Tag #Global Trade

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theglobeandmail.com

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Dec 17, 16:14

China to Raise Budget Deficit to Record High Amid US Tariff Concerns

China will raise its budget deficit to 4 percent of GDP in 2024, a record high, to counteract the expected increase in US tariffs under a Trump administration, while maintaining a 5 percent GDP growth target for 2024 and 2025.

China to Raise Budget Deficit to Record High Amid US Tariff Concerns

China will raise its budget deficit to 4 percent of GDP in 2024, a record high, to counteract the expected increase in US tariffs under a Trump administration, while maintaining a 5 percent GDP growth target for 2024 and 2025.

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How will China's increased fiscal spending be funded, and what is the potential impact of this strategy on long-term debt sustainability?

This fiscal expansion is part of a broader strategy to maintain a 5 percent GDP growth target in 2024 and 2025, despite a challenging economic climate marked by a property crisis, high local government debt, and weak consumer demand. The increased spending will be funded through off-budget special bonds.

politico.eu

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Dec 16, 07:09

UK Joins CPTPP Trade Bloc Amid US-China Tensions

The UK became the first new member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on July 1, 2024, aiming to strengthen its trade ties in the Indo-Pacific amid rising US-China trade tensions and global trade fragmentation, despite projected modest short-term eco...

UK Joins CPTPP Trade Bloc Amid US-China Tensions

The UK became the first new member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on July 1, 2024, aiming to strengthen its trade ties in the Indo-Pacific amid rising US-China trade tensions and global trade fragmentation, despite projected modest short-term eco...

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What are the immediate implications of the UK joining the CPTPP trade bloc?

The UK joined the CPTPP trade bloc on July 1, 2024, becoming its first new member since 2018 and the first member without a coast bordering the Indo-Pacific region. This move aims to diversify trade partnerships amid rising trade tensions between the US and China, offering the UK access to fast-growing Asian economies. The UK government projects a £2 billion annual GDP boost by 2040, though some analysts offer more conservative estimates.

npr.org

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Dec 15, 16:12

US Businesses Divided Over Trump's Proposed Tariffs

Proposed tariffs on imports are dividing US businesses; some welcome them as a defense against foreign competition, while others fear higher costs for consumers, impacting affordability and potentially inflation.

US Businesses Divided Over Trump's Proposed Tariffs

Proposed tariffs on imports are dividing US businesses; some welcome them as a defense against foreign competition, while others fear higher costs for consumers, impacting affordability and potentially inflation.

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What are the immediate economic consequences for US businesses and consumers resulting from the proposed tariffs?

Tariffs on imports are dividing US businesses. Some, like Mark McClelland of Tower Extrusions, welcome tariffs to counter foreign competition, particularly from China and Mexico, which supply about 35% of US extruded aluminum products, nearly double the share five years ago. However, others, such as importer Bobby Djavaheri, fear increased costs for consumers. A 60% tariff on Chinese imports could significantly increase the price of his air fryers.

npr.org

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Dec 15, 16:12

Trump Tariffs Divide Businesses: Protection vs. Increased Costs

President Trump's proposed tariffs are creating a rift among American businesses, with some celebrating potential protection from foreign competition while others anticipate increased costs and decreased sales, impacting consumer prices.

Trump Tariffs Divide Businesses: Protection vs. Increased Costs

President Trump's proposed tariffs are creating a rift among American businesses, with some celebrating potential protection from foreign competition while others anticipate increased costs and decreased sales, impacting consumer prices.

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How will Trump's proposed tariffs on imported goods immediately impact American businesses and consumers?

Trump's proposed tariffs are dividing businesses. Some, like aluminum manufacturer Tower Extrusions, welcome them to counter cheaper imports and protect jobs, while importers like Yedi Houseware Appliances and Label Shopper fear increased costs and reduced sales. These tariffs could significantly impact consumer prices.

abcnews.go.com

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Dec 13, 04:09

Trump Sides with Dockworkers, Opposing Port Automation

President-elect Trump voiced support for the International Longshoreman's Association (ILA) union, opposing port automation before their January 15 contract deadline with the U.S. Maritime Alliance, citing potential job losses and emphasizing the need to prioritize American workers over cost savings...

Trump Sides with Dockworkers, Opposing Port Automation

President-elect Trump voiced support for the International Longshoreman's Association (ILA) union, opposing port automation before their January 15 contract deadline with the U.S. Maritime Alliance, citing potential job losses and emphasizing the need to prioritize American workers over cost savings...

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How does Trump's stance on port automation reconcile with his broader economic agenda and commitments to advanced technology?

Trump's intervention highlights the conflict between prioritizing blue-collar jobs and embracing technological advancements for global competitiveness. His "America First" approach prioritizes domestic workers over efficiency gains, potentially hindering the modernization of U.S. ports. This position contrasts with the needs of businesses reliant on efficient port operations and the global trend toward automation in the shipping industry.

welt.de

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Dec 13, 13:13

"Sharp Drop in German Exports Signals Structural Crisis"

"German exports fell 2.8% in October to \u20ac124.6 billion, the sharpest monthly drop this year, due to decreased demand and global competition, impacting major markets like the US (-14%) and China (-3.8%), causing concern about potential job losses and economic slowdown."

"Sharp Drop in German Exports Signals Structural Crisis"

"German exports fell 2.8% in October to \u20ac124.6 billion, the sharpest monthly drop this year, due to decreased demand and global competition, impacting major markets like the US (-14%) and China (-3.8%), causing concern about potential job losses and economic slowdown."

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"What are the immediate economic consequences of the significant drop in German exports in October?"

"German exports dropped 2.8% in October to \u20ac124.6 billion, the steepest monthly decline this year. US exports plummeted 14%, impacting the largest export market. This follows a 2.8% year-on-year decrease.", "The October export decline signals a broader structural crisis in German industry, impacting competitiveness and potentially leading to job losses. The BGA and DIHK cite factors like high energy costs, bureaucracy, and intense global competition. The Bundesbank anticipates slow export growth next year.", "Germany's export slowdown reflects a structural crisis, not a temporary setback. Continued high energy costs, bureaucracy, and growing global competition threaten future export growth, impacting Germany's economic contribution. The trade surplus, though still positive, is shrinking."

europe.chinadaily.com.cn

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Dec 16, 04:09

China's Open Market Fuels Foreign Investment Amidst Global Headwinds

Amidst global economic uncertainty, China's persistent market opening—demonstrated by record FDI and outbound investment, along with initiatives like the China International Import Expo and free trade zones—provides significant opportunities for foreign companies, boosting global economic stability ...

China's Open Market Fuels Foreign Investment Amidst Global Headwinds

Amidst global economic uncertainty, China's persistent market opening—demonstrated by record FDI and outbound investment, along with initiatives like the China International Import Expo and free trade zones—provides significant opportunities for foreign companies, boosting global economic stability ...

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How do the actions and statements of multinational corporations like L'Oréal, Honeywell, and Zeiss reflect China's role in the global economy?

China's sustained economic opening, evidenced by initiatives like the China International Import Expo and free trade zones, attracts substantial foreign direct investment ($163.3 billion in 2023) and fosters outbound investment ($177.29 billion). This commitment to open trade and investment, praised by UNCTAD, injects stability into the global economy during uncertainty. Multinational corporations view success in China as crucial for global competitiveness.

us.cnn.com

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Dec 16, 13:10

China's Industrial Output Rises, But Weak Retail Sales Raise Concerns

China's industrial output grew by 5.4% in November, exceeding expectations, but retail sales slowed to a three-month low of 3%, raising concerns about the sustainability of economic recovery amidst potential increases in US tariffs under a second Trump administration.

China's Industrial Output Rises, But Weak Retail Sales Raise Concerns

China's industrial output grew by 5.4% in November, exceeding expectations, but retail sales slowed to a three-month low of 3%, raising concerns about the sustainability of economic recovery amidst potential increases in US tariffs under a second Trump administration.

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How do the weak retail sales figures relate to the ongoing efforts to rebalance China's economy away from export-led growth?

The slower-than-expected retail sales growth underscores persistent weakness in domestic consumption, a key area for China's economic rebalancing. This weakness, coupled with potential increases in US tariffs, creates significant headwinds for China's economic growth.

bbc.com

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Dec 15, 22:09

India's Economic Slowdown: 5.4 Percent Contraction in Q3 2023

India's economy contracted by 5.4 percent in the July-September quarter, lower than the projected 7 percent, due to weak consumer demand, reduced government spending, and low global market share (2 percent in 2023); experts cite high tariffs and a focus on rupee stability as contributing factors.

India's Economic Slowdown: 5.4 Percent Contraction in Q3 2023

India's economy contracted by 5.4 percent in the July-September quarter, lower than the projected 7 percent, due to weak consumer demand, reduced government spending, and low global market share (2 percent in 2023); experts cite high tariffs and a focus on rupee stability as contributing factors.

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How do the differing performances of India's 'old' and 'new' economies contribute to the current economic slowdown?

The Indian economy's recent downturn reflects a confluence of factors: reduced consumer spending due to stagnant wages in the last quarter, decreased government expenditure, and a persistent struggle to increase global market share. These challenges highlight a deeper systemic issue where the growth of the 'new economy' (services and exports) is not compensating for stagnation in the 'old economy' (informal sector, agriculture).

edition.cnn.com

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Dec 13, 04:09

Trump Import Tax Hikes to Increase Prices for American Consumers

The incoming Trump administration's proposed import tax increases will lead to higher prices for various consumer goods, including shoes, toys, food, and electronics, significantly impacting American households, particularly lower-income ones, according to new research.

Trump Import Tax Hikes to Increase Prices for American Consumers

The incoming Trump administration's proposed import tax increases will lead to higher prices for various consumer goods, including shoes, toys, food, and electronics, significantly impacting American households, particularly lower-income ones, according to new research.

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What are the immediate impacts of the proposed Trump administration import tax increases on American consumers?

Incoming Trump administration import tax hikes will significantly increase prices for numerous consumer goods, including footwear, toys, and food, according to Peterson Institute research. These price increases stem from proposed tariffs on goods primarily sourced from China and other countries. The largest tax burden will fall on machinery, electronics, and electrical machinery.

abcnews.go.com

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Dec 13, 04:09

Trump Backs Dockworkers Union Against Port Automation

President-elect Trump voiced support for the International Longshoreman's Association (ILA) union against port automation, citing concerns about job losses and arguing that the cost savings do not outweigh the harm to American workers; the ILA's contract with the U.S. Maritime Alliance expires on Ja...

Trump Backs Dockworkers Union Against Port Automation

President-elect Trump voiced support for the International Longshoreman's Association (ILA) union against port automation, citing concerns about job losses and arguing that the cost savings do not outweigh the harm to American workers; the ILA's contract with the U.S. Maritime Alliance expires on Ja...

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What are the immediate implications of President-elect Trump's support for the dockworkers' union in their contract negotiations?

President-elect Trump publicly supported the International Longshoreman's Association (ILA) union before their contract expires on January 15, opposing port automation due to potential job losses. He cited concerns about the distress automation causes American workers, contrasting the minimal cost savings with the significant harm to families. This stance follows a three-day strike in October by 45,000 dockworkers, highlighting the potential for economic disruption.

welt.de

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Dec 13, 16:12

German Exports Plunge: October Marks Steepest Decline of 2023

German exports fell sharply in October, decreasing by 2.8% compared to September and the same compared to October 2022, marking the largest monthly drop this year and driven by significant declines in exports to the US and China, leading to concerns of a structural crisis within the German export se...

German Exports Plunge: October Marks Steepest Decline of 2023

German exports fell sharply in October, decreasing by 2.8% compared to September and the same compared to October 2022, marking the largest monthly drop this year and driven by significant declines in exports to the US and China, leading to concerns of a structural crisis within the German export se...

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What caused the sharp decline in German exports in October, and what are the immediate economic consequences?

Germany's October exports plummeted by 2.8% compared to September, marking the steepest decline this year, to €124.6 billion. This drop follows a 2.8% decrease year-on-year, with US exports falling by 14% to €12.2 billion and Chinese exports down 3.8%. Exports to the EU also decreased by 0.7%.

Showing 937 to 948 of 995 results