U.S. President Donald Trump has said he would introduce 100 per cent tariffs on films produced abroad and imported into the U.S, amid a broader protectionist push. “The Movie Industry in America is DYING a very fast death,” Trump said on his Truth Social platform, claiming that foreign countries...
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US President Donald Trump on Thursday expressed his intent to rename both May 8 and November 11 “Victory Day” in his latest attempt to alter the country’s nomenclature. “I am hereby renaming May 8th as Victory Day for World War II and November 11th as Victory Day for World...
The Director-General (D-G) of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, stated that Africa would be minimally impacted by the tariffs imposed by the President of the United States of America (USA), Donald Trump. Okonjo-Iweala made the remark during an interview with Nigerian journalists at the Spring Meetings...
China on Thursday denied any suggestion on negotiations with the administration of U.S. President Donald Trump over tariffs. According to Trump, any notion of progress in the matter was as groundless as trying to catch the wind. China’s comments come after Trump had earlier on Tuesday said that things...
President Donald Trump lashed out at Ukraine’s president, saying Volodymyr Zelenskyy was prolonging the killing field after pushing back on ceding Crimea to Russia as part of a potential peace plan. Zelenskyy ruled out ceding territory to Russia in any deal before talks set for Wednesday in London among...
U.S. President, Donald Trump has plans to spare carmakers from some tariffs, Financial Times (FT) reported on Wednesday. It noted that as part of a tariff “destacking” plan, car parts would be relieved of some of the duties imposed by Trump. The exemptions, FT said, would however leave in...
The International Monetary Fund (IMF) on Tuesday lowered its global economic growth forecast for 2025 to 2.8 per cent. Predicting the wave of tariffs and uncertainty unleashed by U.S. President Donald Trump will lead to a worldwide economic slowdown. The IMF revised its projection of 3.3 per cent forecast...
Iranian President Masoud Pezeshkian said Iran is open to reaching an agreement with the United States in ongoing indirect talks, provided that the country’s national interests are preserved. Pezeshkian said during a meeting in Tehran that “in the negotiations with the United States, we are ready for an agreement...
North Korea on Sunday denounced U.S. President Donald Trump’s recent easing of domestic weapons export regulations, calling it a move aimed to expand wars. The state-run Korean Central News Agency (KCNA) issued the criticism, citing Trump’s April 9 executive order that mandates a review of rules governing U.S. military...
Israeli Prime Minister Benjamin Netanyahu’s office on Tuesday said that he rejected the idea of creating a Palestinian state, calling it a future “Iranian stronghold of terrorism.’’ He said this during a telephone conversation with French President Emmanuel Macron. “During the conversation, the Prime Minister expressed fierce opposition to...
U.S. President Donald Trump has reiterated his threat of drastic consequences for Iran over its nuclear programme, including a potential attack on Tehran’s nuclear facilities. During a meeting at the White House with Salvadoran President Nayib Bukele, Trump said: “They can’t have a nuclear weapon, and they got to...
Ukrainian President Volodymyr Zelensky has implored U.S. President, Donald Trump to visit his country and see the tragedy of the current war before committing to any peace solutions with Russia. Mindful of his abrasive meeting with the U.S. leader in Washington in February, Zelensky reiterated his respect for the...
The Minister of Solid Minerals Development, Dr Dele Alake, has said that the prevailing barrage of tariffs imposed by the United States (U.S) may be a blessing in disguise for African countries. Alake stated this during the Fireside Chat session on Foreign Direct Investment, titled ‘The Alchemy of Foreign...
By DAVID IORJA, Abuja- President Bola Ahmed Tinubu received a State Department representative from President Donald J. Trump led administration, Mr. Massad Boulos, Senior Advisor for Africa, on Thursday in Paris. A statement issued by the presidential spokesman, Bayo Onanuga, said the meeting focused on developing a strategic economic...
China officially commenced the implementation of its planned retaliatory tariffs on U.S. goods on Thursday, imposing an additional 84 per cent duty on imports from the U.S. The move came after Washington escalated its trade pressure, with U.S. President Donald Trump announcing on Wednesday a new plan to raise...
EU member states on Wednesday approved initial retaliatory tariffs of 10 per cent to 25 per cent on U.S. imports, which the European Commission says will be implemented next week. This includes special levies on items such as jeans and motorcycles from the United States, while U.S.-made whiskey and...
US President Donald Trump said Monday the European Union’s proposal for an exemption from tariffs on industrial products, including cars, is not enough to account for the transatlantic trade deficit. “The European Union has been very, very bad to us, they don’t take our cars, like Japan in that...
US President Donald Trump on Monday threatened huge additional tariffs on imports from China if Beijing did not withdraw its retaliation plans, adding that Washington would begin talks with other countries that want negotiations. The fresh action would stack on an already steep US rate taking effect Wednesday, the...
Israeli Prime Minister, Benjamin Netanyahu, has said he is set to visit the White House on Monday for the second time since U.S. President Donald Trump took office in January. Netanyahu, is the first foreign leader to meet with Trump following his announcement of new global tariffs, said they...
The Federal Government has acknowledged the recent tariff measures announced by the U.S. Government, including imposing a 14 per cent tariff on Nigerian exports. This is contained in a statement signed by Dr Jumoke Oduwole, Minister of Industry, Trade and Investment, on Sunday in Abuja. The News Agency of...