Tag: Economy
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U.S. Expands Market Access to Bangladesh With Latest Trade Deal
The United States and the People’s Republic of Bangladesh have agreed to an Agreement on Reciprocal Trade designed to strengthen bilateral economic relations and expand market access for American exporters. The Agreement, announced on Monday, February 9, builds on the 2013 U.S.-Bangladesh Trade and Investment Cooperation Forum Agreement (TICFA) and…
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APEC Leaders Unite in Gyeongju for Digital Cooperation and Inclusive Growth
Leaders of the 21 Asia-Pacific Economic Cooperation (APEC) economies have adopted the 2025 APEC Leaders’ Gyeongju Declaration, committing to deepen digital cooperation, strengthen trade resilience and promote inclusive growth across the region. Hosted by the Republic of Korea under the theme “Building a Sustainable Tomorrow,” the summit took place from…
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Trump Announces Trade Deal with Japan, Lowers Tariff to 15%
President Trump on Tuesday unveiled a new trade framework with Japan, introducing a 15% tariff on Japanese imports and declaring the agreement a landmark achievement. “This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it,” Trump wrote on Truth Social. He also affirmed…
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U.S. and Indonesia Reach Major Trade Deal after Intense Negotiations
A landmark trade agreement between the United States and Indonesia has been finalized, capping days of high-level negotiations and revising an earlier tariff threat. President Donald Trump announced Tuesday that a previously planned 32% tariff on imports from Indonesia will instead be lowered to 19% under the terms of the…
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Trump Announces 30% Tariffs on EU and Mexico, Citing Trade and Security Concerns
President Donald Trump announced Saturday that the United States will impose 30% tariffs on imports from the European Union and Mexico, effective from August 1. The move targets two of America’s largest trade partners and signals a sharp escalation in Trump’s trade strategy during his second term. Trump made the…
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Trump Escalates Trade War with 35% Tariff on Canada, Signals Wider Global Tariffs
President Donald Trump has announced a steep increase in tariffs on Canadian imports, escalating trade tensions with U.S.’s northern neighbor. In a letter posted to his social media platform, Trump informed Canadian Prime Minister Mark Carney that a 35% tariff would take effect on August 1, up from the current…
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China’s Electric Vehicle Surge Threatens U.S. Auto Industry
China’s electric vehicle (EV) industry has reached a critical turning point, producing cars that rival or surpass those made in the West, at a fraction of the cost, according to a stark warning from former General Motors executive Michael Dunne. In a recent New York Times op-ed, Dunne paints a…
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U.S. Eases Tariff Plan in Trade Deal with Vietnam Ahead of Deadline
The United States will impose a 20 percent tariff on many Vietnamese exports, a lower rate than initially proposed, President Donald Trump announced, easing trade tensions just days before a July 9 deadline to increase tariffs on most imports. Transshipments from third countries through Vietnam, however, will face a 40…
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Donald Trump’s 47th Inaugural Speech: A Vision for Leadership and Peacemaking
[Ethan Oliver Brooks, Shongjog columnist] In his first speech as the 47th President of the United States, Donald Trump laid out a bold and expansive vision for the nation, one that echoes his commitment to restoring American greatness on the world stage. With a focus on revitalizing the nation’s economy,…
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Al Lewis Expands ‘Business Blunders’ with Subscriber-Only ‘Hall of Shame’
In January 2025, Business Blunders, the Substack newsletter created by award winning veteran journalist Al Lewis, introduced a paid tier for subscribers, expanding its offerings with exclusive content. Central to the launch is the ‘Business Blunders Hall of Shame’, a curated series that dives into some of the most notorious failures in corporate history.…
