Trump tariffs a stone for cowboy boots
We are offering the following story chosen by AFP鈥檚 chief editors for our Africa Selection re-publication as among the best reporting from the sub-Saharan continent over the last fortnight...
Tags : tariff
Small US firms battered by tariffs
When US president Donald Trump announced tariffs on almost all trading partners in April, Ben Knepler contacted the factory in Cambodia producing his company鈥檚 outdoor furniture. 鈥楽top production,鈥� he ordered...
Thyssenkrupp cuts targets as US tariffs weigh
Thyssenkrupp鈥檚 shares slumped Thursday as the struggling German industrial giant slashed its sales forecasts due to weak demand amid US president Donald Trump鈥檚 tariff onslaught...
India and China eye resumption of border trade
India and China are discussing resuming border trade five years after it was halted, foreign ministry officials on both sides have said, as US tariffs disrupt the global trade order...
US producer inflation in July highest in 3 years
US producer price inflation bounced in July to its highest reading since 2022, government data showed Thursday, with an uptick in services costs exceeding that in goods, as policymakers seek to gauge effects from President Donald Trump鈥檚 tariffs...
RMG exporters for focusing on increase competitiveness
The readymade garment exporters of the country said that they should focus on increasing competitiveness, building capability and removing non-tariff barriers, rather than overthinking the United States鈥� tariffs on India, China and other rivals.
LDC graduation to be bigger challenge than US tariff: commerce adviser
The next challenge for the Bangladesh economy would be to graduate from the status of the least developed country, which would be a bigger challenge than the US tariff, said Commerce Adviser SK Bashir Uddin...
Midsized German firms bet on niche products
While Germany鈥檚 big companies groan under the US tariff burden, many small and midsize firms, the backbone of Europe鈥檚 top economy, are confident their highly-specialised goods will just keep selling...
RMG exports drop in Apr-Jun due to NBR protest, tariff fear
The export of readymade garments experienced negative growth in the April-June quarter of the past financial year 2024-25, compared to the preceding quarter of January-March in FY25, primarily due to extended protests by the National Board of Revenue officials and tariff concerns...
BoE cuts rate as keeps watch over tariffs
The Bank of England on Thursday cut its key interest rate by a quarter point to four per cent, the lowest level in 2.5 years, as it bids to boost a UK economy still threatened by US tariffs...
Honda Q1 profit hit by tariffs, but lifts annual outlook
Japanese car giant Honda said Wednesday its net profit halved in the first quarter because of US tariffs, but upgraded its annual profit forecast after Tokyo finally hammered out a trade deal with Washington.
Trump tariffs: Mexico, Canada discuss strategy
Mexico鈥檚 president on Tuesday hosted senior Canadian officials to discuss strategy in the face of US President Donald Trump鈥檚 trade tariff offensive.
S African president talks to Trump over tariff
President Cyril Ramaphosa called president Donald Trump ahead of the US imposition of 30-per cent tariffs on South African exports Thursday and the leaders agreed to 鈥榝urther engagements鈥�, the government said.
India faces tough choices under US tariff pressure
India faces an ultimatum from the United States with major political and economic ramifications both at home and abroad: end purchases of Russian oil or face painful tariffs.
Indian exporters say 50pc US levy a 鈥榮evere setback鈥�
Indian exporters warned on Thursday that the cost of additional US tariffs risked making businesses 鈥榥ot viable鈥� after president Donald Trump ordered steeper levies totalling 50 per cent on imported Indian goods...
Trump announces 100pc chip tariff
Donald Trump has announced a 100 per cent tariff on semiconductors from firms that do not invest in the United States 鈥� sparking volatility in Asian chipmaker shares Thursday...
Higher US tariffs kick in for dozens of trading partners
The United States began charging higher tariffs on goods from dozens of trading partners Thursday, in a major escalation of president Donald Trump鈥檚 drive to reshape global commerce in America鈥檚 favour...
Brazil seeks WTO relief against Trump tariffs
Brazil on Wednesday approached the World Trade Organisation聽 for relief against a hefty trade tariff imposed by president Donald Trump on more than a third of US-bound exports from the Latin American powerhouse...
TSMC 鈥榚xempt鈥� from Trump鈥檚 100pc chip tariff: Taiwan
Taiwanese chipmaking giant TSMC 鈥榠s exempt鈥� from US president Donald Trump鈥檚 100 per cent tariff on semiconductor chips, Taipei said Thursday...
Germany factory output lowest since pandemic
German industrial production slumped in June to its lowest level since the pandemic in 2020, data showed Thursday, underlining the fragility of Europe鈥檚 top economy even before US President Donald Trump鈥檚 new tariffs kicked in...
Trump targets tariff evasion, with eye on China
As the United States ramps up tariffs on major trading partners globally, president Donald Trump is also disrupting strategies that could be used 鈥� by Chinese companies or others 鈥� to circumvent them...
Pharma, chips tariffs incoming as trade war widens: US
US president Donald Trump signalled Tuesday that fresh tariffs on imported pharmaceuticals and semiconductors could be unveiled within the coming week, as a cascade of incoming duties promises to reshape global trading ties...
Steeper US tariffs take effect on many Brazilian goods
US tariffs on many Brazilian products surged Wednesday, as president Donald Trump moved ahead with a pressure campaign against the trial of his right-wing ally Jair Bolsonaro...
Finance adviser sees scope for further cut in US tariff
Finance adviser Salehuddin Ahmed on Wednesday said that the country still had the scope for bargaining over the tariff rate the United States imposed on Bangladeshi exports to the US.
Trump adds additional 25% tariff on India over purchase of Russian oil
US President Donald Trump ordered an additional 25 per cent tariff on Indian goods on Wednesday over New Delhi鈥檚 continued purchase of Russian oil, a key revenue source for Moscow鈥檚 war in Ukraine.
Who wins, who loses?
IN A world of escalating trade tensions and transactional diplomacy, tariffs have re-emerged as pivotal instruments for recalibrating national economies. At their core, tariffs are not merely financial levers; they are strategic tools for what one might call economic homeostasis 鈥� a term borrowed from physiology, which refers to maintaining equilibrium across key...
Trump tariffs don鈥檛 spare his fans in EU
Hungarian prime minister Viktor Orban promised that the return of his 鈥榙ear friend鈥� Donald Trump as US president would usher in a new 鈥榞olden age鈥�...
EU suspends tariff retaliation after Trump trade deal
The EU announced the suspension on Tuesday of its retaliatory tariffs on US goods worth 93 billion euros ($107 billion) after Brussels struck a deal with Washington last month...
Incoming pharma tariff may go as high as 250pc: Trump
US president Donald Trump said Tuesday that upcoming tariffs on imported pharmaceuticals could reach 250 per cent, after starting at a lower level, while adding he plans to also unveil fresh duties on foreign semiconductors...
South Africa eyeing new markets after US tariffs
South Africa is seeking new markets in Africa and Asia as it negotiates with the United States over looming 30-per cent trade tariffs, which could cost around 30,000 jobs, officials said Monday...