tariffs Archives - Wontumi Online

04 Feb

China Retaliates With Tariffs On US Goods After Trump’s Move

CUD WontumiBusinessChina, President Trump, tariffs

China will impose tariffs of 15 percent on imports of coal and liquefied natural gas from the United States, in retaliation for Washington’s 10 percent levies on Chinese goods. China’s Ministry of Finance also announced on Tuesday that there will be 10 percent tariffs on imports from the US of crude oil, agricultural machinery, large-displacement vehicles and pick-up trucks. The new measures were in response to the “unilateral tariff hike” by the US, it said, adding that Washington’s decision “seriously violates World Trade Organization rules, does nothing to resolve its own problems, and disrupts normal economic and trade cooperation between…

03 Feb

Trump’s Trade Tariffs: How Countries Are Fighting Back

CUD WontumiBusinessPresident Trump, tariffs

It was not a bluff, the tariffs are here - and this is just the opening salvo from the Oval Office. The world trading system has not been here before. A slide towards a wider trade conflict is very much on the cards, as President Trump prepares similar tariffs firstly against Europe, and then at a lower level universally. But what matters as much as the actions the US takes, is how the rest of the world responds. That, in turn, requires a judgement about what the president is actually trying to achieve. Trump regularly changes his rationale for tariffs…

02 Feb

China, Canada And Mexico Vow Swift Response To Trump Tariffs

CUD WontumiBusinessCanada, China, mexico, tariffs

Canada, Mexico and China have vowed to respond to sweeping new tariffs to their exports to the US announced by President Donald Trump. Trump said a levy of 25% on Canadian and Mexican imports as well as an additional 10% tax on Chinese goods would come into force on Tuesday. Canadian energy faces a lower 10% tariff. The US president said the move was in response to his concerns about illegal immigration and drug trafficking - two of the main promises on which he was elected. In response, both Canada and Mexico said they were preparing similar tariffs on US…

23 Nov

Telcos Chamber Hints Of A Likely Increment In Tariffs

wontumionlineBusinessGhana Chamber of Telecommunications, tariffs

The Ghana Chamber of Telecommunications says its industry members may have to increase their tariffs due to the present high cost of doing business in the country. Speaking to the media, the Chief Executive officer of the Chamber, Eng. Dr Kenneth Ashigbey justified the anticipated tariff increment by arguing that many sectors have already taken the lead in adjusting their prices upwards. “If you consider the fact that the cost of doing business has gone up, even the water producers association have met to increase the price of water etc, so naturally what is going to happen is that the…