Global growth set for ‘weakest’ year since 2009 – excluding pandemic, Fitch warns
Fitch Ratings has downgraded its global growth forecast for 2025, warning that the intensifying trade war between…
Browsing Tag
US tariffs
Oil prices drops on Wednesday
Oil prices fell by about 1 per cent on Wednesday as escalating US-China trade tensions heightened concerns over…
Trump says to unveil pharma tariffs not-too-distant future
US President Donald Trump announced on Monday that he expects to impose tariffs on imported pharmaceuticals in the…
Fed’s Waller warns tariff shock poses major risk to US economy, complicates policy path
US Federal Reserve Governor Christopher J. Waller said on Monday the recent spike in US tariffs has created…
OPEC revises down 2025 oil demand forecast amid US tariff concerns
OPEC has slightly lowered its forecast on Monday for global oil demand growth in 2025, citing softer-than-expected…
China’s Q1 foreign trade rises 1.3% despite global headwinds
China’s foreign trade grew modestly in the first quarter of 2025, buoyed by strong export performance and…
UK raises export support amid trade pressures
Britain announced on Sunday it will boost its export finance support by £20 billion ($26 billion) to help…
China raises tariffs on US goods to 125% in retaliation
China raised its tariffs on US imports to 125 per cent, its Finance Ministry announced on Friday,
White House details 145% tariff on Chinese imports
The White House clarified on Thursday that China now faces a minimum tariff rate of 145 per cent on all imports to…
EU freezes tariff countermeasures after Trump’s pause
European Commission President Ursula von der Leyen said on Thursday that the European Union will pause its planned…
AfDB 2023