trade tensions

China says US plan to toughen semiconductor curb will backfire

Beijing says the US plan of coercing other countries into going after China's semiconductor industry will backfire. It follows a report by Bloomberg that said Donald Trump's administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China's chip industry. Laura Westbrook has more.

26 February, 2025 41

Business / Economics

China calls on United States to show ‘mutual respect’ after Trump comments

China has called for the United States to show "mutual respect" in managing trade tensions after President Donald Trump said a trade deal with Beijing was "possible". At the beginning of February, Trump imposed additional tariffs of 10 percent on all products imported from China. Laura Westbrook.

21 February, 2025 54

Business / Economics

Trump to add lumber to tariffs list

US President Donald Trump says he'll add lumber to the list of goods facing new tariffs. The move is expected to hurt neighbors Canada and Mexico particularly hard. Nick Harper reports from Washington.

21 February, 2025 52

Business / Economics

Morning Biz News – 20 February 2025

Toyota Leads Vehicle Market in January Toyota has maintained its dominance in Namibia’s vehicle market, recording 555 new vehicle sales in January 2025. According to Simonis Storm Junior Economist Almandro Jansen, Toyota accounted for a significant portion of total sales, with 306 light commercial vehicles, 242 passenger vehicles—including popular models like the Corolla Cross and Fortuner—and several medium commercial units. The brand’s strong performance reinforces its leadership in both passenger […]

20 February, 2025 33

Business / Economics

India’s high tariffs are a barrier to imports

US President Donald Trump's top economic advisor has said that India's high tariffs are a barrier to imports. The comments, made in an interview with CNBC, come ahead of Indian Prime Minister Narendra Modi visit to the US this week. Rebecca Bundhun has more from Mumbai.

11 February, 2025 50

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 […]

3 February, 2025 55

Opinion Pieces

China’s high-quality development presents new opportunities for Namibia’s modernization

By Josef Kefas Sheehama As the world economy is facing a tough situation in 2023, with probably tougher prospects for 2024, China’s economic outlook carries global significance. China’s modernization stride will inject more certainty into the global economy. As Namibia's projected economy to 3.9% expansion in 2023 and a 3.4% growth in 2024, according to the Bank of Namibia's Economic Outlook, the smart partnership with China will elevate Namibia’s […]

15 December, 2023 52