Tag #Tariffs

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politico.eu

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Aug 26, 16:19

EU Rejects Trump's Tariff Threat Over Digital Regulations

On Tuesday, the European Commission rejected U.S. President Donald Trump's threat to impose tariffs on the EU over its digital policies, asserting its right to regulate its own economic activity. Trump's statement came days after a tariff truce between the two sides. The EU maintains its digital reg...

EU Rejects Trump's Tariff Threat Over Digital Regulations

On Tuesday, the European Commission rejected U.S. President Donald Trump's threat to impose tariffs on the EU over its digital policies, asserting its right to regulate its own economic activity. Trump's statement came days after a tariff truce between the two sides. The EU maintains its digital reg...

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What is the immediate impact of Trump's tariff threat on EU-U.S. relations and global technology markets?

The European Commission defended the EU's right to regulate its internal economic activities, rejecting U.S. President Trump's threat of tariffs on digital policies deemed discriminatory. Trump's statement follows a recent tariff truce, suggesting potential renewed trade tensions. The EU insists its regulations, such as the DSA and DMA, are neutral and apply equally to all companies operating within the EU.

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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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.

chinadaily.com.cn

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Aug 25, 04:16

BRI: A Development Alternative to Protectionist Trade Policies

China's Belt and Road Initiative (BRI) offers a long-term development solution in contrast to the negative impacts of tariff wars on global trade, as evidenced by BRI projects in Nigeria improving logistics, reducing costs, and fostering industrial growth.

BRI: A Development Alternative to Protectionist Trade Policies

China's Belt and Road Initiative (BRI) offers a long-term development solution in contrast to the negative impacts of tariff wars on global trade, as evidenced by BRI projects in Nigeria improving logistics, reducing costs, and fostering industrial growth.

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What are the specific examples from Nigeria that illustrate the positive effects of BRI-aligned projects on economic growth and structural transformation?

The BRI's focus on infrastructure development, including ports, railways, and digital links, directly addresses challenges faced by developing nations. In Nigeria, BRI-aligned projects have alleviated long-standing logistics bottlenecks, enabling more efficient trade and contributing to structural transformation. This contrasts with the negative impacts of tariff wars, which hinder global trade and disproportionately affect developing countries.

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.

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.

forbes.com

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Aug 25, 22:18

Americans' Unease: Low Unemployment Rate Amidst Widespread Job Insecurity Fears

While the US unemployment rate remains low (4.0-4.2%), approximately 60% of Americans anticipate rising unemployment in the coming year, according to a mid-August University of Michigan survey. This pessimism contrasts with high job security satisfaction among employed individuals (57% completely sa...

Americans' Unease: Low Unemployment Rate Amidst Widespread Job Insecurity Fears

While the US unemployment rate remains low (4.0-4.2%), approximately 60% of Americans anticipate rising unemployment in the coming year, according to a mid-August University of Michigan survey. This pessimism contrasts with high job security satisfaction among employed individuals (57% completely sa...

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How do Americans' concerns about inflation and President Trump's tariffs influence their perspectives on unemployment?

This disconnect stems from several factors. Americans prioritize inflation concerns over unemployment, fueled by anxieties about President Trump's tariffs. Additionally, most employed individuals express confidence in their own job security, even while worrying about broader economic conditions for others. This is reflected in high satisfaction rates with job security (57% completely satisfied in Gallup's 2024 survey).

spanish.china.org.cn

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Aug 26, 10:17

Brazil Unveils Plan to Counter US Tariffs on Agricultural Products

The Brazilian government announced a plan to support farmers impacted by a 50 percent US tariff on Brazilian exports, facilitating purchases of fish, honey, and fruits through streamlined public procurement and credit lines, while coffee and beef, with strong international demand, are excluded.

Brazil Unveils Plan to Counter US Tariffs on Agricultural Products

The Brazilian government announced a plan to support farmers impacted by a 50 percent US tariff on Brazilian exports, facilitating purchases of fish, honey, and fruits through streamlined public procurement and credit lines, while coffee and beef, with strong international demand, are excluded.

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Which Brazilian agricultural products are included in, and excluded from, the government's plan to mitigate the impact of US tariffs, and why?

The initiative targets specific agricultural products—fish, honey, and fruits—excluded from the US tariff due to limited international market alternatives for coffee and beef. Brazil's government will utilize its annual 6 billion real (approximately $1.06 billion USD) public food purchasing budget to absorb affected products, avoiding bidding processes for up to six months.

bbc.com

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Aug 25, 13:19

India Defies US, Prioritizes Russian Oil Imports

India will continue buying oil from Russia despite impending US tariffs, prioritizing its citizens' energy security; this decision, resulting in a 35-40% increase in Russian oil imports since 2021, strains its ties with the US.

India Defies US, Prioritizes Russian Oil Imports

India will continue buying oil from Russia despite impending US tariffs, prioritizing its citizens' energy security; this decision, resulting in a 35-40% increase in Russian oil imports since 2021, strains its ties with the US.

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How does India's stance on Russian oil imports affect its relationship with the US and other global powers?

India's prioritization of energy security and securing the best oil deals, even amidst US pressure and sanctions on Russia, highlights a strategic divergence between India and the US. This reflects India's balancing act between its national interests and maintaining international relations, particularly with major global players like Russia and the US. The significant increase in Russian oil imports demonstrates the economic incentives driving India's decisions.

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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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.

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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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.

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.

Showing 145 to 156 of 4,114 results