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Canada vows retaliatory tariffs after US trade talks collapse

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Policy and Regulations

Canada vows retaliatory tariffs after US trade talks collapse

Canadian Prime Minister Mark Carney said Saturday he would slap retaliatory tariffs on the United States after walking away from a “bad deal” on trade, deepening the rift between the longtime allies. Negotiations between the neighboring countries broke down on Friday in Washington, allowing new 50-percent US tariffs impacting some $20 billion worth of goods, […]

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US tariffs on Canada take effect as deal collapse

Hefty United States tariffs on some Canadian products took effect on Saturday after days of negotiations that went down to the wire failed to produce an agreement. Canadian Prime Minister Mark Carney vowed that his country will match the US tariffs “dollar for dollar to protect our workers and businesses,” as officials said late Friday […]

Opinion

SEREC warns of naira pressure from new US tariff hike

The Sea Empowerment & Research Center has warned that the United States’ decision to impose a 12.5 per cent tariff on Nigerian exports could undermine the country’s non-oil export drive, weaken foreign exchange earnings and further expose the fragility of the nation’s economy if urgent countermeasures are not adopted. In a policy analysis titled, “The […]

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Trump raises global tariff to 15% after court ruling

United States President Donald Trump has announced the imposition of global tariffs at 15 per cent, continuing his criticism of a Supreme Court ruling that invalidated his prior import taxes. On Friday, Trump stated that he would substitute the tariffs nullified by the court with a 10 per cent levy on all goods entering the […]

India seeks to keep US trade talks on track despite tariff hike
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US Supreme Court strikes down Trump’s sweeping global tariffs

The United States Supreme Court on Friday ruled Donald Trump’s sweeping global tariffs illegal — a stunning political setback that blocks the signature policy of the president’s economic agenda. The conservative-majority high court ruled six-three in the judgment, saying that an emergency powers law known as the International Emergency Economic Powers Act (IEEPA) “does not […]

featured Finance

US House rejects Trump’s tariffs on Canada despite threats

United States House lawmakers voted Wednesday to reject Donald Trump’s tariffs on Canadian goods. The vote swept aside the president’s last-gasp threat of election consequences for Republicans. It delivered a rare rebuke on his signature economic policy. The measure, brought by Democrats, was approved 219-211. Six Republicans joined the effort to pass the resolution. The […]

India seeks to keep US trade talks on track despite tariff hike
Policy and Regulations

Trump imposes tariffs threat on nations selling oil to Cuba

United States President Donald Trump signed an executive order on Thursday that threatens to impose additional tariffs on countries selling oil to Cuba. The move significantly increases economic pressure on the communist-led island nation. The executive order, released by the White House, states in part: “An additional ad valorem (estimated value) duty may be imposed […]

Nigeria-China trade hits $23bn - Envoy
Economy

US tariff: UK PM leads race in trade ties with China

Britain’s Keir Starmer is the latest Western leader to heat up trade ties with China in a shift analysts say is driven by US tariff pressure and unease over Donald Trump’s volatile policy playbook. The prime minister’s Beijing visit this week to promote “pragmatic” co-operation comes on the heels of advances from the leaders of […]

India seeks to keep US trade talks on track despite tariff hike
featured Finance

Trump announces tariff hike on South Korean imports

President Donald Trump said on Monday that the United States will raise tariffs on imports from South Korea, citing the failure of the country’s National Assembly to ratify a trade framework unveiled last year. In a social media post, Trump said duties would increase on South Korean automobiles, lumber and pharmaceutical products, while tariffs on […]

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