Tag #Tariffs

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nrc.nl

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Apr 9, 13:20

Trump's Import Tariffs Face Backlash from High-Profile Republican Allies

Prominent US billionaires Bill Ackman, Stanley Druckenmiller, and Ken Langone, previously strong Trump supporters, have publicly condemned his new import tariffs, warning of potentially catastrophic economic consequences and urging a policy reversal before their April 9th implementation.

Trump's Import Tariffs Face Backlash from High-Profile Republican Allies

Prominent US billionaires Bill Ackman, Stanley Druckenmiller, and Ken Langone, previously strong Trump supporters, have publicly condemned his new import tariffs, warning of potentially catastrophic economic consequences and urging a policy reversal before their April 9th implementation.

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What are the potential long-term implications of these import tariffs for US-China trade relations and the global economy?

The shift in opinion from these traditionally pro-Trump figures signals a growing apprehension about the economic ramifications of the administration's trade policies. The criticism could lead to pressure on Trump to reconsider or adjust his approach to tariffs, potentially impacting future trade relations and economic growth. The swift and significant negative reactions indicate a potentially larger-than-expected economic fallout.

nrc.nl

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Apr 9, 19:19

US Auto Tariffs Trigger Immediate Global Supply Chain Disruptions

The US imposed import tariffs on automobiles, causing major automakers like Audi, Jaguar Land Rover, and Aston Martin to halt US exports and Stellantis to temporarily close plants, laying off 900 workers; container bookings to the US dropped 67 percent, indicating significant disruptions to global s...

US Auto Tariffs Trigger Immediate Global Supply Chain Disruptions

The US imposed import tariffs on automobiles, causing major automakers like Audi, Jaguar Land Rover, and Aston Martin to halt US exports and Stellantis to temporarily close plants, laying off 900 workers; container bookings to the US dropped 67 percent, indicating significant disruptions to global s...

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How do the imposed tariffs affect global supply chains and what are the potential broader implications for international trade?

The automotive sector's response to US tariffs serves as a microcosm of potential broader economic effects. Reduced exports and plant closures demonstrate the immediate consequences, while confusion over tariffs on auto parts further underscores the complexity and uncertainty. The resulting price increases could reach thousands of dollars per vehicle, depending on manufacturer pricing strategies.

npr.org

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Apr 9, 13:20

Bipartisan Bill Seeks to Curb Presidential Tariff Power

Senators Cantwell and Grassley introduced a bipartisan bill requiring President Trump to notify Congress within 48 hours of imposing tariffs, with Congress having 60 days to approve; Trump threatened a veto, while the bill has uncertain prospects in the House due to slim Republican support.

Bipartisan Bill Seeks to Curb Presidential Tariff Power

Senators Cantwell and Grassley introduced a bipartisan bill requiring President Trump to notify Congress within 48 hours of imposing tariffs, with Congress having 60 days to approve; Trump threatened a veto, while the bill has uncertain prospects in the House due to slim Republican support.

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What level of bipartisan support exists for the bill, and what are the prospects for its passage through both chambers of Congress?

The bill reflects concerns about the economic fallout from President Trump's tariffs, impacting consumers and retirement savings. The senators argue Congress has constitutional trade authority, citing constituent complaints about increased costs. Seven Republicans joined as co-sponsors, indicating bipartisan concern.

euronews.com

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Apr 9, 19:19

Porsche Sales Plunge 8% in Q1 2025 Amidst Cybersecurity Issues and Market Challenges

Porsche's first-quarter 2025 global deliveries fell 8% to 71,470 units, with sharp declines in China (-42%, 9,471 units) and Europe (-10%, 18,017 units excluding Germany), partly due to the discontinuation of models failing to meet EU cybersecurity laws; North American sales, however, grew by 37% (2...

Porsche Sales Plunge 8% in Q1 2025 Amidst Cybersecurity Issues and Market Challenges

Porsche's first-quarter 2025 global deliveries fell 8% to 71,470 units, with sharp declines in China (-42%, 9,471 units) and Europe (-10%, 18,017 units excluding Germany), partly due to the discontinuation of models failing to meet EU cybersecurity laws; North American sales, however, grew by 37% (2...

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What were the key factors contributing to Porsche's significant decline in global sales during the first quarter of 2025?

Porsche's first-quarter 2025 sales plunged 8% globally to 71,470 units, driven by a 42% drop in Chinese sales (9,471 units) and a 10% decrease in European sales (excluding Germany, 18,017 units). German sales plummeted by 34% to 7,495 units. This decline is partly due to the discontinuation of certain models in the EU that did not meet cybersecurity regulations.

hu.euronews.com

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Apr 9, 19:19

EU to Impose 25% Tariffs on $13.5 Billion of US Exports

The European Union plans to impose up to 25% tariffs on $13.5 billion worth of US exports, including soybeans, meat, and steel, starting April 15th, 2024, potentially escalating trade tensions with the US.

EU to Impose 25% Tariffs on $13.5 Billion of US Exports

The European Union plans to impose up to 25% tariffs on $13.5 billion worth of US exports, including soybeans, meat, and steel, starting April 15th, 2024, potentially escalating trade tensions with the US.

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What are the key products and projected financial impacts of the EU's proposed tariffs on US exports?

The European Commission is considering imposing tariffs of up to 25 percent on a wide range of US exports, totaling approximately €22.1 billion based on 2024 EU imports. These tariffs, impacting agricultural and industrial goods like soybeans, meat, and steel, will be implemented in phases starting April 15th, 2024.

t24.com.tr

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Apr 9, 19:19

EU Imposes €21 Billion in Tariffs on US Goods

The European Union imposed €21 billion in tariffs on US goods, starting April 15th, in retaliation for US tariffs on metal products, impacting various goods including soybeans and orange juice, while excluding American whiskey; this follows similar actions by China.

EU Imposes €21 Billion in Tariffs on US Goods

The European Union imposed €21 billion in tariffs on US goods, starting April 15th, in retaliation for US tariffs on metal products, impacting various goods including soybeans and orange juice, while excluding American whiskey; this follows similar actions by China.

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What is the immediate impact of the EU's decision to impose €21 billion in tariffs on US goods?

The European Union has imposed €21 billion in tariffs on US goods in retaliation for US tariffs on metal products. This follows similar retaliatory tariffs imposed by China. The EU's tariffs will take effect on April 15th, impacting various goods from soybeans to orange juice, though American whiskey was excluded.

dw.com

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Apr 9, 19:19

EU Imposes Retaliatory Tariffs on US Goods

The EU implemented retaliatory tariffs ranging from 10% to 25% on various US goods, including jeans, motorcycles, and agricultural products, in response to US tariffs on steel and aluminum, with further tariffs planned for May and December, while excluding whiskey due to lobbying and prioritizing ne...

EU Imposes Retaliatory Tariffs on US Goods

The EU implemented retaliatory tariffs ranging from 10% to 25% on various US goods, including jeans, motorcycles, and agricultural products, in response to US tariffs on steel and aluminum, with further tariffs planned for May and December, while excluding whiskey due to lobbying and prioritizing ne...

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What immediate economic impact will the EU's retaliatory tariffs have on US exports?

The EU imposed retaliatory tariffs of 10-25% on US goods, including jeans and motorcycles, effective next week, followed by tariffs on food items like beef, poultry, and citrus fruits in mid-May, and nuts and soybeans in early December. This action counters US tariffs on steel and aluminum, impacting €26 billion in EU exports and potentially generating €6.5 billion in additional US revenue.

dutchnews.nl

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Apr 9, 19:19

EU-US Trade War: AEX Index Drops 3%, Retaliatory Tariffs Announced

The escalating US-EU trade war, triggered by US tariffs on steel, resulted in a 3% drop in the AEX index on Wednesday, impacting companies like Besi, Philips, Shell, and ASM International; the EU responded with €22 billion in retaliatory tariffs on US goods, while global sea container bookings to th...

EU-US Trade War: AEX Index Drops 3%, Retaliatory Tariffs Announced

The escalating US-EU trade war, triggered by US tariffs on steel, resulted in a 3% drop in the AEX index on Wednesday, impacting companies like Besi, Philips, Shell, and ASM International; the EU responded with €22 billion in retaliatory tariffs on US goods, while global sea container bookings to th...

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What are the immediate economic impacts of the escalating US-EU trade war on European markets and specific companies?

The escalating US-EU trade war, marked by a 25% US tariff on steel and retaliatory EU tariffs on various US products (including tobacco, meat, cosmetics, and soy), caused a 3% drop in the AEX blue chip index by mid-afternoon on Wednesday. Besi, Philips, Shell, and ASM International suffered significant losses. The EU aims for negotiated solutions but proceeds with tariffs taking effect this week, with further rounds planned for May and December.

nos.nl

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Apr 9, 19:19

EU Imposes $22 Billion in Tariffs on US Goods

The European Union is implementing retaliatory tariffs up to 25 percent on $22 billion of US goods, including soybeans, meat, plastics, steel, and cosmetics, starting next week, in response to US tariffs on European steel and aluminum; this measured response prioritizes negotiation but prepares for ...

EU Imposes $22 Billion in Tariffs on US Goods

The European Union is implementing retaliatory tariffs up to 25 percent on $22 billion of US goods, including soybeans, meat, plastics, steel, and cosmetics, starting next week, in response to US tariffs on European steel and aluminum; this measured response prioritizes negotiation but prepares for ...

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How does the EU's response differ from China's, and what strategic considerations underlie this difference?

The EU's targeted approach focuses on products from US states that predominantly voted for Trump, aiming to pressure key industries and Republican voters. The phased implementation of tariffs, starting next week and continuing through December, signals a strategic preference for negotiation, while also preparing a larger response if talks fail.

theglobeandmail.com

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Apr 9, 19:19

Dimon Warns Trump Tariffs Could Trigger Recession

JPMorgan Chase CEO Jamie Dimon warned on Wednesday that President Trump's sweeping tariffs are likely to cause a recession, increased loan defaults, and market volatility, urging rapid progress on trade negotiations to mitigate the impact; JPMorgan economists raised the recession risk to 60% from 40...

Dimon Warns Trump Tariffs Could Trigger Recession

JPMorgan Chase CEO Jamie Dimon warned on Wednesday that President Trump's sweeping tariffs are likely to cause a recession, increased loan defaults, and market volatility, urging rapid progress on trade negotiations to mitigate the impact; JPMorgan economists raised the recession risk to 60% from 40...

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How are the announced tariffs affecting global capital markets and investor confidence?

Dimon's concerns highlight the interconnectedness of trade policy and economic stability. His prediction of a 60% chance of a U.S. and global recession reflects the severity of the situation, amplified by the cancellation of IPOs and a decline in mergers and acquisitions. The shift by overseas clients to local banks underscores the international ramifications.

nos.nl

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Apr 9, 19:19

EU Imposes \$22 Billion in Retaliatory Tariffs on US Goods

The European Union is imposing up to 25% tariffs on \$22 billion worth of US goods, including soybeans, meat, and steel, in retaliation for US tariffs on European steel and aluminum; this phased approach prioritizes negotiation over escalation, but internal EU disagreements persist on the intensity ...

EU Imposes \$22 Billion in Retaliatory Tariffs on US Goods

The European Union is imposing up to 25% tariffs on \$22 billion worth of US goods, including soybeans, meat, and steel, in retaliation for US tariffs on European steel and aluminum; this phased approach prioritizes negotiation over escalation, but internal EU disagreements persist on the intensity ...

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How does the EU's approach to the trade war differ from China's, and what is the rationale behind the EU's phased implementation of tariffs?

The EU's response is notably less aggressive than China's, reflecting a strategy focused on negotiation rather than escalation. The EU's tariffs will be implemented in phases, with a second batch in May and further tariffs on products like almonds in December. This phased approach aims to encourage negotiations with the US.

repubblica.it

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Apr 9, 19:19

Apple Faces Tariff Pressure: Potential iPhone Price Hike and Supply Chain Restructuring

Facing new US tariffs, Apple may raise iPhone prices up to 43%, but is mitigating impact via emergency air freight of iPhones from Asia and increased production in India to maintain prices and market share; this reflects broader tech industry shifts in global manufacturing.

Apple Faces Tariff Pressure: Potential iPhone Price Hike and Supply Chain Restructuring

Facing new US tariffs, Apple may raise iPhone prices up to 43%, but is mitigating impact via emergency air freight of iPhones from Asia and increased production in India to maintain prices and market share; this reflects broader tech industry shifts in global manufacturing.

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What is the immediate impact of the new tariffs on Apple's pricing strategy and consumer behavior?

Apple may raise iPhone prices by up to 43% to offset new tariffs, potentially increasing the iPhone 16 Pro Max price from \$1,599 to almost \$2,300. Analysts suggest Apple might absorb some costs by reducing profit margins or renegotiating with suppliers, or delay price increases to protect market share. Consumer purchases surged due to price hike uncertainty.

Showing 1,453 to 1,464 of 3,273 results