Workers in the southern Chinese city of Foshan should be welding expensive air fryers for the US market, but there is a huge blank area in the center of the factory floor. Derek Wang claims that his smartphone-controlled air fryer models, which can also bake, roast, and grill, amazed his American consumers. However, on April
A truce has been reached between the US and China to reduce import duties on commodities that are traded between the two nations. The deal represents a significant de-escalation of the trade war between the two largest economies in the world, which has had a profound effect on the UK and many other nations. What
In an effort to stop the spread of foot and mouth disease (FMD), the UK government has temporarily banned vacationers from bringing in cheese and meat products from the EU. Due of the expanding outbreak on the continent, travelers have been prohibited from bringing back goods like cured pork and cheese, including in sandwiches, since
Due to US President Donald Trump’s tariffs, the World Trade Organization (WTO) has predicted that worldwide trade will decline this year. It added that reciprocal tariffs and political uncertainty, which are among the “severe downside risks,” might cause an even greater drop in global goods trade. According to the WTO, trade in North America is
The World Trade Organization (WTO) has predicted that the tariffs imposed by US President Donald Trump will result in a decline in global trade this year. It highlighted “severe downside risks” that might cause the global goods trade to decrease even more, such as reciprocal tariffs and political unpredictability. The World Trade Organization predicted that
As investors pulled out of government debt due to mounting worries about the effects of Donald Trump’s tariffs, confidence in the US economy is collapsing. In order to raise funds from the financial markets for public spending, governments sell bonds, which are effectively an IOU, and pay interest in exchange. Because its bonds are seen