Tag #Protectionism

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bbs.chinadaily.com.cn

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Jul 7, 19:15

Trump Threatens BRICS Tariffs; China Rejects Protectionism

President Trump threatened a 10 percent tariff on BRICS countries for "anti-American" policies; China's Foreign Ministry rejected this, stating that BRICS promotes openness and win-win cooperation and does not target any country, while the 17th BRICS summit's Rio de Janeiro Declaration condemned uni...

Trump Threatens BRICS Tariffs; China Rejects Protectionism

President Trump threatened a 10 percent tariff on BRICS countries for "anti-American" policies; China's Foreign Ministry rejected this, stating that BRICS promotes openness and win-win cooperation and does not target any country, while the 17th BRICS summit's Rio de Janeiro Declaration condemned uni...

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How does the BRICS response to the US tariff threat reflect broader trends in global economic relations?

The US's tariff threat reflects a continued belief in tariffs as a powerful tool, despite widespread criticism of this approach's potential to disrupt global economic cooperation. The 17th BRICS summit's Rio de Janeiro Declaration explicitly rejects such unilateral, punitive, and discriminatory protectionist measures, highlighting their incompatibility with international law and the WTO.

sueddeutsche.de

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Jul 6, 19:13

China Restricts EU Medical Device Imports Amid Rising Trade Tensions

China imposed immediate restrictions on medical device imports from the EU exceeding 45 million Yuan (5.3 million Euro) or containing over 50 percent EU components, citing the EU's restrictive measures and protectionist barriers as retaliation for an EU investigation into Chinese public procurement ...

China Restricts EU Medical Device Imports Amid Rising Trade Tensions

China imposed immediate restrictions on medical device imports from the EU exceeding 45 million Yuan (5.3 million Euro) or containing over 50 percent EU components, citing the EU's restrictive measures and protectionist barriers as retaliation for an EU investigation into Chinese public procurement ...

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What are the underlying causes of this trade dispute, and how do they connect to broader patterns of trade friction between China and the EU?

This action represents an escalation of trade tensions between China and the EU. China cites the EU's restrictive measures and protectionist barriers as justification, retaliating with import restrictions on medical devices after recent tariffs on EU brandy. This follows longstanding EU complaints about market access restrictions in China.

dw.com

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Jul 6, 22:11

BRICS Condemns Unilateral US Trade Policies Amidst Leadership Absences

Eleven emerging economies, including Brazil, Russia, India, China, and South Africa, united within the BRICS group, criticized US unilateral trade policies during their summit, warning of their negative impacts on global trade and growth, despite the notable absence of key leaders, such as Chinese P...

BRICS Condemns Unilateral US Trade Policies Amidst Leadership Absences

Eleven emerging economies, including Brazil, Russia, India, China, and South Africa, united within the BRICS group, criticized US unilateral trade policies during their summit, warning of their negative impacts on global trade and growth, despite the notable absence of key leaders, such as Chinese P...

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What is the primary focus of the BRICS summit's statement, and what are the immediate consequences of the criticized policies?

The BRICS nations, representing nearly half the global population and 40% of global GDP, have united in their opposition to unilateral US trade policies. A draft statement from their meeting criticizes these policies as illegal and arbitrary, warning of negative impacts on global trade and economic growth. The absence of key leaders, including Xi Jinping and Vladimir Putin, however, diminished the meeting's political impact.

theglobeandmail.com

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Jul 5, 01:12

Trump's Trade Deal Deadline Misses Mark, Raising Global Risk

President Trump's ambitious goal of finalizing 90 trade deals within 90 days has fallen short, resulting in only three agreements and plans for imposing tariffs up to 70 percent on non-compliant countries, potentially causing global supply chain disruptions and financial market instability.

Trump's Trade Deal Deadline Misses Mark, Raising Global Risk

President Trump's ambitious goal of finalizing 90 trade deals within 90 days has fallen short, resulting in only three agreements and plans for imposing tariffs up to 70 percent on non-compliant countries, potentially causing global supply chain disruptions and financial market instability.

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What is the immediate impact of President Trump's failure to meet his 90 trade deals in 90 days target?

President Trump's goal to finalize 90 trade deals within 90 days has fallen short, with only three agreements reached by the July 9 deadline. These include limited trade pacts with Britain and Vietnam, and a temporary tariff truce with China. The administration now plans to impose tariffs as high as 70 percent on countries that haven't reached agreements.

lemonde.fr

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Jul 4, 13:17

Trump Announces Varying Tariffs on Imports, Payments to Begin August 1st

President Trump announced on July 3, 2024, that his administration will begin sending letters to over 170 countries specifying tariffs ranging from 10-20% to 60-70%, with payments starting August 1st, following previously threatened tariffs and recent trade deals with the UK and Vietnam.

Trump Announces Varying Tariffs on Imports, Payments to Begin August 1st

President Trump announced on July 3, 2024, that his administration will begin sending letters to over 170 countries specifying tariffs ranging from 10-20% to 60-70%, with payments starting August 1st, following previously threatened tariffs and recent trade deals with the UK and Vietnam.

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What are the potential long-term ramifications of this tariff policy on global trade relations and economic stability?

The implementation of these tariffs could significantly disrupt global trade, potentially triggering retaliatory measures from affected countries. The varying tariff rates suggest a strategy to leverage economic pressure for favorable trade agreements, potentially leading to further trade disputes and market volatility.

smh.com.au

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Jul 3, 07:15

Trump's Trade Deal Deadline Approaches Amidst Stalled Negotiations

The Trump administration's "90 deals in 90 days" trade initiative is falling significantly short of its goals, with ongoing negotiations marked by imposed tariffs, resistance from trading partners, and potential for global trade disruption.

Trump's Trade Deal Deadline Approaches Amidst Stalled Negotiations

The Trump administration's "90 deals in 90 days" trade initiative is falling significantly short of its goals, with ongoing negotiations marked by imposed tariffs, resistance from trading partners, and potential for global trade disruption.

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What are the immediate consequences of the failure to achieve the Trump administration's "90 deals in 90 days" trade goal?

Trump's "90 deals in 90 days" trade initiative is falling short, with only a few framework agreements reached. Negotiations with key partners like Japan and the EU remain unresolved, while the Vietnam deal, imposing significant tariffs on Vietnamese goods in exchange for market access, exemplifies the administration's approach. This approach involves imposing high baseline tariffs and additional sectoral tariffs, significantly impacting global trade.

lefigaro.fr

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Jul 6, 19:13

China Excludes EU Firms From Major Medical Contracts in Trade Retaliation

China is excluding EU companies from large public medical equipment contracts exceeding 5.3 million euros, retaliating against similar EU restrictions on Chinese firms; this follows failed bilateral talks and intensifies trade tensions.

China Excludes EU Firms From Major Medical Contracts in Trade Retaliation

China is excluding EU companies from large public medical equipment contracts exceeding 5.3 million euros, retaliating against similar EU restrictions on Chinese firms; this follows failed bilateral talks and intensifies trade tensions.

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What are the potential long-term economic implications of this trade dispute for both the EU and China?

This escalation signals a potential for further trade restrictions and economic decoupling. The 50% cap on EU products in non-EU bids suggests a strategic move to reduce EU market influence in China. Future trade relations are likely to be more strained, impacting both economies.

europe.chinadaily.com.cn

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Jul 6, 19:13

China Retaliates Against EU, Restricting Medical Device Procurement

China implemented immediate restrictions on EU medical device procurement exceeding $6.28 million, retaliating against similar EU measures; this affects surgical instruments, MRI equipment, and other devices, impacting EU businesses but exempting projects solely reliant on EU imports.

China Retaliates Against EU, Restricting Medical Device Procurement

China implemented immediate restrictions on EU medical device procurement exceeding $6.28 million, retaliating against similar EU measures; this affects surgical instruments, MRI equipment, and other devices, impacting EU businesses but exempting projects solely reliant on EU imports.

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How do China's actions relate to broader trends of protectionism in international trade?

The Chinese government's action reflects escalating trade tensions between China and the EU, mirroring the EU's prior restrictions on Chinese medical device companies. This tit-for-tat approach underscores a broader trend of protectionism in global trade.

theguardian.com

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Jul 5, 10:09

Trump's Tariffs: Looming Re-implementation and Economic Uncertainty

President Trump's "Liberation Day" tariffs, paused in the spring, are nearing re-implementation, potentially impacting US businesses and consumers significantly despite minor trade deals with the UK, China, and Vietnam; the administration's strategy of imposing and reducing tariffs causes uncertaint...

Trump's Tariffs: Looming Re-implementation and Economic Uncertainty

President Trump's "Liberation Day" tariffs, paused in the spring, are nearing re-implementation, potentially impacting US businesses and consumers significantly despite minor trade deals with the UK, China, and Vietnam; the administration's strategy of imposing and reducing tariffs causes uncertaint...

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What are the immediate economic consequences of the potential re-implementation of the "Liberation Day" tariffs, and how will they affect US consumers?

Liberation Day" tariffs, initially announced by President Trump and later paused, are nearing re-implementation. While some minor trade deals have been reached with the UK, China, and Vietnam, the promised 90 deals in 90 days have not materialized. The potential re-imposition of these tariffs could significantly impact US businesses and consumers.

dw.com

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Jul 4, 16:12

EU Proposes WTO Alternative Amid Dispute Resolution Crisis

EU leaders proposed a new trade organization to replace the WTO's ineffective dispute resolution, involving partnerships with CPTPP members and aiming for stricter competition rules, potentially excluding China.

EU Proposes WTO Alternative Amid Dispute Resolution Crisis

EU leaders proposed a new trade organization to replace the WTO's ineffective dispute resolution, involving partnerships with CPTPP members and aiming for stricter competition rules, potentially excluding China.

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How could the proposed alliance with like-minded Asian nations impact global trade patterns and competition?

The near-total breakdown of the WTO's dispute resolution system, largely due to US blockades, fueled the proposal for a new trade organization. This initiative aims to establish a framework with strict competition rules, especially concerning state-owned enterprises and subsidies, potentially excluding China initially.

es.euronews.com

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Jul 4, 19:15

Trump to Impose Tariffs up to 70% on Key Trading Partners

US President Donald Trump will begin notifying major trading partners of a new tariff regime by Friday, with tariffs of up to 70% taking effect August 1st, impacting countries such as South Korea, Indonesia, Switzerland and the EU, despite ongoing negotiations; the tariffs are expected to increase a...

Trump to Impose Tariffs up to 70% on Key Trading Partners

US President Donald Trump will begin notifying major trading partners of a new tariff regime by Friday, with tariffs of up to 70% taking effect August 1st, impacting countries such as South Korea, Indonesia, Switzerland and the EU, despite ongoing negotiations; the tariffs are expected to increase a...

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What are the long-term implications of these tariffs on inflation, interest rates, and the global economic landscape?

The delayed economic effects of these tariffs could complicate Federal Reserve efforts to control inflation, with some officials hesitant to cut interest rates until the full economic impact is clear. The President's statement that the US will begin to receive revenue from these tariffs starting August 1st, while technically paid by importers, will likely impact consumers through higher prices or reduced corporate profit margins.",

politico.eu

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Jul 3, 07:15

EU Internal Divisions Threaten U.S. Trade Deal

The EU is struggling to present a united front in high-stakes trade negotiations with the U.S., with Germany and Italy pushing for a deal even at the cost of concessions, while France and Spain prefer stronger resistance, jeopardizing the bloc's negotiating position and potentially triggering retali...

EU Internal Divisions Threaten U.S. Trade Deal

The EU is struggling to present a united front in high-stakes trade negotiations with the U.S., with Germany and Italy pushing for a deal even at the cost of concessions, while France and Spain prefer stronger resistance, jeopardizing the bloc's negotiating position and potentially triggering retali...

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What are the long-term implications of the internal divisions within the EU for its trade policy and global standing?

Failure to reach a trade agreement by July 8th could result in the EU implementing retaliatory tariffs on $116 billion worth of US goods. However, internal disagreements amongst member states risk significantly reducing the effectiveness of these measures, potentially leaving the EU with limited leverage in future negotiations. The current divisions expose underlying vulnerabilities in the EU's decision-making process, which could have broader implications for its future trade policy.

Showing 121 to 132 of 856 results