Workers work at the agricultural factory Fisher Global in the Rwamagana Industrial Park, Eastern Province, Rwanda, April 14, 2026. (Xinhua/Ju Yinhe) BEIJING | Xinhua | In the rolling, lush fields of Ibiza Village in Kayonza District, eastern Rwanda, farmers are busy cultivating red chili peppers. Growing demand …
Read More »‘China’s zero-tariff policy to boost African export confidence, global trade stability’
JOHANNESBURG | Xinhua | China’s decision to grant zero-tariff treatment to products from 53 African countries is expected to bolster African economies’ confidence and strengthen global trade stability, an industry leader has said. “China’s zero-tariff treatment can be a very constructive component of Africa’s trade toolbox, supporting resilience in uncertain …
Read More »Zero tariffs forge stronger China-Africa partnership toward shared prosperity
COMMENT | Yang Dingdu & Li Zhuoqun – Xinhua | China’s announcement of zero-tariff treatment starting May 1 for all the 53 African countries with which it maintains diplomatic ties reaffirms its consistent commitment to opening its vast market to Global South partners. As Chinese President Xi Jinping has …
Read More »Tariffs bite, but erratic U.S. trade policies inflict greater damage
LONDON, UK | Xinhua | The United States began enforcing a new round of global tariffs Tuesday, imposing a 10 percent levy on most imports to replace broad duties recently struck down by the Supreme Court. The Trump administration has also indicated plans to raise the rate to 15 percent. …
Read More »What challenges does the world economy face in 2026?
From trade tensions and high debt burdens to fears of an AI stocks bubble, the global economy will face an array of risks that could dampen growth in the new year ANALYSIS | AGENCIES | The global economy weathered a whirlwind of challenges in 2025, including sharp trade tensions, uneven yet moderate …
Read More »China remains our ‘most irreplaceable customer,’ says CEO of US Soybean Export Council
NEW YORK | Xinhua | China remains our “most irreplaceable customer,” said Jim Sutter, chief executive officer of the U.S. Soybean Export Council (USSEC). “We have been in China since 1982. Over the past 43 years, we’ve invested in relationship-building, training and cooperation with the Chinese industry to create mutual …
Read More »Tariffs could brew trouble for Americans’ daily cup of coffee
NEW YORK, the United States | Xinhua | For many Americans, the day doesn’t begin without a cup of coffee. But a new round of tariffs on coffee imports may soon make that daily ritual cost more. Coffee prices in the United States jumped 14.5 percent in July from a …
Read More »Tariffs can’t stop U.S. debt woes, could make them worse
WASHINGTON, the United States | Xinhua | America’s gross federal debt has surged past 37 trillion U.S. dollars, a milestone reached earlier this month and five years sooner than pre-pandemic forecasts. Washington is now adding roughly 1 trillion dollars every five months, swelling a debt snowball that already costs nearly …
Read More »Where Is the Global Resistance to Trump?
COMMENT | DANI RODRIK | America’s critics have always depicted it as a selfish country that throws its weight around with little regard for others’ well-being. But President Donald Trump’s trade policies have been so misguided, erratic, and self-defeating as to make even the most cartoonish of such descriptions seem …
Read More »Tariffs start to bite as U.S. consumer prices hike
WASHINGTON, the United States | Xinhua | U.S. President Donald Trump’s tariff stick has pushed up levies on foreign goods to the highest levels in nine decades, imposing heavier costs on American households and businesses. The new customs duties, which took effect in early August, now apply to almost every …
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