Home Topics Protectionism

Protectionism

EU economic health at risk as US trade war looms

The European Commission on Thursday warned growth in the European Union is expected to remain robust in 2018, although global trade tensions with the United States present an “unambiguously’’ negative risk.

US treasury secretary expresses optimism trade standoffs can be resolved

The International Monetary Fund and the World Bank repeatedly warned at their meetings this week that intensifying trade tensions could jeopardize a healthy global economic expansion.

IMF’s Lagarde warns against harming trade, investment

With US-China frictions hanging over its annual meeting, the International Monetary Fund on Thursday warned governments to avoid harming trade and investment which have been key drivers of the global economic recovery.

China: Xi Jinping’s pledges unrelated to US trade spat

China denied President Xi Jinping's pledge to further open the country's economy amounts to concessions in a trade spat with the United States, and warned it was ready to hit back at any new US protectionist moves.

UN chief cautions against isolationism, protectionism in globalisation

UN Secretary-General Antonio Guterres said Tuesday that globalisation was universal and the world should not pursue isolationism, protectionism or exclusion.

China vows countermeasures against Donald Trump’s tariffs

China has vowed imminent countermeasures in the escalating trade war between it and Donald Trump’s America as it also condemned the administration’s plans to slap tariffs on about $50 billion of Chinese industrial and hi-tech products.

Donald Trump presses EU on trade barriers in tit-for-tat

President Donald Trump renewed his demand Saturday that the European Union halts its trade barriers to US products in order to spare his allies new steel and aluminum tariffs.

Do not sign the African continental free trade agreement – NLC tells federal govt

The Nigeria Labour Congress (NLC), has warned the Federal Government against signing the African free trade agreement, describing it as a neo-liberal policy.

Air Passengers to double to 7.8bn by 2036 – IATA

The International Air Transport Association (IATA) expects 7.8 billion passengers to travel in 2036, a near doubling of the four billion air travelers expected to fly in 2017.

Germany’s Wolfgang Schaeuble assails protectionism at IMF summit

German Finance Minister Wolfgang Schaeuble assailed the rise in protectionism and anti-free-trade sentiment Saturday in a statement that appeared aimed at the administration of US President Donald Trump.

World Bank warns Nigeria against relying on oil price rise

The World Bank has warned Nigeria against the danger of putting trust in the prices of crude oil going up again and making its economic growth projections based on same.

China’s Xi slams unwillingness to combat climate change

Chinese President Xi Jinping on Tuesday warned that the world economy faces growing risks and uncertainties from countries turning inward on trade and resisting combating climate change, delivering an implicit rebuke to his American counterpart, Donald Trump.

BRICS nations should stand up against protectionism – Xi

Chinese President Xi Jinping on Sunday called for the world to reject protectionism even as American and European pressure mounts on Beijing to lower market barriers, speaking at the start of a Chinese-led summit of five large emerging economies now overshadowed by North Korea's sixth nuclear test.

Recent Stories

World Cup: Super Eagles ‘happy’ with underdogs tag – Mikel Obi

World Cup-bound Nigeria are "more than happy with being written off," according to captain John Mikel Obi.

Governor Umahi: I will not castigate President Buhari, he is my boss

Governor Dave Umahi of Ebonyi State says despite being a member of the Peoples Democratic Party (PDP), he will not want to castigate President Muhammadu Buhari.

22 killed in clash in Cameroon anglophone region

Twenty-two people were killed in a clash with the army in Cameroon’s restive Northwest anglophone region, an opposition MP told AFP on Saturday.

SDP: 2019 election may not hold

The Social Democratic Party (SDP) has warned that the 2019 general election may not hold if killings and kidnapping persist.

Champions League final: Gareth Bale to discuss Real Madrid future after scoring ‘best goal...

Gareth Bale hinted a summer move away from Real Madrid could be on the cards after stepping off the bench to make a record-breaking contribution to an historic Champions League victory over Liverpool.