Tag Archives: trade

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 …

ADDIS ABABA | Xinhua | African youth have been urged to leverage the African Continental Free Trade Area (AfCFTA) agreement to tap into broader continental market and economic opportunities. Experts and policymakers made the call on Saturday during a continental youth-themed meeting organized by the United Nations Economic Commission for …

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 …

  Secretary to the Treasury, Ggoobi meets multinational coffee merchant Tamari in 2-day visit to Geneva Geneva, Switzerland | THE INDEPENDENT | Secretary to the Treasury, Ministry of Finance, Planning and Economic Development  Ramathan Ggoobi has expressed gratitude to the World Trade Organization (WTO) for its continuous support to Uganda. He highlighted the …

The new projects align with the EU’s broader strategy to support regional integration through the AfCFTA and the Team Europe Initiative Kampala, Uganda | THE INDEPENDENT | The European Union and East African Community have launched three strategic initiatives aimed at deepening regional integration, enhancing trade, and fostering inclusive economic growth. …

MBALE, Uganda | Xinhua | Uganda’s Ministry of Health said Wednesday the country is safe for tourism and trade despite an Ebola outbreak. Minister of Health Jane Ruth Aceng told reporters in the eastern Ugandan city of Mbale that the outbreak is confined to well-defined areas in Kampala, the Ugandan …

Washington, DC | THE INDEPENDENT | Prosper Africa and African Export-Import Bank have signed a new Memorandum of Understanding to boost trade and investment between the United States and Africa in key sectors. This strategic partnership aims to leverage the unique strengths of both organizations to mobilize trade opportunities and investment …

MOSCOW, RUSSIA | TASS | Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Thailand, Uganda and Uzbekistan will become BRICS partner states from January 1, 2025, the Russian Foreign Ministry reported, adding that four other countries have received invitations. “From January 1, 2025, Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Thailand, Uganda, Uzbekistan …

LONDON | Xinhua | The United Kingdom officially joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Sunday, becoming the first European nation to join the Asia-Pacific trade bloc. The 12-country landmark trade agreement is expected to boost the British economy by 2 billion pounds (about 2.52 billion …