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trade

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US Trade Dominance Will Soon Begin to Crack

In 2026, the leaders of America’s (former) trading partners are going to have to grapple with the political consequences of tit-for-tat tariffs. A tariff is a tax paid by consumers, and if…

Asia markets edge up amid thinned holiday trade

Asian markets edged slightly higher on Friday (Dec 26) amid holiday-thinned trade, though some exchanges remained closed for the Boxing Day holiday. Gold continued to hover around its…

Why the EU-Mercosur Trade Deal Matters for Luxury

MILAN — Luxury industry concerns hit a peak this year after U.S. President Donald Trump announced his trade policy that involved a 15 percent tariff on all exports. Since then, leaders…