Tag #Global Economy

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smh.com.au

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Feb 12, 04:12

Trump's Expanded Steel and Aluminum Tariffs: Broader Impact, Higher Stakes

President Trump's new tariffs on steel and aluminum imports into the US, applying a 25 percent rate to both metals from all countries and impacting key downstream products, mirror his 2018 actions but with broader consequences; the 2018 tariffs, while increasing steel industry profits and jobs, cost...

Trump's Expanded Steel and Aluminum Tariffs: Broader Impact, Higher Stakes

President Trump's new tariffs on steel and aluminum imports into the US, applying a 25 percent rate to both metals from all countries and impacting key downstream products, mirror his 2018 actions but with broader consequences; the 2018 tariffs, while increasing steel industry profits and jobs, cost...

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How did the design of the 2023 tariffs differ from the 2018 tariffs, and what are the potential implications of these differences for global trade relations?

The 2018 tariffs illustrate a pattern: protectionism benefits the protected sector but at the expense of consumers and related industries. While the US steel industry saw job growth and increased profits, these gains were offset by higher costs for steel users, highlighting the trade-offs inherent in protectionist policies. This cost was $650,000 per job created.

europe.chinadaily.com.cn

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Feb 12, 04:12

China's Transition to Innovation-Driven Economy

China's economic growth model is shifting from low-cost manufacturing to innovation-driven development, facing challenges from an aging population and global trade tensions, but also possessing strengths in technological advancement and a vast talent pool.

China's Transition to Innovation-Driven Economy

China's economic growth model is shifting from low-cost manufacturing to innovation-driven development, facing challenges from an aging population and global trade tensions, but also possessing strengths in technological advancement and a vast talent pool.

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What are the key challenges and opportunities presented by China's aging population and the changing global economic landscape?

China's transition from a low-cost manufacturing hub to an innovation-driven economy is crucial due to rising domestic costs and an aging population. This shift requires systemic innovation, strategic government intervention in nascent industries, and a supportive environment for private enterprises.

themarker.com

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Feb 12, 10:11

Asian Markets Rise After Powell's Rate Signal; Tariffs Shake Global Trade

Asian-Pacific markets rose after Fed Chair Powell signaled no immediate rate cut due to the strong US economy; upcoming US CPI data will provide further inflation insights; Chinese tech stocks surged on UBS's positive AI forecast and Alibaba's potential partnership with Apple; Japan requested a stee...

Asian Markets Rise After Powell's Rate Signal; Tariffs Shake Global Trade

Asian-Pacific markets rose after Fed Chair Powell signaled no immediate rate cut due to the strong US economy; upcoming US CPI data will provide further inflation insights; Chinese tech stocks surged on UBS's positive AI forecast and Alibaba's potential partnership with Apple; Japan requested a stee...

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What are the immediate market implications of Jerome Powell's statement on interest rates and how does this affect global investor confidence?

Asian-Pacific markets largely rose following Federal Reserve Chair Jerome Powell's indication that an immediate interest rate cut isn't necessary, citing the robust state of the US economy. This follows a day of mixed trading on Wall Street, influenced by Powell's testimony and President Trump's imposition of tariffs on steel and aluminum imports. Further direction on inflation is expected with the release of US consumer price index data later today.

theglobeandmail.com

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Feb 12, 13:16

Record Global EV Sales in 2024 Despite Regional Slowdowns

Global electric vehicle sales hit a record 17.1 million in 2024, a 25% increase from 2023, driven by decreasing battery prices and government incentives in some regions; however, the EU saw a slowdown due to reduced subsidies.

Record Global EV Sales in 2024 Despite Regional Slowdowns

Global electric vehicle sales hit a record 17.1 million in 2024, a 25% increase from 2023, driven by decreasing battery prices and government incentives in some regions; however, the EU saw a slowdown due to reduced subsidies.

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Climate Action

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What were the key factors contributing to the record-breaking global electric vehicle sales in 2024?

Global EV sales reached a record 17.1 million units in 2024, a 25% increase from 2023. December 2024 marked the fourth consecutive month of record sales, totaling 1.9 million EVs. This growth continues despite reduced production targets by some automakers.

german.china.org.cn

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Feb 12, 13:17

US Imposes Steel, Iron, Aluminum Tariffs, Sparking Global Trade War Fears

US President Donald Trump signed an executive order on Monday imposing 25% tariffs on steel, iron, and aluminum imports, escalating global trade war risks and prompting retaliatory threats from Canada and the European Union, despite the US aiming to boost domestic production and jobs.

US Imposes Steel, Iron, Aluminum Tariffs, Sparking Global Trade War Fears

US President Donald Trump signed an executive order on Monday imposing 25% tariffs on steel, iron, and aluminum imports, escalating global trade war risks and prompting retaliatory threats from Canada and the European Union, despite the US aiming to boost domestic production and jobs.

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What are the long-term implications of this protectionist trade policy for the US economy and global trade?

The imposition of these tariffs will likely trigger retaliatory measures from affected countries, leading to a decline in global trade and economic growth. The lack of technological advancement in the US steel and iron industry suggests that even with tariffs, long-term competitiveness remains a significant challenge. This protectionist approach may ultimately harm US consumers and businesses more than it helps the domestic steel sector.

nos.nl

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Feb 12, 19:19

US Tariffs Threaten Dutch Businesses

The threat of increased US import tariffs on European goods is causing major Dutch companies to assess their global strategies, with concerns focused on the potential negative impacts on sales and supply chains.

US Tariffs Threaten Dutch Businesses

The threat of increased US import tariffs on European goods is causing major Dutch companies to assess their global strategies, with concerns focused on the potential negative impacts on sales and supply chains.

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What are the immediate economic consequences for Dutch companies if the US imposes higher tariffs on European goods?

The potential imposition of higher import tariffs by the U.S. on European goods, including cars, chips, and medical equipment, is causing significant uncertainty among major Dutch companies, particularly those with substantial operations in both Europe and the United States. Companies like Ahold Delhaize, with 60% of its revenue from the US, are particularly vulnerable.

usa.chinadaily.com.cn

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Feb 12, 04:12

China's Foreign Trade Hits Record High Amidst Global Challenges

Despite global trade challenges, China's foreign trade reached a record high of 43.85 trillion yuan in 2024, with a 5 percent year-on-year increase driven by high-value exports and market diversification, as companies expanded into new markets and invested in R&D to counter protectionism and geopoli...

China's Foreign Trade Hits Record High Amidst Global Challenges

Despite global trade challenges, China's foreign trade reached a record high of 43.85 trillion yuan in 2024, with a 5 percent year-on-year increase driven by high-value exports and market diversification, as companies expanded into new markets and invested in R&D to counter protectionism and geopoli...

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How are Chinese companies responding to rising protectionism and geopolitical tensions?

Chinese companies are actively countering protectionism by diversifying export markets and investing in R&D. For example, Narwal expanded its export markets from under 10 to over 30 in a year, while Zhejiang Yueli Electrical saw a 39.2 percent increase in hair dryer exports to Central and Eastern Europe. This diversification strategy is a direct response to challenges such as US tariffs and the Russia-Ukraine conflict.

usa.chinadaily.com.cn

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Feb 12, 04:12

EU Threatens Retaliation Against US Tariffs on Steel and Aluminum

US President Trump's 25% tariff on steel and aluminum imports, effective immediately, has sparked strong opposition from the European Union, threatening retaliatory measures and potentially escalating into a trade war.

EU Threatens Retaliation Against US Tariffs on Steel and Aluminum

US President Trump's 25% tariff on steel and aluminum imports, effective immediately, has sparked strong opposition from the European Union, threatening retaliatory measures and potentially escalating into a trade war.

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How is the EU's response to the US tariffs shaping the broader context of international trade relations?

The EU's unified opposition highlights the potential for significant economic disruption. The tariffs threaten to raise prices and inflation, impacting businesses and consumers. Statements from German Chancellor Olaf Scholz and others underscore the EU's determination to act collectively.

bbc.com

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Feb 12, 13:16

Trump's Tariffs: Economic Harm Despite Claims of Benefit

Donald Trump's tariff policies, contrary to his claims, are widely considered by economists to harm the US economy, based on historical examples and the principles of free trade, while benefiting only a few African nations.

Trump's Tariffs: Economic Harm Despite Claims of Benefit

Donald Trump's tariff policies, contrary to his claims, are widely considered by economists to harm the US economy, based on historical examples and the principles of free trade, while benefiting only a few African nations.

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Reduced Inequality

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How do economists explain the US trade deficit, and why do they disagree with Trump's approach to addressing it?

Economists argue that America's trade deficit stems from its high consumption and borrowing, not unfair trade practices. Free trade, by allowing countries to specialize in efficient production, increases overall output and benefits all participants. Trump's tariffs, however, disrupt this system, leading to retaliatory measures and harming American businesses.

german.china.org.cn

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Feb 12, 13:17

Trump's Steel and Aluminum Tariffs Spark Global Backlash

President Trump implemented a 25% tariff increase on all steel and aluminum imports, prompting international condemnation and threats of retaliatory measures from Canada, the EU, India, and China, who argue the move will harm consumers and businesses globally.

Trump's Steel and Aluminum Tariffs Spark Global Backlash

President Trump implemented a 25% tariff increase on all steel and aluminum imports, prompting international condemnation and threats of retaliatory measures from Canada, the EU, India, and China, who argue the move will harm consumers and businesses globally.

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What are the immediate economic consequences of President Trump's decision to increase steel and aluminum tariffs?

President Trump increased tariffs on all steel and aluminum imports by up to 25 percent, prompting criticism from governments worldwide. This action is expected to negatively impact businesses and consumers, including those in the U.S.

dw.com

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Feb 12, 19:19

Trump Imposes Steel and Aluminum Tariffs, Sparking Economic Concerns

President Trump imposed 25% tariffs on steel and aluminum imports from all countries, effective March, aiming to revive US production, despite economist warnings of widespread negative impacts and potential retaliatory measures from Canada and the EU.

Trump Imposes Steel and Aluminum Tariffs, Sparking Economic Concerns

President Trump imposed 25% tariffs on steel and aluminum imports from all countries, effective March, aiming to revive US production, despite economist warnings of widespread negative impacts and potential retaliatory measures from Canada and the EU.

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What are the immediate economic consequences of Trump's 25% tariffs on steel and aluminum imports?

President Trump announced 25% tariffs on steel and aluminum imports, aiming to bolster domestic production. This will take effect in March and applies to all countries, potentially increasing prices for American consumers and harming low-income families who disproportionately supported him.

abcnews.go.com

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Feb 12, 22:20

Senate Approves Trump's Trade Negotiator Amidst Ongoing Trade War

The Senate Finance Committee approved Jamieson Greer as President Trump's nominee for U.S. trade representative by a 15-12 vote, sending the nomination to the full Senate amid Trump's ongoing trade war with China and other countries, including planned retaliatory tariffs and a recent last-minute del...

Senate Approves Trump's Trade Negotiator Amidst Ongoing Trade War

The Senate Finance Committee approved Jamieson Greer as President Trump's nominee for U.S. trade representative by a 15-12 vote, sending the nomination to the full Senate amid Trump's ongoing trade war with China and other countries, including planned retaliatory tariffs and a recent last-minute del...

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What are the potential long-term consequences of Greer's appointment for global trade relations and the American economy?

Greer's role will be central to implementing Trump's trade war, potentially exacerbating global trade tensions and economic uncertainty. His confirmation could lead to further escalation of tariffs and retaliatory measures, impacting consumer prices and international relations. The 30-day delay on tariffs against Mexico and Canada suggests a willingness to compromise under pressure, but this may prove temporary.

Showing 1,873 to 1,884 of 2,436 results