Tag Archives: tariff

The region is growing, but fiscal fragmentation is keeping businesses from trading freely across borders   NEWS ANALYSIS | AHMED FARAH | East Africa’s growth story remains one of the most encouraging on the continent. The IMF projects the East African Community (EAC) to grow by 5.6% in 2026, above …

BEIJING | Xinhua | China, with its newly announced zero-tariff policy for African countries and its supersized market, will provide Africa with new development opportunities and help African countries navigate the current global economic turbulence, according to Chinese authorities. The Ministry of Commerce said in a statement on Wednesday that …

LUSAKA, Zambia | Xinhua | African countries should scale up production to fully benefit from China’s zero-tariff policy and better access the vast Chinese market, an expert said on Monday. Kelvin Chisanga, a Zambian social economist, said Africa’s abundant raw materials and agricultural potential could translate into stronger exports to China …

KAMPALA, UGANDA | Xinhua | A senior Ugandan official on Tuesday welcomed China’s decision to fully implement zero-tariff treatment for 53 African countries with diplomatic relations, starting from May 1, saying the move will accelerate industrialization and economic development across the continent. Oryem Henry Okello, Uganda’s minister of state for …

Addis Ababa, Ethiopia | Maya Majueran | At the 39th African Union Summit on Saturday, China announced that it will fully implement zero-tariff treatment for 53 African countries having diplomatic relations with China starting from May 1, 2026. It is not only a routine trade policy update but also a signal …

ADDIS ABABA, ETHIOPIA | Xinhua | Chinese President Xi Jinping’s congratulatory message to the 39th African Union (AU) Summit has resonated strongly across the African continent and the wider international community. In his message, Xi announced that China will fully implement zero-tariff treatment for 53 African countries having diplomatic relations …

JOHANNESBURG, South Africa | Xinhua | South Africa will submit a revised trade proposal to the United States to reduce the newly imposed 30 percent tariff and seek alternative export markets to offset the impact, a government official said Tuesday. Speaking at a media briefing in Pretoria, South Africa’s administrative …

TOKYO, JAPAN | Xinhua | Toyota Motor Corp. on Thursday revised its net profit forecast for the current fiscal year ending March 2026 downwards to 2.66 trillion yen (about 18 billion U.S. dollars) due to higher U.S. auto tariffs. The full-year net profit estimate marked a 44.2 percent drop from …

GENEVA, SWITZERLAND | Xinhua | China and the United States announced here Monday a series of tariff modification measures aimed at easing trade tensions between the world’s two largest economies. The decision followed a two-day China-U.S. high-level meeting on economic and trade affairs, where both sides recognized the importance of …

  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 …