Tariffs

Chinese President Xi Jinping has made a notable statement during his recent visit to Vietnam, emphasizing that protectionism "leads nowhere" and insisting that there are "no winners" in a trade war, according to reports from state media. This visit marks the beginning of a Southeast Asia tour aimed at reinforcing regional trade ties and countering the effects of substantial tariffs imposed by U.S. President Donald Trump. As the first overseas trip of the year for Mr. Xi, his itinerary includes stops in Vietnam, Malaysia,…

On a seemingly ordinary Sunday, with the world taking a breath from the daily grind, President Donald Trump made headlines yet again. In a rather direct and unambiguous manner, he conveyed through a Truth Social post that tech-related tariffs are still on the table. This came just two days after the U.S. announced exemptions for many tech goods from recently proposed tariffs against China. “There was no Tariff 'exception' announced on Friday,” Trump declared. “These products are subject to the existing 20% Fentanyl…

Recently, China's Commerce Minister, Wang Wentao, conducted insightful conversations with Saudi Arabia's Commerce Minister, Majid bin Abdullah al-Qasabi, and South Africa's Deputy Minister of Trade, Industry and Competition, Parks Tau. The primary focus of these dialogues was to deliberate on the growing pressure from U.S.-imposed "reciprocal tariffs." Can we ponder for a moment on what these diplomatic exchanges signify? Are they merely routine discussions, or do…

US Government Grants Tariff Exclusions on Electronics The US government has recently announced tariff exclusions for smartphones, computers, and other electronics primarily imported from China. This decision spares these products from the steep 125% reciprocal duties that were previously imposed by President Donald Trump. In a notification to shippers, the US Customs and Border Protection (CBP) agency has published a list of tariff codes that will now be exempt from these duties, a move that some view as a…

In a significant escalation of the ongoing trade tensions, China has raised its tariffs on U.S. imports to an astounding 125%. This move comes in direct response to U.S. President Donald Trump's recent decision to increase duties on Chinese goods, further heightening the stakes in a trade conflict that poses serious risks to global supply chains. This retaliatory action from China exacerbates the economic instability triggered by President Trump’s tariffs, which have led to market declines and left international leaders…

Today, shares across Asia and Europe saw a notable surge, and the frantic bond sell-off appears to have stabilized following a surprise announcement from U.S. President Donald Trump. The President indicated that he would temporarily lower the hefty tariffs he had recently imposed on numerous countries. However, the overnight rally in U.S. stocks and the dollar lost some of its momentum as tensions escalated between the U.S. and China, leaving investors baffled by the administration's inconsistent approach to tariffs. As…

Picture this: a major economic announcement by the President of the United States, and the world waiting with bated breath. When President Donald Trump introduced a groundbreaking policy resetting the balance of import tariffs, it created more than a ripple—it was a tidal wave across international markets and government corridors. This new strategy, impacting over 180 nations, several of which are African, reflects a significant recalibration in America's approach to global trade. What is the…

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Reshaping Trade Pathways: Ghana's Strategic Move Beyond the U.S. Imagine a nation at a crossroads, one teetering on the brink of a dynamic change in its economic strategy. Ghana finds itself in such a scenario, striving to brace its economy against the turbulent waves of global trade shifts. The crux of the matter lies in diversification—or as the economic think tank IMANI Africa earnestly puts it, an "essential cushion" against the menacing tides of external trade shocks. Picture this:…

An Overview of Recent Global Trade Developments In the complex tapestry of international trade, recent actions by the American government have stirred both hope and hesitation across the globe. The pronouncement of a strategic pause on trade tariffs by President Donald Trump has grabbed headlines as it aims to quench the fires of trade wars that have set global economies on edge. Why now, you might wonder? It seems Trump's administration is seeking a reset, offering nations a chance to renegotiate terms…