Tag #Protectionism

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africa.chinadaily.com.cn

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Feb 12, 04:11

China's Foreign Trade Hits Record High Amidst Global Headwinds

Despite global challenges, China's 2024 foreign trade hit a record 43.85 trillion yuan (5 percent growth), boosted by high-value exports (EVs +13.1 percent, 3D printers +32.8 percent, industrial robots +45.2 percent) and strategic market diversification into regions like Central and Eastern Europe.

China's Foreign Trade Hits Record High Amidst Global Headwinds

Despite global challenges, China's 2024 foreign trade hit a record 43.85 trillion yuan (5 percent growth), boosted by high-value exports (EVs +13.1 percent, 3D printers +32.8 percent, industrial robots +45.2 percent) and strategic market diversification into regions like Central and Eastern Europe.

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What is the overall impact of China's proactive adaptation strategies on its foreign trade performance in 2024?

China's foreign trade grew 5 percent in 2024 to a record 43.85 trillion yuan, driven by increased exports of high-value goods like electric vehicles (+13.1 percent), 3D printers (+32.8 percent), and industrial robots (+45.2 percent). This growth reflects companies' strategic adjustments, including expanding into new markets and investing in R&D.

usa.chinadaily.com.cn

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Feb 12, 04:12

China's Foreign Trade Hits Record High Amidst Global Challenges

Despite global trade challenges, China's foreign trade reached a record high of 43.85 trillion yuan in 2024, with a 5 percent year-on-year increase driven by high-value exports and market diversification, as companies expanded into new markets and invested in R&D to counter protectionism and geopoli...

China's Foreign Trade Hits Record High Amidst Global Challenges

Despite global trade challenges, China's foreign trade reached a record high of 43.85 trillion yuan in 2024, with a 5 percent year-on-year increase driven by high-value exports and market diversification, as companies expanded into new markets and invested in R&D to counter protectionism and geopoli...

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How are Chinese companies responding to rising protectionism and geopolitical tensions?

Chinese companies are actively countering protectionism by diversifying export markets and investing in R&D. For example, Narwal expanded its export markets from under 10 to over 30 in a year, while Zhejiang Yueli Electrical saw a 39.2 percent increase in hair dryer exports to Central and Eastern Europe. This diversification strategy is a direct response to challenges such as US tariffs and the Russia-Ukraine conflict.

bbc.com

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Feb 12, 13:16

Trump's Tariffs: Economic Harm Despite Claims of Benefit

Donald Trump's tariff policies, contrary to his claims, are widely considered by economists to harm the US economy, based on historical examples and the principles of free trade, while benefiting only a few African nations.

Trump's Tariffs: Economic Harm Despite Claims of Benefit

Donald Trump's tariff policies, contrary to his claims, are widely considered by economists to harm the US economy, based on historical examples and the principles of free trade, while benefiting only a few African nations.

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How do economists explain the US trade deficit, and why do they disagree with Trump's approach to addressing it?

Economists argue that America's trade deficit stems from its high consumption and borrowing, not unfair trade practices. Free trade, by allowing countries to specialize in efficient production, increases overall output and benefits all participants. Trump's tariffs, however, disrupt this system, leading to retaliatory measures and harming American businesses.

german.china.org.cn

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Feb 12, 13:17

US Imposes Steel, Iron, Aluminum Tariffs, Sparking Global Trade War Fears

US President Donald Trump signed an executive order on Monday imposing 25% tariffs on steel, iron, and aluminum imports, escalating global trade war risks and prompting retaliatory threats from Canada and the European Union, despite the US aiming to boost domestic production and jobs.

US Imposes Steel, Iron, Aluminum Tariffs, Sparking Global Trade War Fears

US President Donald Trump signed an executive order on Monday imposing 25% tariffs on steel, iron, and aluminum imports, escalating global trade war risks and prompting retaliatory threats from Canada and the European Union, despite the US aiming to boost domestic production and jobs.

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What are the long-term implications of this protectionist trade policy for the US economy and global trade?

The imposition of these tariffs will likely trigger retaliatory measures from affected countries, leading to a decline in global trade and economic growth. The lack of technological advancement in the US steel and iron industry suggests that even with tariffs, long-term competitiveness remains a significant challenge. This protectionist approach may ultimately harm US consumers and businesses more than it helps the domestic steel sector.

edition.cnn.com

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Feb 11, 04:08

Trump Reinstates 25% Tariff on Steel and Aluminum Imports

President Trump reinstated a 25% tariff on all steel and aluminum imports into the US on Monday, aiming to counter China's indirect influence on the US steel market by closing loopholes in previous tariffs and preventing circumvention through third-party countries and mislabeling, despite American s...

Trump Reinstates 25% Tariff on Steel and Aluminum Imports

President Trump reinstated a 25% tariff on all steel and aluminum imports into the US on Monday, aiming to counter China's indirect influence on the US steel market by closing loopholes in previous tariffs and preventing circumvention through third-party countries and mislabeling, despite American s...

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What are the immediate economic consequences of President Trump's renewed 25% tariff on steel and aluminum imports?

President Trump reinstated a 25% tariff on all steel and aluminum imports into the United States, aiming to curb imports and boost domestic production. While the US imports little steel directly from China, the tariffs indirectly target China by preventing circumvention through third-party countries and mislabeling. This action follows previous tariffs imposed during his first term and continued by the Biden administration.

welt.de

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Feb 11, 04:08

Trump Imposes 25% Tariffs on Steel and Aluminum Imports

President Trump imposed 25% tariffs on steel and aluminum imports, with a potential exception for Australia, citing attacks on American industries and hinting at further tariffs on other goods. The tariffs, which may begin March 4th, add to existing global market instability.

Trump Imposes 25% Tariffs on Steel and Aluminum Imports

President Trump imposed 25% tariffs on steel and aluminum imports, with a potential exception for Australia, citing attacks on American industries and hinting at further tariffs on other goods. The tariffs, which may begin March 4th, add to existing global market instability.

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What are the immediate economic impacts of Trump's steel and aluminum tariffs?

US President Donald Trump imposed 25% tariffs on steel and aluminum imports, with a potential exception for Australia due to a US trade surplus. He also hinted at additional tariffs on autos, pharmaceuticals, and computer chips, citing attacks from both friend and foe.

smh.com.au

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Feb 12, 04:12

Trump's Expanded Steel and Aluminum Tariffs: Broader Impact, Higher Stakes

President Trump's new tariffs on steel and aluminum imports into the US, applying a 25 percent rate to both metals from all countries and impacting key downstream products, mirror his 2018 actions but with broader consequences; the 2018 tariffs, while increasing steel industry profits and jobs, cost...

Trump's Expanded Steel and Aluminum Tariffs: Broader Impact, Higher Stakes

President Trump's new tariffs on steel and aluminum imports into the US, applying a 25 percent rate to both metals from all countries and impacting key downstream products, mirror his 2018 actions but with broader consequences; the 2018 tariffs, while increasing steel industry profits and jobs, cost...

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How did the design of the 2023 tariffs differ from the 2018 tariffs, and what are the potential implications of these differences for global trade relations?

The 2018 tariffs illustrate a pattern: protectionism benefits the protected sector but at the expense of consumers and related industries. While the US steel industry saw job growth and increased profits, these gains were offset by higher costs for steel users, highlighting the trade-offs inherent in protectionist policies. This cost was $650,000 per job created.

usa.chinadaily.com.cn

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Feb 12, 04:12

EU Threatens Retaliation Against US Tariffs on Steel and Aluminum

US President Trump's 25% tariff on steel and aluminum imports, effective immediately, has sparked strong opposition from the European Union, threatening retaliatory measures and potentially escalating into a trade war.

EU Threatens Retaliation Against US Tariffs on Steel and Aluminum

US President Trump's 25% tariff on steel and aluminum imports, effective immediately, has sparked strong opposition from the European Union, threatening retaliatory measures and potentially escalating into a trade war.

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How is the EU's response to the US tariffs shaping the broader context of international trade relations?

The EU's unified opposition highlights the potential for significant economic disruption. The tariffs threaten to raise prices and inflation, impacting businesses and consumers. Statements from German Chancellor Olaf Scholz and others underscore the EU's determination to act collectively.

german.china.org.cn

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Feb 12, 13:17

Trump's Steel and Aluminum Tariffs Spark Global Backlash

President Trump implemented a 25% tariff increase on all steel and aluminum imports, prompting international condemnation and threats of retaliatory measures from Canada, the EU, India, and China, who argue the move will harm consumers and businesses globally.

Trump's Steel and Aluminum Tariffs Spark Global Backlash

President Trump implemented a 25% tariff increase on all steel and aluminum imports, prompting international condemnation and threats of retaliatory measures from Canada, the EU, India, and China, who argue the move will harm consumers and businesses globally.

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What are the immediate economic consequences of President Trump's decision to increase steel and aluminum tariffs?

President Trump increased tariffs on all steel and aluminum imports by up to 25 percent, prompting criticism from governments worldwide. This action is expected to negatively impact businesses and consumers, including those in the U.S.

foxnews.com

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Feb 12, 22:20

Greer Advances in Senate Confirmation for USTR

Jamieson Greer, President Trump's nominee for U.S. Trade Representative, advanced from the Senate Finance Committee (15-12 vote) to the full Senate for confirmation; his confirmation hearing highlighted support for Trump's protectionist trade policies and pursuit of reciprocal trade agreements.

Greer Advances in Senate Confirmation for USTR

Jamieson Greer, President Trump's nominee for U.S. Trade Representative, advanced from the Senate Finance Committee (15-12 vote) to the full Senate for confirmation; his confirmation hearing highlighted support for Trump's protectionist trade policies and pursuit of reciprocal trade agreements.

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How does Greer's stance on tariffs and trade reciprocity align with President Trump's broader economic agenda?

Greer's confirmation comes amid new Trump tariffs on Mexico, China, and Canada. His confirmation hearing highlighted his support for these tariffs, citing their role in bolstering domestic manufacturing, supply chain resilience, and national security. He also advocated for a more balanced trade system with countries like Vietnam.

welt.de

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Feb 11, 04:08

Trump Reinstates Steel and Aluminum Tariffs

President Trump reinstated 25% tariffs on all steel and aluminum imports into the US, effective potentially March 4th, aiming to boost the American economy, despite concerns from the EU and Germany.

Trump Reinstates Steel and Aluminum Tariffs

President Trump reinstated 25% tariffs on all steel and aluminum imports into the US, effective potentially March 4th, aiming to boost the American economy, despite concerns from the EU and Germany.

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What are the potential long-term implications of this tariff decision for global trade and economic relations?

The re-imposition of tariffs could trigger a trade war, similar to past conflicts with the EU. The EU's response will be crucial, potentially leading to retaliatory tariffs on US products. The long-term economic consequences for both the US and its trading partners remain uncertain, especially considering the importance of the US market for European steel exports.

sueddeutsche.de

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Feb 11, 04:08

Trump Imposes 25% Tariffs on Steel and Aluminum Imports

President Trump imposed 25% tariffs on steel and aluminum imports into the US, potentially starting March 4th, causing concern in the EU and Germany, who may retaliate, echoing past trade disputes under Trump's first term.

Trump Imposes 25% Tariffs on Steel and Aluminum Imports

President Trump imposed 25% tariffs on steel and aluminum imports into the US, potentially starting March 4th, causing concern in the EU and Germany, who may retaliate, echoing past trade disputes under Trump's first term.

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What are the immediate economic consequences of President Trump's 25% tariffs on steel and aluminum imports?

President Trump imposed 25% tariffs on steel and aluminum imports into the U.S., claiming this will make America wealthy again. Although the exact implementation date is unclear, reports suggest March 4th as the start date. The EU and Germany expressed concerns about the impact on their export-oriented economies.

Showing 541 to 552 of 724 results