Trade Minister Parks Tau is set to sign a key economic pact in Beijing this week, aiming to secure duty-free access for South African exports to the Chinese market amid strained relations with Washington.
President Trump's short-term extension of the African Growth and Opportunity Act offers temporary relief but underscores deepening uncertainties in U.S.-Africa relations, with South Africa's status on particularly shaky ground.
The US Congress has passed a one-year extension of the African Growth and Opportunity Act, a temporary reprieve for a cornerstone trade policy that has shaped US-Africa economic relations for over two decades, but the short-term renewal leaves exporters and investors wary.
The one-year renewal of the African Growth and Opportunity Act (AGOA) offers short-term relief but leaves African exporters and investors facing uncertainty, with industry leaders calling for long-term stability to safeguard jobs and economic growth.
President Trump has signed a short-term extension of the African Growth and Opportunity Act (AGOA), a cornerstone trade preference program for sub-Saharan Africa. While averting immediate expiration, the move offers only temporary relief and signals potential modifications aligned with the 'America First' policy, raising concerns among African nations dependent on U.S. market access.
A last-minute, short-term extension of the cornerstone US-Africa trade program AGOA has been passed, averting immediate expiration but leaving businesses and governments on both continents anxious about the partnership's long-term trajectory.
As the S&P 500 hovers near record highs, a confluence of factors—stretched valuations, the economic impact of tariffs, and the uncertainty of midterm elections—points to heightened volatility and potential downturns in 2026, historical analysis suggests.
A year after the implementation of sweeping tariffs on imports, small business owners in the Fayetteville area describe a sustained squeeze on profits, with some dipping into personal savings to stay afloat amidst rising costs and complex supply chains.
In a congressional hearing, Treasury Secretary Scott Bessent retracted his earlier warning that tariffs are inflationary, citing current economic growth and moderating price pressures despite a year of trade measures.
The South Korean automaker reported a sharp $1.9 billion decline in net profit for 2025, attributing the drop largely to U.S. import tariffs, even as it achieved a historic milestone of selling over 3 million vehicles worldwide.
Even if the Supreme Court strikes down Trump's emergency tariffs, the administration has alternative legal tools ready to impose similar import taxes, potentially leaving businesses and consumers with continued high costs.
Africa's largest mobile operator, MTN, is shifting its growth strategy towards targeted fintech acquisitions and a measured push into East Africa, signaling a broader transformation from a traditional telco into a diversified digital platform.
China's extensive investment in African port infrastructure, framed by analysts as enhancing both trade and strategic reach, is reshaping maritime dynamics and drawing scrutiny from Western observers.
The United States has sharply criticized South Africa's decision to expel Israel's top envoy, framing the move as counterproductive. The diplomatic rift follows Pretoria's genocide case against Israel at the International Court of Justice and marks a further deterioration in bilateral ties.
Illinois farmers preparing for the next corn and soybean crop confront rising costs fueled by tariffs on key inputs, with industry analysts warning of continued financial pressure in the coming year.
Utah-based McGee & Co. has filed suit against the federal government, joining hundreds of companies challenging the legality of Trump-era tariffs and aiming to recover millions in paid duties.
The newly inked U.S.-India trade pact eliminates tariffs on American industrial goods while permitting India to shield key agricultural sectors. The agreement also aims to reduce technical barriers and follows India's commitment to diversify energy imports away from Russia.
In a move that resets strained bilateral relations, the U.S. and India announced a preliminary trade agreement. The deal lowers U.S. tariffs on Indian goods and scraps punitive duties linked to Russian oil, though key details on purchase commitments remain unconfirmed.
A new analysis reveals a surge in Gulf investment in African clean energy projects, while urging a strategic pivot towards funding the continent's underdeveloped power grids to unlock greater economic and climate impact.
The Trump administration raises tariffs on South Korean goods to 25%, citing Seoul's 'disproportionate' regulatory campaign against U.S. e-commerce leader Coupang. The move threatens to strain a key Asian alliance built on decades of security and economic cooperation.
