Tag #Global Trade

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nbcnews.com

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May 23, 19:15

Trump Threatens Apple with 25% Tariff, Causing $100 Billion Stock Drop

President Donald Trump threatened Apple with a 25% tariff on iPhones not made in the U.S., causing a 3% drop in Apple's stock price and approximately $100 billion loss in market value, following reports of Apple's plans for a $1.5 billion Indian production facility; Trump's actions are part of a lar...

Trump Threatens Apple with 25% Tariff, Causing $100 Billion Stock Drop

President Donald Trump threatened Apple with a 25% tariff on iPhones not made in the U.S., causing a 3% drop in Apple's stock price and approximately $100 billion loss in market value, following reports of Apple's plans for a $1.5 billion Indian production facility; Trump's actions are part of a lar...

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How does Trump's targeting of Apple fit within his broader pattern of using tariffs to influence corporate behavior?

Trump's actions represent a departure from typical presidential behavior, involving direct attacks on U.S. companies over their responses to his tariffs. He has previously targeted Amazon, Mattel, and Walmart, demonstrating a pattern of using tariffs as leverage to influence corporate decisions. This escalation against Apple, a significant U.S. company, may signal a more aggressive approach.

it.euronews.com

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May 23, 19:14

EU-UK Agreement Improves Trade and Travel, Faces Political Opposition

The EU and UK reached a new agreement on trade, defense, and fisheries, easing trade barriers for farmers and fishermen while improving travel arrangements for citizens; however, the Conservative party leader vowed to revoke it if elected.

EU-UK Agreement Improves Trade and Travel, Faces Political Opposition

The EU and UK reached a new agreement on trade, defense, and fisheries, easing trade barriers for farmers and fishermen while improving travel arrangements for citizens; however, the Conservative party leader vowed to revoke it if elected.

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Peace, Justice, and Strong Institutions

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What are the immediate impacts of the new EU-UK agreement on trade and travel?

The EU and UK finalized a new agreement covering trade, defense, and fisheries, aiming to improve relations after Brexit. The deal simplifies trade for UK farmers and fishermen by aligning with EU sanitary and phytosanitary (SPS) standards, and improves travel for citizens. However, pro-Brexit politicians criticized the agreement, with the Conservative party leader vowing to revoke it if elected.

usa.chinadaily.com.cn

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May 23, 07:12

SHFE Expands Futures Offerings to Serve China's Real Economy

The Shanghai Futures Exchange (SHFE) will launch new futures products for casting aluminum alloy, LNG, offset paper, and corrugated paper, and increase international access to products like nickel futures to better serve China's real economy amid rising global challenges and economic transformation;...

SHFE Expands Futures Offerings to Serve China's Real Economy

The Shanghai Futures Exchange (SHFE) will launch new futures products for casting aluminum alloy, LNG, offset paper, and corrugated paper, and increase international access to products like nickel futures to better serve China's real economy amid rising global challenges and economic transformation;...

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How does the increased use of commodities for hedging by Chinese companies reflect broader economic trends?

This expansion of the SHFE's offerings reflects increasing demand from Chinese companies for risk management tools in a volatile global market characterized by trade restructuring and geopolitical tensions. The move is part of a broader effort to leverage futures markets to optimize resource allocation and improve industrial efficiency within China, aligning with the nation's economic transformation. The growing participation of A-share companies in hedging strategies underscores this trend.

french.china.org.cn

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May 22, 10:12

China-ASEAN Finalize Upgraded Free Trade Agreement, Boosting Cooperation

China and ASEAN finalized negotiations on their upgraded free trade agreement (FTA) version 3.0, focusing on emerging sectors like digital and green economies, aiming for an official signing by the end of 2025, strengthening regional economic stability amidst global trade challenges.

China-ASEAN Finalize Upgraded Free Trade Agreement, Boosting Cooperation

China and ASEAN finalized negotiations on their upgraded free trade agreement (FTA) version 3.0, focusing on emerging sectors like digital and green economies, aiming for an official signing by the end of 2025, strengthening regional economic stability amidst global trade challenges.

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How will the upgraded FTA impact supply chains and cooperation in emerging sectors between China and ASEAN?

The agreement counters protectionism, enhancing supply chain resilience and synergy. It builds upon existing ASEAN-China FTA and the Regional Comprehensive Economic Partnership (RCEP), expanding cooperation in areas such as digital economy, green economy, and trade facilitation. This reflects a global trend towards openness and cooperation amidst trade challenges.

theglobeandmail.com

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May 22, 01:10

US-China Tariffs Force Canadian Retailer to Diversify

Mississauga-based Spier & Mackay, a men's clothing retailer, faces significant price volatility for its US customers due to US-China trade tariffs, causing price increases up to US$1345 for a suit initially priced at US$498, then reduced to US$772 after tariff reductions, impacting sales and prompti...

US-China Tariffs Force Canadian Retailer to Diversify

Mississauga-based Spier & Mackay, a men's clothing retailer, faces significant price volatility for its US customers due to US-China trade tariffs, causing price increases up to US$1345 for a suit initially priced at US$498, then reduced to US$772 after tariff reductions, impacting sales and prompti...

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How has the volatility of US tariffs affected Spier & Mackay's business strategy and expansion plans?

The US-China trade war's impact on Spier & Mackay highlights the vulnerability of businesses reliant on Chinese manufacturing and US sales. The 70 percent of sales from the US market, coupled with high tariffs (reaching 170 percent), forced price increases, deterring US customers and severely impacting sales volume. The recent tariff reduction to 55 percent offers some relief but remains a major obstacle.

edition.cnn.com

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May 21, 07:11

Home Depot to Absorb Tariff Increases, Maintain Most Prices

Home Depot will absorb most tariff increases to avoid raising prices broadly, but this may lead to some price increases or product elimination; the company's earnings were sluggish due to weak consumer sentiment and a weak housing market, yet it aims to gain market share through price stability.

Home Depot to Absorb Tariff Increases, Maintain Most Prices

Home Depot will absorb most tariff increases to avoid raising prices broadly, but this may lead to some price increases or product elimination; the company's earnings were sluggish due to weak consumer sentiment and a weak housing market, yet it aims to gain market share through price stability.

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Reduced Inequality

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How does Home Depot's pricing strategy compare to its competitors, and what factors contribute to this difference?

Home Depot's price stability strategy contrasts with competitors like Stanley Black & Decker and Walmart, who have announced price increases due to tariffs. This decision is influenced by weak consumer spending and a desire to maintain market competitiveness, despite potential risks.

africa.chinadaily.com.cn

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May 23, 10:12

China Promotes Free Trade and Open Innovation to Counter Global Protectionism

At the Global Trade and Investment Promotion Summit 2025, Chinese officials and global executives emphasized China's commitment to free trade, technological advancement, and open innovation as a counter to rising global protectionism, highlighting initiatives such as the Belt and Road Initiative and...

China Promotes Free Trade and Open Innovation to Counter Global Protectionism

At the Global Trade and Investment Promotion Summit 2025, Chinese officials and global executives emphasized China's commitment to free trade, technological advancement, and open innovation as a counter to rising global protectionism, highlighting initiatives such as the Belt and Road Initiative and...

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Reduced Inequality

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What is the primary global impact of China's push for free trade and technological cooperation amid rising protectionism?

China's promotion of free trade and investment, particularly its advancements in science and technology and open innovation, aims to foster global economic stability and inclusive development, countering rising unilateralism and protectionism. Senior officials and global executives highlight China's efforts to slash the negative list for foreign market access and expand openness in the services sector as key steps. This approach is seen as creating opportunities for international cooperation and economic integration, despite existing tensions.

german.china.org.cn

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May 23, 13:12

EU-China Celebrate 50 Years of Diplomatic Relations Amidst Global Uncertainty

The European Union and China celebrated 50 years of diplomatic relations on May 6th, 2024, highlighting their significant economic ties (over \$832 billion in bilateral trade in 2023) and cooperation on climate change and sustainable technologies, despite geopolitical tensions and differing politica...

EU-China Celebrate 50 Years of Diplomatic Relations Amidst Global Uncertainty

The European Union and China celebrated 50 years of diplomatic relations on May 6th, 2024, highlighting their significant economic ties (over \$832 billion in bilateral trade in 2023) and cooperation on climate change and sustainable technologies, despite geopolitical tensions and differing politica...

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Climate Action

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How does the EU-China economic partnership contribute to global stability and what are the key sectors driving this collaboration?

Despite differing political systems and occasional friction, the EU-China relationship has proven pragmatic, marked by increased cooperation in areas like climate change and sustainable technologies. This collaboration is particularly significant given global challenges and the desire for a fairer multilateral trading system. The economic interdependence, with over \$832 billion in bilateral trade in 2023, further strengthens the partnership.

usa.chinadaily.com.cn

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May 22, 07:12

China-CEEC Trade Soars Amidst US Uncertainty

Driven by strong economic complementarity and US trade policy uncertainty, China and Central and Eastern European Countries (CEEC) are significantly expanding trade and investment, with Zhejiang province's January-April 2024 trade with CEEC surging 11.6 percent year-on-year to $8.69 billion, showcas...

China-CEEC Trade Soars Amidst US Uncertainty

Driven by strong economic complementarity and US trade policy uncertainty, China and Central and Eastern European Countries (CEEC) are significantly expanding trade and investment, with Zhejiang province's January-April 2024 trade with CEEC surging 11.6 percent year-on-year to $8.69 billion, showcas...

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What are the long-term implications of this growing economic partnership for global trade and technological development?

The growing collaboration between China and CEEC will likely lead to further integration of their economies and technological advancements in sectors such as green energy, digital technologies, and advanced manufacturing. This trend may reshape global supply chains and reduce reliance on single markets, particularly the US. The increasing role of the Belt and Road Initiative in infrastructure development will further strengthen these ties.

usa.chinadaily.com.cn

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May 22, 07:12

China and ASEAN Finalize Upgraded Free Trade Agreement

China and the Association of Southeast Asian Nations (ASEAN) concluded negotiations for the upgraded China-ASEAN Free Trade Area (CAFTA) Version 3.0 agreement on Tuesday, aiming for a formal signing by year's end; the agreement covers nine areas, including the digital and green economies, and builds...

China and ASEAN Finalize Upgraded Free Trade Agreement

China and the Association of Southeast Asian Nations (ASEAN) concluded negotiations for the upgraded China-ASEAN Free Trade Area (CAFTA) Version 3.0 agreement on Tuesday, aiming for a formal signing by year's end; the agreement covers nine areas, including the digital and green economies, and builds...

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How does this upgraded agreement address global challenges to free trade and economic cooperation?

This agreement signifies a strong commitment to free trade amidst global trade challenges and pushes back against protectionism. The upgraded CAFTA expands upon existing agreements, enhancing cooperation in emerging sectors and improving supply chain resilience and connectivity. The deal's focus on the digital and green economies reflects the evolving global economic landscape.

npr.org

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May 22, 04:09

US Florists Face Challenges Amidst Import Tariffs

Tariffs imposed by the Trump administration on imported cut flowers are forcing U.S. florists to seek domestic alternatives, but local farmers face challenges meeting increased demand, highlighting the vulnerability of small businesses to trade policies and funding cuts.

US Florists Face Challenges Amidst Import Tariffs

Tariffs imposed by the Trump administration on imported cut flowers are forcing U.S. florists to seek domestic alternatives, but local farmers face challenges meeting increased demand, highlighting the vulnerability of small businesses to trade policies and funding cuts.

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How will the increased cost of imported cut flowers due to tariffs impact the profitability and sustainability of U.S. florists?

The Trump administration's tariffs on imported cut flowers are causing challenges for U.S. florists, who rely heavily on imports (roughly 80%). This is forcing them to seek domestic alternatives, but local flower farmers face hurdles in meeting the increased demand.

de.euronews.com

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May 21, 01:10

OECD Report: €416 Billion Global Counterfeit Trade, EU a Major Target

A new OECD report values global trade in counterfeit goods at over €416 billion, with the EU receiving nearly €99 billion worth, primarily from China, Turkey, and Hong Kong, via postal services, express couriers, and other methods, posing significant health and safety risks.

OECD Report: €416 Billion Global Counterfeit Trade, EU a Major Target

A new OECD report values global trade in counterfeit goods at over €416 billion, with the EU receiving nearly €99 billion worth, primarily from China, Turkey, and Hong Kong, via postal services, express couriers, and other methods, posing significant health and safety risks.

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Responsible Consumption and Production

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What are the primary sources of counterfeit goods entering the EU, and what are the most common smuggling methods used?

The report highlights China (over 50%), Turkey (22%), and Hong Kong (12%) as major sources of counterfeit goods destined for the EU. The trade fuels corruption, undermines consumer trust, and diverts resources from legitimate businesses. Common smuggling methods include postal services (58%), express couriers (17%), air freight (13%), and road transport (10%).

Showing 157 to 168 of 1,231 results