Tag #Global Trade

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kathimerini.gr

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May 28, 13:13

Trump Tariffs and Lab-Grown Diamonds Cripple Global Diamond Industry

The global diamond industry faces a crisis due to decreased demand, the Chinese economic crisis, and 10% tariffs imposed by the Trump administration, leading to potential collapse of the industry as the US market represents over 50% of global demand; the industry is lobbying for an exemption and fac...

Trump Tariffs and Lab-Grown Diamonds Cripple Global Diamond Industry

The global diamond industry faces a crisis due to decreased demand, the Chinese economic crisis, and 10% tariffs imposed by the Trump administration, leading to potential collapse of the industry as the US market represents over 50% of global demand; the industry is lobbying for an exemption and fac...

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What are the main factors contributing to the diamond industry's current crisis, and how do these factors interact to create a systemic vulnerability?

The diamond industry's vulnerability stems from its complex supply chain, spanning multiple countries from mines to processing facilities. This makes it highly susceptible to international trade disruptions like tariffs. The industry's woes are compounded by competition from lab-grown diamonds, which are chemically identical, 80% cheaper, and increasingly preferred by consumers.

us.cnn.com

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May 28, 22:12

Fed Warns of Weakening Job Market Amid Trump's Trade War

Federal Reserve minutes express concern over a potential weakening of the US job market due to President Trump's trade policies; economists revised inflation projections upward and economic growth projections downward, while recent easing of trade tensions offers some hope but significant uncertaint...

Fed Warns of Weakening Job Market Amid Trump's Trade War

Federal Reserve minutes express concern over a potential weakening of the US job market due to President Trump's trade policies; economists revised inflation projections upward and economic growth projections downward, while recent easing of trade tensions offers some hope but significant uncertaint...

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What is the primary concern of the Federal Reserve regarding the US economy, and what specific data points support this concern?

The Federal Reserve minutes from May 6-7 reveal growing concerns about a weakening US job market due to President Trump's trade policies. Fed economists revised upwards their inflation projections and downwards their economic growth expectations. The minutes highlight uncertainty surrounding the labor market's future, contingent on trade policy developments.

french.china.org.cn

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May 28, 04:10

China to Align Development Strategies with ASEAN and GCC for Shared Growth

Chinese Premier Li Qiang announced on Tuesday, at the opening ceremony of the 2025 ASEAN-China-GCC Economic Forum, China's commitment to aligning its development strategies with ASEAN and the GCC to foster shared growth, emphasizing resilience in the face of global economic challenges.

China to Align Development Strategies with ASEAN and GCC for Shared Growth

Chinese Premier Li Qiang announced on Tuesday, at the opening ceremony of the 2025 ASEAN-China-GCC Economic Forum, China's commitment to aligning its development strategies with ASEAN and the GCC to foster shared growth, emphasizing resilience in the face of global economic challenges.

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What are the potential long-term impacts of China's economic strategy on global trade and development?

Li's statements highlight China's economic resilience amidst global uncertainty, emphasizing its ability to navigate challenges and foster growth. The focus on domestic demand and high-level openness suggests a proactive approach to sustaining economic momentum and sharing development opportunities.

english.kyodonews.net

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May 27, 16:11

China, ASEAN, and GCC Launch Trilateral Summit to Boost Economic Cooperation

Leaders from China, ASEAN, and the GCC met in Malaysia to strengthen economic ties, leveraging their combined $24.87 trillion GDP and 2.15 billion population amid U.S. trade tensions; the summit aims to create new opportunities for cross-sectoral trade, investment, and collaboration.

China, ASEAN, and GCC Launch Trilateral Summit to Boost Economic Cooperation

Leaders from China, ASEAN, and the GCC met in Malaysia to strengthen economic ties, leveraging their combined $24.87 trillion GDP and 2.15 billion population amid U.S. trade tensions; the summit aims to create new opportunities for cross-sectoral trade, investment, and collaboration.

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What are the immediate economic implications of the trilateral summit between China, ASEAN, and the GCC?

China, the Association of Southeast Asian Nations (ASEAN), and the Gulf Cooperation Council (GCC) held their first trilateral summit in Malaysia. Leaders emphasized boosting economic cooperation, aiming to leverage their combined $24.87 trillion GDP and 2.15 billion population. This initiative follows trade tensions with the U.S., prompting diversification efforts by Southeast Asian nations.

europe.chinadaily.com.cn

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May 27, 07:11

China Deepens Regional Ties Amidst US Trade Tensions

Facing persistent US trade tensions, China is deepening regional economic cooperation with the EU and ASEAN to defend the multilateral trade system, leveraging initiatives like green development and digital economy collaborations, and reshaping regional supply chains under RCEP to mitigate US tariff...

China Deepens Regional Ties Amidst US Trade Tensions

Facing persistent US trade tensions, China is deepening regional economic cooperation with the EU and ASEAN to defend the multilateral trade system, leveraging initiatives like green development and digital economy collaborations, and reshaping regional supply chains under RCEP to mitigate US tariff...

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How are China's actions in response to US tariffs influencing regional economic cooperation in Asia and Europe?

The US's unilateral trade policies, characterized by high tariffs, are undermining the WTO framework and prompting retaliatory measures. China, along with the EU and ASEAN, is responding by strengthening regional partnerships to enhance supply chain resilience and promote alternative trade arrangements. This is evidenced by increased collaboration on initiatives such as the EU's CBAM and digital trade facilitation with the EU, and industrial chain integration with ASEAN.

npr.org

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May 27, 19:11

U.S. Tariff Pause Causes Surge in Chinese Exports, Amidst Manufacturer Uncertainty

Following a temporary pause on most U.S. tariffs on Chinese goods, exports surged, causing logistical challenges and increased freight costs, while Chinese manufacturers remain uncertain about future orders due to the temporary nature of the tariff reduction.

U.S. Tariff Pause Causes Surge in Chinese Exports, Amidst Manufacturer Uncertainty

Following a temporary pause on most U.S. tariffs on Chinese goods, exports surged, causing logistical challenges and increased freight costs, while Chinese manufacturers remain uncertain about future orders due to the temporary nature of the tariff reduction.

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What are the immediate impacts of the temporary pause on U.S. tariffs on Chinese goods?

The temporary pause on U.S. tariffs on Chinese goods has led to a surge in exports, causing logistical bottlenecks and increased freight costs. Freight forwarders report a significant increase in business, while manufacturers express uncertainty due to the temporary nature of the tariff reduction.

npr.org

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May 28, 01:09

US Tariff Pause Spurs Rush of Chinese Exports Amidst Shipping Chaos and Uncertainty

Following a 90-day pause on most U.S. tariffs on Chinese goods, Chinese exporters are rushing to ship products to the U.S., facing shipping snarls and uncertainty from American retailers, while simultaneously diversifying to markets like Europe and Southeast Asia; despite a 20% drop in U.S. trade, o...

US Tariff Pause Spurs Rush of Chinese Exports Amidst Shipping Chaos and Uncertainty

Following a 90-day pause on most U.S. tariffs on Chinese goods, Chinese exporters are rushing to ship products to the U.S., facing shipping snarls and uncertainty from American retailers, while simultaneously diversifying to markets like Europe and Southeast Asia; despite a 20% drop in U.S. trade, o...

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What are the immediate impacts of the temporary pause on U.S. tariffs on Chinese goods, and how is this affecting the current transpacific trade dynamics?

The 90-day pause on most U.S. tariffs on Chinese goods has led to a surge in Chinese exports to the U.S., with exporters working around the clock to maximize shipments before potential tariff increases. However, significant shipping challenges remain, including delays and difficulties securing containers, impacting the efficiency of transpacific trade.

chinadaily.com.cn

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May 28, 07:13

Upgraded China-ASEAN Free Trade Agreement Boosts Regional Economic Integration

China and ASEAN completed negotiations on an upgraded free trade agreement (CAFTA 3.0), expanding cooperation beyond tariff cuts to include digital, green, and resilient supply chains, boosting trade and benefiting SMEs, especially in Malaysia, while strengthening multilateralism amidst growing prot...

Upgraded China-ASEAN Free Trade Agreement Boosts Regional Economic Integration

China and ASEAN completed negotiations on an upgraded free trade agreement (CAFTA 3.0), expanding cooperation beyond tariff cuts to include digital, green, and resilient supply chains, boosting trade and benefiting SMEs, especially in Malaysia, while strengthening multilateralism amidst growing prot...

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What are the long-term implications of CAFTA 3.0 for global trade dynamics and the future of multilateralism?

The success of CAFTA 3.0 signifies a powerful endorsement of multilateralism amid rising protectionism. By reducing reliance on Western markets and fostering a more balanced global trade system, the agreement enhances the autonomy and resilience of participating economies, especially smaller ones like Malaysia, while setting a model for South-South cooperation.

europe.chinadaily.com.cn

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May 27, 04:10

China-EU Investment Surge Amid US Trade Tensions

Chinese investment in the EU surged 47 percent in 2024 to €10 billion, driven by greenfield investment and acquisitions, reflecting stronger EU-China ties amid rising US trade protectionism and global trade fragmentation.

China-EU Investment Surge Amid US Trade Tensions

Chinese investment in the EU surged 47 percent in 2024 to €10 billion, driven by greenfield investment and acquisitions, reflecting stronger EU-China ties amid rising US trade protectionism and global trade fragmentation.

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What is the immediate impact of increased Chinese investment in the EU in the face of rising US protectionism?

In 2024, Chinese investment in the EU surged 47 percent year-on-year to €10 billion ($11.4 billion), marking a significant rebound driven by greenfield investment and mergers and acquisitions. This reflects the complementary economic interests between China and the EU, particularly amid rising US tariff pressures.

africa.chinadaily.com.cn

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May 27, 10:14

China's Economic Resilience Amidst US Trade Tensions

Amidst high US tariffs, China's robust economic growth (6.1 percent in April) and strengthened regional partnerships, particularly with the EU and ASEAN, are mitigating trade tensions, while the future outlook depends on US policy consistency.

China's Economic Resilience Amidst US Trade Tensions

Amidst high US tariffs, China's robust economic growth (6.1 percent in April) and strengthened regional partnerships, particularly with the EU and ASEAN, are mitigating trade tensions, while the future outlook depends on US policy consistency.

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What is the immediate impact of the US's high tariffs on global trade and how is China responding?

China's robust economic growth, particularly in high-tech manufacturing (up 10 percent year-on-year in April), demonstrates resilience against US tariffs. This resilience, coupled with strengthened regional partnerships like the RCEP, allows China to mitigate US trade pressure.

smh.com.au

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May 27, 07:11

China's EV Market: Oversupply and Price War

China's electric vehicle market is facing a price war due to oversupply and weak consumer demand, leading to financial stress for manufacturers and a potential global trade conflict.

China's EV Market: Oversupply and Price War

China's electric vehicle market is facing a price war due to oversupply and weak consumer demand, leading to financial stress for manufacturers and a potential global trade conflict.

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Industry, Innovation, and Infrastructure

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What are the underlying causes of the oversupply and weak demand in China's EV market?

The oversupply stems from a rapid expansion of EV manufacturers in the past five years, now consolidating to around 60 from 500, but still too many for market sustainability. Weak demand is due to subdued consumer spending amid economic slowdown and limited effectiveness of government incentives. This mirrors the property sector crisis, highlighting resource misallocation.

english.kyodonews.net

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May 27, 07:11

Japan, U.S. hold 4th tariff talks amid 900 billion yen stimulus

Japan and the U.S. will hold their fourth round of tariff talks in Washington on Friday, focusing on resolving trade disputes initiated by President Trump's tariffs. Japan has also announced a 900 billion yen ($6.3 billion) stimulus package to counter the negative economic consequences, with the tot...

Japan, U.S. hold 4th tariff talks amid 900 billion yen stimulus

Japan and the U.S. will hold their fourth round of tariff talks in Washington on Friday, focusing on resolving trade disputes initiated by President Trump's tariffs. Japan has also announced a 900 billion yen ($6.3 billion) stimulus package to counter the negative economic consequences, with the tot...

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How do the U.S. tariffs on Japan relate to broader global trade dynamics and potential impacts on other countries?

The tariff talks between Japan and the U.S. are part of a broader trade dispute stemming from President Trump's trade policies. Japan's stimulus package demonstrates the significant economic consequences these tariffs impose, potentially affecting the global economy. The talks aim to find a resolution to the trade dispute that benefits both countries.

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