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Tag Archives: tariffs

Rural electrification project beneficiaries protest high tariffs

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 …

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Trump relaunches trade battle with Europe

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 …

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China’s economy shows further signs of weakness

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 …

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Trump hails economic boom as industry attacks trade war

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 …

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No agreement on China tariff rollback: Trump

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 …

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Trump will not impose tariffs on EU cars: Juncker

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 …

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Trump announces ‘very substantial’ but partial China trade deal

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 …

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Equities, yuan take hit as Trump dials up trade war with China

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 …

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