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Business / Economics

China imposes retaliatory tariffs on $14bn worth of US goods

China has imposed retaliatory tariffs on the US, hitting about $14bn worth of goods and dashing hopes that a trade war between the world's two largest economies could be avoided. Beijing announced the tariffs last week in response to a US decision to impose an additional 10 per cent levy on Chinese products. Laura Westbrook has more.  

today10 February, 2025

Business / Economics

Solidarity Warns SA Could Lose AGOA Trade Benefits

Trade union Solidarity says South Africa risks losing its African Growth and Opportunities Act trade benefits with the United States due to poor diplomatic relations. The union blames the government’s ties with China, Russia, and Iran, along with policies like the Expropriation Act, for straining US relations. Solidarity’s Jaco Kleynhans vows to continue lobbying for AGOA’s renewal this year to safeguard over 500-thousand jobs:  

today5 February, 2025

South Africa

Risk Analysis Centre Warns of Possible US Sanctions on SA Officials

The Centre for Risk Analysis has cautioned that South African officials involved in shaping policies on Iran, China, Russia, and Israel could face targeted sanctions from the United States. The organization notes that officials directly linked to corruption are particularly vulnerable. According to the centre, South Africa’s renewed legal action against Israel further increases the likelihood of sanctions. Analyst Chris Hattingh warns that Washington may impose measures as a signal […]

today5 February, 2025

Business / Economics

US & Mexico strike deal to pause tariffs

The US and Mexico have struck a deal to delay Washington imposing 25% tariffs on Mexican goods. It follows a phone call between the two leaders. Tariffs on Canadian and Chinese goods are still due to come into effect on Tuesday. Nick Harper reports from Washington.  

today4 February, 2025

Business / Economics

Mexico, Canada, and China have announced retaliatory tariffs against the US

  Mexico, Canada, and China have announced retaliatory tariffs against the US. This comes after president Donald Trump said a tax of 25-percent on Canadian and Mexican imports and an additional ten-percent tax on Chinese goods will come into force on Tuesday. Canada and Mexico have both announced retaliatory tariffs of 25-percent on US goods. China says it will file a lawsuit with the World Trade Organisation. Canadian prime minister […]

today3 February, 2025

Business / Economics

White House confirms China, Canada, Mexico tariffs

  The White House has confirmed fresh tariffs will come into effect this past Saturday against China, Canada and Mexico. That's despite concerns the move will push up prices for US consumers. Press Secretary Karoline Leavitt spoke about the decision to push ahead with the import duties at Friday's press briefing. In news just in...The Canadian Department of Finance has released a list of U.S. products that will be subject […]

today3 February, 2025

World

Trump acknowledges tariffs may bring “pain” to Americans

US President Donald Trump has defended his decision to impose sweeping tariffs on the United States' top three trading partners, even as he acknowledged there may be "some pain" for Americans. Posting on his Truth Social platform he hit back at criticism arguing the action was warranted against China, Canada and Mexico. Kate Fisher reports from Washington.  

today3 February, 2025