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U.S. Tariff Increase highlights urgent need to boost intra-African trade

African economies find themselves at a critical crossroads, faced with the dual pressures of American protectionism and the pressing need for strategic economic realignment. The recent announcement from the U.S. government regarding tariffs reaching up to 50% on imports from 185 countries—51 of......

Trump tariffs sow fears of trade wars, recession, and a $2,300 iPhone

Global concern mounted after U.S. President Donald Trump unveiled sweeping tariffs, sparking fears of a global recession and sharply higher prices in the American market. Financial markets around the world plunged in response, while leaders from major economies criticized the move as a blow to decades......

IMF warns US tariffs threaten global economic stability

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, issued a stark warning on Thursday regarding the potential consequences of new U.S. tariffs. She emphasized that the recently announced trade measures pose a serious threat to global economic prospects, urging the United......

Strategic Morocco-U.S. partnership amid new tariffs

Government spokesperson Mustapha Baitas reaffirmed the significance of the Morocco-U.S. partnership in response to concerns over the newly imposed 10% tariffs by the U.S. administration. He described the alliance as strategic and multifaceted, emphasizing Morocco’s unique position as the only African......

The impact of the US-China trade war on the UK-US special relationship

Since Winston Churchill first coined the term “special relationship” in 1946, it has been the cornerstone of the bond between the UK and the US. This relationship, which was initially forged in the face of Soviet opposition, has grown stronger over the decades. However, after nearly 80 years,......

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's Tariff Policy and Its Potential Impact on Morocco

The United States' economic partners are closely watching President Donald Trump's announcement on April 2, 2025, regarding the imposition of stricter tariffs on imports from various countries. However, will Morocco be affected by this decision? According to economist Mohamed Benayad, an expert......

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......

Gold Hits Record High Amid U.S. Tariff Concerns

Gold prices surged to an all-time high on Tuesday as investors turned to safe-haven assets amid growing fears over new U.S. tariffs. Spot gold rose 0.6% to $3,143.05 per ounce after reaching a record $3,148.88 earlier in the session. Meanwhile, U.S. gold futures climbed 0.6% to $3,169.50. The metal......

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”......

South Korea, China, and Japan strengthen regional trade cooperation amid U.S. tariffs

South Korea, China, and Japan held their first economic dialogue in five years on Sunday, aiming to boost regional trade amid the looming threat of U.S. President Donald Trump's tariffs. During the meeting, the three nations' trade ministers agreed to collaborate closely on high-level discussions......

Canada Ends Era of Close Ties With the US Amid Auto Tariffs

Canadian Prime Minister Mark Carney declared the end of the historically close economic, security, and military relationship between Canada and the United States following the announcement of new auto tariffs by President Donald Trump. Trump’s decision to impose a 25% tariff on vehicle imports......

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