Tag #Tariffs

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cnnespanol.cnn.com

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Aug 25, 01:16

US Tariff Change Halts International Postal Shipments

International postal services are suspending shipments to the US following the expiration of a tariff exemption for small packages, impacting e-commerce businesses and consumers; over 1.36 billion packages were processed under the previous system.

US Tariff Change Halts International Postal Shipments

International postal services are suspending shipments to the US following the expiration of a tariff exemption for small packages, impacting e-commerce businesses and consumers; over 1.36 billion packages were processed under the previous system.

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How will the increased costs associated with the new tariff regulations affect consumers and different-sized businesses?

The elimination of the de minimis exemption, allowing packages under $800 to enter the US tariff-free, directly impacts e-commerce giants and smaller vendors. This follows a May suspension of the exemption for packages from China and Hong Kong, leading to increased costs and disruptions to supply chains. Many postal services are temporarily suspending shipments to the US to adapt to the new regulations.

usa.chinadaily.com.cn

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Aug 25, 07:18

US Imposes 40% Tariff on Transshipped Goods

The US government implemented a 40 percent tariff on goods transshipped through multiple countries to evade higher tariffs, impacting importers and potentially reshaping global supply chains; the de minimis exemption for low-cost parcels is also ending.

US Imposes 40% Tariff on Transshipped Goods

The US government implemented a 40 percent tariff on goods transshipped through multiple countries to evade higher tariffs, impacting importers and potentially reshaping global supply chains; the de minimis exemption for low-cost parcels is also ending.

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Responsible Consumption and Production

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What are the immediate economic consequences of the 40 percent penalty on transshipped goods entering the US?

The US has imposed a 40 percent penalty on transshipments, goods entering the US through multiple countries to avoid higher tariffs. This impacts importers significantly, as Customs and Border Protection will strictly enforce origin verification. The Department of Justice is establishing a new office to prosecute tariff evasion criminally.

theglobeandmail.com

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Aug 25, 04:15

Canada to Lift Most Retaliatory Tariffs on US Goods

Canada will lift most retaliatory tariffs on US goods from September 1st, aiming to lower consumer prices, although a "buy Canada" movement might limit the impact; countertariffs on steel, aluminum, and autos remain.

Canada to Lift Most Retaliatory Tariffs on US Goods

Canada will lift most retaliatory tariffs on US goods from September 1st, aiming to lower consumer prices, although a "buy Canada" movement might limit the impact; countertariffs on steel, aluminum, and autos remain.

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What is the immediate impact of Canada's decision to lift most retaliatory tariffs on American goods?

Canada will lift most retaliatory tariffs on American goods starting Sept. 1, potentially lowering prices for consumers. However, the impact may be limited due to a sustained "buy Canada" movement. Countertariffs on steel, aluminum, and autos remain.

usa.chinadaily.com.cn

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Aug 25, 04:16

BRI: A Long-Term Development Solution Amidst Global Tariff Wars

China's Belt and Road Initiative (BRI) offers a long-term development solution for the Global South, exemplified by infrastructure projects in Nigeria that are improving logistics and boosting economic growth amidst a global tariff war initiated by the US in 2018 and intensified in 2024, potentially...

BRI: A Long-Term Development Solution Amidst Global Tariff Wars

China's Belt and Road Initiative (BRI) offers a long-term development solution for the Global South, exemplified by infrastructure projects in Nigeria that are improving logistics and boosting economic growth amidst a global tariff war initiated by the US in 2018 and intensified in 2024, potentially...

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How do BRI projects address the challenges posed by global supply chain disruptions and rising protectionism?

BRI projects focus on fundamental infrastructure development, including ports, railways, and digital links, which increase total factor productivity. In Nigeria, BRI-aligned projects have addressed longstanding logistics bottlenecks, reducing travel times and improving port access, thus enabling lower costs for producers and facilitating participation in global value chains. Well-executed infrastructure investments can boost growth by approximately 2 percentage points annually, while also reducing inequality.

french.china.org.cn

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Aug 24, 01:16

European Postal Services Halt US Shipments Due to New Customs Regulations

European postal operators suspended US parcel shipments due to new US customs regulations eliminating the \$800 duty-free import rule, causing uncertainty and increased costs; DHL, La Poste, and others temporarily halted services, impacting businesses relying on affordable shipping.

European Postal Services Halt US Shipments Due to New Customs Regulations

European postal operators suspended US parcel shipments due to new US customs regulations eliminating the \$800 duty-free import rule, causing uncertainty and increased costs; DHL, La Poste, and others temporarily halted services, impacting businesses relying on affordable shipping.

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How did the lack of clarity and preparation time from US Customs contribute to the suspension of postal services to the US?

This suspension highlights the lack of clarity and preparation time from US Customs. The absence of clear procedures regarding customs fee collection, data submission, and cooperation with US authorities caused widespread uncertainty among European postal operators, including La Poste in France and Ceska Posta in the Czech Republic. This uncertainty, coupled with the lack of time to update IT systems, led to temporary suspensions to avoid significant delays and unreliable deliveries.

cnn.com

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Aug 24, 22:14

International Postal Services Halt US Shipments After Tariff Exemption Expires

International postal services are suspending shipments to the United States following the expiration of a tariff exemption on small packages, impacting e-commerce businesses and consumers.

International Postal Services Halt US Shipments After Tariff Exemption Expires

International postal services are suspending shipments to the United States following the expiration of a tariff exemption on small packages, impacting e-commerce businesses and consumers.

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What is the immediate impact of the expiring de minimis exemption on international postal services and small businesses selling goods to US consumers?

The elimination of the $800 de minimis exemption for international shipments to the US, effective August 25th, is causing major disruptions. Numerous international postal services, including DHL, Austrian Post, SingPost, and India Post, are temporarily suspending shipments to the US due to the increased complexity and cost of customs procedures. This directly impacts small businesses and consumers relying on affordable international goods.

dailymail.co.uk

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Aug 25, 22:18

Trump's Tariff Threat Risks Further US Car Price Increases

President Trump's threat to impose a 200 percent tariff on Chinese rare earth magnets, crucial for US car manufacturing, risks further price increases for vehicles and related services, echoing the impact of the 2021-2023 computer chip shortage that significantly increased car prices. The action com...

Trump's Tariff Threat Risks Further US Car Price Increases

President Trump's threat to impose a 200 percent tariff on Chinese rare earth magnets, crucial for US car manufacturing, risks further price increases for vehicles and related services, echoing the impact of the 2021-2023 computer chip shortage that significantly increased car prices. The action com...

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What are the immediate economic consequences of President Trump's threat to impose higher tariffs on Chinese rare earth magnets?

President Trump's threat to impose a 200 percent tariff on Chinese rare earth magnets could significantly increase car prices in the US. American automakers rely on China for these magnets, and a trade disruption would lead to production halts and shortages, similar to the 2021-2023 computer chip shortage that drove up car prices by $10,000.

africa.chinadaily.com.cn

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Aug 25, 07:18

Plummeting US Soybean Exports to China Amidst Trade Tensions

The US soybean industry faces a dire situation as exports to China plummet to 44.6 percent of total exports in 2024, down from 62.4 percent in 2011; China currently has zero new crop export orders for the 2025-26 marketing year, leaving US soybean farmers facing financial crisis and urging for a tra...

Plummeting US Soybean Exports to China Amidst Trade Tensions

The US soybean industry faces a dire situation as exports to China plummet to 44.6 percent of total exports in 2024, down from 62.4 percent in 2011; China currently has zero new crop export orders for the 2025-26 marketing year, leaving US soybean farmers facing financial crisis and urging for a tra...

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No Poverty

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How have escalating trade tensions and tariff policies contributed to the decline in US soybean exports to China?

Escalating trade tensions and increased tariffs imposed by both the US and China have significantly disrupted the US-China soybean trade partnership. Chinese importers have shifted to Brazilian suppliers, resulting in an 11.4 percent year-on-year drop in US soybean imports to China in July 2024. This shift reflects the sensitivity of agricultural trade to geopolitical factors and tariff policies.

usa.chinadaily.com.cn

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Aug 25, 07:17

Plummeting US Soybean Exports to China Amidst Trade Tensions

US soybean exports to China have plummeted to 10.2 percent committed sales as of mid-August 2024, their second-lowest level in two decades, primarily due to escalating trade tensions and increased tariffs, causing significant financial stress on US soybean farmers who are urging the White House to s...

Plummeting US Soybean Exports to China Amidst Trade Tensions

US soybean exports to China have plummeted to 10.2 percent committed sales as of mid-August 2024, their second-lowest level in two decades, primarily due to escalating trade tensions and increased tariffs, causing significant financial stress on US soybean farmers who are urging the White House to s...

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Zero Hunger

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What is the current state of US soybean exports to China, and what are the primary causes for the observed decline?

US soybean exports to China have fallen sharply, reaching their second-lowest level in nearly 20 years at 10.2 percent committed sales as of mid-August. This decline is largely due to escalating trade tensions and increased tariffs, causing Chinese importers to shift towards Brazilian suppliers. The American Soybean Association has urged the White House to secure a deal to remove tariffs and increase soybean purchases to alleviate the financial stress on US farmers.

cnn.com

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Aug 24, 16:14

US Tariffs: Consumers, Not Foreign Entities, Bear the Brunt of the Cost

Despite President Trump's claims, economic data shows American consumers and businesses are absorbing the majority of costs from tariffs, with estimates suggesting 70% of costs will eventually fall on consumers, potentially reaching 100% if including indirect effects. This slow pass-through is due t...

US Tariffs: Consumers, Not Foreign Entities, Bear the Brunt of the Cost

Despite President Trump's claims, economic data shows American consumers and businesses are absorbing the majority of costs from tariffs, with estimates suggesting 70% of costs will eventually fall on consumers, potentially reaching 100% if including indirect effects. This slow pass-through is due t...

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What evidence contradicts President Trump's claim that foreign countries and businesses are absorbing the cost of US tariffs?

Contrary to President Trump's claims, economic data indicates that US consumers and businesses, not foreign entities, are primarily bearing the cost of tariffs. Import prices have remained relatively stable, suggesting that importers are passing on tariff costs. Goldman Sachs estimates that 70% of tariff costs will eventually fall on consumers, potentially rising to 100% including indirect effects.

dailymail.co.uk

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Aug 24, 04:13

Global Postal Services Halt US Shipments Amid Trump Tariffs

International postal services are suspending shipments to the US due to President Trump's new tariffs eliminating the de minimis exemption for packages under $800, impacting numerous countries and potentially increasing consumer prices.

Global Postal Services Halt US Shipments Amid Trump Tariffs

International postal services are suspending shipments to the US due to President Trump's new tariffs eliminating the de minimis exemption for packages under $800, impacting numerous countries and potentially increasing consumer prices.

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What are the immediate consequences of President Trump's new tariffs on international postal services and global trade?

International postal services are suspending shipments to the United States due to President Trump's new tariffs eliminating the de minimis exemption for packages under $800. This impacts numerous countries, including France, Austria, Singapore, the UK, Germany, Denmark, Sweden, Italy, South Korea, and Australia, causing significant disruptions to international trade and potentially impacting consumers.

fr.euronews.com

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Aug 24, 19:18

Von der Leyen Defends EU-US Trade Deal, Emphasizing Tariff Cap and Diversification

EU Commission President Ursula von der Leyen defended the EU-US trade deal, stating it prevented a trade war, capped US tariffs at 15% on various EU goods, and that further trade agreements are being pursued with other countries to diversify markets.

Von der Leyen Defends EU-US Trade Deal, Emphasizing Tariff Cap and Diversification

EU Commission President Ursula von der Leyen defended the EU-US trade deal, stating it prevented a trade war, capped US tariffs at 15% on various EU goods, and that further trade agreements are being pursued with other countries to diversify markets.

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What were the immediate consequences of the EU-US trade agreement, and how did it impact transatlantic relations?

Ursula von der Leyen defended the EU-US trade deal, arguing it prevented a trade war between the allies. She highlighted that a trade war would have benefited only Moscow and Beijing. The deal capped US tariffs on various EU goods at 15%.

Showing 133 to 144 of 4,097 results