Tag #International Trade

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french.china.org.cn

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May 4, 10:09

California Governor Defends Trade with China Amidst US Tariff Disputes

California Governor Gavin Newsom publicly declared California's continued commitment to trade with China, despite the current US administration's tariffs causing billions of dollars in economic damage to California; he cited California's strong economic ties with Asia and the state's legal challenge...

California Governor Defends Trade with China Amidst US Tariff Disputes

California Governor Gavin Newsom publicly declared California's continued commitment to trade with China, despite the current US administration's tariffs causing billions of dollars in economic damage to California; he cited California's strong economic ties with Asia and the state's legal challenge...

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What are the immediate economic consequences for California resulting from the current US administration's trade policies with China?

California Governor Gavin Newsom affirmed the state's commitment to trade with China, highlighting its significant economic partnership and expressing concern over the current US administration's tariff policies. He emphasized California's substantial trade with Asia, particularly the integration of Silicon Valley tech companies into regional supply chains and markets, and stated that the state has signed numerous agreements with Chinese provinces and municipalities.

politico.eu

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May 3, 19:16

UK-India Trade Talks Conclude Without Agreement

Following three years of negotiations, talks between the U.K. and India concluded in London without a finalized trade deal due to unresolved issues, mainly concerning carbon border taxes and their implications for WTO rules.

UK-India Trade Talks Conclude Without Agreement

Following three years of negotiations, talks between the U.K. and India concluded in London without a finalized trade deal due to unresolved issues, mainly concerning carbon border taxes and their implications for WTO rules.

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What specific issues prevented the U.K. and India from finalizing their trade deal, and what are the immediate economic consequences for both nations?

The U.K. and India concluded trade talks in London without a final agreement, despite recent intensive negotiations. While progress was made, disagreements remain on a few key issues, according to sources briefed on the talks. Further negotiations are expected.

corriere.it

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May 2, 13:18

US GDP Slowdown: A Real Economic Contraction

The US GDP fell by 0.3% in Q1 2024 compared to the previous quarter, representing an actual economic slowdown despite accounting interpretations, potentially due to decreased growth following a strong 2023 and political uncertainty; the Eurozone experienced 0.4% growth.

US GDP Slowdown: A Real Economic Contraction

The US GDP fell by 0.3% in Q1 2024 compared to the previous quarter, representing an actual economic slowdown despite accounting interpretations, potentially due to decreased growth following a strong 2023 and political uncertainty; the Eurozone experienced 0.4% growth.

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How does the increase in US imports to preempt tariffs affect the GDP calculation, and what other factors offset this effect?

The apparent discrepancy between the GDP drop and increased imports is explained by the accounting of inventories. While increased imports lower the GDP calculation, the simultaneous rise in investment (in the form of increased inventories) offsets this effect. This highlights the importance of considering all components of the GDP equation.

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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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.

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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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.

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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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.

bbc.com

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May 3, 10:12

US Car Part Tariffs: Immediate Impact and Uncertain Future

A 25% US import tax on car parts has taken effect, increasing costs for businesses and potentially consumers, although sales remain robust. The tax aims to boost domestic manufacturing, but its long-term effects remain uncertain, amid ongoing trade negotiations and policy adjustments.

US Car Part Tariffs: Immediate Impact and Uncertain Future

A 25% US import tax on car parts has taken effect, increasing costs for businesses and potentially consumers, although sales remain robust. The tax aims to boost domestic manufacturing, but its long-term effects remain uncertain, amid ongoing trade negotiations and policy adjustments.

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What are the immediate economic consequences of the 25% US import tax on car parts, and how will this impact consumers?

The US imposed a 25% import tax on car parts, impacting the auto industry significantly. This follows an earlier 25% tax on imported cars, leading to higher costs for businesses and consumers, although initial sales remain strong. General Motors anticipates $5 billion in added costs this year due to these tariffs.

dailymail.co.uk

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May 2, 16:14

S\&P Cuts Global Growth Forecast Due to US Tariffs

S\&P Global Ratings slashed global growth forecasts by 0.3 percentage points for 2025 and 2026 due to US trade tariffs, projecting a 0.5 percentage point decrease in US growth to 1.5 percent in 2025, while the UK is expected to have a higher growth than initially anticipated in 2025 (0.9 percent).

S\&P Cuts Global Growth Forecast Due to US Tariffs

S\&P Global Ratings slashed global growth forecasts by 0.3 percentage points for 2025 and 2026 due to US trade tariffs, projecting a 0.5 percentage point decrease in US growth to 1.5 percent in 2025, while the UK is expected to have a higher growth than initially anticipated in 2025 (0.9 percent).

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What are the potential long-term implications of the current US trade policy shift on the global economic landscape, and what uncertainties remain?

The long-term consequences of the US trade policy shift remain uncertain, according to S\&P. Further downward revisions to growth forecasts are possible, depending on the extent of the spillover effects from the tariff shock to the real economy. The report underscores the interconnectedness of global markets and the potential for significant disruptions stemming from protectionist trade measures.

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.

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.

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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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.

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.

Showing 481 to 492 of 1,448 results