Tensions between the United States and China escalated dramatically this week, as Beijing issued a bold warning in response to President Donald Trump’s latest tariff threats. On Tuesday, Chinese officials declared they would “fight to the end” if the U.S. follows through on plans to impose an additional 50 percent tariff on Chinese goods —…
The US-China trade war has reached a new boiling point. In a dramatic escalation, President Donald Trump announced an additional 50% tariff on all Chinese imports—less than 48 hours after Beijing retaliated with its own 34% hike on US goods. This tit-for-tat exchange now brings the total US tariff on Chinese exports to a staggering…
The ongoing trade war between the United States and China is reshaping the global economic landscape, and Africa is poised to reap some unexpected benefits. According to the January 2025 edition of the Pan-African Manufacturers Association (PAMA) bulletin, the tensions between these two economic giants could lead to increased foreign direct investment (FDI) in Africa’s…
The European Central Bank (ECB) still has room to lower interest rates further as inflation continues to moderate, according to ECB board member Piero Cipollone. However, he also cautioned that escalating trade tensions between the U.S. and China could have significant repercussions for the eurozone economy. Since June, the ECB has reduced borrowing costs five…
