Tag Archives: tariffs

Analysts say the new tariffs suggest that the renewal of the initiative is extremely unlikely COVER STORY | THE INDEPENDENT & AGENCIES | In what has been described as one of the most disruptive moments in trade history, U.S. President Donald Trump on April 02 unleashed sweeping tariffs on nearly all …

COMMENT | Xinhua | By doubling down on tariffs under the pretext of “fairness,” Washington is expected to roll out a swathe of so-called “reciprocal tariffs” against a number of countries on Wednesday, including its long-term allies and major trading partners. As the countries worldwide prepare to face the repercussions, …

OTTAWA | Xinhua |  Canadian Prime Minister Mark Carney announced on Thursday Canada will be responding by matching the U.S. approach with 25 percent tariffs on all vehicles imported from the United States that are not compliant with the Canada-U.S.-Mexico Agreement (CUSMA). The prime minister said his government will also …

WASHINGTON | Xinhua |  U.S. President Donald Trump on Monday said that he may “give a lot of countries breaks” on tariffs, as his April 2 deadline to impose “reciprocal tariffs” on U.S. trading partners draws closer. “I may give a lot of countries breaks, but it’s reciprocal,” Trump told …

The immediate effects of the tariffs are already evident. By imposing tariffs on goods from other countries, Trump’s policies have led to higher costs for businesses, which are often passed on to U.S. consumers in the form of increased prices for everyday goods like clothing, electronics and household items. COMMENT …

BRUSSELS | Xinhua | European shares dropped this week as a broad sell-off took hold, fueled by mounting concerns over the fallout of “Trumpcession,” a term coined by economists to describe the turbulence triggered by “erratic” trade and economic policies of U.S. President Donald Trump. The escalating strain in transatlantic …

WASHINGTON | Xinhua | U.S. President Donald Trump said Monday that 25 percent tariffs on Mexico and Canada will take effect on Tuesday, March 4. “Very importantly, tomorrow, tariffs, 25 percent on Canada and 25 percent on Mexico, and that’ll start,” Trump told reporters at the White House. “What they …

BRUSSELS | Xinhua |  Transatlantic trade tensions have escalated following U.S. President Donald Trump’s announcement of a 25 percent tariff on European imports, with European countries warning that Europe will react “firmly and immediately” against unjustified barriers. The tariff plan announced by Trump on Wednesday covers various European imports, including …

  COMMENT |  Maya Majueran | U.S. President Donald Trump has instructed his economic advisors to formulate comprehensive plans for implementing “reciprocal tariffs” on nations that tax U.S. imports, as part of a broader strategy to address what the administration perceives as unfair trade practices. Such measures, however, carry significant risks …

Kampala, Uganda | THE INDEPENDENT | A policy-making organ in the East Africa Community has given Tanzania Burundi six months to harmonize their phone call costs with the rest of the bloc. The Sectoral Committee on Transport, Communications, and Meteorology directed the two countries to implement the EAC Roaming Framework by …