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International trade is the exchange of capital, goods, and services across international borders or territories [1] because there is a need or want of goods or services. [2] See: World economy .) In most countries, such trade represents a significant share of gross domestic product (GDP).
International relations Ethiopia–Somalia relations Prime Minister of Ethiopia Abiy Ahmed and President of Somalia Hassan Sheikh Mohamud meet in Addis Ababa , Ethiopia , as part of a Turkey -brokered rapprochement to restore bilateral relations after a yearlong dispute due to the 2024 Ethiopia–Somaliland memorandum of understanding .
In its latest World Economic Outlook, the IMF projected global growth of 3.3% in both 2025 and 2026, and said global headline inflation was set to drop to 4.2% in 2025 and 3.5% in 2026, allowing a ...
The probe is being conducted under Section 301 of the Trade Act of 1974, the same unfair trade practices statute Trump invoked to impose tariffs of up to 25% on some $370 billion worth of Chinese ...
The International Energy Agency reports that though “Russia’s crude oil and oil products exports fell 350,000 barrels per day last year,” revenue rose 2 percent — that’s $3.8 billion.
The authority of Congress to regulate international trade is set out in the United States Constitution (Article I, Section 8, Paragraph 1): . The Congress shall have power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and to promote the general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform ...
Hungary plans to hold talks with regional allies to counter the impact of higher oil prices resulting from a new round of US sanctions on Russia's oil and gas sector, Hungarian Foreign Minister ...
After the first phase of a trade deal was agreed upon in December 2019, Mary E. Lovely of the Peterson Institute for International Economics and professor at Syracuse University said the ceasefire was "good news" for the American economy while expressing optimism that the talks would help address China's "unfair" intellectual property practices.