Tag Archives: tariffs

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 …

Kampala, Uganda | THE INDEPENDENT | The government has set electricity tariffs for the first quarter of 2023 beginning January to March. The new tariffs announced by the Chairperson of the Electricity Regulatory Authority-ERA, Dr, Sarah Kanaabi Wasagali, show that domestic users shall pay 250 Shillings for the first 15 units …

Kampala, Uganda | THE INDEPENDENT | Vice President Jessica Alupo has said Uganda will benefit more from its relationship with China if the wide trade deficit between the two countries is narrowed. Speaking during the celebrations to mark 60 years of Uganda’s diplomatic relationship with China, at the Kampala Serena Hotel, …

Kampala, Uganda | THE INDEPENDENT | South Africa is concerned that most African countries still consider national interests ahead of regional integration which continues to stifle regional trade and development. According to South African Minister for International Relations and Cooperation Naledi Pandor, this is likely to limit the outcomes of the …