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Tariff war could cut US-China goods trade by 80% – World Trade Organisation

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U.S. President Donald Trump on Wednesday raised tariffs on Chinese goods to 125 per cent, intensifying the ongoing trade dispute between the world’s two largest economies.

The Director-General of the World Trade Organization (WTO),  Ngozi Okonjo-Iweala warned that the escalating tariff war could slash trade in goods between the U.S. and China by as much as 80%, with potentially severe ripple effects on the global economy.

“The escalating trade tensions between the United States and China pose a significant risk of a sharp contraction in bilateral trade. Our preliminary projections suggest that merchandise trade between these two economies could decrease by as much as 80 percent,” WTO Director General Ngozi Okonjo-Iweala said in a statement.

She said the United States and China accounted for three percent of world trade and warned that the conflict could “severely damage the global economic outlook”.

Even as he slapped further tariffs on China, Trump paused higher tariffs on the rest of the world for 90 days after dozens of countries reached out for negotiations.

Okonjo-Iweala warned that the world economy risked breaking into two blocs, one centred around the United States and the other China.

“Of particular concern is the potential fragmentation of global trade along geopolitical lines. A division of the global economy into two blocs could lead to a long-term reduction in global real GDP by nearly seven percent,” she said.

She urged all WTO members “to address this challenge through cooperation and dialogue”.

“It is critical for the global community to work together to preserve the openness of the international trading system,” said Okonjo-Iweala. “WTO members have agency to protect the open, rules-based trading system. The WTO serves as a vital platform for dialogue. Resolving these issues within a cooperative framework is essential.”

Hours earlier, Trump ramped up duties on Chinese goods to 104 percent, only to hike them further when China retaliated by raising tariffs on US imports to 84 percent.

In a social media post announcing the moves, Trump said China had been singled out for special treatment because of “the lack of respect that China has shown to the World’s Markets”.

US stock markets had slumped around 10 percent in the past week as trade tensions grew, but they surged after Trump announced his pause.

Source: Graphic Online

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Mahama commissions Sahara LPG Vessel in South Korea to boost energy security in West Africa

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President John Dramani Mahama has commissioned the Sahara LPG Vessel, MT Asharami Ghana, in the Republic of Korea, describing the development as a significant step toward strengthening energy security and improving the Liquefied Petroleum Gas (LPG) supply chain in Ghana and across West Africa.

 

The commissioning ceremony, held on Thursday, March 12, 2026, brought together government officials, industry stakeholders, and international partners to witness the launch of the state-of-the-art vessel designed to enhance the transportation and distribution of LPG within the region.

 

Addressing the gathering, President Mahama said the occasion represented more than the launch of a vessel, noting that it symbolised progress in strengthening global LPG infrastructure and ensuring reliable energy supply for countries that rely partly on imports.

 

“It is a profound honour to join you here today in the Republic of Korea—a nation globally renowned for its excellence in shipbuilding, maritime engineering, and technological innovation—as we witness the commissioning of the Sahara LPG Vessel,” he said.

 

He explained that for countries such as Ghana and many others across Africa that depend partly on LPG imports to complement domestic production, expanding global shipping capacity is essential for ensuring supply security and improving energy logistics.

 

According to the President, the commissioning of the dual-fuel, fully refrigerated LPG carrier reflects strong collaboration among stakeholders committed to advancing safe, efficient, and responsible energy distribution.

 

“Today, we celebrate not only engineering excellence but also the power of partnership. The commissioning of this state-of-the-art LPG carrier reflects the collective vision and collaboration of stakeholders committed to advancing safe, efficient and responsible energy distribution,” he stated.

 

President Mahama indicated that the vessel, developed under the West Africa Gas Limited (WAGL) Energy initiative, represents a strategic addition to a growing fleet aimed at supporting the evolving energy needs of the region.

 

He noted that its deployment would significantly expand LPG transport capacity and strengthen access to reliable and cleaner energy across West Africa and the African continent.

 

Highlighting the importance of LPG in the global energy transition, the President said the fuel provides a cleaner alternative to traditional energy sources such as charcoal, firewood, and kerosene, which remain widely used across many African communities.

 

“Liquefied Petroleum Gas plays a vital role in this transition. For millions of households across Africa, LPG offers a cleaner alternative to traditional fuels such as charcoal, firewood and kerosene,” he said.

 

He added that the wider adoption of LPG would not only improve public health but also contribute to environmental sustainability by reducing deforestation and indoor air pollution.

 

President Mahama further noted that Ghana currently produces about 50 percent of its LPG requirements locally, while the remaining half is imported to meet national demand.

 

“Ghana, like many of our neighbouring countries, recognises the transformative potential of LPG in supporting socio-economic development. While Ghana produces locally about 50 percent of our LPG requirements, we still rely on imports for the other 50 percent of local consumption,” he explained.

 

He said the addition of MT Asharami Ghana would strengthen the region’s capacity to transport LPG safely and efficiently, ensuring that industries, businesses, and households have reliable access to modern energy services.

 

The President commended Sahara Group, WAGL Energy, and other partners involved in the project for their leadership, technical expertise, and commitment to expanding energy infrastructure across Africa.

 

He emphasised that the commissioning of the vessel also demonstrated the importance of international cooperation and the strong partnerships between Africa and global partners in advancing sustainable development.

 

President Mahama expressed optimism that the vessel would inspire further investment and collaboration across Africa’s energy value chain.

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From 34,000 to 40,000 MT: Sahara Group’s New LPG Facility to Secure Ghana’s Energy Future

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The Sahara Group has announced a significant expansion of Ghana’s liquefied petroleum gas (LPG) storage capacity, a move hailed by Godwin Kudzo Tameklo, Esq., Chief Executive Officer of the National Petroleum Authority (NPA), as a major boost to the country’s energy security.

 

Currently, Ghana’s total LPG storage capacity stands at approximately 34,000 metric tons. With Sahara Group’s new 6,000-metric-ton facility in Accra, the country’s total LPG storage will reach 40,000 metric tons. This increase provides a crucial buffer, ensuring a stable supply of LPG for households and businesses across the nation.

 

Speaking at the commissioning ceremony of Sahara LPG Vessel Asharami Ghanain South Korea, Mr. Tameklo said, “This expansion is not merely about adding storage space; it is a strategic step toward safeguarding Ghana’s energy needs. It enhances our capacity to manage supply fluctuations and strengthens national energy resilience.”

 

He further commended Sahara Group for its history of supporting Ghana during energy challenges. “Last year, when the country faced a potential shortage of aviation turbine kerosene (ATK), Sahara Group intervened decisively, preventing disruptions and ensuring continuity in critical services,” Mr. Tameklo added.

 

The NPA CEO emphasized that the additional storage facility will reinforce the petroleum downstream sector and provide long-term benefits for the economy. “With this strategic deployment, Ghana is better prepared to meet both current and future energy demands,” he noted

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Vice President Calls for Concrete Action to Advance Gender Equality

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Vice President Prof. Jane Naana Opoku-Agyemang has called for deliberate and sustained efforts to advance gender equality, stressing that the progress of any nation is closely tied to the empowerment and advancement of women.

Speaking at an event marking International Women’s Day, Prof. Opoku-Agyemang said the occasion provides an opportunity not only to celebrate the achievements made as a nation but also to reflect on the work that still lies ahead in ensuring equal opportunities for women.

“We are here to celebrate the progress we have made as a nation, but we are also here to reflect on the work that remains,” she said.

According to the Vice President, International Women’s Day serves as a reminder that national development cannot be separated from the advancement of women.

“International Women’s Day reminds us that a nation’s advancement cannot be separated from the advancement of its women,” she stated.

Prof. Opoku-Agyemang noted that across communities, institutions, and workplaces, women continue to demonstrate resilience, innovation, professionalism, and leadership in various roles that contribute significantly to national development.

“Across our communities, institutions and workplaces, women exhibit resilience, innovation, professionalism and leadership. They are educators, policymakers, entrepreneurs, caregivers, administrators and change-makers,” she said.

She emphasized that the dedication and service of women help to build more inclusive, dynamic, and prosperous societies.

“Their dedication and service contribute to inclusivity, dynamism and prosperity,” the Vice President added.

However, Prof. Opoku-Agyemang acknowledged that despite the progress made over the years, gender inequality still persists in several areas including leadership, access to opportunities, workplace inclusion, and participation in decision-making.

“While we celebrate these achievements, we must also acknowledge that gender inequality persists in leadership, access to opportunities, workplace inclusion and fair participation in decision-making,” she noted.

She therefore called for collective action from all stakeholders to address these challenges and ensure that women are given the opportunities and support they need to thrive.

“Overcoming these challenges calls for deliberate, ongoing and collective efforts,” Prof. Opoku-Agyemang stressed.

The Vice President also urged institutions and leaders to move beyond rhetoric and focus on practical measures that promote equity and support women’s growth and leadership.

“The theme we have today challenges us to go beyond words and focus on real, measurable actions that promote equity and create supportive environments where women can grow, lead and succeed,” she said.

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