China To Raise Tariffs By 34% On US Products Starting April 10
China announced on Friday that it would impose 34 percent tariffs on all U.S. imports starting on April 10 in response to Washington's steep new tariffs on Chinese goods. “For all imported goods originating from the US, an additional tariff of 34 percent on top of the current applicable tariff rate will be imposed,” Beijing’s finance ministry said. Beijing’s Commerce Ministry...
Trump Reveals New $5m ‘Gold Card’ Visa
On Thursday, US President Donald Trump presented the first "gold card," a residency permit that costs $5 million each, on Air Force One. Holding a prototype that bore his face and an inscription, “The Trump Card,” the Republican president told reporters that the special visa would probably be available “in less than two weeks.” “I’m the first buyer,” he said. “Pretty...
Bitcoin Falls To $82,000 Following Trump’s Tariff Announcement
Following President Donald Trump's tariff announcement on April 2, Bitcoin saw significant swings, first rising to $88,000 and then falling to $82,000. By April 3, it stabilized around $83,000, with the broader crypto market down over 4%. Major altcoins like Ethereum and Solana also declined over 6%, hitting multi-month lows. Analysts see the tariff news as reducing market uncertainty, potentially attracting...
$10bn US-Nigeria Trade Under Threat From Trump’s Tariff
US President Donald Trump's recently imposed 14% tariff on Nigerian companies' exports poses a serious threat to the country's $10 billion yearly exports to the US, possibly upending important industries like the export of oil and agricultural products, experts and trade groups worried about a possible global trade war said Thursday. The economic experts, in separate interviews with The PUNCH,...
South Korean Court Dismisses Yoon Keol As President
Following months of political unrest, South Korea's top court unanimously decided on Friday to remove impeached President Yoon Suk Yeol from office due to his disastrous declaration of martial law, setting the stage for new elections. Yoon, 64, was suspended by lawmakers over his December 3 attempt to subvert civilian rule, which saw armed soldiers deployed to parliament. He was...
Global AI Market To Hit $4.8 Trillion By 2033 – UN
The UN warned Thursday that nearly half of jobs globally may be impacted by the projected $4.8 trillion global artificial intelligence market by 2033, which is about the size of Germany's economy. While AI is transforming economies and creating vast opportunities, the technology also risks deepening existing inequalities, the UN trade and development agency UNCTAD warned in a report. In particular,...
India Passes Bill Reforming Muslim Land Ownership
On Thursday, the Indian parliament approved a bill to reform extremely wealthy Muslim land-owning organisations. The opposition referred to the bill as an "attack" on a minority, while the Hindu nationalist government claimed it would increase accountability. Prime Minister Narendra Modi’s government argues the bill will boost transparency to more than a dozen powerful Waqf boards, which control properties gifted...
EU Vows Action Against Trump’s Tariffs
The European Union has stated that it is still open to talks while preparing retaliatory actions in response to the new tariffs that U.S. President Donald Trump has imposed. European Commission President Ursula von der Leyen said this on Thursday. Speaking on the sidelines of a summit with Central Asian leaders in Uzbekistan, she called Trump’s move a “major blow to...
Hungary Announces Withdrawal From ICC Following Netanyahu’s Visit
Hungary’s government announced on Thursday that it would withdraw from the International Criminal Court, just ahead of Prime Minister Viktor Orban's meeting with his Israeli counterpart, Benjamin Netanyahu, despite an ICC arrest warrant issued against Netanyahu. Orban extended an invitation to Netanyahu last November, saying Hungary would not execute the warrant, a day after the ICC issued the arrest warrant...
China Warns Of Retaliation Over US Tariffs
China declared Thursday that it "firmly opposes" the new, broad US export tariffs and promised "countermeasures" to defend its interests and rights. US President Donald Trump has ignited a potentially ruinous global trade war after imposing 10 percent levies on imports from around the world and harsh extra duties on key trading partners. Trump unveiled particularly stinging tariffs of 34 percent...
