Tag #International Trade

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kathimerini.gr

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Feb 14, 13:12

EU Condemns Trump's Tariffs, Vows Decisive Response

The European Commission condemned President Trump's executive order imposing reciprocal tariffs on all countries as a setback for global trade, promising a firm response while highlighting the EU's commitment to a rules-based system and its comparatively low tariffs.

EU Condemns Trump's Tariffs, Vows Decisive Response

The European Commission condemned President Trump's executive order imposing reciprocal tariffs on all countries as a setback for global trade, promising a firm response while highlighting the EU's commitment to a rules-based system and its comparatively low tariffs.

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What is the long-term impact of this trade conflict likely to be on the global economy and the relationship between the EU and the US?

The EU's strong stance suggests future trade tensions between the EU and US are likely. The Commission's emphasis on its extensive trade agreements network implies a strategy of seeking alternative partnerships while simultaneously preparing for potential retaliatory measures against US tariffs. This situation could lead to further economic uncertainty and global trade disruptions.

euronews.com

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Feb 14, 16:10

EU Divided on Response to Trump's Steel and Aluminum Tariffs

President Trump's new trade sanctions on steel and aluminum imports, effective March 12th, have caused division within the EU, with France pushing for immediate retaliation and Germany, Italy and Hungary favoring a more cautious approach. The EU and US traded €1.5 trillion in 2023.

EU Divided on Response to Trump's Steel and Aluminum Tariffs

President Trump's new trade sanctions on steel and aluminum imports, effective March 12th, have caused division within the EU, with France pushing for immediate retaliation and Germany, Italy and Hungary favoring a more cautious approach. The EU and US traded €1.5 trillion in 2023.

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How do differing national interests within the EU affect its response to Trump's tariffs?

The EU's internal divisions mirror broader global trade tensions, with countries balancing economic interests against geopolitical considerations. The differing responses highlight the complexities of retaliatory measures and the challenges of forging a united front against protectionist policies. The EU's previous experience with US tariffs, and its strengthened retaliatory tools, inform the current debate.

dw.com

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Feb 14, 16:10

US-China Trade War Reignites: Retaliatory Tariffs and Economic Fallout

Within a month of President Trump's second term, a new trade war between the US and China began, marked by retaliatory tariffs and threats of economic harm. The US imposed a 10% tariff on all Chinese imports, while China responded with tariffs on various US goods and launched legal investigations ag...

US-China Trade War Reignites: Retaliatory Tariffs and Economic Fallout

Within a month of President Trump's second term, a new trade war between the US and China began, marked by retaliatory tariffs and threats of economic harm. The US imposed a 10% tariff on all Chinese imports, while China responded with tariffs on various US goods and launched legal investigations ag...

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What are the immediate consequences of the new US tariffs on Chinese goods and China's countermeasures?

The US imposed a 10% tariff on all Chinese imports, prompting China to retaliate with tariffs ranging from 10-15% on various US goods, including crude oil, natural gas, and agricultural machinery. Simultaneously, the US implemented a 25% tariff on Chinese steel and aluminum, escalating trade tensions.

theglobeandmail.com

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Feb 13, 01:08

Trump Delays Tariffs, but Service Trade Retaliation Looms

President Trump's delay of tariffs on Canadian imports, prompted by Canada's planned retaliatory tariffs targeting Republican states, may be temporary due to his focus on reducing the US trade deficit and funding tax cuts, but a coordinated response from allies targeting US services trade surpluses ...

Trump Delays Tariffs, but Service Trade Retaliation Looms

President Trump's delay of tariffs on Canadian imports, prompted by Canada's planned retaliatory tariffs targeting Republican states, may be temporary due to his focus on reducing the US trade deficit and funding tax cuts, but a coordinated response from allies targeting US services trade surpluses ...

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What factors influenced President Trump's decision to delay tariffs on Canadian imports, and how significant is this delay?

Canada's retaliatory tariffs, strategically targeting Republican-leaning states, prompted U.S. President Trump to delay planned tariffs on Canadian imports. However, this delay may be temporary, as Trump's belief in the negative impact of trade deficits and his need for tariff revenue remain strong. The US federal debt has increased significantly under his presidency, from US\$19.5 trillion in 2016 to US\$35.5 trillion in 2024.

dw.com

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Feb 12, 01:11

Costa Rica champions multilateralism and sustainable trade amidst global uncertainty

Costa Rican Minister of Commerce Manuel Tovar discussed strengthening trade and investment with the EU, emphasizing multilateralism and sustainable practices; Costa Rica will preside over the 2025 OECD ministerial meeting and the UN Ocean Conference, showcasing its commitment to global cooperation a...

Costa Rica champions multilateralism and sustainable trade amidst global uncertainty

Costa Rican Minister of Commerce Manuel Tovar discussed strengthening trade and investment with the EU, emphasizing multilateralism and sustainable practices; Costa Rica will preside over the 2025 OECD ministerial meeting and the UN Ocean Conference, showcasing its commitment to global cooperation a...

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What specific actions is Costa Rica taking to promote sustainable trade and combat the erosion of multilateralism?

Costa Rica, a small nation, is leading efforts to strengthen multilateralism and international standards, even as these face challenges. Its Minister of Commerce highlights its commitment to sustainable practices, evidenced by its early adoption of EU environmental standards for coffee exports, and its 100% scanning of outgoing goods to combat drug trafficking.

bbc.com

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Feb 12, 04:11

US Reinstates Steel, Aluminum Tariffs, Raising Prices

Starting next month, a 25% tariff on all imported steel and aluminum into the US will end previous exemptions for major trading partners, potentially raising prices for canned goods, beverages, automobiles, and construction materials.

US Reinstates Steel, Aluminum Tariffs, Raising Prices

Starting next month, a 25% tariff on all imported steel and aluminum into the US will end previous exemptions for major trading partners, potentially raising prices for canned goods, beverages, automobiles, and construction materials.

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What are the immediate economic consequences of the reinstated 25% tariff on imported steel and aluminum for US consumers?

A 25% tariff on imported steel and aluminum into the US will eliminate exemptions for Canada, Mexico, Brazil, and the EU, starting in a few weeks. This will increase costs for businesses importing metal, potentially leading to higher prices for consumers due to the widespread use of these metals in various products.

bbc.com

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Feb 14, 16:10

Trump's VAT Tariff Threat: Increased Risk for UK Businesses

President Trump announced that his administration would create "reciprocal tariffs" that would include VAT, potentially impacting UK businesses exporting to the US with tariffs as high as 21% on goods such as cars, pharmaceuticals, and food and drink, raising concerns of a trade war.

Trump's VAT Tariff Threat: Increased Risk for UK Businesses

President Trump announced that his administration would create "reciprocal tariffs" that would include VAT, potentially impacting UK businesses exporting to the US with tariffs as high as 21% on goods such as cars, pharmaceuticals, and food and drink, raising concerns of a trade war.

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What is the immediate impact of President Trump's decision to include VAT in reciprocal tariff calculations on UK businesses exporting to the US?

President Trump's announcement to target VAT in addition to existing tariffs significantly increases the potential impact on UK businesses exporting to the US. Analysts predict tariffs as high as 21%, affecting sectors like cars, pharmaceuticals, and food and drink. This contrasts with earlier assessments suggesting the UK's exposure would be lower.

politico.eu

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Feb 14, 16:10

Trump's VAT Tariff Plan: Economists Raise Concerns

President Trump plans to implement reciprocal tariffs, potentially targeting countries' value-added taxes (VATs) as trade barriers, despite economists' assertions that VATs are neutral in trade, raising concerns about the economic and administrative consequences.

Trump's VAT Tariff Plan: Economists Raise Concerns

President Trump plans to implement reciprocal tariffs, potentially targeting countries' value-added taxes (VATs) as trade barriers, despite economists' assertions that VATs are neutral in trade, raising concerns about the economic and administrative consequences.

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What are the immediate economic consequences of Trump's proposed reciprocal tariff scheme targeting countries with VATs?

President Trump is considering retaliatory tariffs against countries with value-added taxes (VATs), despite economists' arguments that VATs are not trade barriers. This could significantly escalate trade tensions with numerous countries, including major U.S. trading partners.

cbsnews.com

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Feb 13, 22:08

Modi and Trump Meet Amidst US Tariff Concerns

Indian Prime Minister Narendra Modi met with President Trump at the White House on Thursday to discuss trade amidst the backdrop of new US tariffs on steel, aluminum, and goods from countries imposing higher tariffs on US products; India is the United States' 10th largest trading partner, and the US...

Modi and Trump Meet Amidst US Tariff Concerns

Indian Prime Minister Narendra Modi met with President Trump at the White House on Thursday to discuss trade amidst the backdrop of new US tariffs on steel, aluminum, and goods from countries imposing higher tariffs on US products; India is the United States' 10th largest trading partner, and the US...

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What immediate economic consequences will result from the US's new reciprocal tariff policy on India?

President Trump and Indian Prime Minister Narendra Modi met at the White House on Thursday to discuss trade and tariffs, a key concern for India given the Trump administration's reciprocal tariff policy. The meeting follows the implementation of tariffs on steel and aluminum imports and the signing of a measure imposing reciprocal tariffs on countries with higher tariffs on US goods. India is the United States' 10th-largest trading partner, and the US is India's largest trading partner.

theguardian.com

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Feb 12, 07:08

Modi Seeks to Avert Trade War with US During Washington Visit

Indian Prime Minister Narendra Modi is visiting Washington to prevent a trade war with the US, with India considering tariff cuts on at least a dozen sectors to avoid US tariffs amid a slowing economy; the meeting will test the relationship between Modi and Trump, and also cover defense deals, energ...

Modi Seeks to Avert Trade War with US During Washington Visit

Indian Prime Minister Narendra Modi is visiting Washington to prevent a trade war with the US, with India considering tariff cuts on at least a dozen sectors to avoid US tariffs amid a slowing economy; the meeting will test the relationship between Modi and Trump, and also cover defense deals, energ...

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What long-term implications could a trade war between India and the US have on the global economy?

Future trade relations between the US and India depend on resolving tariff disputes and finding a balance between the two countries' economic interests. The outcome will significantly affect India's economic growth and its relationship with a major trading partner. The H-1B visa issue could also impact bilateral relations, reflecting a broader debate about immigration and the tech industry.

nos.nl

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Feb 12, 01:11

EU Vows Retaliation Against U.S. Steel and Aluminum Tariffs

The U.S. imposed a 25% tariff on steel and aluminum imports from the EU, prompting the EU to announce retaliatory measures, significantly impacting the European steel industry, notably Tata Steel, which exports 12% of its production to the U.S.

EU Vows Retaliation Against U.S. Steel and Aluminum Tariffs

The U.S. imposed a 25% tariff on steel and aluminum imports from the EU, prompting the EU to announce retaliatory measures, significantly impacting the European steel industry, notably Tata Steel, which exports 12% of its production to the U.S.

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What are the potential long-term geopolitical ramifications of this trade dispute?

The long-term impact could include restructuring within the European steel industry, increased protectionist measures globally, and further strain on EU-U.S. relations. Alternative markets for EU steel may be difficult to secure due to increased competition from China and India.

theguardian.com

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Feb 12, 04:11

Trump Advisor Accuses Australia of Harming US Aluminium Industry

President Trump's trade advisor accuses Australia of "crushing" the US aluminium industry with imports, prompting the Albanese government to seek tariff exemptions amid claims of a broken agreement by the former Morrison government; the US aluminium industry operates at 50% capacity while Australia'...

Trump Advisor Accuses Australia of Harming US Aluminium Industry

President Trump's trade advisor accuses Australia of "crushing" the US aluminium industry with imports, prompting the Albanese government to seek tariff exemptions amid claims of a broken agreement by the former Morrison government; the US aluminium industry operates at 50% capacity while Australia'...

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What is the nature of the alleged agreement between Australia and the US regarding aluminium exports, and what evidence exists to support or refute this claim?

Navarro's accusations stem from concerns about "widespread tariff circumvention" by several countries, including Australia, Mexico, Canada, South Korea, and Brazil. He alleges Australia is "flooding" the US market with aluminium, despite a previous agreement. The Trump administration claims Australia violated a verbal commitment to limit aluminium exports, a claim disputed by former Australian Prime Minister Malcolm Turnbull.

Showing 517 to 528 of 1,025 results