TikTok abounds with viral videos accusing prestigious brands of secretly manufacturing luxury goods in China so they can be sold at cut prices. But while these “revelations” are spurious, behind them lurks a well-oiled machine for selling counterfeit goods that is making the most of the confusion surrounding trade tariffs, reports AFP. Chinese...
•The logo of the Bank of Korea South Korea’s economy unexpectedly contracted 0.1 percent in the first three months of this year, the country’s central bank said today, as the Asian export giant reels from months of political chaos and heightened trade tensions. US President Donald Trump’s threatened 25 percent “reciprocal” tariffs on export-de...
•IMF Managing Director Kristalina Georgieva The IMF said today it now believed China’s economy will only grow by four percent this year, well below Beijing’s official target as it fights a mounting trade war with the United States that threatens to hammer the global economy. China and the United States — the world’s two largest […]...
•Trump and Tinubu African market, including Nigeria, may be up for a new scramble in months ahead following the brewing tariff war between the United States and its three top trading partners – Canada, China and Mexico. While opinions are still largely divided on how the rivalry will impact African economies, Nigeria, which is among […]...

