Tag Archives: tariffs

Addis Ababa, Ethiopia | XINHUA | The industrialization and trade potential of the African Continental Free Trade Area (AfCFTA) agreement cannot be realized without adequate quality infrastructure systems, a new report by the United Nations and the African Union (AU) report said. The newly published report, entitled “Identifying Priority Products …

Nairobi, Kenya | XINHUA | The African Continental Free Trade Area (AfCFTA) could boost the continent’s income by 450 billion U.S. dollars if fully implemented, says a World Bank report released on Monday evening. According to the report, the pan African trade pact would significantly boost continental trade, particularly intraregional …

Kampala, Uganda | THE INDEPENDENT | Ugandans will not see the relief on the money they pay for electricity as Electricity Regulatory Authority (ERA), the industry regulator has decided not to change the tariff for the period to the end of September 2020. ERA announced today that between July and …

Washington, United States | AFP |  US President Donald Trump on Thursday threatened China with fresh tariffs as he stepped up his attacks on Beijing over the coronavirus crisis, saying he had seen evidence linking a Wuhan lab to the contagion. The diatribe from the Republican incumbent came as data showed …

Kampala, Uganda | THE INDEPENDENT | Beneficiaries of the rural electrification project in Kalungu district are protesting the high tariffs charged. They argue that it is inappropriate to charge high tariffs to rural communities and could affect the consumption. Ten parishes in Kalungu district were connected to the power grid …

Davos, Switzerland | AFP | US President Donald Trump relaunched a major trade offensive against Europe on Wednesday, threatening to hit the EU with damaging auto tariffs if Europeans failed to agree a long-delayed trade deal. With observers warning that global harmony on trade was crucial to the health of the …

Beijing, China | AFP | China’s economy showed further signs of strain on Thursday with data showing a sharp slowdown in consumer spending and factory production, while investment growth hit a record low as the trade war with the US takes its toll. The readings are the latest to give a …

Washington, United States | AFP | President Donald Trump on Tuesday took credit for an American economic renaissance but was greeted by another salvo from US industries that blame his trade wars for jeopardizing employment, wounding business and burdening consumers with higher costs. But Trump doubled down, threatening to jack up …

Washington, United States | AFP | President Donald Trump said Friday he has not agreed to roll back tariffs on Chinese imports, dampening recent optimism for a major de-escalation in the US-China trade war. Amid a steady stream of conflicting reports, Trump’s remarks appeared to push back against Beijing’s claims that …

Beijing, China | AFP | China’s exports suffered their third month of decline in October, and while the drop was less than expected there were warnings Friday of more pain to come as the US trade war rumbles on. While tensions between the world’s top two economies are beginning to ease, …