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Economy


China raises retaliatory tariffs to 84%, expresses 'grave concern' to WTO

In a significant escalation of the global trade conflict, the United States has imposed severe tariffs on goods from multiple countries, including China. These measures, spearheaded by President Donald Trump, are seen as a direct challenge to the global trading system, and their impact is reverberating......

Standard Chartered considers expansion into Morocco to boost African presence

Standard Chartered Plc is contemplating a strategic expansion into Morocco as part of its growth initiative across key African markets. This move aligns with the London-based bank's broader objective to enhance its wealth management and transaction banking services throughout the continent. Chris......

Trump tariffs kick in, spurring more market carnage

U.S. President Donald Trump’s sweeping tariffs on imports from dozens of countries officially took effect on Wednesday, triggering a sharp escalation in global trade tensions. Among the most significant were 104% duties on Chinese goods, a move that intensified market instability and accelerated......

Global trade upended as Trump's tariffs of 104% on China, 20% on EU take effect

Global trade dynamics took a sharp turn as former U.S. President Donald Trump implemented sweeping tariffs on a range of international imports. The new duties, which took effect Wednesday, include an unprecedented 104% tariff on Chinese products and a 20% levy on goods from the European Union, signaling......

Trade and investment growth between Morocco and the UK in 2024

A report issued by the UK’s Department for Business and Trade on April 7, 2025, highlighted significant improvements in the trade agreement between Morocco and the United Kingdom, which took effect on January 1, 2021, under the bilateral partnership agreement. The latest data reflects an upward......

National program to enhance scientific infrastructure in Morocco

The National Program for Support of Research, Development, and Innovation (PNARDI) is a strategic initiative aimed at strengthening the infrastructure and capabilities of scientific research. This was emphasized by Azzedine El Midaoui, the Minister of Higher Education, Scientific Research, and Innovation,......

Spain's response to U.S. tariffs on EU imports

The Spanish government has assessed the impact of the new 20% tariff imposed by the United States on all imports from the European Union. According to the Ministry of Economy, Trade, and Industry, the new trade tariffs will affect 80% of the Spanish products sold in the U.S. In monetary terms, this translates......

Crackdown on counterfeit motor oil network in Casablanca’s outskirts

The National Customs Brigade has ramped up efforts in collaboration with the Royal Gendarmerie to dismantle a network specializing in the counterfeiting of motor oils and spare parts in several peripheral areas of Casablanca, including Lahraouiyine, Bouskoura, and Sidi Hajjaj. This network has converted......

Brazil, Egypt, and Singapore Among Potential Winners from Tariff Onslaught

The recent imposition of sweeping tariffs by U.S. President Donald Trump has sent shockwaves through global markets, particularly affecting long-standing U.S. trading partners like the European Union, Japan, and South Korea. However, several countries, including Brazil, Egypt, Singapore, and Turkey,......

China vows strong resistance as Trump threatens 50 percent tariff

China has firmly declared it will “fight to the end” in response to a new 50 percent tariff proposed by U.S. President Donald Trump, escalating an already intense trade conflict that has shaken global financial markets and triggered fears of an international recession. Despite recent market......

Tangier set to launch tramway system ahead of 2030 World Cup

Tangier is on the verge of becoming Morocco’s fourth city to implement a tramway system, following the announcement of an ambitious MAD 8.4 billion ($840 million) project. This initiative, which has been in the works since 2014, is now being propelled by the forthcoming 2030 World Cup, which Morocco......

Cryptocurrency market struggles amid trade war concerns

The cryptocurrency market is experiencing significant downturns, following the global stock market's drop fueled by a trade war initiated by U.S. President Donald Trump. Major cryptocurrencies are mirroring the declines seen in European, Asian, and American stock indices. Bitcoin has hit its lowest......

New pension scheme and contribution refunds for retirees

The Caisse Nationale de Sécurité Sociale (CNSS) has announced the implementation of the retirement pension and contribution refunds starting from May 1, 2025, with retroactive effect from the retirement date. According to the provisions of decree 2.25.265, individuals who retire between......