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Tag Archives: tariffs

Latest Trump tariffs to directly hit consumers

  New York, United States | AFP | Earlier US tariffs enacted in President Donald Trump’s trade war with China have dealt only a glancing blow to consumers, but those announced Thursday are different. “This hits consumers straight on,” Steve Pasierb, president of the Toy Association, said in an interview. “This …

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Auto industry dented by latest Trump tariffs

New York, United States | AFP | President Donald Trump’s plan to impose tariffs on Mexico will affect myriad industries, but few are as exposed as automakers. Shares of several major automakers and auto suppliers dived five percent or more following Trump’s announcement Thursday night that the United States would impose …

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US report calls car imports national security threat: source

New York, United States | AFP | A US Commerce Department report has concluded that American auto imports threaten national security, setting the stage for possible tariffs by the White House, a person familiar with the matter said Thursday. The investigation, ordered by President Donald Trump in May, is “positive” …

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‘Significant progress’ expected in China trade talks: US official

Washington, United States | AFP | The United States hopes to make “significant progress” during high-stakes trade talks with Chinese officials this week, US Treasury Secretary Steven Mnuchin said Tuesday. Beijing and Washington have a month remaining in a 90-day truce declared in December before US tariffs on hundreds of billions in Chinese exports are …

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Electricity tariffs drop

Kampala, Uganda | THE INDEPENDENT | Electricity Regulatory Authority has reduced power tariffs for consumers due strengthening shilling and easing inflation.  The domestic consumer tariff has been reduced by Shs 0.5 from Shs 769.5 shillings of the 2018 fourth quarters to Shs 769 of the first quarter of 2019. The average …

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Trump suspends metal tariffs for key US trade partners

Washington, United States | AFP | US President Donald Trump on Thursday authorized the suspension of controversial tariffs on steel and aluminum imports from key trade partners including the European Union. Trump shocked the world with his sudden announcement earlier this month of a 10-percent levy on aluminum and 25-percent …

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