Tag #Tariffs

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theguardian.com

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Jan 6, 22:09

Trump Denies Report of Revised Tariff Plans

President-elect Donald Trump denied a Washington Post report that his aides are exploring narrower tariff plans, contradicting his campaign promises of broad 10% tariffs on global imports and 60% on Chinese goods; European markets rallied on the report.

Trump Denies Report of Revised Tariff Plans

President-elect Donald Trump denied a Washington Post report that his aides are exploring narrower tariff plans, contradicting his campaign promises of broad 10% tariffs on global imports and 60% on Chinese goods; European markets rallied on the report.

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How do the reported revised tariff plans differ from Trump's earlier campaign promises, and what factors might have driven this change?

Trump's denial contradicts a Washington Post report citing three sources familiar with the matter. These sources indicated that the Trump administration is exploring a more targeted approach to tariffs, focusing on sectors deemed critical to national security or the economy, such as defense, medicine, and energy. This represents a significant departure from his previous, broader tariff proposals.

elpais.com

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Jan 4, 07:10

Mexico Imposes New Taxes on Digital Services and Asian Textiles

Effective 2025, Mexico mandates RFC registration and tax payments for foreign digital service providers such as Amazon and Uber, alongside a 35% tariff on Asian textiles (excluding free trade partners) implemented in December 2024 and lasting until 2026, aimed at leveling the economic playing field.

Mexico Imposes New Taxes on Digital Services and Asian Textiles

Effective 2025, Mexico mandates RFC registration and tax payments for foreign digital service providers such as Amazon and Uber, alongside a 35% tariff on Asian textiles (excluding free trade partners) implemented in December 2024 and lasting until 2026, aimed at leveling the economic playing field.

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How do the new tariffs on goods from Asia and the USA/Canada differ, and what economic rationale underlies the varying rates?

These measures aim to increase government revenue and protect the domestic economy. The textile tariff specifically addresses what the government views as unfair competition from Asian imports, leveling the playing field for Mexican businesses. Foreign digital service providers are now subject to the same tax regulations as domestic companies.

spanish.china.org.cn

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Jan 2, 10:09

China Cuts Import Tariffs, Expands Free Trade

China reduced import tariffs on 935 products and launched a free trade agreement with the Maldives on Wednesday, furthering its high-quality development and high-standard opening strategy, while also implementing its first energy law and new data security regulations.

China Cuts Import Tariffs, Expands Free Trade

China reduced import tariffs on 935 products and launched a free trade agreement with the Maldives on Wednesday, furthering its high-quality development and high-standard opening strategy, while also implementing its first energy law and new data security regulations.

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How do China's tariff reduction plans align with its broader economic development strategy?

These tariff reductions, part of China's plan to boost high-quality development and high-standard opening, aim to increase imports of quality products and support scientific and technological innovation. The move aligns with China's broader efforts to expand its free trade network and benefit developing countries.

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.

china.org.cn

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Jan 5, 13:06

Former UN Official Warns of Negative Global Impacts from Potential US Protectionist Policies

A former UN official warns that new US protectionist policies could harm global trade, disrupt supply chains, raise consumer prices, and increase global tensions, hindering efforts to address pressing global challenges such as climate change.

Former UN Official Warns of Negative Global Impacts from Potential US Protectionist Policies

A former UN official warns that new US protectionist policies could harm global trade, disrupt supply chains, raise consumer prices, and increase global tensions, hindering efforts to address pressing global challenges such as climate change.

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How might retaliatory measures from other countries impact global supply chains and economic stability?

The potential for a fragmented global economy, with competing trade blocs slowing growth, is a major concern. The International Monetary Fund has highlighted the negative impacts of such divisions, contrasting them with the historical success of free markets. Retaliatory tariffs, disrupting supply chains and undermining stability, are also a significant risk.

smh.com.au

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Jan 2, 04:05

Trump's Tariff Threat Looms Over Mexico's Booming Economy

Facing Donald Trump's potential return to the White House, Mexican businesses are grappling with the threat of 25% tariffs on goods exported to the US, impacting investment decisions and highlighting the complex economic interdependence between Mexico and the US.

Trump's Tariff Threat Looms Over Mexico's Booming Economy

Facing Donald Trump's potential return to the White House, Mexican businesses are grappling with the threat of 25% tariffs on goods exported to the US, impacting investment decisions and highlighting the complex economic interdependence between Mexico and the US.

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What are the immediate economic implications for Mexico if Trump imposes 25% tariffs on all goods from Mexico and Canada?

The potential return of Donald Trump to the White House has Mexican businesses, particularly in Monterrey, bracing for possible tariffs on goods exported to the US. This uncertainty is impacting investment decisions, with some companies delaying projects until Trump's trade policy is clarified. The situation highlights the complex economic interdependence between Mexico and the US.

edition.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, competition from larger retailers, and strategic errors; this impacted various chains, including Family Dollar, CVS, Walgreens, and Big Lots.

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, competition from larger retailers, and strategic errors; this impacted various chains, including Family Dollar, CVS, Walgreens, and Big Lots.

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How did the economic climate and consumer behavior influence the retail sector's performance in 2024?

High inflation, competition from larger retailers like Amazon and Walmart, and strategic errors like overexpansion contributed to these closures. Many struggling mid-sized chains couldn't compete on price or technology with larger rivals, exacerbating existing issues like poor customer service and out-of-stock items.

europe.chinadaily.com.cn

🌐 85% Global Worthiness

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

🌐 85% Global Worthiness

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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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

🌐 85% Global Worthiness

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.

Showing 2,053 to 2,064 of 2,239 results