Tag #Global Trade

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cincodias.elpais.com

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Aug 4, 10:17

Global Markets Cautious Amidst US Economic Slowdown and Trade Tensions

Facing economic slowdown signals, global markets begin August cautiously; US tariffs on various countries (10%-50%) create uncertainty, the Bank of England may lower rates by 25 basis points, and the US President's attacks on the Fed's independence increase volatility.

Global Markets Cautious Amidst US Economic Slowdown and Trade Tensions

Facing economic slowdown signals, global markets begin August cautiously; US tariffs on various countries (10%-50%) create uncertainty, the Bank of England may lower rates by 25 basis points, and the US President's attacks on the Fed's independence increase volatility.

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How are the President's attacks on the Federal Reserve's independence impacting investor confidence and market behavior?

Rising trade tensions and political pressure on the Federal Reserve are major concerns. The US President's attacks on the Fed's independence, including the dismissal of the head of Labor Statistics and threats against the Fed chair, contribute to market volatility. Weakening economic indicators, including five consecutive months of contraction in US industrial activity, further exacerbate anxieties.

spanish.china.org.cn

🌐 85% Global Worthiness

Aug 4, 10:17

Yiwu Registers 10,000th Foreign-Funded Company, Showcasing China's Openness

Pakistani businessman Ali Kamran's company became the 10,000th foreign-funded entity registered in Yiwu, China, a milestone highlighting the city's success in attracting international investment, streamlining business registration, and boosting various sectors like the restaurant industry, which saw...

Yiwu Registers 10,000th Foreign-Funded Company, Showcasing China's Openness

Pakistani businessman Ali Kamran's company became the 10,000th foreign-funded entity registered in Yiwu, China, a milestone highlighting the city's success in attracting international investment, streamlining business registration, and boosting various sectors like the restaurant industry, which saw...

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What is the significance of Yiwu reaching 10,000 foreign-funded companies, and what are the immediate impacts of this milestone?

Ali Kamran, a Pakistani businessman, recently received a business license in Yiwu, China, becoming the 10,000th foreign-funded company registered there. This milestone reflects Yiwu's thriving business environment and its success in attracting foreign investment.

europe.chinadaily.com.cn

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Aug 4, 07:16

African Legislators Urge Intra-African Trade to Counter US Tariffs

African legislators are calling for increased intra-African trade and export diversification to counter the negative economic effects of recently imposed US tariffs, impacting countries like Lesotho (exports to the US account for over 10 percent of its GDP) and Botswana (increased diamond prices).

African Legislators Urge Intra-African Trade to Counter US Tariffs

African legislators are calling for increased intra-African trade and export diversification to counter the negative economic effects of recently imposed US tariffs, impacting countries like Lesotho (exports to the US account for over 10 percent of its GDP) and Botswana (increased diamond prices).

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What immediate economic consequences are African nations facing due to the recently imposed US tariffs, and how are they responding?

The US has imposed tariffs of up to 30 percent on various African exports, significantly impacting economies like Lesotho, where exports to the US account for over 10 percent of its GDP. African legislators are urging diversification of export markets and increased intra-African trade to mitigate these negative economic effects.

cnn.com

🌐 85% Global Worthiness

Aug 3, 13:15

Trump Ends Duty-Free Imports for Small Packages

President Trump ended a trade loophole that allowed duty-free entry for small packages, impacting mainly Chinese mega-shippers and potentially raising prices for US consumers, especially those with lower incomes.

Trump Ends Duty-Free Imports for Small Packages

President Trump ended a trade loophole that allowed duty-free entry for small packages, impacting mainly Chinese mega-shippers and potentially raising prices for US consumers, especially those with lower incomes.

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How does this decision relate to broader US-China trade tensions and concerns about illicit imports?

This action connects to broader concerns about trade imbalances and illicit goods. By removing the exemption, the administration aims to reduce the risk of smuggling and increase revenue. The disproportionate impact on lower-income households, who received 48% of these shipments, raises concerns about equitable access to affordable goods.

us.cnn.com

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Aug 3, 13:15

Trump Ends Duty-Free Imports, Impacting E-Commerce and Consumers

President Trump's executive order eliminates the duty-free import exemption for packages under $800, affecting 1.36 billion packages annually and potentially raising prices for consumers, particularly low-income households, while aiming to combat illicit trade.

Trump Ends Duty-Free Imports, Impacting E-Commerce and Consumers

President Trump's executive order eliminates the duty-free import exemption for packages under $800, affecting 1.36 billion packages annually and potentially raising prices for consumers, particularly low-income households, while aiming to combat illicit trade.

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What are the immediate consequences of eliminating the de minimis exemption for international e-commerce companies and American consumers?

President Trump's recent executive order eliminates the "de minimis" exemption, ending duty-free entry for packages valued at $800 or less from all countries. This impacts Chinese e-commerce giants like Shein and Temu, who utilized this loophole extensively, potentially leading to increased prices for consumers.

smh.com.au

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Aug 2, 04:14

Trump Slaps 39% Tariff on Swiss Goods, Hitting Luxury Brands

President Trump imposed a 39% tariff on Swiss exports to the US, impacting luxury goods like watches, chocolate, and cheese, exceeding previous proposals and creating a significant disadvantage for Swiss exporters compared to EU counterparts. The move prompted outrage from Swiss officials and indust...

Trump Slaps 39% Tariff on Swiss Goods, Hitting Luxury Brands

President Trump imposed a 39% tariff on Swiss exports to the US, impacting luxury goods like watches, chocolate, and cheese, exceeding previous proposals and creating a significant disadvantage for Swiss exporters compared to EU counterparts. The move prompted outrage from Swiss officials and indust...

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What are the immediate economic consequences of the 39% US tariff on Swiss exports, particularly for luxury brands?

President Trump's 39% tariff on Swiss exports will significantly increase prices for American consumers of Swiss goods, impacting luxury brands like Rolex and Lindt. Swiss chocolate makers deem the move "incomprehensible", anticipating substantial financial losses. The new tariff places Swiss exporters at a severe disadvantage compared to EU competitors facing only a 15% tariff.

chinadaily.com.cn

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Aug 4, 04:11

US Tariffs Spur African Trade Diversification Push

African legislators are urging increased intra-African trade and export diversification to counter US tariff hikes impacting South Africa (30% tariffs), Lesotho (>$237 million in lost exports), and other nations, leading to calls for unity and leveraging the African Continental Free Trade Area.

US Tariffs Spur African Trade Diversification Push

African legislators are urging increased intra-African trade and export diversification to counter US tariff hikes impacting South Africa (30% tariffs), Lesotho (>$237 million in lost exports), and other nations, leading to calls for unity and leveraging the African Continental Free Trade Area.

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What are the immediate economic consequences for African nations resulting from the recently imposed US tariffs?

The US has imposed tariffs of up to 30 percent on South African goods, prompting calls for export diversification and increased intra-African trade. Lesotho, whose exports to the US account for over 10 percent of its GDP, faces significant economic hardship due to these tariffs. This situation highlights the vulnerability of African economies reliant on US markets.

spanish.china.org.cn

🌐 85% Global Worthiness

Aug 4, 10:17

Chinese E-commerce Dominates Peruvian Market

Chinese e-commerce platforms, particularly Temu, are rapidly expanding in Peru, achieving high website traffic and market share within a year despite economic challenges; this expansion is further facilitated by the new Chancay port, built by a Chinese company, which is expected to significantly imp...

Chinese E-commerce Dominates Peruvian Market

Chinese e-commerce platforms, particularly Temu, are rapidly expanding in Peru, achieving high website traffic and market share within a year despite economic challenges; this expansion is further facilitated by the new Chancay port, built by a Chinese company, which is expected to significantly imp...

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How does the development of the Chancay port contribute to the expansion of Chinese e-commerce in South America?

Temu's success reflects broader trends of Chinese e-commerce expansion in developing nations, leveraging competitive pricing and targeted features to capture significant market share. The platform's popularity in Peru, despite economic challenges, highlights the demand for affordable goods and suggests a growing reliance on cross-border e-commerce. This expansion is further facilitated by infrastructure improvements, like the new Chancay port.

edition.cnn.com

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Aug 3, 16:16

Trump Ends Global Trade Loophole, Impacting Millions of Daily Shipments

President Trump ended a global trade loophole, eliminating duty-free entry for small packages into the US, impacting nearly 4 million daily shipments totaling 1.36 billion last year, mostly from China and Hong Kong, potentially raising prices for American consumers.

Trump Ends Global Trade Loophole, Impacting Millions of Daily Shipments

President Trump ended a global trade loophole, eliminating duty-free entry for small packages into the US, impacting nearly 4 million daily shipments totaling 1.36 billion last year, mostly from China and Hong Kong, potentially raising prices for American consumers.

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How will the elimination of this trade loophole affect the business models of major Chinese e-commerce companies and their customers?

This action directly targets Chinese mega-shippers who utilized the loophole to circumvent import duties, potentially increasing prices for US consumers. The elimination of the exemption, previously applied to China and Hong Kong, now extends globally, impacting companies like Temu who attempted workarounds, such as US-based distribution. This also impacts the millions of sellers on Amazon Haul.

lexpress.fr

🌐 85% Global Worthiness

Aug 3, 10:12

US Tariffs Trigger German Auto Industry Crisis

New US tariffs on European goods will cost the German auto industry billions annually, impacting its ongoing transformation; Mercedes-Benz's net profit dropped 56% year-on-year in the first half of 2025 to €2.7 billion, while Volkswagen reported €1.3 billion in losses due to existing US tariffs.

US Tariffs Trigger German Auto Industry Crisis

New US tariffs on European goods will cost the German auto industry billions annually, impacting its ongoing transformation; Mercedes-Benz's net profit dropped 56% year-on-year in the first half of 2025 to €2.7 billion, while Volkswagen reported €1.3 billion in losses due to existing US tariffs.

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What are the immediate economic consequences of the new US tariffs on the German automotive industry?

The 15% US tariffs on European goods will cost the German auto industry billions annually, significantly impacting its ongoing transformation. Mercedes-Benz's net profit dropped 56% year-on-year in the first half of 2025, reaching €2.7 billion. Volkswagen reported €1.3 billion in losses due to existing US tariffs.

theglobeandmail.com

🌐 75% Global Worthiness

Aug 3, 22:12

Canada Seeks to Diversify Trade Beyond the U.S.

Canada's new Trade Minister, Maninder Sidhu, plans to diversify trade beyond the U.S. by focusing on South America, Southeast Asia, and Africa, utilizing existing trade agreements with 51 countries, and employing smaller, sector-specific trade missions to improve efficiency and impact.

Canada Seeks to Diversify Trade Beyond the U.S.

Canada's new Trade Minister, Maninder Sidhu, plans to diversify trade beyond the U.S. by focusing on South America, Southeast Asia, and Africa, utilizing existing trade agreements with 51 countries, and employing smaller, sector-specific trade missions to improve efficiency and impact.

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What is Canada's new trade strategy, and what are its immediate goals and expected impacts?

Canada's new Trade Minister, Maninder Sidhu, aims to boost trade beyond the U.S. by focusing on South America, Southeast Asia, and Africa, and by encouraging Canadian businesses to utilize existing trade agreements covering 51 countries and 1.5 billion consumers. He plans smaller, sector-specific trade missions, unlike his predecessor's large-scale approaches.

kathimerini.gr

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Aug 2, 10:14

Trump Imposes Steep Tariffs on Dozens of Countries

President Trump imposed significant tariffs on imports from dozens of countries, including Canada (35%), Brazil (50%), India (25%), and Taiwan (20%), aiming to restructure global trade and reduce the US trade deficit, despite some countries having negotiated lower rates; a 90-day tariff delay was gr...

Trump Imposes Steep Tariffs on Dozens of Countries

President Trump imposed significant tariffs on imports from dozens of countries, including Canada (35%), Brazil (50%), India (25%), and Taiwan (20%), aiming to restructure global trade and reduce the US trade deficit, despite some countries having negotiated lower rates; a 90-day tariff delay was gr...

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What immediate economic consequences will result from President Trump's newly imposed tariffs on various countries?

President Trump imposed new tariffs on imports from numerous countries, including Canada (35%), Brazil (50%), India (25%), Taiwan (20%), and Switzerland (39%), exceeding his previously announced rates. Additional tariffs of 10-41% will take effect on August 7th for 69 countries, with some exceptions for goods shipped next week.

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