but is on people’s minds: Danielle Smith. Ms. Smith, the premier of Alberta, the Western province often called the Texas of Canada because of its oil, ranches and … Read more
[ad_1] Britain has watched President Trump’s tariffs with a mix of shock, fascination and queasy recognition. The country, after all, embarked on a similar experiment in economic isolationism when it voted to leave the European Union in 2016. Nearly nine years after the Brexit referendum, it is still reckoning with the costs. The lessons of … Read more
[ad_1] President Trump spared Russia from the tariffs he had imposed on 180 other nations in a bid to reshape global trade. But that did not exempt the country from the ensuing economic havoc. The price of oil, the lifeline of Russia’s economy and war machine, has fallen nearly 15 percent since Mr. Trump announced … Read more
[ad_1] As the United States and China barreled headfirst into full-fledged trade war this week, one of Beijing’s most fashionable shopping districts was still bustling. People browsed a high-end perfumery, lounged outside coffee shops and waited in a wraparound line for a trendy bakery. That is just the type of scene the Chinese government wants … Read more
[ad_1] A whopping increase in tariffs, followed by a whopping retaliation. Nationalist Chinese bloggers comparing President Trump’s levies to a declaration of war. China’s Foreign Ministry vowing that Beijing will “fight to the end.” For years, the world’s two biggest powers have flirted with the idea of an economic decoupling as tensions between them have … Read more
[ad_1] A mere month ago, luxury businesses were looking forward to a new era of deregulation, lower taxes and a booming stock market — and dreaming of well-heeled buyers splurging on opulent ball gowns and statement watches. Instead, as the Trump administration imposes 20 percent tariffs on products from the European Union, they are bracing … Read more
[ad_1] President Trump’s self-proclaimed “liberation day,” in which he announced across-the-board tariffs on the United States’ trading partners, carries an echo of another moment when an advanced Western economy threw up walls around itself. Like Brexit, Britain’s fateful vote nearly nine years ago to leave the European Union, Mr. Trump’s tariffs struck a hammer blow … Read more
