UCF Global Perspectives

=

Tag Archives: Global Economy

Trump Proposes Steel and Aluminum Tariffs

Posted on

On Thursday, U.S. President Donald Trump is expected to sign an order imposing tariffs on steel and aluminum imports, further weakening the long-standing international free trade system. Trump announced the tariffs last week, promising to levy a 25% rate on imported steel and a 10% rate on imported aluminum. The Commerce Department recommended the protectionist […]

Venezuelan Government Wins Easier Debt Terms with Russia, China

Posted on

The Russian and Venezuelan governments signed an agreement on Wednesday confirming a ten-year payment plan for Venezuela’s 3.15 billion dollar debt to Russia (WP). Venezuelan payments to the Russian government will remain nominal during the first six years, allowing for economic stabilization and development, reported the Russian Finance Ministry. A day later, Geng Shuang, the […]

Chinese, Sri Lankan Ministers in Free Trade Talks

Posted on

On Tuesday, Sri Lankan Foreign Minister Tilak Marapana announced in a Beijing reception that a free trade agreement with the Chinese government is nearing completion (Reuters 1). The reception, at which Marapana praised Chinese support of the Sri Lankan economy, marked the 60th anniversary of diplomatic ties between China and Sri Lanka. This trade agreement […]

Future of US-South Korea Trade Deal Uncertain

Posted on

American President Donald Trump’s economic advisers are divided over the United States-Korea Free Trade Agreement (KORUS) in light of the growing North Korean nuclear threat. Two senior administration officials reported on Saturday that Trump may withdraw the US from the five-year-old trade agreement with South Korea (NYT). Advocates of withdrawal called KORUS unfair, while other […]

Microsoft Cuts Thousands of Jobs

Posted on

Microsoft, one of the largest companies in the world, announced on Thursday that they planned to lay off 3000-4000 employees across the globe (NYT). The job cuts will come primarily from Microsoft’s Sales and Marketing departments, amidst a mass restructuring of the business’s operations. The cuts will come from locations that are mostly outside of […]