USA: Trump’s tariff changes cause widespread global confusion
Only two days after Donald Trump, announcing Japanese-backed investments tied to a major trade pact, posted ‘America is WINNING again’, the Supreme Court ruled much of his tariff regime unlawful, angering Trump and creating huge uncertainty across global markets. Almost immediately, he announced new tariffs, which means that most countries - including those that had negotiated preferential agreements - now face a 15% tariff on exports to the USA. Some nations which made concessions, such as the UK and Japan, may gain little advantage, while others, including China and India, have seen tariff reductions without comparable compromises. The new tariffs will be valid for only 150 days, with confusion about what might happen thereafter. Data suggests much of the economic burden of tariffs has fallen on US businesses and consumers. Meanwhile, Trump has drawn widespread incredulity and criticism for using his position to advertise expensive watches bearing his name: see
Nigeria: government paid huge ransom for kidnapped schoolchildren
An investigation has alleged that the Nigerian government paid a substantial ransom to secure the release of up to 230 children and staff abducted from a Catholic boarding school in November. The pupils were taken from St Mary’s in Niger state during a mass kidnapping by Boko Haram. Intelligence sources told AFP that millions of dollars were delivered by helicopter to militants in northeastern Borno state after negotiations reportedly led by national security adviser Nuhu Ribadu. Two Boko Haram commanders were also said to have been freed. Officials publicly denied paying any ransom, insisting that government agents do not negotiate with kidnappers. The Islamist insurgent group, active since 2009, has carried out widespread violence and abductions across northern Nigeria. Reports suggest the children were released in stages after confirmation that the payment had been received.
Mexico: troops called in to curb violence after cartel leader killed
The government has deployed thousands of troops after deadly unrest followed the death of cartel leader Nemesio Oseguera Cervantes, known as El Mencho. Around 9,500 soldiers have been sent to western states, including 2,500 reinforcements to Jalisco, where he was captured. The Jalisco New Generation Cartel, long regarded as one of Mexico’s most powerful criminal organisations, responded with coordinated attacks. Roads were blocked with burning vehicles, spikes and debris, while banks and businesses were set alight. Clashes between cartel members and the National Guard left dozens dead, including security personnel and alleged gang members. El Mencho was seriously wounded on 22 February during a firefight with special forces and died while being transported to Mexico City. President Claudia Sheinbaum praised the operation and pledged to restore peace. Authorities say order is gradually returning, though tensions remain high in affected communities. The level of violence has been made worse by warfare between and even within different cartels: see
Panama: government takes over control of ports from Hong Kong company
The two key ports at either end of the Panama Canal have been taken over by the Panamanian government. This follows a supreme court ruling last month that the renewed 25-year concession given to Hong Kong conglomerate CK Hutchison to operate the ports was ‘unconstitutional’. The authorities have entered the terminals at Balboa and Cristobal and assumed administrative and operational control. A government decree authorised the Panama Maritime Authority to do this ‘for reasons of urgent social interest’. Beijing described the ruling as ‘absurd’ and ‘shameful’, while warning that the Latin American country would pay ‘heavy prices both politically and economically’; in response, president Jose Raul Mulino defended Panama’s judicial independence and strongly rejected China’s threats. The takeover marks a significant development in the strategic and political debate surrounding one of the world’s most vital shipping routes.
