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African Development Bank chief warns of tariff 'shock wave'
African Development Bank chief warns of tariff 'shock wave'
Business and Economy
by  AFP

An onslaught of tariffs by the United States will send "shock waves" through African economies, the president of the African Development Bank said on Friday, warning of reduced trade and higher debt-servicing costs. A baseline 10-percent levy remains in place for all countries, along with higher tariffs on Chinese imports to the United States -- scrambling decades of global trade policy.

Jolted by Trump, EU woos new partners from Asia to Latin America
Jolted by Trump, EU woos new partners from Asia to Latin America
Business and Economy
by  AFP

Shaken by Donald Trump's tariff blitz, the EU has embarked on a charm offensive to diversify its alliances in Asia and beyond, with summits lined up back-to-back and trade talks launched in all directions. This week alone, the EU agreed to launch talks for a free trade deal with the United Arab Emirates and confirmed a high-level summit in China in July, hot on the heels of a meeting in Japan.

Trump tariffs unnerve locals in Irish 'pharma' hub
Trump tariffs unnerve locals in Irish 'pharma' hub
Business and Economy
by  AFP

Vast pharmaceutical factories pepper the green landscape in southern Ireland, but the wind turbines next to the plants outside Cork are in the eye of Donald Trump's global trade storm. "If tariffs were to become a permanent feature of global trade, and if there are changes, we'll see it further down the line with pipeline decisions about next investments," he said. pmu/jkb/jhb