Tag #Global Economy

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cnn.com

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Mar 2, 22:12

US to Impose Tariffs on Canada, Mexico, and Possibly China on Tuesday

US Commerce Secretary Howard Lutnick announced tariffs on Canada and Mexico will be imposed Tuesday, with President Trump to determine exact rates; additional tariffs on China are also possible, potentially increasing consumer prices.

US to Impose Tariffs on Canada, Mexico, and Possibly China on Tuesday

US Commerce Secretary Howard Lutnick announced tariffs on Canada and Mexico will be imposed Tuesday, with President Trump to determine exact rates; additional tariffs on China are also possible, potentially increasing consumer prices.

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How do the proposed tariffs on China relate to the actions against Canada and Mexico?

The impending tariffs on Canada, Mexico, and potentially China, follow February's proposed rates (25% on most Mexican and Canadian goods, 10% on Chinese goods). A delay occurred, but a 10% tariff on Chinese goods was enacted, and further increases are possible. Economists predict these actions will raise prices for consumers and negatively impact businesses.

cbsnews.com

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Mar 1, 01:09

Trump Tariffs Spark Economic Concerns

President Trump's new tariffs on imports from Canada, Mexico, and China, set to take effect next week, along with planned levies on steel, aluminum, and potentially automobiles, are causing concern among economists who warn of potential inflation, slower economic growth, and even stagflation due to ...

Trump Tariffs Spark Economic Concerns

President Trump's new tariffs on imports from Canada, Mexico, and China, set to take effect next week, along with planned levies on steel, aluminum, and potentially automobiles, are causing concern among economists who warn of potential inflation, slower economic growth, and even stagflation due to ...

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How might the uncertainty surrounding the tariff implementation affect consumer and business behavior?

Economists at the Peterson Institute for International Economics and EY-Parthenon express concern that the tariffs, coupled with the administration's seemingly arbitrary implementation, will increase uncertainty, reduce consumer and business spending, and negatively impact investment. A recent EY-Parthenon survey reveals that 50% of businesses plan to pass on at least two-thirds of tariff-related cost increases to consumers.

usa.chinadaily.com.cn

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Mar 1, 04:10

US-China Trade War Escalates with New Tariffs

The US announced a 10 percent tariff increase on Chinese imports, citing the fentanyl issue, prompting China to threaten countermeasures and highlight its existing drug control policies, impacting global trade.

US-China Trade War Escalates with New Tariffs

The US announced a 10 percent tariff increase on Chinese imports, citing the fentanyl issue, prompting China to threaten countermeasures and highlight its existing drug control policies, impacting global trade.

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What are the immediate economic consequences of the US's additional tariffs on Chinese imports?

China strongly opposes the US's additional 10 percent tariff on Chinese imports, threatening countermeasures. The US cited the fentanyl issue, but China maintains it has strict drug control policies and international cooperation. This tariff escalation violates WTO rules.

faz.net

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Mar 1, 16:10

London Art Auctions Anticipate Lower Sales in 2024

London's major art auction houses – Christie's, Sotheby's, and Phillips – anticipate lower sales in March 2024 compared to 2023, primarily because of a post-pandemic market correction, though political and economic factors also play a role. Christie's projects £110.5-£167.5 million in sales across f...

London Art Auctions Anticipate Lower Sales in 2024

London's major art auction houses – Christie's, Sotheby's, and Phillips – anticipate lower sales in March 2024 compared to 2023, primarily because of a post-pandemic market correction, though political and economic factors also play a role. Christie's projects £110.5-£167.5 million in sales across f...

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What are the primary factors influencing the projected sales for the upcoming London art auctions, and what are the immediate implications for the art market?

This year's major London art auctions, taking place next week at Christie's, Sotheby's, and Phillips, anticipate lower sales compared to 2023, primarily due to the market absorbing the backlog of artworks accumulated during the pandemic. However, despite economic and political uncertainties, Christie's expects to generate £110.5-£167.5 million across five auctions, while Sotheby's and Phillips project lower sales compared to last year's record highs. No single lot is expected to exceed a £10 million estimate.

english.elpais.com

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Feb 28, 16:10

Trump's Unreliable Tariff Threats Shake Global Markets

President Trump's inconsistent tariff threats against Mexico, Canada, China, and the European Union are causing economic uncertainty, impacting investor confidence and inflation, with implementation dates frequently changing and creating market volatility.

Trump's Unreliable Tariff Threats Shake Global Markets

President Trump's inconsistent tariff threats against Mexico, Canada, China, and the European Union are causing economic uncertainty, impacting investor confidence and inflation, with implementation dates frequently changing and creating market volatility.

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What are the immediate economic consequences of President Trump's fluctuating tariff threats?

President Trump's trade policy, marked by frequent tariff threats, has created significant economic uncertainty. A 10% tariff on some Chinese goods has been implemented, and additional tariffs are threatened against Mexico, Canada, the European Union, and China, impacting investor confidence and inflation expectations.

euronews.com

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Feb 28, 07:08

Global Stocks Outpace US Market, Challenging 'America First' Narrative

Global stock markets excluding the US outperformed the S&P 500 by 5.8 percentage points through Monday, driven by factors such as cheaper valuations outside the US, differing monetary policies, and a stronger dollar impacting US exporters.

Global Stocks Outpace US Market, Challenging 'America First' Narrative

Global stock markets excluding the US outperformed the S&P 500 by 5.8 percentage points through Monday, driven by factors such as cheaper valuations outside the US, differing monetary policies, and a stronger dollar impacting US exporters.

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How do differing monetary policies and currency exchange rates influence the relative performance of US and non-US stock markets?

The superior performance of non-US markets is linked to several factors: relatively cheaper valuations outside the US, particularly in tech, more proactive interest rate cuts by central banks in other developed countries, and a stronger US dollar negatively impacting US exporters' profits (e.g., Amazon's $900 million revenue loss).

chinadaily.com.cn

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Mar 2, 22:12

Chinese Companies Expand Global Footprint Amidst Uncertainties

Following the Spring Festival, Chinese companies expanded globally, with Jiangsu-based enterprises exporting steel and canned goods, while the CCPIT organized eight groups of entrepreneurs visiting eight countries, resulting in 33 cooperation agreements, demonstrating a strong desire for internation...

Chinese Companies Expand Global Footprint Amidst Uncertainties

Following the Spring Festival, Chinese companies expanded globally, with Jiangsu-based enterprises exporting steel and canned goods, while the CCPIT organized eight groups of entrepreneurs visiting eight countries, resulting in 33 cooperation agreements, demonstrating a strong desire for internation...

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What is the immediate impact of Chinese companies' overseas expansion on global trade and economic cooperation?

Chinese companies are expanding globally, with examples including steel shipments from Zhangjiagang Port to Africa and canned beans from Yancheng to the Middle East. Following the Spring Festival, eight groups of Chinese entrepreneurs visited eight countries, resulting in 33 cooperation agreements.

europe.chinadaily.com.cn

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Mar 1, 04:10

US Imposes 20% Tariff on Chinese Imports, China Vows Retaliation

The US announced a 20 percent tariff increase on Chinese imports, citing fentanyl concerns, prompting China's strong opposition and a vow to retaliate, raising concerns about global trade stability.

US Imposes 20% Tariff on Chinese Imports, China Vows Retaliation

The US announced a 20 percent tariff increase on Chinese imports, citing fentanyl concerns, prompting China's strong opposition and a vow to retaliate, raising concerns about global trade stability.

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What are the immediate consequences of the US's decision to increase tariffs on Chinese imports?

The US announced a 20% tariff on Chinese imports, citing the fentanyl issue. China strongly opposes this, calling it a violation of WTO rules and vowing countermeasures to protect its interests. China has already raised tariffs on some US goods in response to previous tariffs.

nrc.nl

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Mar 1, 13:09

EU Economic Opportunities Amidst US Policy Shift

BNP Paribas' chief economist, Isabelle Mateos y Lago, analyzes the global economic impact of US policies, highlighting opportunities for the EU to strengthen its economic position amidst uncertainty while addressing challenges in regulation and sustainable practices.

EU Economic Opportunities Amidst US Policy Shift

BNP Paribas' chief economist, Isabelle Mateos y Lago, analyzes the global economic impact of US policies, highlighting opportunities for the EU to strengthen its economic position amidst uncertainty while addressing challenges in regulation and sustainable practices.

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What are the underlying causes of the current economic uncertainty, and how does this affect the EU's economic outlook?

Mateos y Lago contrasts the US's unpredictable policies with the EU's stability, highlighting the EU's potential to benefit from this instability through stronger internal economic cooperation and competitiveness.

euronews.com

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Feb 28, 07:08

Trump Announces 25% Tariffs on EU Imports, Markets React Negatively

US President Donald Trump announced plans to impose 25% tariffs on EU imports, including cars, prompting negative market reactions in Europe and the US, while the EU plans countermeasures.

Trump Announces 25% Tariffs on EU Imports, Markets React Negatively

US President Donald Trump announced plans to impose 25% tariffs on EU imports, including cars, prompting negative market reactions in Europe and the US, while the EU plans countermeasures.

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What are the immediate economic consequences of President Trump's proposed 25% tariffs on EU imports?

President Trump announced a plan to impose 25% tariffs on goods imported from the European Union, impacting cars and other products. European and US stock markets reacted negatively, with shares in major car manufacturers like BMW and Tesla experiencing significant drops.

bbc.com

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Feb 28, 07:08

G20 Cape Town Meeting Ends Without Joint Statement Amidst Climate Finance Disputes

The G20 finance ministers' meeting in Cape Town ended without a joint statement due to disagreements on climate finance and trade, leaving South Africa disappointed and highlighting global economic divisions.

G20 Cape Town Meeting Ends Without Joint Statement Amidst Climate Finance Disputes

The G20 finance ministers' meeting in Cape Town ended without a joint statement due to disagreements on climate finance and trade, leaving South Africa disappointed and highlighting global economic divisions.

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Climate Action

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How did the absence of key players and reduced foreign aid from major economies affect the discussions and outcomes of the G20 meeting?

The meeting's failure to issue a joint statement underscores growing global economic tensions and a lack of coordination on crucial issues like climate finance. The absence of key players and reduced foreign aid from major economies exacerbated existing divisions. This reflects broader geopolitical challenges hindering international cooperation on shared problems.

europe.chinadaily.com.cn

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Feb 28, 07:08

China Rejects US Tariffs, Calls for Dialogue Amidst Trade War

Amidst ongoing trade tensions, China stated it maintains communication with the US Department of Commerce, opposing US tariffs but willing to negotiate, while experts warn of detrimental effects on US consumers and global competitiveness due to protectionist measures.

China Rejects US Tariffs, Calls for Dialogue Amidst Trade War

Amidst ongoing trade tensions, China stated it maintains communication with the US Department of Commerce, opposing US tariffs but willing to negotiate, while experts warn of detrimental effects on US consumers and global competitiveness due to protectionist measures.

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What are the immediate impacts of the US's latest tariff hikes on US-China trade relations?

China affirmed its commitment to resolving trade disputes with the US through dialogue, despite the US imposing additional tariffs and investment restrictions. China reiterated its opposition to these unilateral measures and its commitment to protecting its interests. Countermeasures from China followed the US actions.

Showing 1,753 to 1,764 of 2,431 results