President Donald Trump announced a new peace pact between Rwanda and the Democratic Republic of Congo, which he linked to US access to critical minerals. At a meeting in Washington, Trump claimed his administration had "succeeded where many others have failed," calling this the eighth war he has ended in less than a year. However, the reality on the ground is far more complicated, as fighting in eastern Congo continues despite the signing of the previous peace agreement. The agreement is not just about a ceasefire; it also concerns the mineral trade. The agreement grants US companies access...
US President Donald Trump expressed disappointment with Ukrainian President Volodymyr Zelenskiy's response to Washington's peace proposal to end the war with Russia. According to Trump, Kyiv hasn't moved quickly enough to review the proposal, even though it was sent just hours earlier. He even said that "the Ukrainian people like" the plan, but the president doesn't. Meanwhile, Trump claimed that Russia is "fine" with the proposal's contents, giving the impression that he is more optimistic about Moscow's response than Kyiv. This stance contrasts with Trump's tone toward Russian President...
China's trade surplus roared above $1 trillion in November for the first time ever, despite the ongoing global trade war that has resulted in a steep drop in exports to the U.S. In the first 11 months this year, China's overall exports grew 5.4% compared to the same period in 2024 while imports fell 0.6%, taking its trade surplus to $1.076 trillion this year as of November, up 21.6% year on year. The move come even as China's U.S.-bound goods fell for an eighth straight month despite a recent trade deal between the two economies, even as overall exports surpassed market expectations in...
US President Donald Trump has escalated trade tensions with Canada again after threatening to impose "severe" tariffs on fertilizer exports from the country. The threat was made at a White House event, where Trump also announced a multi-billion dollar aid package for US farmers affected by his own tariff policies. Previously, the Trump administration had already imposed broad tariffs on Canadian and Mexican imports as part of the 2025 trade war, with Canadian fertilizer receiving preferential treatment in the form of lower tariffs but still subject to additional duties on volumes above...
President Donald Trump on Monday threatened to impose an additional 5% tariff on Mexico if it doesn't immediately provide additional water to help U.S. farmers, accusing the country of violating a treaty that outlines water sharing between the neighbors. Under the treaty, Mexico must send 1.75 million acre-feet of water to the U.S. from the Rio Grande through a network of interconnected dams and reservoirs every five years. Trump said in a social media post that Mexico "owes" the U.S. 800,000 acre-feet of water due to violations of the treaty over the past five years. He demanded Mexico...