President Trump has called his new trade pact with the UK a “maxed out deal.” But behind the headlines, the fine print reveals something less exciting for economists and trade experts: a 10% baseline tariff that could shape all future US deals—and raise the cost of trade. While this new agreement replaces some harsher levies
Home Authors TheCuriousEconomist Economic News Nigeria’s economy grew 4.6% year-on-year in Q4 2024, marking its fastest expansion in a decade. According to the World Bank, the full-year growth rate reached 3.6% and is expected to continue in 2025. This is […] Economic News President Trump has called his new trade pact with the UK a
The UK government has launched a consultation to extend the soft drinks industry levy (SDIL)—commonly known as the sugar tax—to milkshakes, milk-based drinks, and their plant-based substitutes like oat and rice milk. The move follows Chancellor Rachel Reeves’ announcement in last year’s autumn budget. Now, under the new plans, drinks containing more than 4g of
The UK government is set to introduce a ban on foreign government ownership of British newspapers and news magazines. This decision follows the contentious proposed acquisition of the Daily Telegraph and the Spectator by RedBird IMI, a firm backed by the United
China’s economy grew by 5.2% in the fourth quarter of 2023, falling slightly short of the anticipated 5.3% growth and highlighting ongoing challenges in its economic recovery. Despite this, the full-year growth for 2023 reached the same 5.2%, slightly surpassing Beijing’s target
China appears to be rerouting its exports to the United States via Mexico, sidestepping the hefty tariffs established by the US. Recent trade data suggests a significant uptick in Chinese goods shipped to Mexico before making their way to American markets. This