Tag #Tariffs

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abcnews.go.com

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Apr 17, 13:17

ECB Poised for Rate Cut Amid Trump Tariff Worries

Facing slow economic growth (0.2% in Q4 2024) and President Trump's proposed tariffs potentially reaching 20% on European goods, the European Central Bank is likely to cut interest rates for a seventh time on Thursday to stimulate economic activity, making credit more affordable for businesses and c...

ECB Poised for Rate Cut Amid Trump Tariff Worries

Facing slow economic growth (0.2% in Q4 2024) and President Trump's proposed tariffs potentially reaching 20% on European goods, the European Central Bank is likely to cut interest rates for a seventh time on Thursday to stimulate economic activity, making credit more affordable for businesses and c...

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What immediate actions is the ECB taking, and what are the primary reasons behind this decision in light of recent global economic uncertainties?

The European Central Bank (ECB) is expected to cut interest rates for the seventh time due to concerns about economic growth stemming from President Trump's tariff proposals. This rate cut aims to make credit more affordable and stimulate economic activity within the Eurozone. The 0.2% growth in the last quarter of 2024 and the looming threat of higher tariffs from the US significantly influenced this decision.

chinadaily.com.cn

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Apr 17, 04:12

Meloni Seeks Trade Concessions from Trump Amid EU-US Tensions

Italian Prime Minister Giorgia Meloni will visit the White House on Thursday to discuss trade issues with President Trump, seeking relief from US tariffs on EU imports while navigating her close relationship with Trump and her country's membership in the European Union.

Meloni Seeks Trade Concessions from Trump Amid EU-US Tensions

Italian Prime Minister Giorgia Meloni will visit the White House on Thursday to discuss trade issues with President Trump, seeking relief from US tariffs on EU imports while navigating her close relationship with Trump and her country's membership in the European Union.

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How does Meloni's relationship with Trump influence her approach to EU-US trade negotiations, and what are the potential risks and rewards?

Meloni's visit follows a recent EU trade commissioner's unsuccessful attempt to secure tariff reductions. Her close relationship with Trump, while potentially beneficial, may complicate her efforts to prioritize EU interests. The EU's decision to pause retaliatory tariffs and Trump's tariff suspension have lessened immediate pressure, but long-term solutions remain elusive.

cbsnews.com

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Apr 17, 04:12

Potential Tariffs Spark Panic Buying in US Cosmetics Market

President Trump's potential 25% tariff on South Korean cosmetics and 24% on Japanese imports is causing panic buying at stores like Senti Senti in Brooklyn, which imports almost all of its products from these countries; this follows a recent 90-day pause on new tariffs.

Potential Tariffs Spark Panic Buying in US Cosmetics Market

President Trump's potential 25% tariff on South Korean cosmetics and 24% on Japanese imports is causing panic buying at stores like Senti Senti in Brooklyn, which imports almost all of its products from these countries; this follows a recent 90-day pause on new tariffs.

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How do social media influencers and consumer behavior contribute to the impact of potential tariffs on the U.S. cosmetics market?

The potential tariffs on Korean and Japanese cosmetics threaten the booming U.S. market, which imported over \$7.5 billion in cosmetics last year, with \$1.7 billion from South Korea alone. Social media significantly influences sales, as demonstrated by Senti Senti's customer base. The uncertainty impacts small businesses like Ranavat, which sources ingredients internationally.

theglobeandmail.com

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Apr 17, 16:15

Investor Shifts to Defensive Strategy Amid Trump's Policies

Richard Croft, CIO of Croft Financial Group, shifted his $1.1 billion portfolio towards a more defensive strategy due to President Trump's policies, increasing cash holdings and investing in companies like Berkshire Hathaway, Enbridge, and Agnico Eagle Mines; his portfolios returned 7.7% and 8.5% in...

Investor Shifts to Defensive Strategy Amid Trump's Policies

Richard Croft, CIO of Croft Financial Group, shifted his $1.1 billion portfolio towards a more defensive strategy due to President Trump's policies, increasing cash holdings and investing in companies like Berkshire Hathaway, Enbridge, and Agnico Eagle Mines; his portfolios returned 7.7% and 8.5% in...

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How did Croft's selection of Berkshire Hathaway, Enbridge, Agnico Eagle Mines, and gold investments reflect his overall investment strategy and assessment of the market?

Croft's investment decisions reflect a risk-averse approach driven by uncertainty surrounding President Trump's policies. His preference for stable, dividend-paying companies like Enbridge and gold investments (Agnico Eagle Mines and SPDR Gold Shares ETF) indicates a shift away from growth stocks perceived as vulnerable to trade disputes. This strategic move is further substantiated by his sale of Amazon, citing concerns about its China-related supply chain.

aljazeera.com

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Apr 16, 10:08

Trump Demands China Initiate Trade Talks Amidst Escalating Trade War

President Trump insists China initiate trade negotiations, ordering a national security review of critical mineral imports amid accusations of China reneging on a Boeing deal and retaliatory actions from Hong Kong's postal service, escalating trade tensions.

Trump Demands China Initiate Trade Talks Amidst Escalating Trade War

President Trump insists China initiate trade negotiations, ordering a national security review of critical mineral imports amid accusations of China reneging on a Boeing deal and retaliatory actions from Hong Kong's postal service, escalating trade tensions.

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What are the immediate implications of President Trump's assertion that China must make the first move in trade negotiations?

President Trump asserts that China must initiate trade negotiations, stating that the US is not obligated to compromise. This stance follows the imposition of a national security review on critical mineral imports, primarily targeting China, the world's leading producer of many of these minerals. The resulting potential for trade escalation could significantly impact global supply chains.

cnn.com

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Apr 16, 16:14

Trump Tariffs Trigger Global Trade War, Causing Trillion-Dollar Market Decline

President Trump's tariffs, announced two weeks prior, sparked a global trade war, causing a multi-trillion dollar market decline and prompting international travel warnings; foreign arrivals to the US plummeted 20%, impacting the US travel industry.

Trump Tariffs Trigger Global Trade War, Causing Trillion-Dollar Market Decline

President Trump's tariffs, announced two weeks prior, sparked a global trade war, causing a multi-trillion dollar market decline and prompting international travel warnings; foreign arrivals to the US plummeted 20%, impacting the US travel industry.

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How are foreign countries responding to the US trade policies and their impact?

The trade war resulted from President Trump's tariff speech, marked by contradictory statements and brinkmanship. This created uncertainty and damaged US credibility, reflected in falling US dollar value and Treasury market turmoil. Consumer rejection of US brands in China further exacerbates the economic downturn, impacting major companies like Apple and Nike.

dailymail.co.uk

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Apr 17, 04:12

US-UK Trade Deal Expected Within Three Weeks

White House officials expect a US-UK trade deal within three weeks, part of a broader US strategy to counter China's economic influence; while the UK faces some tariffs, optimism for a comprehensive deal exists due to the strong bilateral relationship; Chancellor Reeves will continue negotiations in...

US-UK Trade Deal Expected Within Three Weeks

White House officials expect a US-UK trade deal within three weeks, part of a broader US strategy to counter China's economic influence; while the UK faces some tariffs, optimism for a comprehensive deal exists due to the strong bilateral relationship; Chancellor Reeves will continue negotiations in...

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What are the immediate implications of a rapid US-UK trade deal, given the ongoing trade war with China?

White House officials anticipate finalizing a trade deal with the UK within three weeks, following similar agreements with Japan, India, and South Korea, all aimed at countering China's influence. Britain's relative immunity from recent US tariffs, due to a balanced trade relationship, has contributed to optimism.

repubblica.it

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Apr 17, 04:12

US and Japan Aim for 90-Day Trade Deal to Resolve Tariffs

Following talks in Washington, Japan and the U.S. aim to reach a trade agreement within 90 days to resolve existing tariffs, prompted by a recent period of mutual tariff freezes; positive market reactions in Tokyo indicate optimism.

US and Japan Aim for 90-Day Trade Deal to Resolve Tariffs

Following talks in Washington, Japan and the U.S. aim to reach a trade agreement within 90 days to resolve existing tariffs, prompted by a recent period of mutual tariff freezes; positive market reactions in Tokyo indicate optimism.

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What are the underlying causes of the tariff disputes between the U.S. and Japan, and how might this agreement resolve those issues?

The ongoing trade negotiations between Japan and the U.S. are driven by the need to resolve existing tariffs, impacting bilateral economic relations. Minister Akazawa's statement indicates a shared desire for a swift resolution, while the Tokyo Stock Exchange's positive response reflects market confidence in a successful outcome.

cbsnews.com

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Apr 17, 04:12

Small Business Sues Trump Over 145% Tariffs on Chinese Goods

Emily Ley's Pensacola-based stationery company, Simplified, is suing President Trump for imposing 145% tariffs on Chinese-made goods, alleging illegal use of emergency powers and threatening business closure, job losses, and potential salary reductions.

Small Business Sues Trump Over 145% Tariffs on Chinese Goods

Emily Ley's Pensacola-based stationery company, Simplified, is suing President Trump for imposing 145% tariffs on Chinese-made goods, alleging illegal use of emergency powers and threatening business closure, job losses, and potential salary reductions.

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What are the immediate economic consequences for Simplified, and how do these exemplify broader impacts on small businesses facing steep tariffs?

Simplified, a small stationery business in Pensacola, Florida, is suing President Trump over recent tariffs on Chinese-made goods, totaling 145%. The tariffs have cost the company nearly \$1.2 million since 2017 and threaten its survival, forcing it to consider salary cuts and layoffs.

theglobeandmail.com

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Apr 17, 22:11

Unemployment Claims Fall Despite Tariff-Induced Housing Market Plunge

Initial jobless claims fell to 215,000, a two-month low, but single-family housing starts plummeted 14.2 percent to 940,000 units in March due to President Trump's tariffs, which are causing economic uncertainty.

Unemployment Claims Fall Despite Tariff-Induced Housing Market Plunge

Initial jobless claims fell to 215,000, a two-month low, but single-family housing starts plummeted 14.2 percent to 940,000 units in March due to President Trump's tariffs, which are causing economic uncertainty.

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How are President Trump's tariffs affecting the housing market, and what are the broader economic implications of this impact?

Despite the resilient labor market, the decreased hiring and the eight-month low in single-family housing starts (940,000 units in March, down 14.2 percent) suggest the economy may have stalled in the first quarter. This slowdown is linked directly to President Trump's tariff policies, creating uncertainty and dampening business investment and confidence.

euronews.com

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Apr 16, 16:15

China Appoints New Trade Negotiator Amid US Tariff Dispute

China appointed Li Chenggang as its new trade negotiator, replacing Wang Shouwen, amid rising tariffs with the US; China's Q1 2025 GDP grew by 5.4%, driven by exports, but analysts expect a slowdown; Li's WTO experience is seen as crucial for navigating the trade conflict.

China Appoints New Trade Negotiator Amid US Tariff Dispute

China appointed Li Chenggang as its new trade negotiator, replacing Wang Shouwen, amid rising tariffs with the US; China's Q1 2025 GDP grew by 5.4%, driven by exports, but analysts expect a slowdown; Li's WTO experience is seen as crucial for navigating the trade conflict.

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How is China attempting to mitigate the economic impact of US tariffs, and what are the challenges it faces?

The change in negotiators coincides with China seeking alternatives to the US market, focusing on its domestic market and other global partners. However, challenges remain, including a sluggish domestic consumption due to the property crisis and reliance on US consumers. China's strategy includes leveraging its WTO experience and advocating for free trade globally.

africa.chinadaily.com.cn

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Apr 16, 07:15

Japan Rejects US Tariff Demands, Preparing for Tough Negotiations

Japanese Prime Minister Shigeru Ishiba announced a firm negotiating stance against US tariffs, stating that Japan will not rush into an agreement and will take the necessary time to secure the best possible outcome. Upcoming talks between Japan and the US will focus on addressing US concerns about J...

Japan Rejects US Tariff Demands, Preparing for Tough Negotiations

Japanese Prime Minister Shigeru Ishiba announced a firm negotiating stance against US tariffs, stating that Japan will not rush into an agreement and will take the necessary time to secure the best possible outcome. Upcoming talks between Japan and the US will focus on addressing US concerns about J...

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How are the US tariffs impacting not only Japan but also the broader global economy and multilateral trade system?

Japan's firm stance against the US tariffs stems from the significant economic consequences predicted by experts like Hidetoshi Tashiro. Tashiro projects drastic profit decreases for major Japanese automakers, with some facing potential collapse. This situation highlights the broader global impact of the US tariffs, threatening to contract global trade and fuel US inflation.

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