Tag #Protectionism

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npr.org

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Dec 20, 13:12

Trump's Tariff Shift: A Break from Republican Free Trade Orthodoxy

President-elect Donald Trump's advocacy for tariffs, ranging from 20% to 60% on goods from various countries, signifies a stark departure from the Republican Party's historical pro-free trade stance, potentially impacting consumer prices and international trade relations.

Trump's Tariff Shift: A Break from Republican Free Trade Orthodoxy

President-elect Donald Trump's advocacy for tariffs, ranging from 20% to 60% on goods from various countries, signifies a stark departure from the Republican Party's historical pro-free trade stance, potentially impacting consumer prices and international trade relations.

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What factors contributed to the shift in public and Republican Party opinion on free trade, and how did Trump leverage this sentiment in his campaigns?

This shift reflects a growing divide between elite Republican opinion and the broader electorate's more mixed views on trade. While economists largely agree that tariffs raise prices for consumers, Trump's rhetoric tapped into voter anxieties about job losses in manufacturing sectors, particularly those impacted by increased trade with China. This realignment of the Republican Party's trade policy is unprecedented in recent history, mirroring similar shifts in voter sentiment.

cnbc.com

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Dec 17, 04:10

Indonesia's Protectionist Policies Risk Backfiring, Economists Warn

Indonesia's rejection of a $100 million Apple investment proposal in favor of a $1 billion demand, coupled with its strict local content requirements, is drawing criticism from economists who warn of potential negative impacts on foreign direct investment and long-term economic growth, contrasting w...

Indonesia's Protectionist Policies Risk Backfiring, Economists Warn

Indonesia's rejection of a $100 million Apple investment proposal in favor of a $1 billion demand, coupled with its strict local content requirements, is drawing criticism from economists who warn of potential negative impacts on foreign direct investment and long-term economic growth, contrasting w...

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How do Indonesia's local content policies compare to those of other Southeast Asian nations, such as Vietnam, and what are the underlying reasons for their differing levels of success in attracting foreign investment?

Indonesia's protectionist policies, including local content requirements and tariffs, are intended to protect local industries and attract foreign direct investment (FDI). However, economists argue this approach is counterproductive, citing the withdrawal of companies like Foxconn and Tesla due to these policies. Instead of attracting investment, these tactics may create uncertainty and damage Indonesia's investment climate.

elpais.com

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Dec 15, 10:07

Trump's Tariff Threat Shakes Mexican Economy

President-elect Trump's threat to impose a 25% tariff on Mexican imports if Mexico doesn't control migration and drug trafficking has sparked concerns among Mexican businesses, given that over 82% of Mexico's exports go to the US, exceeding \$424 billion from January to October 2024.

Trump's Tariff Threat Shakes Mexican Economy

President-elect Trump's threat to impose a 25% tariff on Mexican imports if Mexico doesn't control migration and drug trafficking has sparked concerns among Mexican businesses, given that over 82% of Mexico's exports go to the US, exceeding \$424 billion from January to October 2024.

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How might the threatened tariffs impact the USMCA and future trade relations between Mexico and the US?

The threatened tariffs contradict the USMCA, a trilateral trade agreement celebrating its 30th anniversary. This protectionist stance will likely force a more contentious review of the agreement in June 2026, impacting businesses on both sides of the border.

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.

bbc.com

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Dec 19, 04:09

France Threatens to Block EU-Mercosur Trade Deal

A massive trade deal between the EU and four South American countries is facing major opposition in France, due to concerns that it will harm the French farming sector, potentially leading to a blockage of the deal unless at least three other EU countries representing at least 35% of the EU populati...

France Threatens to Block EU-Mercosur Trade Deal

A massive trade deal between the EU and four South American countries is facing major opposition in France, due to concerns that it will harm the French farming sector, potentially leading to a blockage of the deal unless at least three other EU countries representing at least 35% of the EU populati...

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What are the broader implications of the deal for the EU, and how do different stakeholders' perspectives differ on its potential impacts?

France's opposition stems from fears of increased competition from South American agricultural products, particularly beef, chicken, and sugar. While proponents argue the deal's benefits outweigh the costs, citing limited market liberalization and opportunities for reform, critics like French farmers emphasize the potential for devastating impacts on their sector and the broader countryside. The deal's fate hinges on securing support from at least three other EU member states representing at least 35% of the EU population.

repubblica.it

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Dec 16, 13:10

ECB Uncertainty, Italian Bank Gains, and Bitcoin Surge

ECB vice president Luis de Guindos highlighted uncertainty about future interest rates due to geopolitical risks and potential protectionism, while Italian banks saw positive trading, with Bper leading at 1.9% gains amidst ongoing merger speculation. Bitcoin briefly topped \$106,000.

ECB Uncertainty, Italian Bank Gains, and Bitcoin Surge

ECB vice president Luis de Guindos highlighted uncertainty about future interest rates due to geopolitical risks and potential protectionism, while Italian banks saw positive trading, with Bper leading at 1.9% gains amidst ongoing merger speculation. Bitcoin briefly topped \$106,000.

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What are the key factors driving uncertainty regarding the ECB's interest rate policy, and what are the immediate implications for the European economy?

The European Central Bank (ECB) vice president, Luis de Guindos, stated the uncertainty surrounding interest rate trajectory is high, citing geopolitical risks and potential protectionist trade policies as major factors. Simultaneously, Italian banks experienced a positive trading session, with Bper leading gains at 1.9%.

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.

Showing 529 to 540 of 556 results