For almost four months now, the Trump administration has arguably rattled global trade, economists, shocked business executives and set off heated exchanges with not only the world’s second largest economy – China, but also US’s largest trading partners and allies like Canada and Mexico. While economists and corporate executives expressed concerns that such shift in […]
Trump’s first weeks in office for his administration’s second term have not been short of interesting news. To his critics he has proved right, and to the U.S allies, he has shocked them. In fact jokes have been filling media platforms, of the tariffs that were slapped on almost the entire world. His administration has recently […]
As of Wednesday 2nd April, 2025, the American President, Donald.J. Trump announced tariffs globally against countries he accuses of benefitting off what he calls American clemency and the ineptitude of the previous administration. In his attempt to usher in a “Golden Age for America” he has announced a broad range of tariffs with particular force being applied […]
One of the most difficult yet overly simplified ideas in economics is the economic growth of nations. Economists and pundits seem to always analyse by analogy, connecting dots backwards to define unique or even random experiences of developed nations and claiming that they developed because of certain economic policies they pursued. The truth is that […]
On Tuesday last week, a Trump 10% tariff increase on goods imported from China came in effect triggering an almost immediate response by the Chinese government that imposed several duties on United States produced commodities thereby reviving the US-China trade war. President Trump’s insistence on doing things this way is puzzling because all signs show that […]
In what many described as not surprising but still shocking, on Monday 10th February, the President of the United States of America (U.S), Donald J. Trump announced that Washington was slapping 25% tariffs on all aluminium and steel imports accessing the U.S market. Speaking from White House where he made the announcement, Trump reasoned these tariffs […]
Any country’s development plays out based on its participation in international trade. Countries with higher participation in global trade are comparatively wealthier than those with lower participation. Therefore, for African countries to develop, they must increase their business involvement with other countries on the international market. Several factors determine this. One of those is the […]
In a poster that was circulating online and in Kampala malls and arcades for the past couple of days, a section of Kampala City traders, under a relatively unknown umbrella body the “Federation of Uganda Traders Association” was making a clarion call for all traders within the business district to close their shops on the […]
Like many post independence African states, Uganda was struggling to free itself from the chokeholds of infrastructure-gaps, low levels of skills and technology as well as the associated high-levels of poverty. Therefore, in a bid to find suitable partnerships in solving many of these problems, Uganda established diplomatic ties with the People’s Republic of China […]
After many years of planning, discussion and negotiations on the 1st day of 2021, the African Continental Free Trade Area (AfCFTA) came into existence. Now the basis for a free trade area is free movement of people and free movement of goods and commodities across countries’ borders. This whole process revolves around transportation. There is […]