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Kenya and Uganda plan to slash used clothing imports by 2026, threatening a $1.5 billion market. Officials cite a 30% slump in local textile manufacturing, while traders warn of job losses and rising prices. The move risks deepening trade tensions with the U.S. and China.
President Donald Trump and Chinese President Xi Jinping will hold high-stakes talks in Beijing next week, with Iran’s escalating conflict and trade imbalances dominating the agenda. The meeting comes as US naval operations in the Gulf tighten pressure on Tehran.
The government has set a 2030 target for the UK to produce 50% of its steel domestically, slashing reliance on imports. Higher tariffs on foreign steel will fund a £6 billion green transition fund for the sector.