Tag Archives: tariffs

Munich, Germany | AFP | The outgoing president of the European Commission Jean-Claude Juncker said Friday he believes the US will not impose new tariffs on imported European cars in the coming days. President Donald Trump’s administration has been threatening since last year to impose tariffs on auto imports to defend …

Kampala, Uganda | THE INDEPENDENT  |  All power generated at new power dams will have to be consumed, for Ugandans to realize cheaper electricity, a Ministry of Energy official has said. James Banaabe, the Director of Energy Resources at the Ministry of Energy and Mineral Development said Uganda invested in new …

Washington, United States | AFP | President Donald Trump on Friday hailed a breakthrough in his drawn-out trade war with China, saying the two sides reached an initial deal that included a surge in purchase of American farm products. With the agreement — which also covers intellectual property, financial services and …

Hong Kong, China | AFP | Asian equity markets tanked and the yuan hit an 11-year low Monday after US President Donald Trump ramped up his trade war with China by hiking tariffs on more than half-a-trillion dollars worth of imports. However, dealers pared earlier steep losses after the president said …

Washington, United States | AFP | US President Donald Trump threatened his French hosts with taxes on their wines Friday as he headed to a G7 summit in France with a series of parting shots, including another broadside at the Federal Reserve’s chairman. After a day that saw big falls on …

New York, United States | AFP |  The latest lurches in President Donald Trump’s trade war with China set the stage for a potential repeat of late 2018 when goods flooded into America’s ports to beat new tariffs. US importers, retailers and shippers are bracing for a new round of punitive …

Shanghai, China | AFP |  China’s decision to let its currency weaken against the dollar on Monday sent global markets diving further into the red and provoked a Twitter tirade from US President Donald Trump. The deteriorating picture appeared to worsen as official Chinese media reported Beijing ceased purchases of …

Washington, United States | AFP | US President Donald Trump announced Thursday he will hit China with punitive tariffs on another $300 billion in goods, prompting Beijing to warn it was the wrong way to resolve the trade war. Trump’s move jolted US and Asian stock markets and came just a …

  New York, United States | AFP | Earlier US tariffs enacted in President Donald Trump’s trade war with China have dealt only a glancing blow to consumers, but those announced Thursday are different. “This hits consumers straight on,” Steve Pasierb, president of the Toy Association, said in an interview. “This …

Washington, United States | AFP | The US trade war truce with China which could ease sanctions on Huawei has prompted a backlash from lawmakers over national security concerns amid confusion over how the deal may impact the Chinese tech giant. In the weekend agreement with his Chinese counterpart Xi Jinping …