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Tag Archives: tariffs

‘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 …

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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 …

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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 …

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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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