On July 27, the United States and the European Union agreed on a trade deal that is lowering tariffs of 30% on European goods threatened by August to 15%, including on cars.
President Donald Trump’s evolving trade policy is set to sharply increase the United States’ effective tariff rate (ETR), with Fitch Ratings warning of substantial rises as new duties take effect on August 1.
The world is living through turbulent times, but investors are still chasing returns which has affected the flows of international foreign direct investment.
Poland’s core inflation, an indicator that measures price growth without including prices of food and energy, picked up its growth rate to 3.4% year on year in June (chart) after a gain of 3.3% y/y the preceding month.
A decline in global population later this century may threaten human progress, or it may lead to better lives.