Tag #International Trade

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theguardian.com

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Jul 13, 01:10

US-UK Trade: 10% Tariff Likely to Remain

Lord Mandelson stated that the 10% tariff on most UK goods imported into the US is likely permanent, while steel tariffs remain under negotiation. The US also imposed a 30% tariff on EU and Mexican goods, potentially prompting retaliatory measures.

US-UK Trade: 10% Tariff Likely to Remain

Lord Mandelson stated that the 10% tariff on most UK goods imported into the US is likely permanent, while steel tariffs remain under negotiation. The US also imposed a 30% tariff on EU and Mexican goods, potentially prompting retaliatory measures.

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What are the immediate economic consequences of the 10% tariff on UK goods imported into the US?

The US has imposed a 10% tariff on most UK goods, and this is unlikely to change, according to Lord Mandelson. However, there is potential for negotiations in specific sectors like technology. Steel tariffs remain a point of contention, with rates potentially as high as 50%.

lemonde.fr

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Jul 13, 16:10

EU Extends Tariff Suspension Amid US Trade Dispute

The EU extended the suspension of its retaliatory tariffs on US steel and aluminum until early August to allow for ongoing negotiations to prevent a 30% US tariff on all EU products, following a US letter outlining tariffs to take effect unless a negotiated solution is found.

EU Extends Tariff Suspension Amid US Trade Dispute

The EU extended the suspension of its retaliatory tariffs on US steel and aluminum until early August to allow for ongoing negotiations to prevent a 30% US tariff on all EU products, following a US letter outlining tariffs to take effect unless a negotiated solution is found.

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What immediate actions did the EU take regarding the potential 30% US tariff on its products, and what are the direct consequences of this action?

The European Union (EU) has extended the suspension of its retaliatory tariffs on US steel and aluminum until early August, to allow for continued negotiations to avoid a 30% US tariff on all EU products. This decision follows a letter from the US outlining tariffs set to take effect unless a negotiated solution is reached. The EU aims for a negotiated agreement and will use the time until August 1st to pursue this.

elpais.com

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Jul 13, 16:11

EU Extends Tariff Suspension, Seeks Trade Deal Amidst US Threats

The European Commission is extending its suspension of retaliatory tariffs against the US until the end of August to avoid a trade war, while simultaneously pursuing a trade deal with Indonesia and preparing further countermeasures if negotiations fail.

EU Extends Tariff Suspension, Seeks Trade Deal Amidst US Threats

The European Commission is extending its suspension of retaliatory tariffs against the US until the end of August to avoid a trade war, while simultaneously pursuing a trade deal with Indonesia and preparing further countermeasures if negotiations fail.

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How does the EU's pursuit of a trade agreement with Indonesia relate to its broader strategy for managing the trade dispute with the US?

The EU's strategy involves three key components: extending the suspension of retaliatory tariffs; pursuing a comprehensive economic partnership agreement (CEPA) with Indonesia to diversify trade; and preparing additional retaliatory measures (initially valued at €90 billion, now reduced following public consultation) should negotiations fail. This multifaceted approach reflects the EU's commitment to finding a diplomatic solution while maintaining the option of stronger countermeasures.

politico.eu

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Jul 12, 19:14

Trump Threatens 30% EU Tariffs, Prompting EU Retaliation Plans

Donald Trump threatened a 30 percent tariff on EU goods entering the U.S., starting August 1, 2025, prompting the EU to prepare retaliatory measures and convene emergency talks to address potential disruptions to transatlantic supply chains.

Trump Threatens 30% EU Tariffs, Prompting EU Retaliation Plans

Donald Trump threatened a 30 percent tariff on EU goods entering the U.S., starting August 1, 2025, prompting the EU to prepare retaliatory measures and convene emergency talks to address potential disruptions to transatlantic supply chains.

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What are the immediate consequences of Trump's threatened 30 percent tariff on EU products, and how will the EU respond?

Donald Trump threatened to impose a 30 percent tariff on EU products entering the U.S. starting August 1, 2025. The EU responded by stating its readiness to implement proportionate countermeasures to protect its interests, highlighting potential disruptions to transatlantic supply chains. Emergency talks are scheduled among EU ambassadors and trade ministers to determine the bloc's response.

cnnespanol.cnn.com

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Jul 12, 01:12

Trump's Tariffs Poised to Hike Prices for American Consumers

President Trump's new tariffs, potentially reaching the highest average rate in over a century, are expected to significantly increase prices on various goods such as gas, appliances, electronics, clothing, and coffee, though some price increases have been buffered so far by stockpiling.

Trump's Tariffs Poised to Hike Prices for American Consumers

President Trump's new tariffs, potentially reaching the highest average rate in over a century, are expected to significantly increase prices on various goods such as gas, appliances, electronics, clothing, and coffee, though some price increases have been buffered so far by stockpiling.

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Reduced Inequality

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How will the increased tariffs affect the competitiveness of American businesses in the global marketplace?

Higher tariffs on imported goods, particularly from China and other Asian countries, will increase the cost of manufacturing and distribution for American businesses. This cost increase will be partially or fully passed on to consumers, leading to higher prices at retail. This is evidenced by the recent price increases in appliances, already impacted by existing tariffs.

lexpress.fr

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Jul 12, 19:14

US Imposes 30% Tariffs on EU and Mexican Goods

President Trump announced 30% tariffs on EU and Mexican goods starting August 1st, citing drug trafficking concerns with Mexico and trade imbalances with the EU, potentially disrupting transatlantic supply chains and escalating trade tensions.

US Imposes 30% Tariffs on EU and Mexican Goods

President Trump announced 30% tariffs on EU and Mexican goods starting August 1st, citing drug trafficking concerns with Mexico and trade imbalances with the EU, potentially disrupting transatlantic supply chains and escalating trade tensions.

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What are the immediate economic consequences of the US imposing 30% tariffs on EU and Mexican imports?

The United States will impose a 30% tariff on imports from the European Union and Mexico starting August 1st, citing drug trafficking and trade imbalances as justification. This significantly increases existing tariffs, impacting various sectors and potentially disrupting transatlantic supply chains.

zeit.de

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Jul 13, 07:11

Dollar Devaluation Impacts Bavarian Exports to the US

The 12 percent devaluation of the US dollar against the euro since January 2024 is significantly impacting Bavarian industry, particularly exports to the USA, its largest export market at €28.9 billion in 2024; this includes €8.1 billion in automobiles and €5.9 billion in machinery, which together c...

Dollar Devaluation Impacts Bavarian Exports to the US

The 12 percent devaluation of the US dollar against the euro since January 2024 is significantly impacting Bavarian industry, particularly exports to the USA, its largest export market at €28.9 billion in 2024; this includes €8.1 billion in automobiles and €5.9 billion in machinery, which together c...

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How do the high domestic costs in Germany and the decline in Chinese market share interact with the current dollar weakness to affect Bavarian businesses?

The weakening dollar also affects other currencies pegged to it, impacting exports to economies in the Far East. High domestic costs and declining market share in China further exacerbate the situation, particularly as the effects of US President Trump's tariffs are not yet fully felt. The current dollar weakness contradicts initial predictions of a stronger dollar, fueled by concerns over rising US national debt and its impact on long-term financial stability.

telegraaf.nl

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Jul 13, 19:10

EU-US Trade Deal Uncertain Despite Progress

Following weeks of intense negotiations, a preliminary EU-US trade deal is near, averting an immediate 30% tariff increase but leaving a 10% tariff in place with possible exceptions, highlighting President Trump's unpredictable trade policy and prompting the EU to seek alternative trade partnerships...

EU-US Trade Deal Uncertain Despite Progress

Following weeks of intense negotiations, a preliminary EU-US trade deal is near, averting an immediate 30% tariff increase but leaving a 10% tariff in place with possible exceptions, highlighting President Trump's unpredictable trade policy and prompting the EU to seek alternative trade partnerships...

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What are the immediate implications of the potential EU-US trade deal, and how does it affect global trade dynamics?

On July 27, 2024, a preliminary trade agreement between the EU and the US seemed close, but concerns remain about potential further tariffs. A 10% import tax remains, with exceptions possible for certain goods. However, President Trump's unpredictability casts doubt on the deal's finalization.

fr.euronews.com

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Jul 13, 19:10

Trump Imposes 30% Tariff on EU Products; EU Seeks Negotiation

Following Donald Trump's announcement of a 30% tariff on EU products imported to the US, starting August 1st, EU Commission President Ursula von der Leyen extended the suspension of retaliatory measures on US steel and aluminum to prioritize negotiations, while European leaders expressed unified sup...

Trump Imposes 30% Tariff on EU Products; EU Seeks Negotiation

Following Donald Trump's announcement of a 30% tariff on EU products imported to the US, starting August 1st, EU Commission President Ursula von der Leyen extended the suspension of retaliatory measures on US steel and aluminum to prioritize negotiations, while European leaders expressed unified sup...

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How are European leaders responding to Trump's tariffs, and what are their stated goals?

The EU's unified response highlights its commitment to a negotiated solution, despite Trump's tariffs. Statements from European leaders like Macron and Costa underscore the bloc's determination to protect its interests while seeking an equitable agreement. The decision to extend the suspension of retaliatory measures indicates a strategic choice to prioritize diplomacy.

elmundo.es

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Jul 12, 19:14

EU Reaffirms Commitment to Trade Talks with U.S. Amid Tariff Threats

EU President Ursula von der Leyen responded to President Trump's threat of 30% tariffs on EU imports, starting August 1st, by reiterating the EU's commitment to negotiate a fair trade deal while reserving the right to impose retaliatory tariffs of \$121 billion if necessary. Spain's President Pedro ...

EU Reaffirms Commitment to Trade Talks with U.S. Amid Tariff Threats

EU President Ursula von der Leyen responded to President Trump's threat of 30% tariffs on EU imports, starting August 1st, by reiterating the EU's commitment to negotiate a fair trade deal while reserving the right to impose retaliatory tariffs of \$121 billion if necessary. Spain's President Pedro ...

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What is the immediate impact of President Trump's threatened tariffs on EU imports?

The European Commission, led by Ursula von der Leyen, maintains its willingness to negotiate a fair trade agreement with the U.S., despite President Trump's threat of 30% tariffs on EU imports starting August 1st. Von der Leyen warned that these tariffs would disrupt transatlantic supply chains, harming businesses and consumers on both sides. The EU has a prepared response involving \$21 billion and \$100 billion in potential retaliatory tariffs, but has suspended them to pursue a negotiated solution.

zeit.de

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Jul 12, 16:12

US Imposes 30% Tariff on EU and Mexican Goods

President Trump announced on Truth Social a 30 percent import tariff on EU and Mexican goods starting August 1st, citing the need to address trade deficits, and threatening further escalation if retaliatory tariffs are imposed; the EU warned of significant supply chain disruptions and vowed to prote...

US Imposes 30% Tariff on EU and Mexican Goods

President Trump announced on Truth Social a 30 percent import tariff on EU and Mexican goods starting August 1st, citing the need to address trade deficits, and threatening further escalation if retaliatory tariffs are imposed; the EU warned of significant supply chain disruptions and vowed to prote...

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How does the US's stated aim of resolving trade deficits justify the imposition of these tariffs?

This action escalates the ongoing trade dispute between the US and the EU, potentially disrupting transatlantic supply chains and triggering retaliatory measures from the EU. Trump's justification centers on correcting years of trade deficits, while the EU expresses readiness to negotiate but will protect its interests. The 30% tariff is in addition to previously announced tariffs on other countries, including a 50% tariff on copper.

corriere.it

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Jul 12, 19:14

US Imposes 30% Tariff on EU Goods

The United States will impose a 30% tariff on European Union goods starting August 1, 2025, to address a significant trade deficit, citing unfair EU trade practices; however, this tariff could be adjusted based on future EU-US relations.

US Imposes 30% Tariff on EU Goods

The United States will impose a 30% tariff on European Union goods starting August 1, 2025, to address a significant trade deficit, citing unfair EU trade practices; however, this tariff could be adjusted based on future EU-US relations.

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How do the US claims of unfair EU trade practices justify the new tariff?

The US claims the 30% tariff is far less than needed to fully offset the trade imbalance, citing long-term, persistent deficits caused by EU tariffs, non-tariff barriers, and trade policies deemed non-reciprocal. The US offers expedited approvals for EU companies building or producing in the US to avoid tariffs.

Showing 217 to 228 of 1,488 results