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Showing posts with the label Tarrif

Canada says US asked ‘too much, offered too little’ as trade talks collapse

  Canadian Prime Minister Mark Carney on Saturday vowed “dollar-for-dollar” tariffs in response to the United States’ 50% tariffs on $20 billion in Canadian goods after the two sides failed to reach a trade deal. Carney’s tit-for-tat measures, set to take effect on September 8, will include tariffs on steel, dairy, appliances, agricultural equipment, pulp, paper and electronics. In recent days, the United States proposed new terms that were uneconomic, unfair, and undermined the net benefits for Canada, and called into question the reliability of any deal. In short, they asked too much, and they offered too little,” Carney said Saturday at a news conference in Ottawa. The White House has not responded to CNN’s request for comment. But in a Truth Social post early Sunday, US President Donald Trump said, “Canada wants the benefits of being a State, without being one!!!” He also claimed that Canada for years had charged American farmers “massive amounts” of tariffs. “No more!!!” he sa...

Ghana Gas seeks 91% tariff increase to expand, sustain operations

  Ghana National Gas Limited is proposing to increase its tariff from US$1.10 to US$2.10 per million metric British thermal units (MMBtu), as part of a broader wave of utility tariff hikes under review by the Public Utilities Regulatory Commission (PURC). The move represents a 91 percent jump and follows similar proposals by six other state-owned utilities seeking increases between 59 percent and over 200 percent. The company says the proposed increment is necessary to sustain operations, expand infrastructure, and ensure the long-term reliability of the natural gas transmission system. Speaking at a stakeholder forum on the tariff review, Manager of Commercial Operations at Ghana Gas, Sylvester Enumi Cudjoe, explained that the proposed cost-reflective tariff is aligned with PURC’s rate-setting guidelines and is aimed at recovering prudent capital investments while ensuring operational efficiency. We have proposed to the PURC that our tariff should move from 1.10 as we have today t...