The US has agreed to reduce import taxes on a set number of British cars and allow some steel and aluminium into the country tariff-free, as part of a new agreement between the US and UK. The announcement offers relief for key UK industries from some of the new tariffsContinue Reading
Donald Trump says he will talk with Hollywood executives, after an earlier announcement that he would hit films made in foreign countries with 100% tariffs sent shockwaves through the industry. The US president said on Sunday he was authorising the commerce department to start the process to impose the levyContinue Reading
The Ghana cedi started this week on a weaker note after strengthening against the US dollar last week amid a weakening US dollar Index. It depreciated slightly against the American greenback in the retail market, going for GH¢16.00. This culminated in a year-to-date depreciation of 2.36%. It is, however, unclearContinue Reading
The United States Ambassador to Ghana, Virginia Palmer, has called for further dialogue with the government of Ghana following high-level talks at the Ministry of Foreign Affairs over the recent imposition of a 10 percent tariff on imports from Ghana and several other countries. The new tariff policy, set toContinue Reading
A billionaire backer of Donald Trump has urged the US president to pause his recently announced trade tariffs or risk “a self-induced, economic nuclear winter”. Hedge fund manager Bill Ackman, who lent his support to Trump before the 2024 presidential election, said the president should take three months to allowContinue Reading
Zimbabwe President Emmerson Mnangagwa has announced he will suspend tariffs on goods imported from the US in an attempt to build a “positive relationship” with President Donald Trump’s administration. The move comes days after Trump imposed 18% tariffs on Zimbabwean exports to the US. “This measure is intended to facilitateContinue Reading
African trade ministers are set to hold urgent discussions next week following the recent executive order signed by US President Donald Trump, which introduces new import tariffs for countries worldwide. Under the new directive, some African nations, such as Lesotho, could face import tariffs of up to 50% when theContinue Reading
The government has reiterated its commitment to tackling the recently imposed 10% universal tariffs by the United States on imports from Ghana and other countries. The U.S. announced on April 2, 2025, that a 10% tariff would be applied universally on imports from all nations, including Ghana, effective April 5,Continue Reading
The Ministry of Trade, Agribusiness & Industry has assured the Ghanaian private sector, especially major exporters, investors and the general public of the government’s commitment to engage the USA on the current imposition of tariffs on Ghanaian products. This is to avoid trade disruptions and investment decisions in the country.Continue Reading
The Managing Director of the International Monetary Fund, Kristalina Georgieva, has warned that the US tariffs announced by President Donald Trump pose a significant risk to the global outlook at a time of sluggish growth. In a statement, the IMF boss said her outfit is still assessing the macroeconomic implicationsContinue Reading