Tag #International Trade

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theguardian.com

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Feb 10, 10:08

Trump's Steel Tariffs: Minimal Impact on Australia, but Questions Remain

President Trump's unexpected announcement of a 25% tariff on all steel and aluminum imports into the US, despite Australia's $800 million in steel and aluminum exports to the US in 2023, caused a minimal 0.5% drop in the Australian share market, quickly recovering, highlighting the limitations of th...

Trump's Steel Tariffs: Minimal Impact on Australia, but Questions Remain

President Trump's unexpected announcement of a 25% tariff on all steel and aluminum imports into the US, despite Australia's $800 million in steel and aluminum exports to the US in 2023, caused a minimal 0.5% drop in the Australian share market, quickly recovering, highlighting the limitations of th...

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What immediate economic consequences resulted from Trump's tariff announcement, and how significant were these impacts?

President Trump's surprise announcement of a 25% tariff on steel and aluminum imports caused a minor, temporary dip in the Australian share market, approximately 0.5%, quickly recovering afterward. This action seemingly contradicts the previously lauded USAFTA, raising questions about the reliability of long-term trade agreements.

theglobeandmail.com

🌐 85% Global Worthiness

Feb 10, 16:11

Canada Responds to Trump's Tariff Threats

Facing economic threats from Donald Trump's tariffs, Canada has responded by appointing a fentanyl czar and considering bolstering border security; however, some critics view these moves as acts of submission rather than strategic negotiation, highlighting a complex power dynamic in the Canada-U.S. ...

Canada Responds to Trump's Tariff Threats

Facing economic threats from Donald Trump's tariffs, Canada has responded by appointing a fentanyl czar and considering bolstering border security; however, some critics view these moves as acts of submission rather than strategic negotiation, highlighting a complex power dynamic in the Canada-U.S. ...

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Reduced Inequality

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What immediate actions has Canada taken in response to Donald Trump's tariff threats, and what are the short-term implications?

Donald Trump's tariff threats have prompted Canada to take actions such as appointing a fentanyl czar and considering strengthening border security, seemingly in response to pressure. These actions, however, are viewed by some as capitulation rather than strategic negotiation.

it.euronews.com

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Feb 10, 22:07

EU Weighs Tech Retaliation Against Trump's Tariffs

Donald Trump's planned tariffs on EU exports, potentially impacting €190 billion, could trigger an EU response targeting US tech companies' dominance in the European digital market, utilizing the new Anti-Coercion Instrument (ACI) instead of direct goods tariffs.

EU Weighs Tech Retaliation Against Trump's Tariffs

Donald Trump's planned tariffs on EU exports, potentially impacting €190 billion, could trigger an EU response targeting US tech companies' dominance in the European digital market, utilizing the new Anti-Coercion Instrument (ACI) instead of direct goods tariffs.

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Reduced Inequality

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What is the EU's potential response to Trump's proposed tariffs on European goods, and what are the immediate economic implications?

Donald Trump's plan to impose new tariffs on the European Union could provoke an unexpected retaliation: instead of taxing American goods, the EU might target the dominance of US tech companies in the European digital economy. This could involve limiting American digital services, impacting billions in revenue from European markets. Goldman Sachs estimates that Trump's tariffs could impact €190 billion in EU exports to the US.

theglobeandmail.com

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Feb 8, 13:08

US Tariff Threat Imperils Southwestern Ontario Auto Sector

Facing a threatened 25% US tariff on auto parts, Southwestern Ontario's auto sector braced for a potential industry shutdown and mass layoffs, highlighting the sector's deep integration with the US market and the challenges of diversification.

US Tariff Threat Imperils Southwestern Ontario Auto Sector

Facing a threatened 25% US tariff on auto parts, Southwestern Ontario's auto sector braced for a potential industry shutdown and mass layoffs, highlighting the sector's deep integration with the US market and the challenges of diversification.

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What immediate impact did President Trump's threatened tariffs have on the Southwestern Ontario auto parts sector, and what are the most significant short-term consequences?

The threatened 25% US tariff on Canadian auto parts caused widespread concern in Southwestern Ontario, with industry leaders fearing near-total shutdown and mass layoffs. A one-month tariff delay offered temporary reprieve, but the long-term uncertainty persists, hindering investment and potentially forcing some companies to relocate to the US.

cnbc.com

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Feb 7, 04:11

Global Rate Cuts Contrast with Strong Dollar, Impacting U.S. Companies

The Bank of England cut interest rates by 0.25% on Thursday, contrasting with the uncertain U.S. monetary policy; Amazon's revenue was negatively impacted by a strong dollar, while European markets hit record highs.

Global Rate Cuts Contrast with Strong Dollar, Impacting U.S. Companies

The Bank of England cut interest rates by 0.25% on Thursday, contrasting with the uncertain U.S. monetary policy; Amazon's revenue was negatively impacted by a strong dollar, while European markets hit record highs.

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How is the strength of the U.S. dollar impacting global companies and markets?

Global economies are moving towards lower interest rates to stimulate growth, except for the U.S. where the economic impact of President Trump's policies remains unclear. This divergence is influencing currency markets, impacting companies like Amazon, which saw a 4% share drop due to a strong dollar and slower-than-expected revenue growth.

forbes.com

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Feb 7, 13:11

Record U.S. Trade Deficit Reaches $1.2 Trillion in 2024

The 2024 U.S. trade deficit hit a record $1.2 trillion, driven by large deficits with China, Mexico, Vietnam, and Ireland, despite tariffs and relatively balanced overall trade (39% exports).

Record U.S. Trade Deficit Reaches $1.2 Trillion in 2024

The 2024 U.S. trade deficit hit a record $1.2 trillion, driven by large deficits with China, Mexico, Vietnam, and Ireland, despite tariffs and relatively balanced overall trade (39% exports).

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How have shifts in global manufacturing and supply chains affected the composition of the U.S. trade deficit since 2016?

While the U.S. has trade surpluses with 132 nations, deficits with 101, including significant ones with China, Mexico, Vietnam, and Ireland, are driving the overall deficit. This imbalance, despite relatively balanced overall trade (39% exports), indicates structural issues.

dw.com

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Feb 10, 13:08

Trump Imposes Tariffs on Steel and Aluminum Imports

President Trump's administration will impose 25% tariffs on steel and aluminum imports from all countries, including key trading partners Canada and Mexico, starting potentially this week to protect domestic industries, potentially igniting global trade disputes.

Trump Imposes Tariffs on Steel and Aluminum Imports

President Trump's administration will impose 25% tariffs on steel and aluminum imports from all countries, including key trading partners Canada and Mexico, starting potentially this week to protect domestic industries, potentially igniting global trade disputes.

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What are the immediate economic impacts of the planned 25% tariffs on steel and aluminum imports from all countries?

President Trump's administration plans to impose 25% tariffs on steel and aluminum imports from all countries, including Canada and Mexico, potentially starting this week. This move is intended to protect domestic steel and aluminum production. Canada, supplying 79% of US aluminum imports, and Mexico, a major source of aluminum scrap and alloys, will be significantly affected.

welt.de

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Feb 10, 19:08

Trump Imposes Steel and Aluminum Tariffs, EU Threatens Retaliation

US President Donald Trump imposed 25% tariffs on steel and aluminum imports, prompting retaliatory threats from the EU and concern from Germany, despite Thyssenkrupp, Germany's largest steel producer, anticipating minimal impact due to its low US export volume.

Trump Imposes Steel and Aluminum Tariffs, EU Threatens Retaliation

US President Donald Trump imposed 25% tariffs on steel and aluminum imports, prompting retaliatory threats from the EU and concern from Germany, despite Thyssenkrupp, Germany's largest steel producer, anticipating minimal impact due to its low US export volume.

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What are the immediate economic consequences of President Trump's decision to impose steel and aluminum tariffs?

US President Donald Trump announced 25 percent tariffs on steel and aluminum imports. France and the EU have threatened retaliatory tariffs, while Germany expressed concern but also the possibility of compromise. Thyssenkrupp, Germany's largest steel producer, anticipates minimal impact due to its limited US exports.

dailymail.co.uk

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Feb 9, 01:06

UK Retailers Demand End to Shein Customs Loophole

The UK government faces pressure from major retailers to close a customs loophole benefiting Shein, a Chinese-made fashion group, allowing it to avoid import duties on parcels below £135, causing unfair competition for struggling British businesses.

UK Retailers Demand End to Shein Customs Loophole

The UK government faces pressure from major retailers to close a customs loophole benefiting Shein, a Chinese-made fashion group, allowing it to avoid import duties on parcels below £135, causing unfair competition for struggling British businesses.

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What are the immediate economic consequences of the customs tax loophole benefiting Shein, and how is it impacting British retailers?

British retailers are demanding an end to a customs tax loophole benefiting Shein, a Singapore-based online fashion group, which allows it to avoid import duties on parcels sent directly to UK consumers. This is causing significant distress to British retailers already struggling with increased taxes and economic hardship. The government's prioritization of Shein's London listing is fueling this anger.

dailymail.co.uk

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Feb 7, 13:10

Panama Ends China Infrastructure Deal Amid US Pressure

Panama ended a key infrastructure agreement with China after the US warned of retaliation, triggering Chinese accusations of coercion and highlighting the growing US-China competition for global influence.

Panama Ends China Infrastructure Deal Amid US Pressure

Panama ended a key infrastructure agreement with China after the US warned of retaliation, triggering Chinese accusations of coercion and highlighting the growing US-China competition for global influence.

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Partnerships for the Goals

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How might this event influence the global dynamics of infrastructure development and the competition between China and the US in the future?

The incident may foreshadow increased competition between the US and China over key infrastructure globally. Panama's decision could embolden other countries to reconsider their involvement in Chinese infrastructure projects, especially if faced with similar pressure from the US. This competition could lead to geopolitical instability and economic realignment.

lemonde.fr

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Feb 7, 13:10

China Condemns US Actions Regarding Panama Canal and Belt and Road Initiative

China criticized the US's "Cold War mentality" after Secretary of State Marco Rubio threatened Panama to curb Chinese influence over the Panama Canal, leading to Panama's withdrawal from China's Belt and Road Initiative and a formal protest from China.

China Condemns US Actions Regarding Panama Canal and Belt and Road Initiative

China criticized the US's "Cold War mentality" after Secretary of State Marco Rubio threatened Panama to curb Chinese influence over the Panama Canal, leading to Panama's withdrawal from China's Belt and Road Initiative and a formal protest from China.

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Peace, Justice, and Strong Institutions

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What is the immediate impact of the US's stance on the Panama Canal and China's Belt and Road Initiative?

On February 7th, China condemned the US's "Cold War mentality" regarding Latin America, specifically criticizing Secretary of State Marco Rubio's threats against Panama unless it reduced Chinese influence on the Panama Canal. China protested these accusations as unfounded and deliberately divisive.

theglobeandmail.com

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Feb 7, 16:12

Panama Cancels China Infrastructure Deal Amidst U.S. Pressure

Panama declined to renew a key infrastructure agreement with China after the U.S. warned of retaliation, prompting China to accuse the U.S. of coercion; this impacts the Belt and Road Initiative and U.S.-China relations.

Panama Cancels China Infrastructure Deal Amidst U.S. Pressure

Panama declined to renew a key infrastructure agreement with China after the U.S. warned of retaliation, prompting China to accuse the U.S. of coercion; this impacts the Belt and Road Initiative and U.S.-China relations.

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Industry, Innovation, and Infrastructure

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What are the underlying causes of the U.S.'s pressure on Panama regarding Chinese influence over the Panama Canal?

The incident highlights growing geopolitical tensions between the U.S. and China, with Panama caught in the middle. The U.S. exerted pressure on Panama regarding Chinese influence over the Panama Canal, which is crucial for global trade. China's Belt and Road Initiative, while bringing infrastructure development to many countries, also raises concerns about debt and environmental issues.

Showing 757 to 768 of 1,233 results