Day: March 4, 2018

United States President Donald Trump’s newly announced tariffs on steel and aluminium won’t help the U.S. economy and may cause bigger job losses in sectors using steel, an EU economist has said. “Trump is really shooting himself in the foot,” said Fredrik Erixon, the director of the European Centre for International Political Economy, a Brussels-based think tank. “Trump’s new tariffs won’t help the U.S. economy,” she said in the interview published by Xinhua. These measures, if put into place, will affect exports to the United States from Europe and many…

The federal government of Nigeria has expended $105 million as community levy on Economic Community of West African State (ECOWAS) in the last two years. The outgoing president of ECOWAS Commission, Marcel Allen de Souza, disclosed this in a farewell speech at the hand-over ceremony at the main hall of ECOWAS Secretariat, Abuja. de Souza said, “I want to thank Nigeria and President Muhammadu Buhari for its commitment to ECOWAS cause. In 2016, Nigeria contributed 54 million dollars and, 2017, it contributed 51 million dollars, making a total of 105…

U.S. President Donald Trump kept up pressure on trading partners on Saturday, threatening European automakers with a tax on imports if the European Union retaliates against his plan to slap tariffs on aluminium and steel. Trump’s tweet showed he is refusing to yield to U.S. business interests and foreign trading partners alarmed at the prospect of a trade war that rattled financial markets this week. “If the E.U. wants to further increase their already massive tariffs and barriers on U.S. companies doing business there, we will simply apply a Tax…