Imbalance soars to $77.6bn in May as imports outpaced exports, driven by pharmaceuticals and semiconductors.
Brazil’s president says he was surprised by the proposed 25 percent tariffs, which came amid signs relations improving.
USTR’s proposal comes from a Section 301 unfair trade practices investigation designed to help rebuild Trump’s tariffs.
British Foreign Secretary Yvette Cooper hails ‘candour and respect’ in new ties with Beijing, despite differences.
Mexico and Canada have backed extending the USMCA trade agreement for another 16 years.
The US plans new 25 percent tariffs on Brazilian imports, citing issues like deforestation and digital trade practices.
Trade discussions between the two countries have been frozen since late last year.
China’s tariff-free access for many African products has renewed hopes of industrial growth. But trade remains uneven.
Norwegian defence minister warns Russia could pose a grave risk and must not be allowed to control the corridor.
Canada strengthens Chinese trade ties, seeking economic diversification amid growing US–Canada trade tensions
China’s abundant supply of cheap electricity is a key advantage in the rollout of data centres needed to run AI models.
