Current track

Title

Artist

Global Market Turmoil: Assessing the Impact of Trump’s Tariffs on Namibia’s Economy

[PODCAST]

Shares in Europe and Asia have fallen after US President Donald Trump announced tariffs on Canada, Mexico and China, and said tariffs on the EU would “definitely happen”.

The German and French stock markets were down about 2%, with shares in carmakers among the worst hit, while London’s FTSE 100 dropped more 1%.

The US dollar also strengthened on the currency markets, rising to a record high against China’s yuan, while the Canadian dollar plunged to its lowest level since 2003.

Investors are bracing for a turbulent period that could hit the earnings of major companies and dent global growth.

Namibia is part of the global economic order and some of these shocks if sustained poses a risk on domestic economic growth.

Now, to unpack the impact of tariffs and their role in any economy, we were joined by an expert on international trade, Maria Lisa Immanuel.

Rush Hour

Rush Hour

More info


Current track

Title

Artist