Tag #Protectionism

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npr.org

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Dec 15, 16:12

US Businesses Divided Over Trump's Proposed Tariffs

Proposed tariffs on imports are dividing US businesses; some welcome them as a defense against foreign competition, while others fear higher costs for consumers, impacting affordability and potentially inflation.

US Businesses Divided Over Trump's Proposed Tariffs

Proposed tariffs on imports are dividing US businesses; some welcome them as a defense against foreign competition, while others fear higher costs for consumers, impacting affordability and potentially inflation.

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What are the immediate economic consequences for US businesses and consumers resulting from the proposed tariffs?

Tariffs on imports are dividing US businesses. Some, like Mark McClelland of Tower Extrusions, welcome tariffs to counter foreign competition, particularly from China and Mexico, which supply about 35% of US extruded aluminum products, nearly double the share five years ago. However, others, such as importer Bobby Djavaheri, fear increased costs for consumers. A 60% tariff on Chinese imports could significantly increase the price of his air fryers.

dw.com

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Dec 13, 20:05

Bundesbank drastically cuts German growth forecasts

Germany's central bank, the Bundesbank, slashed its economic growth forecasts for 2025 and 2026 to 0.2% and 0.8%, respectively, citing persistent economic headwinds, structural problems, and a sharp decline in October exports (down 2.8% from September).

Bundesbank drastically cuts German growth forecasts

Germany's central bank, the Bundesbank, slashed its economic growth forecasts for 2025 and 2026 to 0.2% and 0.8%, respectively, citing persistent economic headwinds, structural problems, and a sharp decline in October exports (down 2.8% from September).

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How do the declining export figures and rising labor market tensions impact the overall economic forecast for Germany?

Germany's economic slowdown is attributed to persistent economic headwinds and structural problems, primarily affecting the industrial sector and exports. While private consumption is expected to increase, it will be less than previously anticipated due to rising labor market tensions. October's export figures showed a 2.8% decrease compared to September, reaching €124.6 billion, the steepest decline in 2024.

cbsnews.com

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Dec 8, 19:07

Trump's Tariff Policy: Economic Realities vs. Political Rhetoric

President Trump's praise of tariffs contrasts sharply with economic analysis showing they increase consumer prices and cause job losses, as evidenced by the sugar and steel tariffs, while offering alternative policy tools for similar goals.

Trump's Tariff Policy: Economic Realities vs. Political Rhetoric

President Trump's praise of tariffs contrasts sharply with economic analysis showing they increase consumer prices and cause job losses, as evidenced by the sugar and steel tariffs, while offering alternative policy tools for similar goals.

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What are the actual economic consequences of tariffs, and who ultimately bears the costs?

President Trump's fondness for tariffs is at odds with expert opinion. Economists contend tariffs primarily burden consumers, increasing prices, rather than generating revenue for the U.S. Treasury. This is contrary to Trump's claim that other countries pay the tariffs.

abcnews.go.com

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Dec 7, 16:08

Trump's Steel Tariffs: Potential Boost for Industry, Risks for Broader Economy

President-elect Trump plans to impose tariffs as high as 20% on all imported goods and 60-100% on Chinese goods to boost the domestic steel industry, potentially increasing steel prices and production but risking higher consumer prices and reduced competitiveness for manufacturers reliant on steel.

Trump's Steel Tariffs: Potential Boost for Industry, Risks for Broader Economy

President-elect Trump plans to impose tariffs as high as 20% on all imported goods and 60-100% on Chinese goods to boost the domestic steel industry, potentially increasing steel prices and production but risking higher consumer prices and reduced competitiveness for manufacturers reliant on steel.

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What are the immediate economic impacts of President-elect Trump's proposed steel tariffs on both the steel industry and the broader U.S. economy?

President-elect Trump's plan to impose significant tariffs on imported steel aims to bolster the domestic steel industry. This could lead to increased prices and revenue for U.S. steelmakers, potentially boosting employment. However, these benefits might be limited and could be offset by negative consequences.

french.china.org.cn

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Dec 6, 16:10

EU to Impose Anti-Dumping Duties on Chinese Titanium Dioxide

The EU will impose definitive anti-dumping duties on Chinese titanium dioxide imports starting January 2025, prompting opposition from EU paint industries and a statement from China expressing concern and vowing to monitor the situation closely. This is one of 15 trade defense investigations the EU ...

EU to Impose Anti-Dumping Duties on Chinese Titanium Dioxide

The EU will impose definitive anti-dumping duties on Chinese titanium dioxide imports starting January 2025, prompting opposition from EU paint industries and a statement from China expressing concern and vowing to monitor the situation closely. This is one of 15 trade defense investigations the EU ...

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How does the EU's action against Chinese titanium dioxide fit into the larger context of EU-China trade relations?

The EU's move is part of a broader trend of increased trade disputes between the EU and China. Since the start of 2024, the EU has launched 15 trade defense investigations against China, highlighting growing trade tensions. The EU also plans to impose protective tariffs on Chinese electric vehicles, further escalating the conflict. The paint industry, with €33 billion in annual revenue and 150,000 jobs, is particularly vulnerable.

politico.eu

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Dec 5, 07:07

EU Faces High US Tariffs, Needs Multi-Pronged Strategy

The EU faces substantial new US tariffs (10-20% on most imports, 60% on Chinese goods), violating WTO agreements, and potentially causing significant economic and political instability; a multi-pronged strategy involving persuasion, dissuasion, retaliation, and alliance building is needed.

EU Faces High US Tariffs, Needs Multi-Pronged Strategy

The EU faces substantial new US tariffs (10-20% on most imports, 60% on Chinese goods), violating WTO agreements, and potentially causing significant economic and political instability; a multi-pronged strategy involving persuasion, dissuasion, retaliation, and alliance building is needed.

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What is the most significant risk the EU faces concerning the newly announced US tariffs?

The EU faces significantly higher US tariffs (10-20% on most imports, 60% on Chinese goods) than in previous trade disputes, jeopardizing its economic stability and political cohesion. These tariffs violate WTO agreements, and the EU's previous negotiation strategies may prove insufficient. The inflationary pressures already impacting the EU will be exacerbated.

zeit.de

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Dec 13, 13:13

Bundesbank sharply cuts German growth forecast, predicts recession

The Bundesbank drastically lowered its German economic growth forecast for 2024 to a 0.2% contraction and 0.2% for 2025, citing persistent economic headwinds, structural problems, and potential global protectionism as key factors, while predicting inflation to gradually decline to 2% by 2026.

Bundesbank sharply cuts German growth forecast, predicts recession

The Bundesbank drastically lowered its German economic growth forecast for 2024 to a 0.2% contraction and 0.2% for 2025, citing persistent economic headwinds, structural problems, and potential global protectionism as key factors, while predicting inflation to gradually decline to 2% by 2026.

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What is the Bundesbank's revised economic growth forecast for Germany in 2024 and 2025, and what are the key factors contributing to this revision?

The Bundesbank significantly lowered its German economic growth forecast for 2024 and 2025, predicting a 0.2% contraction and 0.2% growth respectively, compared to previous projections of 0.3% growth and 1.1% growth. This marks a second consecutive year of recession. The projected recovery in 2026 is also weaker than previously anticipated.

welt.de

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Dec 11, 01:09

Biden warns of economic 'catastrophe' under Trump's planned tariffs

President Biden criticized President-elect Trump's planned tariffs on imports from Canada, Mexico, and China, warning of increased consumer prices and potential economic catastrophe; Trump's inauguration is scheduled for January 20th.

Biden warns of economic 'catastrophe' under Trump's planned tariffs

President Biden criticized President-elect Trump's planned tariffs on imports from Canada, Mexico, and China, warning of increased consumer prices and potential economic catastrophe; Trump's inauguration is scheduled for January 20th.

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How do President-elect Trump's economic policies align with or differ from the current economic climate in the US?

"The impending tariffs are predicted to increase consumer prices, a key issue during the recent election campaign. This contrasts sharply with the current state of the US economy, which is characterized by low inflation and a strong job market, recovering well from the pandemic. Experts agree that Trump's protectionist trade policies will likely trigger higher prices for consumers.",

theglobeandmail.com

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Dec 7, 01:07

Canadian Exporters Hedge Against US Tariff Threat

Facing potential 25% US tariffs, Canadian exporters are increasing US inventory shipments and covering tariff costs for clients, mirroring 2018 responses to steel and aluminum tariffs, while also planning longer-term strategies like increased US production and market diversification.

Canadian Exporters Hedge Against US Tariff Threat

Facing potential 25% US tariffs, Canadian exporters are increasing US inventory shipments and covering tariff costs for clients, mirroring 2018 responses to steel and aluminum tariffs, while also planning longer-term strategies like increased US production and market diversification.

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What immediate actions are Canadian exporters taking to mitigate the risk of US tariffs?

Canadian exporters are preparing for potential US tariffs by increasing inventory shipments to the US and offering to cover tariff costs for clients. Some US companies are also increasing orders from Canadian suppliers. This proactive approach aims to mitigate the immediate impact of potential tariffs.

kathimerini.gr

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Dec 6, 16:10

EU-Mercosur Trade Deal Creates Massive Market Despite French Opposition

The European Union and five South American nations finalized a comprehensive trade agreement, creating a market of 780 million people and potentially saving European businesses €4 billion annually in export tariffs, despite facing significant political opposition within the EU.

EU-Mercosur Trade Deal Creates Massive Market Despite French Opposition

The European Union and five South American nations finalized a comprehensive trade agreement, creating a market of 780 million people and potentially saving European businesses €4 billion annually in export tariffs, despite facing significant political opposition within the EU.

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What are the immediate economic consequences of the EU-Mercosur trade agreement for European businesses?

The EU and five South American countries signed a major trade deal, creating a market of 780 million people. This agreement, concluded after 25 years of negotiations, eliminates tariffs on various goods, potentially saving European companies €4 billion annually. The deal is strategically important given potential trade disruptions from the US and China.

theglobeandmail.com

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Dec 6, 22:11

EU-Mercosur Free Trade Deal Reached Despite French Opposition

The EU and Mercosur finalized a free trade agreement after 25 years of negotiations, creating one of the world's largest free trade zones, projected to save businesses \$4.26 billion annually in tariffs, despite opposition from France and other EU nations concerned about unfair competition and envir...

EU-Mercosur Free Trade Deal Reached Despite French Opposition

The EU and Mercosur finalized a free trade agreement after 25 years of negotiations, creating one of the world's largest free trade zones, projected to save businesses \$4.26 billion annually in tariffs, despite opposition from France and other EU nations concerned about unfair competition and envir...

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What are the main concerns of EU member states opposing the agreement, and what are their potential consequences?

The agreement's supporters highlight annual savings of \$4.26 billion in tariffs and increased business opportunities for 60,000 businesses. Opponents, primarily in France, cite concerns about unfair competition for farmers from cheaper South American imports and the environmental consequences of potentially lax South American standards. The deal's success hinges on overcoming this opposition and securing ratification within the EU.

nbcnews.com

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Dec 3, 12:36

Trump to Block Nippon Steel's $15 Billion U.S. Steel Acquisition

President-elect Donald Trump declared he will block Nippon Steel's $15 billion bid to acquire U.S. Steel, defying the company's support and prior opposition from President Biden and Vice President Harris, despite Nippon Steel's promises to invest and maintain American jobs. The deal is set for revie...

Trump to Block Nippon Steel's $15 Billion U.S. Steel Acquisition

President-elect Donald Trump declared he will block Nippon Steel's $15 billion bid to acquire U.S. Steel, defying the company's support and prior opposition from President Biden and Vice President Harris, despite Nippon Steel's promises to invest and maintain American jobs. The deal is set for revie...

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What are the potential broader economic and geopolitical implications of this decision?

Trump's opposition stems from concerns about foreign ownership of U.S. Steel, prioritizing domestic control over economic efficiency. Nippon Steel's assurances of continued American management, investment, and job security appear insufficient to sway Trump. This politicization risks harming U.S.-Japan relations and inadvertently benefiting China, which dominates the global steel market.

Showing 481 to 492 of 503 results