International trade
U.S. President Donald Trump issued a warning on Monday, stating that countries supporting BRICS nations (Brazil, Russia, India, and China) would face an additional 10% tariff when across-the-board import duties on the United States' trading partners take effect on August 1. The threat came after reports of a
Tariffs
The United States and the European Union, the world's most significant trade partners, are locked in a high-stakes trade war, with US President Donald Trump threatening to impose punishing tariffs on EU goods. The EU is prepared to retaliate, which could have far-reaching consequences for both economies and
International trade
As the BRICS leaders meeting in Rio de Janeiro on Sunday, they are expected to condemn US President Donald Trump's "indiscriminate" trade tariffs, deeming them illegal and a threat to the global economy. The emerging nations have united over "serious concerns" about US import
International trade
The European Union is bracing for punishing tariffs from the United States, set to take effect on Monday, in a move that economists warn will have far-reaching consequences for companies and consumers on both sides of the Atlantic. The trade dispute, sparked by the Trump administration's efforts to
Tariffs
At a time when portfolio diversification is more vital than ever, the emerging markets of Asia, Europe, and Latin America have undergone a significant change in perception, from a danger zone to a land of opportunity. With Wall Street investors flocking to these territories as a potential solution to the
Tariffs
The Trump administration's trade war has hit a crucial milestone, with only days left to meet the July 9 deadline for deals with dozens of countries. In a bold prediction, President Trump's trade adviser Peter Navarro said his team would secure 90 deals in 90 days,
International trade
In an increasingly interconnected and competitive world, countries are turning to protectionism as a means of securing their economies. However, this trend should be a concern to nations that rely heavily on global supply chains, like Malaysia. The country's manufacturing economy is heavily reliant on imported technologies, making
Tariffs
Amid a global shift towards protectionism, China's announcement of a new economic pact with Africa has significant implications for Nigeria's trade relations and economic growth. The policy, which will eliminate tariffs on imports from 53 African countries, is a major opportunity for Nigeria to boost its
International trade
As the deadline for the implementation of a 31% tariff on South African exports to the US market looms, South Africa has formally requested an extension from the US authorities. The move is a desperate attempt by Pretoria to secure more time to finalize a trade agreement that would protect
Tariffs
The Bank for International Settlements, known as the central bank of central banks, has warned that US trade protectionism will lead to a further fragmentation of the world economy, increasing the risk of a financial panic centered on the global bond market. The bank's warning highlights the deepening
International trade
As global trade becomes increasingly disrupted by geopolitical conflicts and pandemics, companies are seeking more reliable and strategic supply chain arrangements. Friendshoring, where companies establish supply chain networks with countries considered political and economic allies, is becoming a crucial strategy for the Gulf Cooperation Council (GCC) nations, including Bahrain, Kuwait,
Tinubu, Bola
President Bola Ahmed Tinubu has conferred Nigeria's highest national honour, the Grand Commander of the Order of the Niger (GCON), on Benedict Oramah, President of Afreximbank. This recognition comes in recognition of Oramah's transformative leadership over the past decade, during which the bank's assets
