WASHINGTON | Xinhua | After branding Federal Reserve Chair Jerome Powell as a “major loser” and suggesting he might oust him, U.S. President Donald Trump reversed course on Tuesday, stating he had “no intention of firing” Powell. Trump’s about-face came after U.S. stocks and the dollar took another dive …
Read More »Will Trump unite China and Europe?
COMMENT | NANCY QIAN | With little economic or political rationale, US President Donald Trump has introduced some of the highest tariffs in more than a century, and imposed them on nearly every economy in the world. Then, suddenly, despite his insistence that the tariffs were here to stay, he paused the …
Read More »How Trump’s tariffs could wreak havoc on North America’s auto supply chains
NEW YORK | Xinhua | Ford CEO Jim Farley warned at a recent investor conference in New York that levying steep tariffs on imported goods “would blow a hole in the U.S. industry that we’ve never seen.” For years, the U.S. auto supply chains have been deeply integrated with its …
Read More »Canada eyes China-style gains in Africa with first-ever strategy
Canada debuts its first-ever strategy for Africa, as Ottawa seeks to diversify markets and blunt geopolitical shocks amid rising trade tensions with Washington. SPECIAL REPORT | BIRD AGENCY | Early in March, Canada unveiled its much-touted Global Africa Strategy in a subdued Toronto event, timed eight days before a cabinet …
Read More »Harvard says ‘no’ to Trumpism
Harvard University rejects Trump administration’s demands on sweeping changes WASHINGTON | Xinhua | Harvard University on Monday rejected the Trump administration’s demands to make sweeping changes to its governance, hiring and admissions practices, despite billions of dollars in federal funding being at risk if it fails to comply. “We have …
Read More »Trump’s ‘Liberation Day’
Why it could usher in economic catastrophe by reducing demand for US exports while increasing the cost of living domestically COMMENT | CHRIS LEHMANN | So far Donald Trump’s “Liberation Day”—his midweek announcement of a battery of reciprocal tariffs intended to punish longtime US trading partners—has been greeted with a ringing …
Read More »Is AGOA gone with Trump’s new 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 …
Read More »The foundation of Trump’s tariffs
How the American president is using the playbook his predecessors have used for far too long THE LAST WORD | Andrew M. Mwenda | I am an admirer of President Donald Trump because I find him more realistic about issues and brutally frank in the way he expresses himself. He lacks the hypocrisy and …
Read More »‘Trump’s tariffs to ignite inflation, recession’
ZAGREB | Xinhua | If inflation is the fuel for recession, the tariffs imposed by U.S. President Donald Trump are the matches that will ignite it, Croatian economic analyst Petar Vuskovic said in an interview with the local N1 Television on Tuesday. “It is not a question of whether the …
Read More »Mass protests against Trump administration staged in U.S., Europe
BEIJING | Xinhua | Hundreds of thousands of protesters gathered in dozens of cities across the United States and Europe on Saturday to protest the controversial policies of U.S. President Donald Trump’s administration, including the imposition of so-called “reciprocal tariffs,” the shutdown of federal agencies and the deportation of …
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