Trump threatens 200% tariffs on French wine over Board of Peace dispute
Former US President Donald Trump has threatened to impose a massive 200 percent tariff on French wine, escalating tensions between the United States and France. The warning followed a dispute linked to the so-called “Board of Peace,” which Trump claims is being used to undermine American interests. Trump accused France of taking unfair positions and […]
Trump threatens Canada with 35 per cent tariff rate starting August 1
Former U.S. President Donald Trump has told Canadian Prime Minister Mark Carney that the U.S. will start charging a 35% tax on goods from Canada starting August 1. He made this official in a letter sent on Thursday, July 10. Canada now joins other countries affected by Trump’s recent trade decisions. This news comes while […]
US tariffs show extreme egoism – China foreign minister
China’s Foreign Minister, Wang Yi, has spoken out against US tariffs, saying they show “extreme egoism.” He said China supports international trade rules and is against protectionism. Wang made these comments during a meeting with Central Asian foreign ministers in Kazakhstan. He said China wants to work with other countries to stand against unfair trade […]
Tariffs: Let’s fight US together – China urges Japan
China has asked Japan to work together in responding to the United States’ recent tariff moves. Chinese Premier Li Qiang sent a letter to Japan’s Prime Minister Shigeru Ishiba, urging a united stand against what he called “protectionist” policies by the US government. The letter, sent through the Chinese embassy in Japan, was reported by […]
Tariffs: Don’t strike trade deal with US at our expense – China warns countries
China has warned other countries not to make trade deals with the United States that would harm China. This warning comes as tensions grow between the two largest economies in the world. On Monday, China’s Commerce Ministry said that while China supports fair and equal discussions to solve trade problems, it will not accept any […]
We are not afraid – Xi Jinping says as China Raises Tariffs on U.S goods to 125% as Tit-For-Tat Trade War Escalates
The trade war between China and the U.S. is getting even more serious. On April 11, China announced it will raise taxes on American goods from an average of 84% to a massive 125%. This is China’s strongest move yet in response to U.S. tariffs. President Xi Jinping said during a meeting with Spain’s Prime […]
Tariff war could cut US-China goods trade by 80% – WTO Chief Okonjo-Iweala
The head of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has warned that the trade war between the United States and China could cut goods trade between the two countries by 80%. She said this could also hurt the rest of the world’s economy. “The escalating trade tensions between the United States and China pose […]
EU hits back at Trump with retaliatory tariffs on US goods worth $23.2 billion as trade war escalates
The European Union (EU) has introduced its first round of retaliatory tariffs against the United States, worth $23.2 billion. This decision is in response to the tariffs former U.S. President Donald Trump imposed on European steel and aluminum. The new EU tariffs will target a wide range of U.S. products, including soybeans, motorcycles, beauty products, […]
Naira records highest depreciation against dollar amid Trump’s tariff war
This week, the Nigerian naira experienced its biggest drop against the US dollar at the official exchange market. The Central Bank of Nigeria (CBN) reported that the naira fell to N1,552.53 per dollar on Thursday, down from N1,531.25 on Wednesday. This represents a N21.28 drop in just one day, the largest single-day decline since March […]
US tariffs: Dumbest decisions as president – Senator Schumer attacks Trump
US Senator Chuck Schumer has criticized former President Donald Trump over the way he used tariffs during his time in office. Schumer, who is the Democratic leader in the Senate, said that Trump’s decisions about tariffs were among the worst he made as president. Posting on social media, Schumer questioned why Trump didn’t put tariffs […]