Alpine farmers producing traditional Gruyere cheese in Switzerland are working to offset sales drops caused by new United States import tariffs, according to industry sources. The U.S. market, which traditionally accounted for about 13% of Gruyere sales, was hit by a 10% tariff last year that increased to 12.5% this year under the Trump administration, … Read more
U.S. Treasury Secretary Scott Bessent met with Pakistan Finance Minister Muhammad Aurangzeb in Washington, D.C., on Tuesday, July 21, 2026, to discuss ongoing economic reforms and market access. According to a U.S. Treasury statement issued Wednesday, Bessent welcomed Islamabad’s push to implement fiscal consolidation and prepare for a return to international capital markets, though the … Read more
Volvo Cars Sees Q2 Profit Decline but Eyes Recovery with New Electric Model Volvo Cars reported a drop in second-quarter operating profit to 800 million Swedish crowns ($82,76 million), according to a Reuters report, as the automaker prepares to ramp up production of its new EX60 electric SUV. The decline follows a 1.6 billion crown … Read more
Brazil’s Strategic Response to U.S. Tariffs Includes Patent Suspensions and WTO Revival Brazil is preparing to retaliate against U.S. tariffs by targeting intellectual property rights and audiovisual sector interests, according to three sources familiar with the discussions. The measures, which could include suspending pharmaceutical and agricultural seed patents, aim to pressure Washington while avoiding consumer … Read more
The U.S. administration is expected to formally declare on Wednesday that it will not extend the U.S.-Mexico-Canada Agreement (USMCA), a move that triggers a 10-year countdown toward the potential expiration of the North American free trade zone. According to reports, this decision initiates a six-year review process established under the agreement’s “sunset clause,” leaving the … Read more
U.S. President Donald Trump threatened on Friday to impose a 100% tariff on goods from any country that implements a digital services tax targeting American companies. The warning comes just one day after European Union nations met a July 4 deadline to reduce tariffs on U.S. goods, a move intended to meet commitments under a … Read more
Unwinding Iran Sanctions: Why Legal and Political Hurdles Could Delay Economic Relief Tehran could gain tens of billions of dollars if U.S. sanctions are permanently lifted, but legal and political hurdles may delay economic relief for years. While a new U.S. Treasury license allows oil sales through August 21, Congress must still amend laws regarding … Read more
The World Bank has lowered its 2026 global economic growth forecast to 2.5%, citing ongoing conflict in the Middle East and persistent energy market volatility. This revision, detailed in the bank’s semi-annual Global Economic Prospects report, marks the lowest growth projection since the onset of the COVID-19 pandemic. According to the report, disruptions to energy … Read more
The U.S. Trade Representative’s (USTR) office has announced a series of three negotiating rounds with Mexico aimed at revamping the existing United States-Mexico-Canada Agreement (USMCA). While the schedule for these bilateral discussions extends through July, the official statement made no mention of similar talks with Canada, signaling a significant divergence in the administration’s approach to … Read more
The New Era of U.S.-India Strategic Ties: What the Rubio-Jaishankar Talks Mean for Global Stability The recent high-level diplomatic engagement between U.S. Secretary of State Marco Rubio and Indian Foreign Minister Subrahmanyam Jaishankar signals a pivotal shift in the Indo-Pacific geopolitical landscape. As the U.S. Looks to solidify its partnerships in the face of shifting … Read more