US Economy Contracts for First Time Since 2022 on Imports Surge The US economy, known for its resilience and stability, has hit a stumbling block as it contracted for the first time since 2022. The latest data reveals that the Gross Domestic Product (GDP) of the United States decreased by an annualized 0.3 percent in […]
US exempts key electronics from China import taxes
US Delays Tech Import Taxes Amid Trade Tensions with China In the midst of escalating trade tensions between the United States and China, a recent development has emerged that could potentially ease the strain on the tech industry. The US government has decided to exempt key electronics from import taxes, providing a much-needed respite for […]
US Forges Ahead With 104% Tariffs on China, Says Willing to Talk to Other Countries
US Forges Ahead With 104% Tariffs on China, Says Willing to Talk to Other Countries The trade war between the United States and China has escalated once again, with the US announcing a staggering 104% tariff on certain Chinese goods. This move comes as a bold statement from the Trump Administration, highlighting their commitment to […]
Trump’s Tariffs Rock Fashion’s Supply Chain
Trump’s Tariffs Rock Fashion’s Supply Chain The fashion industry is no stranger to disruptions, be it the ever-changing trends or technological advancements. However, the latest shake-up comes not from the runways of Paris or Milan but from the political corridors of Washington. President Trump’s recent announcement of severe import duties has sent shockwaves through the […]
Worldview: Trade Talks at Ethiopia’s Hub of Africa Fashion Week
Worldview: Trade Talks at Ethiopia’s Hub of Africa Fashion Week Ethiopia, known as the Hub of Africa, is not only a melting pot of diverse cultures and traditions but is also making a mark in the global fashion industry. The recent Africa Fashion Week held in Ethiopia sparked discussions on trade, sustainability, and innovation in […]