Tag #Tariffs

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cnn.com

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Jan 2, 16:12

Record US Retail Store Closures in 2024

Over 7,300 US retail stores closed in 2024, a 57% increase from 2023, due to high inflation, increased online competition, and strategic errors by mid-sized chains; this follows a 2020 pandemic-related closure surge, impacting various retail sectors.

Record US Retail Store Closures in 2024

Over 7,300 US retail stores closed in 2024, a 57% increase from 2023, due to high inflation, increased online competition, and strategic errors by mid-sized chains; this follows a 2020 pandemic-related closure surge, impacting various retail sectors.

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What were the key factors driving the unprecedented surge in US retail store closures in 2024?

In 2024, over 7,300 US retail stores closed, a 57% increase from 2023, exceeding even 2020's pandemic-related closures. Prominent chains like Family Dollar (718 closures), CVS and Walgreens (over 1,000 combined), and Big Lots (nearly 600) significantly downsized. This resulted in widespread job losses and economic disruption in numerous communities.

theglobeandmail.com

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Dec 31, 22:08

Mexico Imposes New Tariffs on Goods from Asia, Targeting Shein and Temu

Mexico's tax authority imposed new tariffs on goods from countries lacking international treaties, starting January 1st, impacting online retailers like Shein and Temu; goods from China will be subject to a 19% duty, while those from USMCA countries over \$50 will face a 17% duty, aiming to curb tax...

Mexico Imposes New Tariffs on Goods from Asia, Targeting Shein and Temu

Mexico's tax authority imposed new tariffs on goods from countries lacking international treaties, starting January 1st, impacting online retailers like Shein and Temu; goods from China will be subject to a 19% duty, while those from USMCA countries over \$50 will face a 17% duty, aiming to curb tax...

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How do the new tariffs connect to broader changes in Mexico's e-commerce taxation policies, and what are the stated goals of these changes?

These tariffs, effective January 1st, are part of broader e-commerce tax changes, including a December 19th decree increasing import duties on various goods up to 35%. The goal is to level the playing field for Mexican companies and prevent tax avoidance by foreign businesses. This follows a previous policy where goods below certain values were duty-free.

africa.chinadaily.com.cn

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Dec 29, 07:08

China to Slash Import Tariffs on 935 Goods in 2025

China will reduce import tariffs on 935 goods, including raw materials for petrochemicals and medical supplies, starting January 1, 2025, to boost domestic demand, advance high-standard opening up, and improve access to essential goods, aligning with its economic and foreign policy goals.

China to Slash Import Tariffs on 935 Goods in 2025

China will reduce import tariffs on 935 goods, including raw materials for petrochemicals and medical supplies, starting January 1, 2025, to boost domestic demand, advance high-standard opening up, and improve access to essential goods, aligning with its economic and foreign policy goals.

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How do these tariff adjustments align with China's broader economic and foreign policy goals?

The tariff reductions are part of China's broader strategy to foster innovation, improve people's well-being, and promote green development. Lower tariffs on raw materials will benefit domestic industries, while reduced tariffs on medical supplies will increase accessibility. This aligns with China's commitment to expanding its free trade agreements and supporting developing nations.

aljazeera.com

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Dec 27, 22:09

Canada Seeks to Avert Trump's Tariff Threat in Florida Talks

Canadian Finance Minister Dominic LeBlanc and Foreign Affairs Minister Melanie Joly met with Donald Trump's aides in Florida to discuss the US president-elect's threat to impose 25% tariffs on Canadian goods due to concerns about illegal immigration and drug trafficking; the ministers highlighted th...

Canada Seeks to Avert Trump's Tariff Threat in Florida Talks

Canadian Finance Minister Dominic LeBlanc and Foreign Affairs Minister Melanie Joly met with Donald Trump's aides in Florida to discuss the US president-elect's threat to impose 25% tariffs on Canadian goods due to concerns about illegal immigration and drug trafficking; the ministers highlighted th...

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What are the root causes of Trump's tariff threat, and what role does Canada's border security play in these concerns?

Trump's threat to impose 25% tariffs on Canadian goods stems from concerns over illegal immigration and drug flow across the border. Canada's efforts to enhance border security, including deploying helicopters, drones, and surveillance towers, are intended to mitigate this threat. The economic interdependence between the US and Canada, with daily trade exceeding $2.7 billion, underscores the potential severity of a tariff war.

kathimerini.gr

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Dec 27, 19:10

EU Unfazed by Trump's LNG Import Warning

Trump warned the EU to significantly increase US LNG imports or face tariffs; however, the EU is expected to comply, as this aligns with its energy diversification strategy away from Russia, with the European Commission President stating that this would be more cost-effective.

EU Unfazed by Trump's LNG Import Warning

Trump warned the EU to significantly increase US LNG imports or face tariffs; however, the EU is expected to comply, as this aligns with its energy diversification strategy away from Russia, with the European Commission President stating that this would be more cost-effective.

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Affordable and Clean Energy

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What is the immediate impact of Trump's warning regarding EU energy imports?

The EU is unlikely to be significantly concerned by Trump's warning to increase US LNG imports to avoid tariffs, as this aligns with its strategy to reduce reliance on Russian gas. The European Commission President stated in November that replacing Russian LNG with US LNG would be cheaper for the EU.

cbsnews.com

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Dec 26, 22:10

Post-Christmas Sales Surge Amidst Retail Sector Instability

American holiday retail sales totaled between $979.5 billion and $989 billion in November and December, up 2.5% to 3.5% year-over-year; post-Christmas sales are now underway, offering deeper discounts than last year, yet store closures surged 69% year-over-year, amid looming tariff threats impacting...

Post-Christmas Sales Surge Amidst Retail Sector Instability

American holiday retail sales totaled between $979.5 billion and $989 billion in November and December, up 2.5% to 3.5% year-over-year; post-Christmas sales are now underway, offering deeper discounts than last year, yet store closures surged 69% year-over-year, amid looming tariff threats impacting...

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What is the overall impact of the holiday shopping season and subsequent post-Christmas sales on the American retail sector?

American holiday retail sales reached between $979.5 billion and $989 billion in November and December, a 2.5% to 3.5% increase year-over-year. Post-Christmas sales are now underway, with discounts exceeding last year's in some cases, driven by retailers' efforts to stimulate demand and clear inventory. Store closures are up 69% year-over-year, impacting some retailers.

europe.chinadaily.com.cn

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Dec 31, 07:09

China Urges EU to Avoid Tariffs on Chinese EVs, Favoring Mutual Cooperation

China's former vice-minister of commerce opposes the EU's potential tariffs on Chinese electric vehicles, advocating for a mutually beneficial approach instead; this comes amid projections of global EV demand reaching 45 million units by 2030.

China Urges EU to Avoid Tariffs on Chinese EVs, Favoring Mutual Cooperation

China's former vice-minister of commerce opposes the EU's potential tariffs on Chinese electric vehicles, advocating for a mutually beneficial approach instead; this comes amid projections of global EV demand reaching 45 million units by 2030.

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What are the immediate economic consequences of the EU imposing tariffs on Chinese electric vehicles?

The EU is considering imposing tariffs on Chinese electric vehicles (EVs), a move that China's former vice-minister of commerce, Wei Jianguo, opposes. He argues that tariffs harm consumers and hinder economic cooperation, advocating for a mutually beneficial approach instead. China's Ministry of Commerce also supports this view, urging the EU to take concrete steps to jointly advance consultations on a price commitment plan for Chinese EVs.

europe.chinadaily.com.cn

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Dec 29, 01:06

China to Reduce Import Tariffs on 935 Goods in 2025

China announced it will reduce import tariffs on 935 goods starting January 1, 2025, including raw materials for the petrochemical industry and medical supplies, to boost domestic demand, advance high-standard opening up, and improve healthcare access, while raising tariffs on some goods like batter...

China to Reduce Import Tariffs on 935 Goods in 2025

China announced it will reduce import tariffs on 935 goods starting January 1, 2025, including raw materials for the petrochemical industry and medical supplies, to boost domestic demand, advance high-standard opening up, and improve healthcare access, while raising tariffs on some goods like batter...

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No Poverty

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What are the immediate economic and societal impacts of China's planned tariff reductions on various goods in 2025?

China will reduce import tariffs on 935 commodities starting January 1, 2025, aiming to boost domestic demand and high-standard opening up. This includes reductions on raw materials crucial for the petrochemical industry, such as ethane and certain polymers, impacting production costs and technological innovation. Lower tariffs will also apply to medical supplies, improving healthcare access.

french.china.org.cn

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Dec 28, 19:09

China to Slash Import Tariffs on 935 Products in 2024

China will reduce import tariffs on 935 products in 2024, including raw materials for petrochemicals and pharmaceuticals, aiming to boost domestic demand and high-level opening, reflecting a commitment to global trade despite geopolitical challenges.

China to Slash Import Tariffs on 935 Products in 2024

China will reduce import tariffs on 935 products in 2024, including raw materials for petrochemicals and pharmaceuticals, aiming to boost domestic demand and high-level opening, reflecting a commitment to global trade despite geopolitical challenges.

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What is the primary economic goal of China's planned import tariff reduction, and what are its immediate effects?

China will lower import tariffs on 935 products in 2024, impacting various sectors including petrochemicals, pharmaceuticals, and automobiles. This move aims to boost domestic demand and enhance high-level opening.

theglobeandmail.com

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Dec 27, 04:07

Canadian Ministers Meet Trump Team to Address Border, Trade Concerns

Canadian Foreign Affairs Minister Mélanie Joly and Finance Minister Dominic LeBlanc are meeting with members of U.S. President-elect Donald Trump's team in Florida on Friday to discuss border security and trade, aiming to address Trump's concerns about illegal immigration, drug smuggling, and a trad...

Canadian Ministers Meet Trump Team to Address Border, Trade Concerns

Canadian Foreign Affairs Minister Mélanie Joly and Finance Minister Dominic LeBlanc are meeting with members of U.S. President-elect Donald Trump's team in Florida on Friday to discuss border security and trade, aiming to address Trump's concerns about illegal immigration, drug smuggling, and a trad...

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Peace, Justice, and Strong Institutions

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How does Canada's approach to addressing the trade deficit with the United States differ from Trump's perspective?

These meetings aim to alleviate Trump's concerns and potentially prevent the imposition of tariffs. Canada's approach emphasizes its cooperation on border security, highlighting the relatively small scale of illegal migration and drug smuggling from Canada compared to Mexico. They also aim to explain the nature of the trade deficit, largely driven by Canadian energy exports beneficial to the U.S.

cnbc.com

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Dec 26, 22:10

Apple Stock Soars: iPhone 17 Launch and AI to Fuel Growth

Apple's stock price has risen nearly 35% in 2024, exceeding the S&P 500's growth, driven by strong financials and the anticipated launch of the iPhone 17, which JPMorgan predicts will increase iPhone sales from 230 million units to 263 million units by 2027.

Apple Stock Soars: iPhone 17 Launch and AI to Fuel Growth

Apple's stock price has risen nearly 35% in 2024, exceeding the S&P 500's growth, driven by strong financials and the anticipated launch of the iPhone 17, which JPMorgan predicts will increase iPhone sales from 230 million units to 263 million units by 2027.

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What are the key factors driving Apple's exceptional stock performance in 2024, and what are the immediate implications for investors?

Apple's stock price has surged nearly 35% year-to-date, outperforming the S&P 500's 27% increase. This strong performance is driven by the company's robust financial health and anticipated iPhone 17 launch, which is expected to significantly boost sales. Apple's stock recently hit a new high, maintaining a positive trend.

africa.chinadaily.com.cn

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Dec 25, 07:05

Trump's Proposed Tariffs: Potential for Significant Economic Disruption

President-elect Trump's proposed 60 percent tariff on Chinese goods, and 10-20 percent on others, is expected to cause significant economic disruption, potentially increasing US inflation by 1 percent by 2025's third quarter and impacting global supply chains, while China may be better positioned to...

Trump's Proposed Tariffs: Potential for Significant Economic Disruption

President-elect Trump's proposed 60 percent tariff on Chinese goods, and 10-20 percent on others, is expected to cause significant economic disruption, potentially increasing US inflation by 1 percent by 2025's third quarter and impacting global supply chains, while China may be better positioned to...

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What are the immediate economic consequences of President-elect Trump's proposed tariffs on Chinese goods?

President-elect Trump's proposed tariffs on Chinese imports could significantly impact the global economy, potentially causing a surge in imports at US ports before implementation and disrupting supply chains. Retailers are already taking measures to mitigate potential disruptions, bringing in cargo early.

Showing 1,477 to 1,488 of 1,657 results