President Donald Trump and Chinese President Xi Jinping are expected to reach a deal to avert a new 100% U.S. tariff on Chinese goods and are likely to meet in person soon, Treasury Secretary Scott Bessent said following talks with Beijing’s top trade negotiator. Bessent told NBC News’ “Meet the Press” moderator Kristen Welker in…
U.S. President Donald Trump’s renewed threat to impose a 100% tariff on all movies produced outside of the country could upend the global industry — and deliver a heavy blow to Britain’s already fragile sector. The White House leader first announced duties on movies produced outside the U.S. in May this year. He than reiterated…
The European Union’s plan to hike tariffs on steel imported over and above its annual threshold could tip the United Kingdom’s steel industry into its worst crisis in history, industry leaders have warned. On Tuesday, the European Commission proposed that the 27-member bloc would slash its tariff-free steel import quota by 47 percent to 18.3…
Shelf of pharmaceutical products. D3sign | Moment | Getty Images President Donald Trump announced Thursday that the U.S. will impose a 100% tariff on “any branded or patented Pharmaceutical Product” entering the country from Oct. 1. The measure will not apply to companies building drug manufacturing plants in the U.S., Trump said. He added that…
India defies US President Donald Trump’s bullying. Will African countries do the same? Are US President Donald Trump’s attempts to bludgeon the world into submission with massive tariffs starting to backfire? This question arose after the cosy meeting between Indian Prime Minister Narendra Modi, Russian President Vladimir Putin and Chinese President Xi Jinping at this…
The author, Business Leadership South Africa CEO Busi Mavuso There is surely no greater sign of the urgent need for reform of the electricity sector than the way Eskom’s electricity tariffs are set. The whole system is far from the way prices should be set – through a competitive market in which firms aim to…
Donald Trump. Image: Gage Skidmore US President Donald Trump on Monday threatened countries that have digital taxes with “subsequent additional tariffs” on their goods if those nations do not remove such legislation. Sources said earlier that the Trump administration was considering imposing sanctions on EU or member state officials responsible for implementing the bloc’s landmark…
Some say Africa should present a unified response to US tariffs – but is that possible? It is hard to discern a continental pattern in United States (US) President Donald Trump’s new ‘reciprocal’ import tariffs imposed on African countries last week. It is also difficult to discern whether a unified response by Africa is possible…
Apple has committed an additional $100 billion to expand its U.S. manufacturing efforts, bringing its total planned investment to a staggering $600 billion over the next four years. This move, announced in response to pressure from President Donald Trump, includes a new American Manufacturing Program aimed at moving more of Apple’s supply chain and advanced…
U.S. President Donald Trump speaks to reporters near Air Force One at the the Lehigh Valley International Airport on August 03, 2025 in Allentown, Pennsylvania. Anna Moneymaker | Getty Images After months of speculation, U.S. President Donald Trump has divulged more of his semiconductor tariff plans, but his latest threats might raise more questions than…
