Mr. Trump called the current free trade deal with South Korea (KORUS) "not exactly a great deal," and has increased the trade deficit by tens of billions of dollars. Mr. Trump said he and hisSouth Korean counterpartwould work towards a level playing field in trading with the U.S. Mr....
With a promise to reestablish industries, from chip production lost to Taiwan and car and pharmaceutical manufacturing to Europe, he is promising a country-by-country tailored assault on the status quo. His primary targets appear to be the major tradin...
Modi has readied promises including increased liquefied natural gas, combat vehicle and jet engine purchases, according to Indian government officials. Indian officials are also looking at tariff cuts in at least a dozen sectors, including electronics, medical and surgical equipment, and chem...
A secondary goal is to further decrease the nation’s already slimming trade deficit, which declined from $951.2 billion in 2022 to $773.4 billion last year. The problem with that solution—at least initially—is that the increased import expenses won’t be paid by foreign companies or their...
Employment increased in the health care, retail and social assistance sectors. Tim SmartFeb. 7, 2025 Canada’s ambassador to the United Nations discusses Trump’s tariff threats, calling instead for relations built on civility and respect: ‘We'd like to take the drama out of this.’ Pamela...
But Europe could also suffer the added blow of increased defence costs if Trump reduces support for NATO. The continent has relied on a U.S. military presence since the end of World War Two and with no end in sight to Russia's war in Ukraine, Europe will be forced to fill any gap ...
While Trump’s fiscal policies are expected to support the economy, they are alsoexpected to increase the deficit.Lower tax collection may mean the government has to take on more debt to meet its spending obligations. Some of these increased costs will be offset by policies that could ge...
When asked about climate change, Kamala Harris sings the praises of Joe Biden's signature climate change legislation, the Inflation Reduction Act, saying “I'm proud that we have invested a trillion dollars in a clean energy economy as we have also increased domestic oil and gas t...
When asked about climate change, Kamala Harris sings the praises of Joe Biden's signature climate change legislation, the Inflation Reduction Act, saying “I'm proud that we have invested a trillion dollars in a clean energy economy as we have also increased domestic o...
Under President Obama, the program was awarded $63 million in annual funding, but during the last Trump administration, it was cut to $10 million for 2018–2020. Under the Biden Administration, the funding increased to $80 million in 2022, with another $100 million announced ...