World politics

Canada replicates US tariffs on Chinese products

Banca March : Canada replicates the US tariffs imposed on China: electric vehicles from the Asian country will be subject to a rate of up to 100%, while steel and aluminium will be subject to 25%. In the first case, they will come into force on 1 October, while for the metals in question they will begin on 15 October. The Chinese embassy in Ottawa has replied, referring to the…

Read More

Global Economy

Global economy to grow by 2.7% in 2023 and 2.9% in 2024, down from 3.4% average in seven years prior to pandemic, says OECD

Intermoney| That the recovery is weaker in China is a reality, but certain issues should not be magnified, because as has been seen, there is a certain boost to domestic demand and it would be a problem of confidence among Chinese citizens that could be reversed. For the moment, the politburo does not seem to be taking any more generous measures than might be expected. Moreover, yesterday the OECD’s forecast…