Tag #International Trade

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dailymail.co.uk

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Jun 11, 13:14

UK Urges Swift Action on US Trade Deal Amidst Tariff Delays

Following a preliminary agreement between Sir Keir Starmer and Donald Trump, the UK government is urgently pursuing a trade deal with the US to reduce tariffs on steel and cars, with meetings between UK and US officials taking place in Downing Street and Paris. Despite the agreement, current tariffs...

UK Urges Swift Action on US Trade Deal Amidst Tariff Delays

Following a preliminary agreement between Sir Keir Starmer and Donald Trump, the UK government is urgently pursuing a trade deal with the US to reduce tariffs on steel and cars, with meetings between UK and US officials taking place in Downing Street and Paris. Despite the agreement, current tariffs...

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What are the immediate consequences of the delay in implementing the US-UK trade deal?

The UK government is actively pursuing a trade deal with the US to reduce tariffs on steel and cars, aiming for implementation this week. Despite a preliminary agreement with the US, current tariffs remain at 25%, causing industry concern about potential layoffs. High-level meetings between UK and US officials continue, emphasizing the urgency of the situation.

foxnews.com

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Jun 11, 07:17

Appeals Court Temporarily Blocks Ruling Against Trump Tariffs

A federal appeals court temporarily halted a lower court's decision to invalidate President Trump's tariffs, setting an expedited review for July 31st. The case challenges the legality of using the International Emergency Economic Powers Act (IEEPA) to impose these tariffs, following a lawsuit from ...

Appeals Court Temporarily Blocks Ruling Against Trump Tariffs

A federal appeals court temporarily halted a lower court's decision to invalidate President Trump's tariffs, setting an expedited review for July 31st. The case challenges the legality of using the International Emergency Economic Powers Act (IEEPA) to impose these tariffs, following a lawsuit from ...

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What are the legal arguments supporting and opposing the use of IEEPA to impose tariffs?

This decision highlights the ongoing legal battle surrounding President Trump's tariffs. The initial ruling against the tariffs by the U.S. Court of International Trade has been temporarily overturned, but the core issue of whether the President overstepped his authority under IEEPA remains. The expedited review suggests the appeals court recognizes the significance of this case.

usa.chinadaily.com.cn

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Jun 10, 07:12

Japan's GDP Contracts Amid US Tariff Uncertainty

Japan's GDP shrank 0.2 percent in Q1 2024, its first contraction in four quarters, due to US tariff uncertainty impacting private investment and exports; upward revisions in consumption and inventories couldn't offset the decline.

Japan's GDP Contracts Amid US Tariff Uncertainty

Japan's GDP shrank 0.2 percent in Q1 2024, its first contraction in four quarters, due to US tariff uncertainty impacting private investment and exports; upward revisions in consumption and inventories couldn't offset the decline.

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What is the immediate impact of the US tariff uncertainty on the Japanese economy?

Japan's GDP unexpectedly contracted by 0.2 percent in Q1 2024, marking its first decline in four quarters. This downturn, initially estimated at -0.7 percent, is primarily attributed to heightened uncertainty surrounding US tariff policies, impacting private investment and exports.

politico.eu

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Jun 9, 07:10

Delayed US-UK Trade Deal Leaves British Businesses Facing Continued Tariffs

A highly anticipated US-UK trade deal, announced on May 8th, promised to slash tariffs on British steel and car exports, but these tariffs remain in place a month later, causing significant financial hardship for British businesses while negotiations continue over implementation details.

Delayed US-UK Trade Deal Leaves British Businesses Facing Continued Tariffs

A highly anticipated US-UK trade deal, announced on May 8th, promised to slash tariffs on British steel and car exports, but these tariffs remain in place a month later, causing significant financial hardship for British businesses while negotiations continue over implementation details.

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What specific issues are causing the delay in the implementation of the trade deal?

The delay stems from ongoing negotiations over the deal's implementation, particularly concerning the removal of China from British supply chains and increased market access for American beef. British officials are pressing for quicker action, while US officials suggest a step-by-step approach.

corriere.it

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Jun 7, 13:13

Indonesia Seeks EU Trade Deal Amidst US Tariff Uncertainty

Indonesia is accelerating negotiations for a free trade agreement with the EU by June, seeking to diversify exports due to US tariffs currently suspended until July, impacting Indonesia with a 32 percent tariff.

Indonesia Seeks EU Trade Deal Amidst US Tariff Uncertainty

Indonesia is accelerating negotiations for a free trade agreement with the EU by June, seeking to diversify exports due to US tariffs currently suspended until July, impacting Indonesia with a 32 percent tariff.

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How do the US tariffs on Indonesian goods, and their suspension, influence the country's trade strategies and global trade dynamics?

The Indonesian government's push for a EU trade deal reflects broader efforts to mitigate the impact of US trade policies. These policies, initiated under the Trump administration, involved reciprocal tariffs on numerous products, impacting countries like Indonesia.

europe.chinadaily.com.cn

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Jun 6, 07:16

Shanghai Expo Showcases China's Green Tech Advancements and Global Ambitions

The Shanghai International Carbon Neutrality Expo, running from June 1 to 7, featured technological breakthroughs from private enterprises, aided the overseas expansion of Chinese green businesses with a special guideline, and highlighted the role of AI in optimizing green supply chains.

Shanghai Expo Showcases China's Green Tech Advancements and Global Ambitions

The Shanghai International Carbon Neutrality Expo, running from June 1 to 7, featured technological breakthroughs from private enterprises, aided the overseas expansion of Chinese green businesses with a special guideline, and highlighted the role of AI in optimizing green supply chains.

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Climate Action

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How is the expo facilitating the outbound expansion of Chinese green businesses, and what are the key challenges and opportunities involved?

The expo's focus on private enterprises and outbound expansion of green businesses underscores China's commitment to carbon neutrality goals and its integration into the global green economy. Initiatives like the release of a special guideline to support overseas expansion and the growing demand for carbon footprint data exemplify this trend. The increasing stringency of carbon regulations in markets like the EU is driving this change.

cnnespanol.cnn.com

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Jun 11, 07:16

Trump Tariffs Temporarily Upheld by Appeals Court

A US federal appeals court temporarily upheld President Trump's broad tariffs, allowing them to remain in effect while legal challenges continue; however, this does not impact tariffs levied under Section 232 of the Trade Expansion Act, which grant the president more authority to target specific sec...

Trump Tariffs Temporarily Upheld by Appeals Court

A US federal appeals court temporarily upheld President Trump's broad tariffs, allowing them to remain in effect while legal challenges continue; however, this does not impact tariffs levied under Section 232 of the Trade Expansion Act, which grant the president more authority to target specific sec...

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What is the immediate impact of the appeals court's decision on President Trump's tariffs?

A US federal appeals court ruled that President Trump's higher tariffs can take effect while legal challenges are resolved. This follows an appeal by the Trump administration of a ruling that the president exceeded his authority. The ruling does not affect tariffs imposed under Section 232 of the Trade Expansion Act.

forbes.com

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Jun 11, 19:14

Appeals Court Temporarily Upholds Trump Tariffs

An appeals court temporarily blocked a lower court ruling that struck down President Trump's 'Liberation Day' tariffs, setting up a July 31 oral argument before potentially going to the Supreme Court; the tariffs remain in place temporarily.

Appeals Court Temporarily Upholds Trump Tariffs

An appeals court temporarily blocked a lower court ruling that struck down President Trump's 'Liberation Day' tariffs, setting up a July 31 oral argument before potentially going to the Supreme Court; the tariffs remain in place temporarily.

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What are the central legal arguments against the legality of President Trump's tariffs under IEEPA?

The core issue is the legality of Trump's tariffs under the International Emergency Economic Powers Act (IEEPA). Plaintiffs argue IEEPA doesn't authorize tariffs, and even if it did, existing trade imbalances don't constitute a national emergency. The initial court ruling striking down the tariffs was appealed, leading to the current temporary reprieve.

npr.org

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Jun 9, 13:14

Trump's Tariffs: Increased Revenue at the Expense of American Consumers

During the first five months of 2024, U.S. tariffs and excise taxes totaled $68.9 billion—a 78% increase from the previous year—primarily due to President Trump's tariffs on various imports, although this revenue comes at the cost of higher prices and economic uncertainty for American businesses and...

Trump's Tariffs: Increased Revenue at the Expense of American Consumers

During the first five months of 2024, U.S. tariffs and excise taxes totaled $68.9 billion—a 78% increase from the previous year—primarily due to President Trump's tariffs on various imports, although this revenue comes at the cost of higher prices and economic uncertainty for American businesses and...

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Reduced Inequality

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What is the immediate economic impact of increased tariffs on American consumers and businesses?

The U.S. government collected $68.9 billion in tariffs and excise taxes during the first five months of 2024, a 78% increase from the same period in 2023. However, this revenue increase comes at the expense of American businesses and consumers who bear the burden of these tariffs, increasing prices for goods and raw materials.

global.chinadaily.com.cn

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Jun 8, 16:12

US-China Trade Tensions: Dialogue or Confrontation?

US-China trade relations are strained due to US tariffs; a recent phone call between Presidents Xi and Trump offers a chance for renewed dialogue, but US actions continue to indicate a zero-sum approach, and only genuine cooperation can resolve this.

US-China Trade Tensions: Dialogue or Confrontation?

US-China trade relations are strained due to US tariffs; a recent phone call between Presidents Xi and Trump offers a chance for renewed dialogue, but US actions continue to indicate a zero-sum approach, and only genuine cooperation can resolve this.

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How do China's rare earth export controls relate to broader trade tensions with the US?

While a Geneva meeting yielded some import restriction relief, subsequent US actions like increased tech export restrictions and visa revocations for Chinese students indicate a continued zero-sum approach. China advocates for healthy trade relations but will resolutely counter harmful US actions.

europe.chinadaily.com.cn

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Jun 6, 16:13

UK and EU Concessions Weaken Global Trading System

The UK and EU's concessions to President Trump's "reciprocal tariffs" weaken the WTO, prioritizing short-term economic gains over the long-term stability of the global trading system; this action risks long-term economic harm and damages their reputations as free trade champions.

UK and EU Concessions Weaken Global Trading System

The UK and EU's concessions to President Trump's "reciprocal tariffs" weaken the WTO, prioritizing short-term economic gains over the long-term stability of the global trading system; this action risks long-term economic harm and damages their reputations as free trade champions.

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Partnerships for the Goals

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How did the UK and EU's responses to Trump's tariffs differ, and what factors influenced their decisions?

Trump's tariffs disregard the WTO's most-favored-nation principle, creating discriminatory trade practices. The UK's early acceptance emboldened Trump, while the EU's eventual concession, despite initial opposition, weakens the global trading order further. This shift from rules-based trade to power dynamics threatens global economic stability.

europe.chinadaily.com.cn

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Jun 6, 07:16

China Speeds Rare Earth Exports Amid US Tariff Hike

China will expedite rare earth export license approvals to address foreign company concerns about production delays, following April's stricter export controls. The US doubled tariffs on steel and aluminum imports, prompting China to condemn this protectionist measure and urge the US to engage in eq...

China Speeds Rare Earth Exports Amid US Tariff Hike

China will expedite rare earth export license approvals to address foreign company concerns about production delays, following April's stricter export controls. The US doubled tariffs on steel and aluminum imports, prompting China to condemn this protectionist measure and urge the US to engage in eq...

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Responsible Consumption and Production

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What are the immediate consequences of China's new policy on rare earth exports and the US's increased tariffs on steel and aluminum?

China's Ministry of Commerce announced it will expedite rare earth export license approvals to address foreign company concerns about production delays. This follows April's implementation of stricter export controls on seven heavy rare earth elements, citing their dual-use nature. The US recently doubled tariffs on steel and aluminum imports, prompting China to condemn this protectionist measure.

Showing 253 to 264 of 1,446 results