Tag Archives: tariff

JOHANNESBURG, South Africa | Xinhua | South Africa will submit a revised trade proposal to the United States to reduce the newly imposed 30 percent tariff and seek alternative export markets to offset the impact, a government official said Tuesday. Speaking at a media briefing in Pretoria, South Africa’s administrative …

TOKYO, JAPAN | Xinhua | Toyota Motor Corp. on Thursday revised its net profit forecast for the current fiscal year ending March 2026 downwards to 2.66 trillion yen (about 18 billion U.S. dollars) due to higher U.S. auto tariffs. The full-year net profit estimate marked a 44.2 percent drop from …

GENEVA, SWITZERLAND | Xinhua | China and the United States announced here Monday a series of tariff modification measures aimed at easing trade tensions between the world’s two largest economies. The decision followed a two-day China-U.S. high-level meeting on economic and trade affairs, where both sides recognized the importance of …

  LOS ANGELES | Xinhua | U.S. President Donald Trump said on Sunday that he is authorizing to immediately begin the process of instituting a 100 percent tariff on all movies “produced in Foreign Lands.” In a post on his Truth Social platform, Trump wrote, “The Movie Industry in America …

MAGA oligarchs’ policies threaten to ruin Christmas COMMENT | THE CONTRARIAN  | This week, Donald Trump spotlighted for pro-democracy forces his greatest political vulnerability. He gave it away on Tuesday, in his tiff with Amazon founder (and Washington Post owner) Jeff Bezos. White House press secretary Karoline Leavitt scolded Amazon …

KAMPALA, UGANDA | Xinhua | Ugandan President Yoweri Museveni has said the country will prioritize African markets following the United States’ decision to impose a 10 percent tariff on imports from most countries. In a speech shared by the state-owned Uganda Broadcasting Corporation on Thursday, Museveni said Uganda already has …

BEIJING, CHINA | Xinhua | China has taken swift, firm countermeasures following the latest U.S. tariff hike on Chinese imports, in a move to safeguard its legitimate rights and interests. The Chinese government on Wednesday announced that it will raise additional tariffs on products imported from the United States to …

BEIJING, CHINA | Xinhua | Thanks to the United States, “tariff” has become one of the top buzzwords in international politics. In rapid succession, the White House has announced 25 percent tariffs on all imported steel and aluminum, slapped additional tariffs on Chinese imports and threatened reciprocal tariffs against all …

The report finds African governments impose average export tariffs of more than 13% on finished consumer goods, compared to under 4% for primary goods  ANALYSIS | JOHN BASQUILL |   Tariff structures in developing markets are holding back efforts to add value domestically and export finished goods, limiting firms’ access …

LONDON, UK | Xinhua | Ever since U.S. President Donald Trump walked into the Oval Office in late January, the term “tariff” has been tossed around like an American football, targeting key U.S. trading partners such as Canada, Mexico, Europe and China. Trump’s erratic tariff threats have created a climate …