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 …
Read More »Trump is terrified of tariff blowback
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 …
Read More »Museveni: Uganda to focus on African markets amid U.S. tariff hike
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 …
Read More »China takes firm countermeasures against U.S. tariff bullying
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 …
Read More »From ‘America First’ to ‘America Only’: What North American tariff spats tell the world
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 …
Read More »Tariff escalation holding back African industrialisation, UN finds
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 …
Read More »Trump’s tariff game: a global trade tightrope
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 …
Read More »Putin signs law on tariff preference to friendly states
Moscow, Russia | XINHUA | Russian President Vladimir Putin on Monday signed a law that authorizes the government to temporarily reduce or fully eliminate export duties of certain goods to “friendly countries.” The law will empower the Russian government to lower export duties on shipments to friendly countries for a period …
Read More »China to grant zero-tariff treatment to 98% of imports from Uganda
Kampala, Uganda | Xinhua | Ninety eight percent of Ugandan goods will, starting Dec. 1, access the Chinese market at zero tariff, officials said here Friday. Speaking at the public unveiling of the Special Preferential Tariff Treatment of Ugandan Exports to China, Zhang Lizhong, Chinese Ambassador to Uganda, said the expansion follows …
Read More »Electricity tariff drop not enough to grow industrial sector
Government hopes new dams will drive tariffs downwards Kampala, Uganda | JULIUS BUSINGE | Electricity consumers grappling with surging energy bills have at least got some relief as the industry regulator reduces tariffs for the next three months. But they are not overall better off, compared with four years ago. The …
Read More »