Tag #Protectionism

theglobeandmail.com
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Alberta-BC Wine Deal: A Crack in Canada's Interprovincial Trade Barriers

Alberta and British Columbia signed a one-year agreement allowing Albertans to buy B.C. wine directly, marking a small step towards addressing Canada's long-standing interprovincial trade barriers, which a Queen's University study suggests could increase GDP per capita by 4% if eliminated.

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52% Bias Score

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cnbc.com
🌐 85% Global Worthiness
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Cleveland-Cliffs and Nucor Team Up in Bid for U.S. Steel

Cleveland-Cliffs and Nucor are jointly bidding to acquire U.S. Steel for an amount exceeding $30 per share, aiming to prevent the company's acquisition by Japanese firm Nippon Steel, which was blocked by the White House over national security concerns.

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56% Bias Score

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forbes.com
🌐 85% Global Worthiness
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TikTok Ban: A Counterproductive Threat to US National Security

The proposed ban on TikTok in the U.S., fueled by national security concerns, is counterproductive, as its 170 million users act as a deterrent against conflict with China; the ban's underlying assumption is that Americans are easily influenced by foreign propaganda, which undermines freedom.

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60% Bias Score

Peace, Justice, and Strong Institutions
euronews.com
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EU Affirms WTO Commitment Amidst French Skepticism

During a visit to the WTO in Geneva, EU Trade Commissioner Šefčovič reiterated the EU's commitment to the organization, despite French President Macron's recent criticism of the WTO's rules as ineffective due to the non-compliance of the US and China, advocating instead for prioritizing local produc...

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52% Bias Score

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smh.com.au
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Chinese EVs Disrupt Global Auto Industry

The global auto industry is undergoing a dramatic restructuring due to the rise of Chinese electric vehicle manufacturers, forcing established automakers to contend with increased competition, shrinking profits, and the need for strategic adaptation.

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56% Bias Score

Industry, Innovation, and Infrastructure
gr.euronews.com
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Biden Blocks US Steel Acquisition, Citing National Security

President Biden blocked a $15 billion acquisition of US Steel by Japan's Nippon Steel on Friday, citing national interests, despite opposition from both companies and some US business groups; this decision could strain US-Japan relations.

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52% Bias Score

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kathimerini.gr
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China's US \$1 Trillion Trade Surplus: Record High Amidst Global Tensions

China achieved a record US \$1 trillion trade surplus in 2023 due to surging exports and reduced imports, exceeding historical surpluses of major economies; this success, however, coincides with domestic economic weakness and rising global trade tensions.

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56% Bias Score

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lexpress.fr
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Europe's Ethical Predicament: Consequentialism Needed to Counter US Shift

Europe's ethical framework, prioritizing principles over consequences, is hindering its response to global challenges like Trump's presidency and the rise of far-right populism; the article urges a shift towards a consequentialist approach involving increased military spending, energy diversificatio...

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56% Bias Score

Peace, Justice, and Strong Institutions
it.euronews.com
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EU and France Diverge on WTO Reform Amidst Rising Global Protectionism

EU Trade Commissioner Šefčovič reaffirmed the EU's commitment to WTO rules in Geneva on Tuesday, contrasting with French President Macron's earlier criticism of the international trade rules system, highlighting a potential transatlantic divergence on trade policy and the future of the WTO.

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36% Bias Score

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cnnespanol.cnn.com
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Trump's Advisors Weigh Universal Tariffs Amidst Internal Divisions

President-elect Donald Trump is pushing for universal tariffs on foreign imports, with advisors exploring a 10% tariff on all imports and a 60% tariff on Chinese goods, although adjustments are under consideration due to political and economic realities; internal divisions exist among his advisors o...

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40% Bias Score

Reduced Inequality
china.org.cn
🌐 85% Global Worthiness
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Former UN Official Warns of Negative Global Impacts from Potential US Protectionist Policies

A former UN official warns that new US protectionist policies could harm global trade, disrupt supply chains, raise consumer prices, and increase global tensions, hindering efforts to address pressing global challenges such as climate change.

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44% Bias Score

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taz.de
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Biden Blocks Nippon Steel's US Steel Acquisition

President Joe Biden blocked a $14.9 billion acquisition of US Steel by Japan's Nippon Steel on January 19th, 2024, citing national security concerns and the risk to American jobs, despite the planned $2.7 billion investment in US Steel factories and appeals from both companies.

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52% Bias Score

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