Donald Trump’s tariff pressure has led China to eliminate duties for almost all African countries. In fact, it has benefited 53 of the continent’s 54 nations.

For the moment, it is known that the only African country excluded from the measure is Eswatini, “because it maintains formal diplomatic ties with Taiwan.”

In any case, the most notable aspect is that this Chinese policy “grants the largest African economies access to its market duty-free for the next two years,” starting last Friday, May 1st.

It is a duty-free agreement for their goods. According to the Customs Tariff Commission of the State Council of the Asian country, the agreement will promote “the common development of China and Africa, facilitating the entry of products that previously faced tariffs of between 8 % and 30 %.”

In this regard, the first shipment was a 24-ton consignment of apples from South Africa that arrived via Shenzhen.

M.Pino

Source: noticiasargentinas

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La entrada China reacts to Trump’s new tariffs by eliminating duties for 53 African countries apareció primero en Bitfinance.

Data from the recent analysis by the Center for Economic Studies of the Private Sector in Mexico (CEESP) indicates that the annual growth rate for the next decade is 1.85 %, due to caution regarding investment and employment.

The private sector warns of increased concern about the pace of economic growth and that the immediate consequences will be reflected in the evolution of formal employment and business investment, which is the main driver of growth.

The CEESP (Center for Economic Studies of the Private Sector) expresses fears of a decline in Gross Domestic Product (GDP) for the fourth quarter of 2025 and for the January-March period of 2026. Meanwhile, the Bank of Mexico, in its November Survey of Private Sector Economic Specialists’ Expectations, also expressed concern about the pace of economic growth in the coming years.

According to the CEESP report, the economy will grow by 0.39 % for the remainder of 2025, and in 2026 it could reach a range of 0.5 % to 1.5 %. This may not be enough to meet the employment and welfare needs of households.

Regarding 2027, they point out that “while the pace of economic growth is expected to continue improving, it is projected to reach only 1.81 %.”

M.Pino

Source: redfinanciera

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La entrada Mexico’s economy shows slow growth apareció primero en Bitfinance.

The United States was overtaken as Germany’s top trading partner by China, which surpassed the American country in the first eight months of 2025.

This change in trade dynamics, according to data from the German statistics office, is mainly due to the crisis generated by the increase in tariffs that hampered German exports to the United States.

“German imports and exports with China totaled 163.4 billion euros (190.7 billion dollars) from January to August, while trade with the US amounted to 162.8 billion euros,” according to Reuters calculations.

Regarding the tariffs imposed by US President Donald Trump, “they have put downward pressure on German exports to the United States, which fell 7.4 % in the first eight months of the year compared to 2014, to €99.6 billion. In August, exports to the United States fell 23.5 % year-on-year, showing that the trend is accelerating.”

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Source: eleconomista

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La entrada China is Germany’s largest trading partner apareció primero en Bitfinance.

The United States and El Salvador signed an important Reciprocal Trade Agreement that will allow the two countries to focus on key aspects of their economic relations, such as exports, tariffs, and security, among others.

The objective is to consolidate the bilateral economic relationship by focusing on the discussion of “non-tariff barriers, including simplifying regulatory requirements and authorizations for U.S. exports, such as the acceptance of vehicles and auto parts manufactured according to U.S. motor vehicle safety and emissions standards, and the acceptance of FDA certifications and prior marketing authorizations for medical devices and pharmaceuticals.”

The Central American nation also anticipates the elimination of non-tariff barriers to “U.S. agricultural products in its market,” ensuring that U.S. agricultural exporters are not restricted by the mere use of certain terms related to cheese and meat.

For its part, the U.S. will eliminate reciprocal tariffs on certain Salvadoran exports, such as products not grown or extracted in the U.S., and textiles and apparel originating from the previous trade agreement, CAFTA-DR.

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Source: sv.usembassy.gov

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La entrada The United States and El Salvador sign Reciprocal Trade Agreement apareció primero en Bitfinance.

On Thursday, October 30, the US Senate approved the repeal of the global tariffs imposed by President Donald Trump, which generated $88 billion in tax revenue between April and August.

The vote to reject Trump’s tariff policy was 51 in favor and 47 against, “with the support of Republican senators Rand Paul, Mitch McConnell, Susan Collins, and Lisa Murkowski.”

This Senate resolution follows two previous ones to eliminate tariffs on products from Canada and Brazil, respectively. According to Republican Senator McConnell, “the tariffs make it more expensive to both build and buy goods in the United States.”

However, it appears these measures against Trump’s tariffs are destined to be a symbolic act, “since they now go to the House of Representatives, where they have very little chance of passing given the Republican majority in the chamber.”

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Source: bancaynegocios

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La entrada US Senate overturns President Trump’s global tariffs apareció primero en Bitfinance.

Pharmaceutical products not manufactured in the United States will be subject to a 100 % tariff, according to a recent announcement by President Donald Trump.

The measure will apply to brand-name or patented pharmaceutical products starting October 1, “unless a company is building a manufacturing plant in the United States.”

That is, the tax will not apply to “pharmaceutical imports if companies have begun construction of a manufacturing plant in the United States or if such a plant is under construction.”

The new tax announcement made last Thursday by Trump also included a 25 % tariff on imported heavy trucks, “kitchen cabinets and bathroom vanities will have a 50 % tax, and imports of upholstered furniture will have a 30 % tax.”

It is important to clarify that Trump’s tariff policy is based on “Section 232 of the Trade Expansion Act, which allows the government to impose tariffs without congressional intervention if imports are considered a threat to national security. This approach has already been used to impose tariffs on imports of automobiles, copper, steel, and aluminum.”

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Source: bloomberglinea

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La entrada Trump to impose 100 % tariff on drugs not manufactured in the US apareció primero en Bitfinance.

As a way to avoid US President Donald Trump’s tariffs, which also affect the technology sector, Apple announced a $100 billion investment in the country.

The initiative will also be aimed at boosting domestic production, the technology company said Wednesday, as it remains attentive to the launch of the American Manufacturing Program, “aimed at returning more of Apple’s supply chain to the US and turning the tech giant into a model or decoy to incentivize other companies to manufacture critical components in the country.”

The news of Apple’s multi-million-dollar investment is considered a “victory for our manufacturing industry that will simultaneously help relocate the production of critical components to protect U.S. economic and national security,” according to White House spokesperson Taylor Rogers.

The company’s investment will increase the technology company’s investment in the United States to $600 billion this year.

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Source: elpais

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La entrada Apple to make million-dollar investment in the US apareció primero en Bitfinance.

The US president had announced a package of 30 % tariffs on imports of European Union products starting August 1.

Following the agreement reached between the parties, it was learned that the EU will pause for six months “the two packages of countermeasures that were due to come into effect this week in response to the US tariffs.”

This was officially announced by the European Commission, which specified that they continue working with the United States “to finalize a joint declaration, as agreed on July 27.”

Relations between the two regions have become tense in recent weeks due to the imposition of tariffs on imports of EU products. However, the spirit of camaraderie and diplomacy remains in place to ensure the negotiations reach a successful conclusion and achieve conditions that benefit both parties.

M.Pino

Source: globovision

(Reference image source: ALEXANDRE LALLEMAND on Unsplash)

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La entrada European Union suspends tariff countermeasures against the US for six months apareció primero en Bitfinance.

Ecuador and the United States will hold the third round of negotiations on the 10 % tariff on Ecuador’s exports on June 28. According to Ecuadorian Vice Minister of Foreign Trade, Andrés Robalino, the results will be announced on July 1.

Robalino’s statements were released after the Minister of Production, Foreign Trade, Investment, and Fisheries, Luis Alberto Jaramillo, participated last Friday in the “second round of negotiations with members of the Office of the United States Trade Representative (USTR).”

According to Robalino, there has been positive news as a result of these approaches with the United States, and he clarified that the third and final round will be held on Saturday, June 28.

He added that “Ecuador is one of the 23 countries globally, and one of the four in the Americas, that have sat down at the negotiating table with the North American country.” Without providing further details, the vice minister suggested that the negotiations “would be focusing on a staggered list of products.”

M.Pino

Source: americaeconomia

(Reference image source: Sam LaRussa on Unsplash)

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La entrada Results of negotiations between Ecuador and the US on tariffs will be revealed on July 1 apareció primero en Bitfinance.

Last month, Brazil enacted a tax on various financial transactions. This Sunday, June 8, the measure was repealed and replaced with another tax package.

According to Finance Minister Fernando Haddad, the revenue shortfall resulting from the May decision “will be offset by increased taxes on online gambling, private credit instruments, and financial institutions.”

Haddad noted that under the new plan, “all currently tax-exempt private debt securities would be subject to a 5 % income tax.”

In the minister’s opinion, the decision is aimed at eliminating market distortions that have hampered efforts to refinance public debt. He also announced that the tax on gross revenues from online gambling platforms would increase from 12 % to 18 %.

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Source: investing

(Reference image source: Sumudu Mohottige on Unsplash)

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La entrada Brazil reverses financial transaction tax apareció primero en Bitfinance.