Tag #Protectionism

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euronews.com

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Mar 15, 16:12

EU's Critical Medicines Act: 'Buy European' Policy Risks Trade Disputes

The European Commission's Critical Medicines Act, unveiled this week, aims to enhance the EU's medicine supply security by prioritizing EU manufacturing in public procurement and increasing domestic production, but faces funding constraints and lacks a coordinated contingency stockpiling plan.

EU's Critical Medicines Act: 'Buy European' Policy Risks Trade Disputes

The European Commission's Critical Medicines Act, unveiled this week, aims to enhance the EU's medicine supply security by prioritizing EU manufacturing in public procurement and increasing domestic production, but faces funding constraints and lacks a coordinated contingency stockpiling plan.

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What are the immediate implications of the 'Buy European' principle in the Critical Medicines Act, and how might it affect the EU's trade relations?

The European Commission's Critical Medicines Act aims to improve the EU's medicine supply security, prioritizing EU manufacturing in public procurement ('Buy European'). This approach, while intended to bolster supply, risks trade disputes with countries like China, which employs similar protectionist policies.

dailymail.co.uk

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Mar 14, 04:09

Vance Defends Trump's Tariffs Amidst EU Trade Tensions

On Thursday, Vice President Vance defended President Trump's tariffs on European goods, claiming they are necessary to strengthen the American economy by reshoring supply chains and retaliating against unfair economic treatment from the EU. The US imported $2.5 billion worth of wine from France alon...

Vance Defends Trump's Tariffs Amidst EU Trade Tensions

On Thursday, Vice President Vance defended President Trump's tariffs on European goods, claiming they are necessary to strengthen the American economy by reshoring supply chains and retaliating against unfair economic treatment from the EU. The US imported $2.5 billion worth of wine from France alon...

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What are the immediate economic consequences of President Trump's tariffs on European goods, and how do they affect the American economy and global trade?

Vice President Vance asserted that the U.S. economy is fundamentally strong, despite stock market volatility caused by President Trump's tariffs. He defended these tariffs as a means to encourage domestic investment and reshore supply chains, aiming for long-term economic growth. The VP's comments followed Trump's threat to impose tariffs of up to 200 percent on European alcoholic beverages.

french.china.org.cn

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Mar 14, 07:13

China Strengthens Global Trade Ties Amidst Protectionist Headwinds

China is actively promoting international trade and investment despite global protectionism, with recent events in the UK, Brazil, and Germany showcasing cooperation agreements in finance, clean energy, AI, agriculture, and green development; China's foreign trade showed resilience in the first two ...

China Strengthens Global Trade Ties Amidst Protectionist Headwinds

China is actively promoting international trade and investment despite global protectionism, with recent events in the UK, Brazil, and Germany showcasing cooperation agreements in finance, clean energy, AI, agriculture, and green development; China's foreign trade showed resilience in the first two ...

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How is China actively countering global protectionist trends and strengthening its economic partnerships?

Despite rising unilateralism and protectionism, China is strengthening economic and trade ties globally, with recent events in the UK, Brazil, and Germany promoting commercial cooperation. The 3rd UK promotion session of the China International Supply Chain Expo (CISCE) saw agreements for cooperation in finance, clean energy, and AI, while a Shandong Province conference in Brazil yielded trade and investment deals in agriculture and green development. A Nanjing delegation in Germany further promoted economic cooperation and investment.

sueddeutsche.de

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Mar 14, 07:13

Mercedes-Benz CEO Warns of US-EU Trade Conflict Impact

Mercedes-Benz CEO Ola Källenius voiced concern over a potential US-EU trade conflict, emphasizing Europe's export-dependent economy despite Mercedes's large US production (260,000 cars in Tuscaloosa, Alabama, and Sprinters in Charleston, South Carolina) and US sales (324,500 cars and 49,500 vans in ...

Mercedes-Benz CEO Warns of US-EU Trade Conflict Impact

Mercedes-Benz CEO Ola Källenius voiced concern over a potential US-EU trade conflict, emphasizing Europe's export-dependent economy despite Mercedes's large US production (260,000 cars in Tuscaloosa, Alabama, and Sprinters in Charleston, South Carolina) and US sales (324,500 cars and 49,500 vans in ...

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How does Mercedes-Benz's substantial US production and export activity influence its stance on the US-EU trade dispute?

While Mercedes-Benz's US production minimizes direct tariff impacts, the CEO's concern underscores Europe's export-driven economy's vulnerability in trade wars. Källenius points out that post-WWII European growth was significantly fueled by trade, making protectionism counterproductive. Mercedes's substantial US production (260,000 cars in Tuscaloosa alone) and export volume highlights its global interconnectedness.

zeit.de

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Mar 14, 07:13

Mercedes-Benz CEO Warns of Economic Risks from US-EU Trade Dispute

Mercedes-Benz CEO Ola Källenius expressed concern over escalating US-EU trade disputes, highlighting the company's long history and substantial investments in the US market while emphasizing the importance of global trade for economic growth. Despite its significant US manufacturing, Mercedes-Benz's...

Mercedes-Benz CEO Warns of Economic Risks from US-EU Trade Dispute

Mercedes-Benz CEO Ola Källenius expressed concern over escalating US-EU trade disputes, highlighting the company's long history and substantial investments in the US market while emphasizing the importance of global trade for economic growth. Despite its significant US manufacturing, Mercedes-Benz's...

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How does Mercedes-Benz's significant US manufacturing presence influence its perspective on the ongoing trade conflict?

The CEO's comments highlight the interconnected nature of global trade and the potential impact of protectionist policies on established multinational corporations. Mercedes-Benz's significant US production and export activities demonstrate the complex web of economic relationships affected by trade disputes.

theglobeandmail.com

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Mar 13, 04:09

Trump's Tariffs on Steel and Aluminum to Hike Auto Industry Costs

President Trump's 25% tariffs on imported steel and aluminum, including auto parts, will significantly raise costs for the North American auto industry, prompting retaliatory tariffs from Canada and the European Union, potentially impacting global supply chains and leading to inflation and job losse...

Trump's Tariffs on Steel and Aluminum to Hike Auto Industry Costs

President Trump's 25% tariffs on imported steel and aluminum, including auto parts, will significantly raise costs for the North American auto industry, prompting retaliatory tariffs from Canada and the European Union, potentially impacting global supply chains and leading to inflation and job losse...

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What are the immediate economic consequences of the new steel and aluminum tariffs on the North American auto industry?

President Trump's 25% tariffs on imported steel and aluminum, including auto parts, will increase costs for both American consumers and businesses. This is particularly impactful for the North American auto industry, which relies on integrated, free-trade supply chains. Canada and the European Union have retaliated with their own tariffs, escalating the trade conflict.

spanish.china.org.cn

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Mar 14, 07:13

US Trade War Triggers Market Panic, Recession Fears

The US's escalating trade war, marked by a 25% tariff on steel and aluminum, has caused significant stock market declines (S&P 500 down 9.3%, Nasdaq down 13.6%), and retaliatory tariffs threaten various US industries, raising concerns about a potential recession despite government assurances.

US Trade War Triggers Market Panic, Recession Fears

The US's escalating trade war, marked by a 25% tariff on steel and aluminum, has caused significant stock market declines (S&P 500 down 9.3%, Nasdaq down 13.6%), and retaliatory tariffs threaten various US industries, raising concerns about a potential recession despite government assurances.

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How are retaliatory tariffs impacting various sectors of the US economy?

The imposition of 25% tariffs on steel and aluminum has already caused retaliatory tariffs from other countries, harming US businesses and consumers in sectors like agriculture, automotive, and construction. This demonstrates the interconnected nature of the global economy and the counterproductive nature of unilateral trade actions.

lexpress.fr

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Mar 14, 07:13

Trump's Plan to Revive US Shipbuilding: CMA CGM's \$20 Billion Investment

In March 2017, Rodolphe Saadé, CEO of CMA CGM, presented a \$20 billion investment plan to President Trump to support his initiative to revive the American shipbuilding industry, which currently lags behind Asian competitors, amid a broader effort to increase US influence in global maritime trade an...

Trump's Plan to Revive US Shipbuilding: CMA CGM's \$20 Billion Investment

In March 2017, Rodolphe Saadé, CEO of CMA CGM, presented a \$20 billion investment plan to President Trump to support his initiative to revive the American shipbuilding industry, which currently lags behind Asian competitors, amid a broader effort to increase US influence in global maritime trade an...

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Industry, Innovation, and Infrastructure

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How does Rodolphe Saadé's \$20 billion investment in the US relate to the broader geopolitical context of Trump's trade policies?

Trump's plan to revitalize the US shipbuilding industry reflects a broader strategy to reclaim American dominance in international maritime trade. This involves incentivizing domestic construction and potentially penalizing foreign-built ships, particularly those from China, which currently dominates global shipbuilding. The initiative intends to bolster American manufacturing and reduce economic dependence on other nations.

theguardian.com

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Mar 14, 04:09

Australia Urges Local Consumption Amid Trump Tariff Fallout

Australia's government is urging consumers to buy local products to mitigate the economic impact of failing to secure an exemption from Donald Trump's tariffs, prompting a political debate ahead of the election, with the opposition criticizing the government's weakness while also attempting to explo...

Australia Urges Local Consumption Amid Trump Tariff Fallout

Australia's government is urging consumers to buy local products to mitigate the economic impact of failing to secure an exemption from Donald Trump's tariffs, prompting a political debate ahead of the election, with the opposition criticizing the government's weakness while also attempting to explo...

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What immediate economic and political consequences stem from Australia's failure to secure an exemption from Donald Trump's tariffs?

Australia's government, facing pressure from Donald Trump's tariffs, is exploring ways to boost local consumption without imposing counter-tariffs. The prime minister urged Australians to buy domestically produced goods to support local jobs and industries. This initiative aligns with the pre-existing "Future Made in Australia" policy, focusing on clean energy projects.

welt.de

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Mar 14, 07:13

Mercedes-Benz CEO Warns of US-EU Trade Conflict's Economic Ramifications

Mercedes-Benz CEO Ola Källenius voiced concerns about escalating US-EU trade conflicts, highlighting the company's 120-year US presence and substantial US production (260,000 cars in Tuscaloosa, Alabama, and Sprinters in Charleston, South Carolina) alongside its global operations, emphasizing Europe...

Mercedes-Benz CEO Warns of US-EU Trade Conflict's Economic Ramifications

Mercedes-Benz CEO Ola Källenius voiced concerns about escalating US-EU trade conflicts, highlighting the company's 120-year US presence and substantial US production (260,000 cars in Tuscaloosa, Alabama, and Sprinters in Charleston, South Carolina) alongside its global operations, emphasizing Europe...

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How does Mercedes-Benz's dual role as a manufacturer and importeexporter in the US influence its perspective on the trade dispute?

Källenius's comments underscore the intertwined nature of global trade and the potential ramifications of protectionist policies. While Mercedes-Benz benefits from US manufacturing, its extensive global operations, including plants in China and Europe, make it vulnerable to trade disruptions. He stresses the importance of free trade for European economic growth.

kathimerini.gr

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Mar 13, 10:10

EU Announces \$26 Billion in Retaliatory Tariffs Against US

The European Union announced \$26 billion in retaliatory tariffs against the United States in response to US tariffs on European aluminum and steel, escalating the trade conflict and impacting various American products and industries.

EU Announces \$26 Billion in Retaliatory Tariffs Against US

The European Union announced \$26 billion in retaliatory tariffs against the United States in response to US tariffs on European aluminum and steel, escalating the trade conflict and impacting various American products and industries.

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What immediate economic impacts resulted from the EU's response to US tariffs on European aluminum and steel?

The EU swiftly retaliated against the US's 25% tariffs on European aluminum and steel imports by announcing countermeasures targeting \$26 billion worth of American goods. This action, following the implementation of US tariffs, is expected to impact American product imports into the EU, aiming to offset the damage to European imports.

spanish.china.org.cn

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Mar 13, 10:11

US Tariffs Spark Global Trade War

The US imposed additional tariffs on steel and aluminum imports, triggering immediate retaliatory tariffs from China (€26 billion), the EU, and potential non-tariff barriers from Canada, raising concerns about global economic slowdown and increased inflation.

US Tariffs Spark Global Trade War

The US imposed additional tariffs on steel and aluminum imports, triggering immediate retaliatory tariffs from China (€26 billion), the EU, and potential non-tariff barriers from Canada, raising concerns about global economic slowdown and increased inflation.

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What are the immediate economic consequences of the US tariffs on steel and aluminum imports?

The US imposed additional tariffs on steel and aluminum imports, prompting immediate retaliatory measures from China, the EU, and Canada. China announced retaliatory tariffs on US goods, while the EU imposed tariffs worth up to €26 billion, and Canada hinted at non-tariff barriers.

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