Tag #International Trade

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politico.eu

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May 2, 07:16

France Pushes EU for New Fees on Small Chinese Imports

France is urging the European Union to impose new handling fees on small packages from China, worth less than €150, to protect European markets from cheaper imports, particularly from fast fashion and e-commerce companies like Shein and Temu, aiming for implementation by 2026.

France Pushes EU for New Fees on Small Chinese Imports

France is urging the European Union to impose new handling fees on small packages from China, worth less than €150, to protect European markets from cheaper imports, particularly from fast fashion and e-commerce companies like Shein and Temu, aiming for implementation by 2026.

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Responsible Consumption and Production

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What is the immediate impact of France's proposal for new handling fees on small parcels imported from China?

France is pushing the EU to impose new handling fees on small parcels imported from China, targeting e-commerce and fast fashion companies. This aims to counteract the influx of cheaper goods and level the playing field for European businesses. The proposed fees would apply to parcels under €150, currently exempt from EU customs duties, and could take effect as early as 2026.

edition.cnn.com

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May 1, 19:18

Korean Air Faces $100M Trade War Hit, Plans US Route Expansion

Korean Air CEO Walter Cho reports a 5% decline in trans-Pacific and European passenger volume due to the US-China trade war, potentially costing the airline $50–$100 million annually; however, the airline plans to maintain US routes and upgrade services despite the challenges.

Korean Air Faces $100M Trade War Hit, Plans US Route Expansion

Korean Air CEO Walter Cho reports a 5% decline in trans-Pacific and European passenger volume due to the US-China trade war, potentially costing the airline $50–$100 million annually; however, the airline plans to maintain US routes and upgrade services despite the challenges.

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Decent Work and Economic Growth

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How does the trade war affect Korean Air's cargo operations, and what alternative strategies is the company exploring to mitigate potential losses?

The trade war's impact on air travel is multifaceted. Korean Air's revenue decline reflects broader economic consequences, as decreased consumer spending affects international travel. The airline's strategic response, maintaining US routes and upgrading services, suggests a belief in long-term market resilience.

nos.nl

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May 1, 10:10

Trump Tariffs to Significantly Reduce Dutch Economic Growth

The Central Planning Bureau (CPB) predicts that President Trump's potential 20 percent import tariffs on EU goods will reduce the Netherlands' economic growth to 1.5 percent in 2024 and 0.9 percent in 2026, down from projected 1.9 percent and 1.5 percent respectively, due to decreased exports and bu...

Trump Tariffs to Significantly Reduce Dutch Economic Growth

The Central Planning Bureau (CPB) predicts that President Trump's potential 20 percent import tariffs on EU goods will reduce the Netherlands' economic growth to 1.5 percent in 2024 and 0.9 percent in 2026, down from projected 1.9 percent and 1.5 percent respectively, due to decreased exports and bu...

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Decent Work and Economic Growth

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What is the immediate impact of potential US import tariffs on the Netherlands' economic growth, and what specific evidence supports this?

If President Trump imposes import tariffs, the Netherlands' economic growth will be significantly lower this year and next, according to the Central Planning Bureau (CPB). The CPB forecasts growth of 1.5 percent instead of 1.9 percent for 2024 and 0.9 percent instead of 1.5 percent for 2026. This is due to a 20 percent tariff on EU goods exported to the US, impacting Dutch exports.

nbcnews.com

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Apr 30, 22:13

Senate to Vote on Resolution to Repeal Trump's Global Tariffs

The Senate is scheduled to vote on a resolution to nullify President Trump's recent imposition of sweeping tariffs on numerous countries; the resolution's passage is uncertain due to anticipated House inaction and a potential presidential veto, despite some Republican senators expressing discontent ...

Senate to Vote on Resolution to Repeal Trump's Global Tariffs

The Senate is scheduled to vote on a resolution to nullify President Trump's recent imposition of sweeping tariffs on numerous countries; the resolution's passage is uncertain due to anticipated House inaction and a potential presidential veto, despite some Republican senators expressing discontent ...

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Decent Work and Economic Growth

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What is the immediate impact of the Senate's vote on President Trump's global tariffs?

The Senate will vote on a resolution to overturn President Trump's sweeping tariffs imposed on most countries. The resolution, if passed by a simple majority in the Senate, faces an uncertain future in the House and a likely veto from the President. Four Republican senators supported a similar, more limited resolution in April.

foxnews.com

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Apr 30, 04:15

Trump's Tariff Policies: Initial Goals, Subsequent Adjustments, and Future Implications

President Trump implemented tariffs on imported goods from China, Mexico, and Canada to address the trade deficit and boost U.S. manufacturing; however, many of these tariffs were later modified or suspended due to negotiations and industry feedback, ultimately leading to a more flexible trade polic...

Trump's Tariff Policies: Initial Goals, Subsequent Adjustments, and Future Implications

President Trump implemented tariffs on imported goods from China, Mexico, and Canada to address the trade deficit and boost U.S. manufacturing; however, many of these tariffs were later modified or suspended due to negotiations and industry feedback, ultimately leading to a more flexible trade polic...

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Decent Work and Economic Growth

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What factors led to the adjustments and pauses in Trump's tariff policies, and what were the outcomes of these changes?

The frequent changes in Trump's tariff policies reflect a strategic approach of using tariffs as leverage in trade negotiations. While some tariffs remained, others were adjusted based on agreements reached with other countries, demonstrating a flexible trade policy.

dw.com

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Apr 29, 10:18

Carney's Liberals Win Canadian Election Amid Trump Tensions

In Canada's snap election, Prime Minister Mark Carney's Liberal Party won, securing 161 seats, defeating Pierre Poilievre's Conservatives (150 projected seats) amid rising concerns about US President Trump's threats to Canadian sovereignty and trade, though falling short of a majority.

Carney's Liberals Win Canadian Election Amid Trump Tensions

In Canada's snap election, Prime Minister Mark Carney's Liberal Party won, securing 161 seats, defeating Pierre Poilievre's Conservatives (150 projected seats) amid rising concerns about US President Trump's threats to Canadian sovereignty and trade, though falling short of a majority.

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Peace, Justice, and Strong Institutions

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What was the outcome of the Canadian federal election, and what are its immediate implications for Canada-US relations?

Mark Carney's Liberal Party won Canada's federal election, securing 161 electoral seats, while the Conservatives gained over 20 seats but fell short of a majority. Pierre Poilievre conceded defeat, but didn't announce his resignation. The election results indicate a shift in voter sentiment due to external factors, like US trade policies.

forbes.com

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May 1, 22:14

Modified Auto Tariffs: Billions in Costs Remain for Industry and Consumers

Despite a purported reprieve, the auto industry faces billions in tariffs and higher consumer prices due to President Trump's modified import tariff policy; a 25% tariff on imported vehicles remains, although an offset mechanism is available for U.S.-assembled vehicles meeting specific content requi...

Modified Auto Tariffs: Billions in Costs Remain for Industry and Consumers

Despite a purported reprieve, the auto industry faces billions in tariffs and higher consumer prices due to President Trump's modified import tariff policy; a 25% tariff on imported vehicles remains, although an offset mechanism is available for U.S.-assembled vehicles meeting specific content requi...

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Decent Work and Economic Growth

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What are the immediate financial consequences for the auto industry and consumers resulting from the modified import tariffs?

President Trump's recent actions, while presented as a reprieve from auto import tariffs, will still cost the auto industry billions and likely increase consumer prices. GM, for example, expects a $4-5 billion impact, revising its 2025 financial guidance downward by $8.2 billion. This includes $2 billion from Korean vehicle imports alone.

aljazeera.com

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May 1, 01:16

Global Automakers Halt Financial Guidance Amid US Tariff Uncertainty

Facing US tariff uncertainty, major automakers like Stellantis, Mercedes-Benz, and Volkswagen suspended their financial guidance, reporting significant sales and profit drops in Q1 2024, highlighting the substantial impact of trade policies on the global automotive industry.

Global Automakers Halt Financial Guidance Amid US Tariff Uncertainty

Facing US tariff uncertainty, major automakers like Stellantis, Mercedes-Benz, and Volkswagen suspended their financial guidance, reporting significant sales and profit drops in Q1 2024, highlighting the substantial impact of trade policies on the global automotive industry.

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What is the immediate impact of the fluctuating US tariffs on major global automakers' financial reporting and short-term outlook?

Several major automakers, including Stellantis, Mercedes-Benz, and Volkswagen, have suspended their annual financial guidance due to uncertainty surrounding US tariffs. Stellantis's first-quarter sales dropped 14 percent to $40.7 billion, while Mercedes-Benz and Volkswagen saw net profit plunges of 43 percent and 40.6 percent, respectively. These actions highlight the significant impact of tariff uncertainty on the automotive industry.

nbcnews.com

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Apr 30, 22:13

Trump Tariffs Create Uncertainty for Auto Part Suppliers

President Trump's fluctuating tariffs on auto parts, steel and aluminum imports created uncertainty for Lanex Manufacturing in Windsor, Ontario, whose striker plates cross the US-Canada border four times before installation in American vehicles, impacting costs and jobs across the industry.

Trump Tariffs Create Uncertainty for Auto Part Suppliers

President Trump's fluctuating tariffs on auto parts, steel and aluminum imports created uncertainty for Lanex Manufacturing in Windsor, Ontario, whose striker plates cross the US-Canada border four times before installation in American vehicles, impacting costs and jobs across the industry.

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Decent Work and Economic Growth

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How did the complex cross-border supply chain of a component like Lanex's striker plate contribute to the uncertainty created by the tariffs?

The Trump administration's trade policies, while aiming to reshore auto manufacturing, created challenges for cross-border supply chains. Lanex Manufacturing's experience highlights the complexity of disentangling deeply integrated production processes, impacting costs and jobs across the industry.

lexpress.fr

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Apr 30, 10:11

Amazon Reverses Plan to Display Import Costs After Trump Intervention

Faced with White House pressure, Amazon abandoned a plan to display import costs on some products, a move that followed President Trump's direct call to Amazon CEO Jeff Bezos. The White House deemed this a political act, referencing a past partnership between Amazon and Chinese authorities.

Amazon Reverses Plan to Display Import Costs After Trump Intervention

Faced with White House pressure, Amazon abandoned a plan to display import costs on some products, a move that followed President Trump's direct call to Amazon CEO Jeff Bezos. The White House deemed this a political act, referencing a past partnership between Amazon and Chinese authorities.

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Reduced Inequality

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What was the immediate impact of Amazon's initial consideration of displaying import costs on products, and how did the White House respond?

Amazon initially considered displaying import costs on some US online products, a move seen as opposition to Donald Trump's tariffs. However, Amazon confirmed on April 29th that this plan was never approved and will not be implemented, following pressure from the White House and President Trump himself.

theguardian.com

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Apr 30, 04:15

Trump to Discuss Trade with Australian PM Amidst Tariff Dispute

Donald Trump plans to discuss trade with Australian Prime Minister Anthony Albanese, addressing ongoing concerns about US tariffs on Australian goods, including a 10% baseline tariff with higher rates on specific items like steel and aluminum, amidst Australia's federal election.

Trump to Discuss Trade with Australian PM Amidst Tariff Dispute

Donald Trump plans to discuss trade with Australian Prime Minister Anthony Albanese, addressing ongoing concerns about US tariffs on Australian goods, including a 10% baseline tariff with higher rates on specific items like steel and aluminum, amidst Australia's federal election.

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What is the immediate impact of Donald Trump's statement regarding a future discussion on trade with the Australian Prime Minister?

Donald Trump stated he would speak with Australian Prime Minister Anthony Albanese about trade, confirming Australian government attempts to contact him. The conversation's timing remains unspecified, occurring potentially after Australia's federal election on Saturday. This follows criticism of Albanese for not personally contacting Trump to address US tariffs on Australian goods.

theglobeandmail.com

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Apr 29, 10:18

Carney Wins Canadian Election Amidst Trade War Uncertainty

In Canada's 2025 election, former central banker Mark Carney led the Liberals to victory, securing a minority government despite facing a strong challenge from Conservative leader Pierre Poilievre; this outcome is largely attributed to Carney's campaign focus on managing the economic fallout from US...

Carney Wins Canadian Election Amidst Trade War Uncertainty

In Canada's 2025 election, former central banker Mark Carney led the Liberals to victory, securing a minority government despite facing a strong challenge from Conservative leader Pierre Poilievre; this outcome is largely attributed to Carney's campaign focus on managing the economic fallout from US...

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Decent Work and Economic Growth

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What is the primary significance of Mark Carney's election victory, considering the context of US trade tensions and domestic economic challenges?

Mark Carney, a former central banker, won the Canadian election, securing a Liberal majority despite facing challenges from Conservative leader Pierre Poilievre. His campaign focused on managing the economic fallout from US trade wars, a strategy that resonated with voters despite his perceived unrelatable persona. Poilievre's focus on cost of living issues gained traction late in the campaign, but ultimately proved insufficient.

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