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Economy



European response anticipated as U.S. announces new tariffs

European leaders are "ready to respond" to the new tariffs announced by U.S. President Donald Trump and are preparing countermeasures, asserted Ursula von der Leyen, President of the European Commission. The European Union is already working on "a new package of countermeasures"......

Trump Escalates Global Trade War With Sweeping Tariffs

U.S. President Donald Trump intensified a global trade dispute by imposing broad tariffs on imports from both allies and adversaries, disrupting financial markets and challenging long-standing free trade principles. The European Union and China quickly announced retaliatory measures, while Australian......

Europe's response to Trump's tariff plans

Europe has a well-prepared response ready to counteract any tariff increases by the United States if necessary, according to Ursula von der Leyen, the president of the European Commission. In anticipation of President Donald Trump's announcement on April 2 regarding significant new tariffs, von der......

Trump Softens Stance on Tariffs amid Market Volatility

U.S. President Donald Trump has announced that his upcoming reciprocal tariffs will be lower than those imposed by other countries, aiming to ease concerns in global markets. Speaking at the White House, Trump emphasized that his trade measures, set for announcement on Wednesday, will be “kinder”......

EU aluminum wheel tariffs on Morocco signal broader trade tensions with China

Morocco is now caught in the midst of escalating global trade tensions, reflecting a complex geopolitical landscape. The European Commission has recently imposed significant compensatory duties on aluminum wheel exports from Morocco, a move interpreted by experts as a strategic signal aimed primarily......

Spain’s Untapped Mining Potential Gains Renewed Interest

Spain, a key player in the European mining sector, operates 2,600 mines, generating annual revenues of €3.5 billion ($3.8 billion). As the EU's second-largest producer of copper and magnesite, Spain holds significant yet largely unexplored mineral wealth, according to experts in the field. Geologist......

Gold prices surge as Middle East tensions escalate

Gold prices reached new heights on Tuesday morning, driven by a resurgence of violence in the Middle East. Tariffs imposed by Washington, along with retaliatory measures from affected countries, have dampened investor enthusiasm, prompting a shift towards safe-haven assets. Shortly after 9:20 AM, gold......

Morocco's industrial transformation: A rising economic powerhouse

Morocco has made significant strides over the past 25 years in modernizing its infrastructure and diversifying its economy, as highlighted in a recent article by the Spanish financial daily, El Mundo Financiero. In its examination of "Morocco's industrial revolution," the publication emphasizes......

US Tariffs on Steel and Aluminum Escalate Global Trade War

The United States has implemented new tariffs on steel and aluminum imports, further intensifying the global trade war initiated by President Donald Trump. As of Wednesday, all metal imports are now subject to a 25% tariff with no exemptions, and the duty on aluminum has increased from 10%. The expiration......

Morocco eyes €1 billion euro bond sale amid falling yields

Morocco is preparing to tap international debt markets with a new euro-denominated bond issuance, its first since 2023, to help finance an ambitious infrastructure development program ahead of co-hosting the 2030 FIFA World Cup. Finance Minister Nadia Fettah Alaoui emphasized the country's current......

Moroccan textile sector accelerates transition to circular economy with IFC support

The Moroccan textile industry is taking a significant step towards a more sustainable future, driven by a strategic transition to a circular economy model. With the support of a $1.7 million program funded by the International Finance Corporation (IFC), the sector is aiming to establish a recycling and......

Madrid hosts economic forum to boost Spanish investments in northern Morocco

Madrid will host an economic forum on February 19 and 20, 2025, aimed at encouraging Spanish investments in northern Morocco. The event is part of the International Business and Investment Fair “IMEX – Madrid 2025,” organized by the Spanish Chamber of Commerce at the Palacio de Cibeles. According......

Trump announces tariffs in escalating trade conflict

U.S. President Donald Trump has unveiled plans to impose a 25% tariff on all steel and aluminum imports, alongside retaliatory tariffs aimed at countries that impose tariffs on American goods. Trump confirmed on Sunday that he would formally announce the steel and aluminum tariffs the next day, with......

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