Tag #Global Economy

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cbsnews.com
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Trump Signals Potential Tariff Reduction on Chinese Goods

President Trump hinted at lowering tariffs on Chinese goods to 80%, initiating talks in Switzerland between U.S. and Chinese negotiators, aiming to resolve a recent trade war marked by high tariffs on both sides and subsequent market volatility.

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cnn.com
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China's Export Growth Slows Amid US Tariff Impact

China's export growth slowed to 8.1% in April due to US tariffs, impacting trade with the US (-2.5% exports, -4.7% imports), adding urgency to de-escalation talks in Geneva this weekend amid broader economic challenges.

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themarker.com
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Asia Markets Mixed on Trade Deal Hopes

Asian-Pacific markets showed mixed results following a US-UK trade deal and upcoming US-China trade talks; Tokyo rose 1.6%, while Shanghai fell 0.2%; China's April exports surged 8.1% year-on-year, exceeding expectations, but exports to the US plummeted over 21%.

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cincodias.elpais.com
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Global Central Banks Respond to US Trade War with Rate Cut Preparations

The US-China trade war has prompted central banks globally to prepare for more interest rate cuts than initially anticipated, as it decreases global growth but may alleviate inflation in some regions. The Bank of England, the People's Bank of China, and the central banks of Norway, Sweden, and Polan...

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welt.de
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China's Exports Rise Despite US Trade War Plunge

Despite an 8.1 percent rise in overall exports in April, China's trade with the US sharply declined (21 percent drop in exports and 13.8 percent in imports) due to tariffs imposed by both countries. China's trade with Germany showed contrasting trends, with exports soaring 20.4 percent and imports p...

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abcnews.go.com
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Trump Cuts UK Tariffs, Maintains Baseline 10% for Other Nations

President Trump agreed Thursday to lower tariffs on UK autos, steel, and aluminum in a trade deal, while keeping a 10% baseline tariff; the UK will increase purchases of US beef and ethanol and streamline customs; Trump suggested higher tariffs for other nations.

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news.sky.com
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Trump Floats 80% Tariff on China Ahead of Key Trade Talks

President Trump suggested lowering US tariffs on Chinese goods to 80% before high-level US-China trade talks in Switzerland, aiming to ease the damaging trade war impacting both nations and the global economy.

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us.cnn.com
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US Tariffs Slow China's Export Growth

China's April export growth fell to 8.1% due to US tariffs, down from 12.4% in March; exports to the US declined by 2.5%, imports by 4.7%, highlighting the trade war's impact on both economies ahead of de-escalation talks in Geneva.

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nos.nl
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US Tariffs Cause Sharp Drop in Chinese Exports to US, While Overall Exports Rise

Chinese exports to the US plummeted by over 20 percent in April due to US tariffs hitting 145 percent, while total Chinese exports rose by over 8 percent, likely due to strategic redirection to avoid tariffs; US and Chinese officials are negotiating to de-escalate the trade war.

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english.kyodonews.net
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U.S.-Britain Trade Deal: Reduced Tariffs and Increased Market Access

President Trump announced a trade deal with Britain, granting Britain a 10 percent tariff on 100,000 cars annually and removing additional steel and aluminum tariffs in exchange for increased U.S. market access for farm products, creating a $5 billion export opportunity for American farmers.

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nos.nl
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US-UK Trade Deal Eases Trump-Era Tariffs

The US and UK finalized a trade agreement easing Trump-era tariffs, granting exemptions for steel, aluminum, and 100,000 cars, while the UK opens its market to increased US product imports; this comes amid ongoing Brexit-related trade negotiations with the EU.

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usa.chinadaily.com.cn
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China-EU Trade Flourishes, Countering US Protectionism

Amidst rising US protectionism, China and the EU's Q1 2024 trade totaled $179.6 billion, up 1.4 percent year-on-year; a new China-Europe e-commerce rail service launched, highlighting their deepening economic cooperation to counter US tariffs and stabilize the global economy.

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Showing 481 to 492 of 2,284 results