Why it could usher in economic catastrophe by reducing demand for US exports while increasing the cost of living domestically COMMENT | CHRIS LEHMANN | So far Donald Trump’s “Liberation Day”—his midweek announcement of a battery of reciprocal tariffs intended to punish longtime US trading partners—has been greeted with a ringing …
Read More »Is AGOA gone with Trump’s new tariffs?
Analysts say the new tariffs suggest that the renewal of the initiative is extremely unlikely COVER STORY | THE INDEPENDENT & AGENCIES | In what has been described as one of the most disruptive moments in trade history, U.S. President Donald Trump on April 02 unleashed sweeping tariffs on nearly all …
Read More »The foundation of Trump’s tariffs
How the American president is using the playbook his predecessors have used for far too long THE LAST WORD | Andrew M. Mwenda | I am an admirer of President Donald Trump because I find him more realistic about issues and brutally frank in the way he expresses himself. He lacks the hypocrisy and …
Read More »‘Trump’s tariffs to ignite inflation, recession’
ZAGREB | Xinhua | If inflation is the fuel for recession, the tariffs imposed by U.S. President Donald Trump are the matches that will ignite it, Croatian economic analyst Petar Vuskovic said in an interview with the local N1 Television on Tuesday. “It is not a question of whether the …
Read More »Mass protests against Trump administration staged in U.S., Europe
BEIJING | Xinhua | Hundreds of thousands of protesters gathered in dozens of cities across the United States and Europe on Saturday to protest the controversial policies of U.S. President Donald Trump’s administration, including the imposition of so-called “reciprocal tariffs,” the shutdown of federal agencies and the deportation of …
Read More »Trump eyes DR Congo minerals
President Tshisekedi, visiting American senior advisor, discuss minerals-for-security deal COVER STORY | IAN KATUSIIME | Finally, African countries know that unlike in his first term where they hardly mattered, U.S. President Donald Trump this time has the continent on his agenda. Just as in his first term, President Trump has delayed …
Read More »Trump has a point on Gaza
Why the US president’s seemingly crazy suggestion is the only viable solution to the Palestinian problem THE LAST WORD | Andrew M. Mwenda | For one and a half years, the world has watched in utter helplessness the merciless genocidal campaign Israel is conducting in Gaza to cleanse it of Palestinians. South Africa’s …
Read More »COMMENT: Appeasing Washington will lead to more economic bullying
COMMENT | Xinhua | By doubling down on tariffs under the pretext of “fairness,” Washington is expected to roll out a swathe of so-called “reciprocal tariffs” against a number of countries on Wednesday, including its long-term allies and major trading partners. As the countries worldwide prepare to face the repercussions, …
Read More »Canada launches counter auto tariffs against U.S.
OTTAWA | Xinhua | Canadian Prime Minister Mark Carney announced on Thursday Canada will be responding by matching the U.S. approach with 25 percent tariffs on all vehicles imported from the United States that are not compliant with the Canada-U.S.-Mexico Agreement (CUSMA). The prime minister said his government will also …
Read More »Is Trump engineering the decline and fall of the dollar?
His approach to weakening it could spell the end of the US dollar’s reign as the dominant international currency COMMENT | JEFFREY FRANKEL | In 1985, U.S. officials met with their counterparts from the other G5 countries at New York City’s Plaza Hotel to negotiate a coordinated intervention to bring down …
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