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international

China to levy temporary tariffs on EU pork imports

China announced on Friday that it will impose temporary duties on pork imports from the European Union, citing evidence of dumping practices. The move follows a year-long investigation launched by Beijing after the EU began scrutinizing Chinese subsidies for its electric vehicle industry. “Investigating authorities have preliminarily determined that imports of pork and pig by-products originating in the European Union are being dumped,” the Ministry of Commerce said in a statement. As a result, Beijing will apply provisional anti-dumping measures in the form of deposits, with duties ranging from 15.6% to 62.4%, starting September 10. The duties remain provisional until the ministry concludes its full investigation, which has been extended until December. The decision adds new tension to already strained China–EU relations, shaped by disputes over trade, technology, and the fallout from Russia’s 2022 invasion of Ukraine. Beijing has maintained […]

Abdulmumini Auwal SA September 5, 2025

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international

Dangote Refinery Exports First Gasoline Cargo to U.S.

The Dangote Refinery has achieved another milestone by exporting its first gasoline cargo to the United States, underscoring its growing presence in the global energy market. According to trade data from Kpler, the Gemini Pearl vessel loaded about 300,000 barrels of gasoline at Dangote’s Port on August 26, 2025, and is expected to discharge in either New York or New Jersey. While the company has yet to officially confirm the development, market sources suggested that Vitol, a leading global energy trader, may have chartered the vessel. A New Chapter for Nigerian Exports This marks the first-ever Nigerian gasoline cargo shipped to the U.S., although Dangote has already established a foothold in Asian and Middle Eastern markets. In June and July, the refinery exported three LR2 cargoes — two to the Middle East Gulf and one to Singapore. Traders said the […]

Abdulmumini Auwal SA September 3, 2025

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Finance

US Ends Duty-Free Imports Under $800

The United States has officially ended its long-standing tariff exemption for low-cost imports, a move expected to reshape global trade and hit small businesses particularly hard. Starting Friday, goods valued at $800 (£592) or less will no longer qualify for duty-free entry and will instead face stricter customs checks. This decision brings an end to the widely used de minimis exemption, which has allowed millions of packages to enter the country without tariffs. According to US Customs, nearly 1.4 billion packages worth over $64 billion entered the US last year under this rule. The policy change, championed by President Donald Trump, aims to strengthen domestic industry and reduce reliance on cheap imports—but it is likely to come at a cost for consumers and entrepreneurs. Industry experts warn that shoppers should expect higher prices and fewer product options, especially in the […]

Ahmad August 29, 2025

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USA

China sends Boeing planes back to US over tariffs

Kelly Ortberg said two planes had already been returned and another would follow after trade tensions between the two countries escalated. Boeing's chief executive told CNBC that 50 more planes were due to go to China this year but their customers had indicated they will not take delivery of them.The US put 145% tariffs on imports from China and it hit back with a 125% tax on US products. Speaking in the Oval Office on Tuesday, Trump said he was optimistic about improving trade relations with China, saying the level of tariffs he had imposed would "come down substantially, but it won't be zero".However, Mr Ortberg said China "have in fact stopped taking delivery of aircraft because of tariff environment".Boeing is America's largest exporter with about 70% of its commercial aircraft sales outside of the US.Mr Ortberg said Boeing was […]

Ahmad April 24, 2025

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USA

Tesla Halts Orders in China on U.S. Imported Models

Tesla has temporarily suspended orders for its U.S.-manufactured vehicles in China, signaling potential challenges in navigating trade dynamics and shifting consumer demand in the world’s largest electric vehicle (EV) market. The move, confirmed by the company’s Chinese website, applies to imported Model S and Model X vehicles, raising questions about supply chain adjustments, tariff pressures, and Tesla’s localization strategy. Industry analysts suggest the pause reflects Tesla’s efforts to prioritize production at its Shanghai Gigafactory, which manufactures cheaper, locally made Model 3 and Model Y vehicles tailored to Chinese consumers. Imported U.S. models face steep tariffs and longer delivery times, making them less competitive against domestic rivals like BYD and NIO. By halting orders, Tesla may be streamlining operations to focus on cost-effective, locally produced EVs amid rising competition and economic headwinds. The decision also underscores broader tensions in U.S.-China trade […]

Ahmad April 11, 2025

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