trade imbalance

New tariffs to be rolled out from the U.S. to be reciprocal to each country

U.S. President Donald Trump has added another round of tariffs detailed in a memo signed on Thursday. They will be worked out individually on countries proportional to their trade imbalance with the U.S. Caroline Malone reports.

14 February, 2025 57

Africa

China reaps most of the benefits of its relationship with Africa: what’s behind the imbalance

By Bhaso Ndzendze, University of Johannesburg The ninth Forum on China-Africa Cooperation in Beijing takes place under the theme of “Joining hands to advance modernisation and build a high-level China-Africa community with a shared future”. But how shared can that future be between the Asian economic giant and Africa? The eight summits since 2000 have not resulted in mutual gain, particularly in trade and industrialisation for Africa. China […]

2 September, 2024 41

Africa

Africa’s new online foreign exchange system will enable cross-border payments in local currencies – what you need to know

By Christopher Adam, University of Oxford The high cost of making cross border payments on the African continent has driven governments on the continent to seek options of settling trade and other transactions in local currencies. This has given birth to the Pan-African Payment and Settlement System which is scheduled to go live in 2024 under Kenya’s leadership. Development economist Christopher Adam, who has studied the exchange rate policies of […]

28 November, 2023 21