Trump Gambles with the Global Economy by Imposing Tariffs

(250402) -- WASHINGTON, April 2, 2025 (Xinhua) -- U.S. President Donald Trump shows an executive order on "reciprocal tariffs" at the Rose Garden of the White House in Washington, D.C., the United States, on April 2, 2025. Amid widespread opposition, U.S. President Donald Trump on Wednesday signed an executive order on the so-called "reciprocal tariffs," imposing a 10-percent "minimum baseline tariff" and higher rates on certain trading partners. (Xinhua/Hu Yousong)

April 2025 opened in typical Trump fashion, with Washington imposing blanket tariffs on imports to the US. Following the announcement, markets from New York through Shanghai witnessed severe shockwaves. Subsequently, the internet was awash with Trump supporters celebrating the effect, particularly on the Shanghai and Hong Kong stock markets, praising Trump’s ingenuity.  However, a week… Continue reading Trump Gambles with the Global Economy by Imposing Tariffs

As Western countries, especially the US, look inward, China is advancing global cooperation

Chinese President Xi Jinping and foreign leaders arrive to attend the opening ceremony of the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) at the Great Hall of the People in Beijing, capital of China, Sept. 5, 2024. (Xinhua/Huang Jingwen)

Since the start of its “going global” strategy in March 2000, China has pursued a more open approach to cooperation, backed by the aspiration for shared prosperity. Needless to say, this has not been without resistance. Indeed, there has been a wave of anxiety-driven economic policies in the West, particularly in the US. In contrast,… Continue reading As Western countries, especially the US, look inward, China is advancing global cooperation

Africa Faces a Bright Economic Outlook Despite Internal and External Challenges

An employee of a textile company works at a workshop at Eastern Industry Zone in Dukem, Ethiopia, on 16 February 2024. Photo: Xinhua

It’s that time of the year again when we find ourselves reflecting on the year that was and the year ahead. On the African continent, many countries are still recovering from the aftershocks of the COVID-19 pandemic and are doing so amid a fraught geopolitical environment. These tensions have, to some extent, created hurdles in… Continue reading Africa Faces a Bright Economic Outlook Despite Internal and External Challenges

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