Tag #Free Trade

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nrc.nl

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Mar 4, 22:09

Trump's Tariffs Jeopardize North American Free Trade

President Trump's 25% tariffs on Canadian and Mexican goods violate the USMCA, jeopardizing trilateral trade worth over \$1.9 trillion in 2023 and reversing decades of free trade integration.

Trump's Tariffs Jeopardize North American Free Trade

President Trump's 25% tariffs on Canadian and Mexican goods violate the USMCA, jeopardizing trilateral trade worth over \$1.9 trillion in 2023 and reversing decades of free trade integration.

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What are the immediate consequences of President Trump's tariffs on Canadian and Mexican goods, and how do they affect the USMCA agreement?

President Trump's recent imposition of 25 percent tariffs on most Canadian and Mexican products directly violates the USMCA agreement, jeopardizing decades of North American trade integration and the predictability it offered businesses. Canada has retaliated with similar tariffs, and Mexico is considering further action.

forbes.com

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Feb 23, 19:08

Bidenflation" Misdiagnosis: Lockdowns, Not Spending, Caused 2021-2022 Price Increases

The article refutes the notion of "Bidenflation" in 2021-2022, attributing price increases to global supply chain disruptions caused by COVID-19 lockdowns, not government spending; it criticizes the Fed's interest rate hikes as ineffective and advocates for free trade and restoring global production...

Bidenflation" Misdiagnosis: Lockdowns, Not Spending, Caused 2021-2022 Price Increases

The article refutes the notion of "Bidenflation" in 2021-2022, attributing price increases to global supply chain disruptions caused by COVID-19 lockdowns, not government spending; it criticizes the Fed's interest rate hikes as ineffective and advocates for free trade and restoring global production...

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What were the actual causes of the price increases from 2021-2022, and how did this misdiagnosis impact policy responses?

From 2021-2022, rising prices were mistakenly identified as "Bidenflation" by many, including politicians and economists from both parties. This mischaracterization ignored the actual cause: global supply chain disruptions from COVID-19 lockdowns, which reduced the number of hands and machines producing goods.

kathimerini.gr

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Feb 11, 13:11

EU: A Free Trade Island in a Protectionist Sea

Amidst rising global trade protectionism, the European Union, despite internal opposition and external pressures from the US and China, remains a staunch advocate for free trade, relying heavily on exports and imports for its economic prosperity.

EU: A Free Trade Island in a Protectionist Sea

Amidst rising global trade protectionism, the European Union, despite internal opposition and external pressures from the US and China, remains a staunch advocate for free trade, relying heavily on exports and imports for its economic prosperity.

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How does the EU's internal political landscape and agricultural sector influence its commitment to free trade agreements?

The EU's unique position is rooted in its founding principles and economic reliance on trade; it exports and imports goods worth 29% of its GDP, exceeding the US's 19%. This dependence, however, leaves the EU vulnerable to trade conflicts with both the US and China, which could disrupt its significant trade surplus.

bbc.com

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Jan 28, 07:10

EU-MERCOSUR Trade Deal: Negative Implications for Turkey

The recently signed EU-MERCOSUR free trade agreement will significantly impact Turkey's economy due to increased competition from MERCOSUR countries in both the EU and Turkish markets, particularly in agriculture, textiles, and manufacturing sectors, while Turkey lacks a similar agreement with MERCO...

EU-MERCOSUR Trade Deal: Negative Implications for Turkey

The recently signed EU-MERCOSUR free trade agreement will significantly impact Turkey's economy due to increased competition from MERCOSUR countries in both the EU and Turkish markets, particularly in agriculture, textiles, and manufacturing sectors, while Turkey lacks a similar agreement with MERCO...

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What are the main obstacles preventing a direct free trade agreement between Turkey and MERCOSUR?

This agreement eliminates tariffs on over 90% of goods traded between the EU and MERCOSUR, giving EU exporters a significant advantage, particularly in sectors like automotive, clothing, and footwear. Consequently, Turkey's competitiveness in the EU market will decrease, while it will also face increased competition from MERCOSUR products in its domestic market. The lack of a reciprocal agreement between Turkey and MERCOSUR exacerbates this disadvantage.

europe.chinadaily.com.cn

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Jan 22, 04:12

RCEP: Lowering Trade Costs Amidst Geopolitical Uncertainty

The Regional Comprehensive Economic Partnership (RCEP), effective January 1, 2022, is the world's largest free trade agreement, comprising 15 Asia-Pacific nations, significantly lowering trade costs by eliminating tariffs on over 90% of goods and reducing non-tariff barriers, despite criticisms of i...

RCEP: Lowering Trade Costs Amidst Geopolitical Uncertainty

The Regional Comprehensive Economic Partnership (RCEP), effective January 1, 2022, is the world's largest free trade agreement, comprising 15 Asia-Pacific nations, significantly lowering trade costs by eliminating tariffs on over 90% of goods and reducing non-tariff barriers, despite criticisms of i...

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What is the immediate economic impact of the RCEP agreement on the Asia-Pacific region, considering its size and scope?

The Regional Comprehensive Economic Partnership (RCEP), effective since January 1, 2022, is the world's largest free trade agreement, covering approximately one-third of the global population and GDP. It has significantly reduced trade costs by eliminating tariffs on over 90% of goods and lowering non-tariff barriers among its 15 member states, impacting industrial production in the Asia-Pacific region.

theglobeandmail.com

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Jan 15, 16:10

Alberta-BC Wine Deal: A Crack in Canada's Interprovincial Trade Barriers

Alberta and British Columbia signed a one-year agreement allowing Albertans to buy B.C. wine directly, marking a small step towards addressing Canada's long-standing interprovincial trade barriers, which a Queen's University study suggests could increase GDP per capita by 4% if eliminated.

Alberta-BC Wine Deal: A Crack in Canada's Interprovincial Trade Barriers

Alberta and British Columbia signed a one-year agreement allowing Albertans to buy B.C. wine directly, marking a small step towards addressing Canada's long-standing interprovincial trade barriers, which a Queen's University study suggests could increase GDP per capita by 4% if eliminated.

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What factors contributed to the creation of this limited free trade agreement, and what are its potential consequences for the broader Canadian economy?

This limited free trade agreement highlights the persistent protectionist politics within Canada's economic union. While a step forward, it underscores the significant barriers to fully integrated internal trade. The agreement's success could lead to expansion to other provinces and products, potentially boosting Canada's economic productivity.

theglobeandmail.com

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Feb 25, 22:12

Nova Scotia Eases Internal Trade Barriers, Challenges Other Provinces to Reciprocate

Nova Scotia Premier Tim Houston introduced legislation on Tuesday to eliminate internal trade barriers, recognizing out-of-province goods and worker certifications, contingent on other provinces and the federal government reciprocating, aiming to improve Canada's internal market amidst US tariff thr...

Nova Scotia Eases Internal Trade Barriers, Challenges Other Provinces to Reciprocate

Nova Scotia Premier Tim Houston introduced legislation on Tuesday to eliminate internal trade barriers, recognizing out-of-province goods and worker certifications, contingent on other provinces and the federal government reciprocating, aiming to improve Canada's internal market amidst US tariff thr...

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How does Nova Scotia's initiative relate to the broader context of US tariff threats against Canada?

This legislation responds to US tariff threats by reducing internal Canadian trade barriers. By removing Nova Scotia's CFTA exceptions, the province hopes to encourage other provinces and the federal government to do the same, thereby strengthening Canada's internal market.

smh.com.au

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Feb 17, 07:09

Canada to Counter Trump's Tariffs, Prioritizing Free Trade

Canadian Trade Minister Mary Ng, during her visit to Australia, urged middle powers to defend free trade against US President Donald Trump's proposed tariffs on Canadian and Mexican goods, emphasizing the strong economic ties between Canada and the US and threatening retaliatory tariffs if necessary...

Canada to Counter Trump's Tariffs, Prioritizing Free Trade

Canadian Trade Minister Mary Ng, during her visit to Australia, urged middle powers to defend free trade against US President Donald Trump's proposed tariffs on Canadian and Mexican goods, emphasizing the strong economic ties between Canada and the US and threatening retaliatory tariffs if necessary...

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How is Canada's response to Trump's trade policies impacting its broader economic strategy and international relations?

The volatility of Trump's trade policies has spurred Canada to diversify its markets beyond the US, particularly in the Indo-Pacific region. Ng emphasizes that imposing tariffs would harm American consumers by increasing prices at the pump and in grocery stores, directly contradicting Trump's claims of unfair trade practices. This highlights the interconnectedness of the North American economy and the potential for retaliatory tariffs.

elmundo.es

🌐 85% Global Worthiness

Feb 9, 22:08

US Protectionism: Rising Tariffs Despite Negative Employment Effects

The 2016 election of Donald Trump initiated a return to US protectionism, increasing tariffs despite studies showing that previous tariffs failed to boost employment and led to retaliatory tariffs; however, public support for tariffs remains high due to the disproportionate impact of perceived job l...

US Protectionism: Rising Tariffs Despite Negative Employment Effects

The 2016 election of Donald Trump initiated a return to US protectionism, increasing tariffs despite studies showing that previous tariffs failed to boost employment and led to retaliatory tariffs; however, public support for tariffs remains high due to the disproportionate impact of perceived job l...

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What are the immediate economic consequences of the increased protectionist measures implemented during Trump's presidency, and how do these consequences impact global trade dynamics?

In 2016, Donald Trump's election marked a resurgence of US protectionism, reversing a trend of declining tariffs since the 1930s. His first term saw the first tariff increase since the mid-1980s, but new threats targeting Canada, Mexico, and China promise even higher tariffs, potentially reaching the highest level in a century. Economic efficiency isn't a driving factor; studies show disappointing employment effects from prior tariffs.

chinadaily.com.cn

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Jan 22, 22:10

RCEP: Reducing Trade Costs Amidst Global Challenges

The Regional Comprehensive Economic Partnership (RCEP), comprising 15 Asia-Pacific nations, entered its third year on January 1, 2022, significantly reducing trade costs by eliminating tariffs on over 90% of traded goods and lowering non-tariff barriers, despite global trade cost increases from vari...

RCEP: Reducing Trade Costs Amidst Global Challenges

The Regional Comprehensive Economic Partnership (RCEP), comprising 15 Asia-Pacific nations, entered its third year on January 1, 2022, significantly reducing trade costs by eliminating tariffs on over 90% of traded goods and lowering non-tariff barriers, despite global trade cost increases from vari...

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How does the RCEP's inclusivity, particularly regarding less-developed economies, affect its ambition level compared to other trade agreements?

RCEP's impact on Asia-Pacific industrial production stems from its tariff and non-tariff barrier reductions, facilitating cheaper cross-border goods transit. This success contrasts with rising global trade costs due to factors like the rising US dollar, high oil prices, and container shortages. The agreement also serves as an ASEAN++ framework, expanding ASEAN's trade liberalization.

chinadaily.com.cn

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Jan 22, 01:08

RCEP: Lowering Trade Costs Amidst Global Uncertainty

The Regional Comprehensive Economic Partnership (RCEP), encompassing 15 Asia-Pacific nations, entered its third year on January 1, 2022, significantly reducing trade costs by eliminating tariffs on over 90% of traded goods and lowering non-tariff barriers, despite global trade cost increases due to ...

RCEP: Lowering Trade Costs Amidst Global Uncertainty

The Regional Comprehensive Economic Partnership (RCEP), encompassing 15 Asia-Pacific nations, entered its third year on January 1, 2022, significantly reducing trade costs by eliminating tariffs on over 90% of traded goods and lowering non-tariff barriers, despite global trade cost increases due to ...

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What is the immediate impact of the RCEP agreement on trade costs and industrial production within the Asia-Pacific region?

The Regional Comprehensive Economic Partnership (RCEP), effective since January 1, 2022, is the world's largest free trade agreement, covering approximately one-third of the global population and GDP. It has significantly reduced trade costs by eliminating tariffs on over 90% of goods and lowering non-tariff barriers among its 15 member states, despite global trade cost increases due to factors like the rising US dollar and geopolitical instability.

fr.allafrica.com

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Jan 15, 13:07

Angola and Equatorial Guinea Strengthen Ties with New Cooperation Agreements

Equatorial Guinean President Teodoro Obiang Nguema concluded a 48-hour visit to Luanda, Angola, on Tuesday, resulting in three new cooperation agreements focusing on language training, agriculture, and aeronautical technology, and an encouragement of Angolan investment in Equatorial Guinea.

Angola and Equatorial Guinea Strengthen Ties with New Cooperation Agreements

Equatorial Guinean President Teodoro Obiang Nguema concluded a 48-hour visit to Luanda, Angola, on Tuesday, resulting in three new cooperation agreements focusing on language training, agriculture, and aeronautical technology, and an encouragement of Angolan investment in Equatorial Guinea.

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What key agreements were signed during President Nguema's visit to Angola, and what immediate economic implications do they hold for both countries?

Equatorial Guinea's President, Teodoro Obiang Nguema, concluded a 48-hour working visit to Luanda, Angola, where he met with President João Lourenço and witnessed the signing of three cooperation agreements covering language training, agriculture, and aeronautical technology. He also encouraged Angolan investment in Equatorial Guinea to boost bilateral trade.

Showing 49 to 60 of 79 results