Tag #International Trade

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theglobeandmail.com

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Jan 23, 16:13

U.S. Targets Canada's Digital Services Tax

The U.S. administration, under President Trump, is targeting Canada's digital services tax, a 3% levy on foreign tech companies' revenue from Canadian users, potentially escalating trade tensions.

U.S. Targets Canada's Digital Services Tax

The U.S. administration, under President Trump, is targeting Canada's digital services tax, a 3% levy on foreign tech companies' revenue from Canadian users, potentially escalating trade tensions.

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What is the immediate impact of the U.S. executive order on Canada's digital services tax?

The Canadian government's digital services tax, imposing a 3% levy on revenue from Canadian users by foreign tech giants, is facing potential retaliation from the U.S. administration. This retroactive tax, expected to generate \$7.2 billion over five years, has drawn criticism from U.S. tech companies and is now a target under a new executive order.

forbes.com

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Jan 22, 01:08

Trump Memo Orders Review of Unfair Foreign Trade Practices

President Trump's January 20 Memorandum on America First Trade Policy directs executive agencies to report by April 1 on actions to counter unfair foreign trade practices, focusing on using Anticompetitive Market Distortions analysis for effective remedies and potentially forming international coali...

Trump Memo Orders Review of Unfair Foreign Trade Practices

President Trump's January 20 Memorandum on America First Trade Policy directs executive agencies to report by April 1 on actions to counter unfair foreign trade practices, focusing on using Anticompetitive Market Distortions analysis for effective remedies and potentially forming international coali...

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What specific actions does President Trump's AFTP Memo mandate regarding unfair foreign trade practices, and what is the timeline for these actions?

President Trump's January 20 Memorandum on America First Trade Policy (AFTP) mandates reports on addressing unfair foreign practices harming U.S. trade by April 1. The Memo highlights existing legal authorities for remedies, suggesting the use of Anticompetitive Market Distortions (ACMD) analysis to precisely estimate costs for trade negotiations.

spanish.china.org.cn

🌐 85% Global Worthiness

Jan 22, 13:11

China's Booming Imported Fruit Market: A 40% Kiwi Surge and $2.8B Cherry Boom

Driven by rising demand for premium fruits, China's imported fruit market saw a 15% CAGR (2014-2023), with New Zealand kiwifruit sales surging 40% in 2024 and Chilean cherry imports exceeding $2.8 billion (Jan-Nov 2024).

China's Booming Imported Fruit Market: A 40% Kiwi Surge and $2.8B Cherry Boom

Driven by rising demand for premium fruits, China's imported fruit market saw a 15% CAGR (2014-2023), with New Zealand kiwifruit sales surging 40% in 2024 and Chilean cherry imports exceeding $2.8 billion (Jan-Nov 2024).

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What is the primary driver of the significant increase in imported fruit sales in China, and what are the immediate economic consequences?

Chinese consumers are increasingly enjoying a wider variety of imported fruits, with New Zealand kiwifruit sales up 40% year-on-year and Chilean cherries exceeding $2.8 billion in value from January to November 2024, a 26% increase. This reflects a 15% CAGR in imported fruit purchases between 2014 and 2023, driven by rising demand for high-quality produce.

smh.com.au

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Jan 21, 04:08

Trump Delays, Then Announces Tariffs, Causing Currency Fluctuations

President Trump initially delayed implementing new tariffs, delegating investigations to federal agencies; however, he later announced 25% tariffs on goods from Mexico and Canada by February 1, causing shifts in currency values. This reflects internal policy debates and contradicts traditional econo...

Trump Delays, Then Announces Tariffs, Causing Currency Fluctuations

President Trump initially delayed implementing new tariffs, delegating investigations to federal agencies; however, he later announced 25% tariffs on goods from Mexico and Canada by February 1, causing shifts in currency values. This reflects internal policy debates and contradicts traditional econo...

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What was the immediate market reaction to President Trump's initial decision regarding tariffs, and how did this change after his subsequent announcement?

Upon assuming office, President Trump initially delegated tariff investigations to federal agencies, causing a temporary weakening of the US dollar and strengthening of currencies in potentially affected countries like Canada and Mexico. However, he later announced 25% tariffs on goods from Mexico and Canada by February 1, reversing the initial currency trends.

theglobeandmail.com

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Jan 21, 13:09

Trump's Tariff Threat: Looming Trade War Forces Canada to Re-evaluate Economic Policy

President Trump's temporary postponement of 25% tariffs on Canadian imports, later reaffirmed, underscores a looming trade war impacting Canadian energy, pipeline, and railway sectors, necessitating strategic Canadian responses to protect its economy.

Trump's Tariff Threat: Looming Trade War Forces Canada to Re-evaluate Economic Policy

President Trump's temporary postponement of 25% tariffs on Canadian imports, later reaffirmed, underscores a looming trade war impacting Canadian energy, pipeline, and railway sectors, necessitating strategic Canadian responses to protect its economy.

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How does Trump's trade policy reflect his broader economic goals, and what are the potential long-term impacts on Canada-U.S. relations?

Trump's actions stem from his belief that tariffs will benefit U.S. manufacturing and government revenue, reflecting his "America First" policy. This approach contrasts sharply with Canada's reliance on the U.S. market and necessitates a strategic response to mitigate potential economic damage.

theglobeandmail.com

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Jan 21, 16:11

Volkswagen Warns of Tariff Impact on US Consumers

Volkswagen voiced concern over potential 25% US tariffs on Mexican goods, impacting its major Puebla plant (producing ~350,000 cars annually for US export) and potentially harming American consumers; the company is investing over $10 billion in US facilities.

Volkswagen Warns of Tariff Impact on US Consumers

Volkswagen voiced concern over potential 25% US tariffs on Mexican goods, impacting its major Puebla plant (producing ~350,000 cars annually for US export) and potentially harming American consumers; the company is investing over $10 billion in US facilities.

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How do Volkswagen's investments in US manufacturing facilities influence its response to the potential tariff imposition?

The proposed tariffs threaten Volkswagen's US sales, with Stifel analysts estimating that 65% of their US-sold cars would lose competitiveness. This highlights the interconnectedness of global automotive manufacturing and the significant impact of protectionist trade policies.

theguardian.com

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Jan 23, 22:08

Storm Éowyn and Irish Political Turmoil

Ireland is facing a double whammy: Storm Éowyn brought 80mph winds, school closures, and transport shutdowns, while a controversial confidence-and-supply deal caused significant political turmoil in the Dáil, delaying the official installation of Michéal Martin as Taoiseach.

Storm Éowyn and Irish Political Turmoil

Ireland is facing a double whammy: Storm Éowyn brought 80mph winds, school closures, and transport shutdowns, while a controversial confidence-and-supply deal caused significant political turmoil in the Dáil, delaying the official installation of Michéal Martin as Taoiseach.

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Peace, Justice, and Strong Institutions

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What are the potential long-term consequences of the parliamentary chaos surrounding the confidence-and-supply deal for the stability of the Irish government and its ability to effectively govern?

The incident reveals vulnerabilities within the Irish parliamentary system regarding coalition government formation and the interpretation of standing orders. Future political stability depends on addressing these issues and avoiding similar disruptions, which could affect Ireland's ability to navigate challenges like the upcoming trade dispute with the US.

t24.com.tr

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Jan 22, 13:11

Trump Threatens to Double Taxes on Foreign Entities

On January 22nd, 2025, President Trump threatened to double taxes on foreign entities in the US, retaliating against what he deems discriminatory taxes on American multinationals; this follows the US withdrawing support for a global tax agreement, potentially escalating international tax disputes an...

Trump Threatens to Double Taxes on Foreign Entities

On January 22nd, 2025, President Trump threatened to double taxes on foreign entities in the US, retaliating against what he deems discriminatory taxes on American multinationals; this follows the US withdrawing support for a global tax agreement, potentially escalating international tax disputes an...

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How does Trump's tax threat relate to broader trends in international trade and relations?

Trump's actions reflect a broader trend of rising economic nationalism and protectionism, potentially disrupting global trade and investment. His threat to raise taxes on foreign entities escalates tensions, potentially sparking retaliatory measures from other countries.

cnbc.com

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Jan 22, 13:12

Europe Urged to Prepare for Targeted U.S. Tariffs

European Central Bank President Christine Lagarde urged Europe to prepare for anticipated, selective U.S. tariffs under President Trump, suggesting a focus on internal market improvements and domestic economic strengthening. EU commissioner Valdis Dombrovskis stated the EU will respond proportionate...

Europe Urged to Prepare for Targeted U.S. Tariffs

European Central Bank President Christine Lagarde urged Europe to prepare for anticipated, selective U.S. tariffs under President Trump, suggesting a focus on internal market improvements and domestic economic strengthening. EU commissioner Valdis Dombrovskis stated the EU will respond proportionate...

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How might the U.S.'s economic conditions and the theory of import substitution influence the effectiveness and consequences of the potential tariffs?

Lagarde's comments follow President Trump's threats to impose tariffs on goods imported from the EU, citing the EU's allegedly unfair trade practices. Economists warn that these tariffs could negatively impact both the U.S. and European economies, potentially leading to higher inflation and reduced exports to the U.S. Lagarde highlighted the questionable theory of substitution, given the U.S.'s near-full capacity utilization and low unemployment rate.

theglobeandmail.com

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Jan 21, 16:11

Trump Announces Tariffs on Canadian Goods; Smith to Address Media

President Trump announced 25% tariffs on Canadian and Mexican goods starting February 1st, citing illegal immigration and fentanyl smuggling; Alberta Premier Danielle Smith, who has been lobbying against these tariffs, will hold a press conference Tuesday morning in Washington D.C. to discuss her re...

Trump Announces Tariffs on Canadian Goods; Smith to Address Media

President Trump announced 25% tariffs on Canadian and Mexican goods starting February 1st, citing illegal immigration and fentanyl smuggling; Alberta Premier Danielle Smith, who has been lobbying against these tariffs, will hold a press conference Tuesday morning in Washington D.C. to discuss her re...

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What immediate economic and political consequences will result from President Trump's announced tariffs on Canadian goods?

President Trump announced 25% tariffs on Canadian and Mexican goods starting February 1st, citing illegal immigration and fentanyl flow as justification. Alberta Premier Danielle Smith, who has been lobbying against these tariffs, will address the media Tuesday morning from Washington D.C. to discuss her response. The Canadian government is also meeting to formulate a counter-strategy.

spanish.china.org.cn

🌐 85% Global Worthiness

Jan 21, 13:09

China's booming imported fruit market: Kiwifruit sales surge 40%

Driven by rising consumer demand for high-quality fruit, China's imported fruit market experienced substantial growth in 2024, with sales of New Zealand kiwifruit surging 40% and Chilean cherries exceeding $2.8 billion, reflecting a broader trend towards premium fruit options and strategic partnersh...

China's booming imported fruit market: Kiwifruit sales surge 40%

Driven by rising consumer demand for high-quality fruit, China's imported fruit market experienced substantial growth in 2024, with sales of New Zealand kiwifruit surging 40% and Chilean cherries exceeding $2.8 billion, reflecting a broader trend towards premium fruit options and strategic partnersh...

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Responsible Consumption and Production

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What are the potential long-term implications of this trend for the Chinese fruit market and for international fruit exporters?

The continued rise in demand for imported fruit suggests a long-term shift in Chinese consumer behavior towards premium and diverse options. This trend presents significant opportunities for foreign exporters but also highlights the need for continued investment in supply chain infrastructure and strategic collaborations to meet growing demand and ensure stable access to high-quality products. The focus on quality and a diverse range of fruit suggests that price may be a secondary factor, with consumers prioritizing taste and nutritional value.

edition.cnn.com

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Jan 21, 19:10

Trump Threatens Military Action to Reclaim Panama Canal

Then president-elect Donald Trump's assertion that Panama should return the Panama Canal to the United States, potentially by military force, contradicts decades of US policy and international law; Panama's President Mulino has rejected the claim.

Trump Threatens Military Action to Reclaim Panama Canal

Then president-elect Donald Trump's assertion that Panama should return the Panama Canal to the United States, potentially by military force, contradicts decades of US policy and international law; Panama's President Mulino has rejected the claim.

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What are the historical and legal precedents that contradict Trump's claim on the Panama Canal?

Trump's proposal to reclaim the Panama Canal through military action represents a significant departure from established US foreign policy and international law. His statement disregards the legally binding treaties that transferred control of the Canal to Panama. The potential consequences include severe damage to US relations with Panama and the wider international community.

Showing 877 to 888 of 1,239 results