Tag #Protectionism

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elpais.com

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May 14, 10:10

USMCA Review Moved to 2025 Amidst Trade Tensions with Mexico Proposing New Rules of Origin

Facing President Trump's protectionist policies, the USMCA review is moved to 2025, prompting Mexico to propose new rules of origin to curb Chinese imports, potentially imposing tariffs from 5% to 20% on non-compliant products from countries without trade agreements with Mexico, safeguarding its aut...

USMCA Review Moved to 2025 Amidst Trade Tensions with Mexico Proposing New Rules of Origin

Facing President Trump's protectionist policies, the USMCA review is moved to 2025, prompting Mexico to propose new rules of origin to curb Chinese imports, potentially imposing tariffs from 5% to 20% on non-compliant products from countries without trade agreements with Mexico, safeguarding its aut...

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How does Mexico's proposed new rules of origin address concerns about Chinese imports into North America?

Mexico's strategy involves a detailed examination of USMCA's preferential access to identify products benefiting non-member countries, particularly China. New sector-specific rules of origin, potentially including automotive components, aim to increase the North American content of goods and protect Mexico's automotive industry. This is in response to accusations that the agreement facilitates Chinese goods entering the US market tariff-free.

dw.com

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May 14, 13:15

Trump Tariffs Trigger Billions in Losses, Threaten Global Trade

President Trump's tariffs have caused billions in losses via stock market crashes and threaten global trade, significantly impacting Germany's auto industry despite not being the largest US car exporter; this is due to the US being Germany's largest export market in 2024 (3.4 million vehicles).

Trump Tariffs Trigger Billions in Losses, Threaten Global Trade

President Trump's tariffs have caused billions in losses via stock market crashes and threaten global trade, significantly impacting Germany's auto industry despite not being the largest US car exporter; this is due to the US being Germany's largest export market in 2024 (3.4 million vehicles).

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What are the immediate economic consequences of President Trump's tariffs on the German auto industry and global trade?

Since Donald Trump's re-election, his trade policies, particularly tariffs, have caused billions in losses due to stock market crashes and threaten global trade. Germany, especially its auto industry, is significantly impacted, despite not being the largest exporter of cars to the US. This is because the US was Germany's biggest export market in 2024, with approximately 3.4 million vehicles exported.

aljazeera.com

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May 10, 01:10

US Tariffs Threaten Small Businesses' Survival

US President Trump's tariffs on Chinese goods are devastating small businesses that import products. Wild Rye, an outdoor apparel company, faces $1.2 million in tariffs on its latest import order, threatening to put the business out of operation. This is coupled with decreased economic growth, low c...

US Tariffs Threaten Small Businesses' Survival

US President Trump's tariffs on Chinese goods are devastating small businesses that import products. Wild Rye, an outdoor apparel company, faces $1.2 million in tariffs on its latest import order, threatening to put the business out of operation. This is coupled with decreased economic growth, low c...

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What are the long-term implications of the current tariff policies on small businesses, the US manufacturing sector, and consumer spending habits?

The long-term impact of these tariffs extends beyond individual businesses, potentially affecting consumer spending and economic growth. The decreased job growth (62,000 jobs added according to ADP, compared to 177,000 in the US Labor Department's report) and decreased consumer confidence indicate a broader economic slowdown. Furthermore, the difficulty in lowering prices even after costs decrease, as experienced during the pandemic, suggests an enduring negative impact on small businesses' profitability.

cnn.com

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May 9, 16:19

Trump Tariffs Reduce Product Variety in US Retail

President Trump's tariffs on imported goods, particularly the 145% tariff on Chinese products, are causing a significant reduction in product variety across US retail, impacting companies from small businesses to large corporations and leading to fewer choices for consumers.

Trump Tariffs Reduce Product Variety in US Retail

President Trump's tariffs on imported goods, particularly the 145% tariff on Chinese products, are causing a significant reduction in product variety across US retail, impacting companies from small businesses to large corporations and leading to fewer choices for consumers.

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What is the immediate impact of President Trump's tariffs on US consumers' access to goods?

President Trump's 10% universal tariff on imported goods, with higher rates for certain products and a 145% tariff on Chinese goods, is significantly reducing product variety in US stores and online. Companies are canceling product lines from China due to high tariffs, leading to fewer choices for consumers in various product categories such as shoes, toys, and baby gear.

africa.chinadaily.com.cn

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May 9, 04:15

China-EU Trade Soars, Countering US Protectionism

Amidst rising US protectionism, China and the EU's Q1 2024 trade reached $179.6 billion, up 1.4% year-on-year, highlighting their cooperation to counter US tariffs and stabilize the global economy; a new e-commerce freight train route further strengthens ties.

China-EU Trade Soars, Countering US Protectionism

Amidst rising US protectionism, China and the EU's Q1 2024 trade reached $179.6 billion, up 1.4% year-on-year, highlighting their cooperation to counter US tariffs and stabilize the global economy; a new e-commerce freight train route further strengthens ties.

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What is the immediate economic impact of the growing China-EU partnership in the face of US tariffs?

Faced with rising US protectionism, China and the EU's trade totaled $179.6 billion in Q1 2024, a 1.4% year-on-year increase, signifying robust economic interdependence. This collaboration counters US tariffs disrupting global trade and offers economic stability. A new China-Europe e-commerce freight train route launched in April further strengthens ties.

global.chinadaily.com.cn

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May 8, 13:20

ASEAN strengthens ties with BRICS amid rising global protectionism

ASEAN is strengthening its partnership with BRICS amid rising US trade barriers and global protectionism, with Malaysian Foreign Minister Mohamad Hasan advocating for the Global South to reshape international cooperation, highlighting ASEAN's $3.8 trillion GDP as a significant asset in this endeavor...

ASEAN strengthens ties with BRICS amid rising global protectionism

ASEAN is strengthening its partnership with BRICS amid rising US trade barriers and global protectionism, with Malaysian Foreign Minister Mohamad Hasan advocating for the Global South to reshape international cooperation, highlighting ASEAN's $3.8 trillion GDP as a significant asset in this endeavor...

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How does Malaysia's role as ASEAN chair and a BRICS partner contribute to the strengthening of South-South cooperation?

The shift towards South-South cooperation between ASEAN and BRICS is driven by a perceived instability and unreliability of the current world economic order, characterized by rising protectionism and trade barriers. Mohamad Hasan's statement points to a strategic repositioning of ASEAN, leveraging its economic strength to influence global cooperation and promote a more inclusive system. This reflects a broader trend of developing nations seeking alternatives to Western-dominated institutions.

europe.chinadaily.com.cn

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May 14, 04:12

China's Commitment to Multilateral Trade Amidst Global Protectionism

In Geneva, WTO Director-General Ngozi Okonjo-Iweala and Chinese Vice-Premier He Lifeng affirmed China's commitment to multilateral trade, highlighting China's April import/export value of $534.03 billion and its active role in WTO reforms amidst global protectionist trends.

China's Commitment to Multilateral Trade Amidst Global Protectionism

In Geneva, WTO Director-General Ngozi Okonjo-Iweala and Chinese Vice-Premier He Lifeng affirmed China's commitment to multilateral trade, highlighting China's April import/export value of $534.03 billion and its active role in WTO reforms amidst global protectionist trends.

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How does China's participation in initiatives like RCEP and its advocacy for emerging economies demonstrate its commitment to multilateralism?

China's active role in WTO reforms, including support for dispute resolution and inclusive trade initiatives, counters protectionist trends. This commitment is demonstrated by China's participation in the Regional Comprehensive Economic Partnership (RCEP) and its advocacy for policy space for emerging economies. China's consistent adherence to WTO principles of nondiscrimination, free trade, and fair competition further solidifies its position.

elpais.com

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May 11, 10:10

Exploiting US Economic Vulnerabilities to Counter Trump's Trade Policies

The article analyzes the vulnerabilities of the US economy exposed by Trump's trade policies, suggesting that coordinated retaliatory tariffs by other countries, particularly targeting key export sectors, could effectively pressure the US to reverse its protectionist stance.

Exploiting US Economic Vulnerabilities to Counter Trump's Trade Policies

The article analyzes the vulnerabilities of the US economy exposed by Trump's trade policies, suggesting that coordinated retaliatory tariffs by other countries, particularly targeting key export sectors, could effectively pressure the US to reverse its protectionist stance.

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How did Trump's response to pressure from his billionaire friends reveal a weakness in his trade policy?

Trump's aggressive trade policies, while seemingly strong, revealed a fundamental weakness: he yielded to pressure when his billionaire friends' interests were threatened. This vulnerability can be exploited by coordinated international action.

theglobeandmail.com

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May 9, 16:19

Trump's Protectionist Stance on Canada Highlights Trade Tensions

During a meeting with Canadian Prime Minister Mark Carney, President Trump reiterated his desire to reduce U.S. reliance on Canadian imports, aiming for increased domestic production, while the stock market's reaction suggests investor skepticism toward this protectionist stance, highlighting potent...

Trump's Protectionist Stance on Canada Highlights Trade Tensions

During a meeting with Canadian Prime Minister Mark Carney, President Trump reiterated his desire to reduce U.S. reliance on Canadian imports, aiming for increased domestic production, while the stock market's reaction suggests investor skepticism toward this protectionist stance, highlighting potent...

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What are the immediate implications of President Trump's trade statements for U.S.-Canada relations?

President Trump's recent meeting with Canadian Prime Minister Mark Carney highlighted conflicting views on trade. Trump expressed a desire for the U.S. to reduce reliance on Canadian imports, particularly cars, steel, and aluminum, while Carney likely emphasized the importance of free trade between the two nations. The stock market's reaction suggests investors believe Trump's protectionist rhetoric may not translate into long-term policy.

europe.chinadaily.com.cn

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May 9, 04:15

China-EU Trade Soars Amidst US Tariffs

China and the EU's first-quarter trade hit $179.6 billion, up 1.4 percent year-on-year, showcasing their growing economic partnership as a counterweight to US protectionism and a stabilizing force for the global economy.

China-EU Trade Soars Amidst US Tariffs

China and the EU's first-quarter trade hit $179.6 billion, up 1.4 percent year-on-year, showcasing their growing economic partnership as a counterweight to US protectionism and a stabilizing force for the global economy.

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What is the significance of the growing economic cooperation between China and the European Union in the context of rising US protectionism?

Facing rising US protectionism, China and the EU's Q1 trade reached $179.6 billion, a 1.4% year-on-year increase, highlighting their economic interdependence and shared interest in preserving the rules-based global order. This robust trade relationship, exceeding 10 million yuan in activity per minute, demonstrates a practical counterweight to US tariffs.

europe.chinadaily.com.cn

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May 8, 13:20

ASEAN Strengthens Ties with BRICS Amid Rising Protectionism

ASEAN is strengthening its cooperation with BRICS in response to rising US trade barriers and global protectionism, leveraging its $3.8 trillion GDP and diplomatic influence to reshape international cooperation and create a more just world order, as stated by Malaysian Foreign Minister Mohamad Hasan...

ASEAN Strengthens Ties with BRICS Amid Rising Protectionism

ASEAN is strengthening its cooperation with BRICS in response to rising US trade barriers and global protectionism, leveraging its $3.8 trillion GDP and diplomatic influence to reshape international cooperation and create a more just world order, as stated by Malaysian Foreign Minister Mohamad Hasan...

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What are the key drivers behind ASEAN's increased cooperation with BRICS?

ASEAN, chaired by Malaysia, is strengthening its ties with BRICS, driven by rising US trade barriers and global protectionism. Malaysian Foreign Minister Mohamad Hasan emphasized the need for the Global South to lead in reshaping international cooperation, highlighting ASEAN's economic strengths and diplomatic openness as key assets. This collaboration aims to create a more inclusive and just world order.

lefigaro.fr

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May 7, 13:17

Montebourg Urges Increased Industrial Protectionism for France

Former French Economy Minister Arnaud Montebourg urged increased industrial protectionism, including state intervention, citing potential job losses in the automotive sector and advocating for a sovereign wealth fund to support French industry.

Montebourg Urges Increased Industrial Protectionism for France

Former French Economy Minister Arnaud Montebourg urged increased industrial protectionism, including state intervention, citing potential job losses in the automotive sector and advocating for a sovereign wealth fund to support French industry.

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How do Montebourg's proposals relate to broader trends in global economic policy and national industrial strategies?

Montebourg's proposal reflects a broader trend of nations prioritizing economic security and industrial independence. His call for state intervention, a sovereign wealth fund, and extended loan repayment periods (due to the difficulties faced by businesses with the PGE) highlights concerns about global competition and the need for proactive government support.

Showing 49 to 60 of 724 results