The World Bank has issued a stark warning, indicating that global growth could fall even lower than anticipated. Also read: World Bank partnership: A step forward for Kaduna’s development – AYCF This grim outlook is primarily driven by escalating trade barriers, with the report emphasising that the average effective tariff imposed by the United States is at its highest level in …

The president of Zimbabwe, Emmerson Mnangagwa, has suspended all tariffs on goods from the United States, a few days after the White House imposed an 18 per cent rate on imports from the African country. On 5 April, Mnangagwa wrote on social media platform X: ‘The principle of reciprocal tariffs, as a tool for safeguarding domestic employment and industrial sectors, …

US President Donald Trump threatens steep additional tariffs on Chinese imports if Beijing does not drop its retaliation plans, adding that Washington is open to negotiations with other countries. ‘If China does not withdraw its 34 per cent increase on top of their long-standing trade abuses by tomorrow, 8 April 2025, the United States will impose additional tariffs on China …

French Finance Minister Eric Lombard told AFP on Thursday that the European Union (EU) ‘would do the same’ if the United States (US) proceeds with the 25% tariffs announced by President Donald Trump. Speaking on the sidelines of the G20 finance ministers’ meeting in Cape Town, Lombard noted that while tariff increases are not in the general interest, the EU …

US President Donald Trump said Monday that tariffs he unveiled on Canada and Mexico are moving forward as planned, addressing reporters after meeting with French counterpart Emmanuel Macron, who urged for ‘fair competition’ in trade. The two leaders’ talks, which were focused on the conflict in Ukraine, come as Trump has threatened allies and adversaries alike with steep tariffs, sparking …

The United States, US has agreed to delay the start of tariffs on goods from Mexico for one month, presidents Claudia Sheinbaum and Donald Trump said Monday after holding talks. As part of a series of agreements between the closely connected neighbors, Mexico will reinforce security along its border with the United States to fight drug trafficking, Sheinbaum announced. ‘We …