Trump’s Tariff Gambit

Photo by Michał Parzuchowski In another characteristically brash maneuver, Donald Trump has intensified his economic confrontation with Beijing, announcing an unprecedented 125 percent tariff on Chinese imports while granting a 90-day tariff reprieve to every other major trading nation. Far from being a calculated economic strategy, the move appears tailor-made for campaign optics, an attempt…

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Japan reports ¥5.22 tril trade deficit in FY2024

Japan recorded a trade deficit in its March-April fiscal year but racked up a surplus with the U.S., the Finance Ministry reported Thursday. Japan’s global trade deficit totaled 5.2 trillion yen for the fiscal year through March, for the fourth straight year of deficits, according to the provisional statistics. The surplus with the U.S. ballooned…

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Trade Facilitation or Trade Hampering?

Trade is a vital engine for economic growth, job creation, and development, particularly for a country like Nigeria with vast natural resources, a large consumer market, and access to regional and international trade agreements. However, while trade facilitation institutions are meant to enhance the seamless movement of goods and services across borders, many Nigerian businesses…

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