Tag #Tariffs

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lefigaro.fr

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Mar 15, 13:12

EU Tariffs on US Goods: Levi's Remains Unaffected

In response to US tariffs on steel and aluminum, the EU will increase tariffs on various US goods starting April 1st; however, Levi's jeans, primarily manufactured outside the US, will likely remain unaffected due to the company's global production strategy.

EU Tariffs on US Goods: Levi's Remains Unaffected

In response to US tariffs on steel and aluminum, the EU will increase tariffs on various US goods starting April 1st; however, Levi's jeans, primarily manufactured outside the US, will likely remain unaffected due to the company's global production strategy.

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Responsible Consumption and Production

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How has Levi Strauss & Co.'s global production strategy mitigated the potential effects of the EU's new tariffs?

The EU's tariff increase is a retaliatory measure against US tariffs on steel and aluminum. While some US products may see price increases in Europe, Levi Strauss & Co. has mitigated potential impacts by diversifying its production globally, locating manufacturing closer to its markets.

dw.com

🌐 85% Global Worthiness

Mar 14, 04:09

NYSE Plunges Amidst Intensifying US-EU Trade War

On March 13, 2025, the New York Stock Exchange experienced a significant drop, with the Dow Jones falling 1.30%, Nasdaq down 1.96%, and S&P 500 entering correction territory, primarily driven by escalating US-EU trade tensions and Trump's threat of a 200% tariff on EU alcoholic beverages.

NYSE Plunges Amidst Intensifying US-EU Trade War

On March 13, 2025, the New York Stock Exchange experienced a significant drop, with the Dow Jones falling 1.30%, Nasdaq down 1.96%, and S&P 500 entering correction territory, primarily driven by escalating US-EU trade tensions and Trump's threat of a 200% tariff on EU alcoholic beverages.

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How do the positive inflation figures compare to the negative market reaction, and what factors are driving this divergence?

This decline intensifies losses this week, with major indices facing potential losses exceeding 4%. Trump's trade policies have roiled markets, fueling investor fears about eroding business and consumer confidence. The threat of a 200% tariff on EU alcoholic beverages, retaliating against EU whisky tariffs, further exacerbates the situation.

english.kyodonews.net

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Mar 14, 04:09

Japan Seeks Tariff Exemption Amidst U.S. Trade Pressure

Japanese Foreign Minister Takeshi Iwaya voiced concern to U.S. Secretary of State Marco Rubio over President Trump's new tariffs on steel, aluminum, and potential auto tariffs, requesting an exemption for Japan and highlighting the importance of the U.S.-Japan alliance; the meeting follows previous ...

Japan Seeks Tariff Exemption Amidst U.S. Trade Pressure

Japanese Foreign Minister Takeshi Iwaya voiced concern to U.S. Secretary of State Marco Rubio over President Trump's new tariffs on steel, aluminum, and potential auto tariffs, requesting an exemption for Japan and highlighting the importance of the U.S.-Japan alliance; the meeting follows previous ...

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How does President Trump's criticism of the U.S.-Japan security treaty and trade imbalance influence ongoing trade negotiations?

The imposition of tariffs reflects President Trump's protectionist trade policies, aiming to reduce the U.S. trade deficit and bolster domestic industries. Japan's significant car exports to the U.S. (1.37 million vehicles in 2024, representing 28.3% of its total exports to the U.S.) make it particularly vulnerable to the auto tariffs. Trump's criticism of the security treaty and trade imbalance further underscores the strained relationship.

news.sky.com

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Mar 14, 13:12

Tesla Warns of Retaliatory Tariffs Amid Trump's Trade War

Tesla, facing a 50% market value drop (£800bn loss) due to Trump's trade war, warned US officials about potential retaliatory tariffs on electric vehicles; this follows Trump's purchase of a Tesla car, despite widespread business complaints about rising costs and red tape from the trade war.

Tesla Warns of Retaliatory Tariffs Amid Trump's Trade War

Tesla, facing a 50% market value drop (£800bn loss) due to Trump's trade war, warned US officials about potential retaliatory tariffs on electric vehicles; this follows Trump's purchase of a Tesla car, despite widespread business complaints about rising costs and red tape from the trade war.

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What are the immediate economic consequences for Tesla and other US businesses due to President Trump's trade war?

Tesla warned US officials that President Trump's escalating trade war might result in disproportionate retaliatory tariffs against the company. This warning came on the same day Trump bought a Tesla, seemingly in support of Elon Musk, despite Tesla's market value plummeting 50% due to trade war concerns, representing a loss of roughly £800bn. The company's letter to the USTR's office highlights the risk of harming US businesses through unintended consequences.

tr.euronews.com

🌐 85% Global Worthiness

Mar 14, 19:15

EU Retaliatory Tariffs Hit US Wine, Paper, and Plastics Industries

The EU announced retaliatory tariffs on various US products, including wine, paper, and plastics, in response to US tariffs on steel and aluminum, impacting multiple sectors and potentially escalating the trade war between the EU and the US.

EU Retaliatory Tariffs Hit US Wine, Paper, and Plastics Industries

The EU announced retaliatory tariffs on various US products, including wine, paper, and plastics, in response to US tariffs on steel and aluminum, impacting multiple sectors and potentially escalating the trade war between the EU and the US.

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What are the immediate economic consequences of the EU's retaliatory tariffs on US goods?

The EU's retaliatory tariffs on US goods, in response to US tariffs on steel and aluminum, are negatively impacting various sectors, including wine, paper, and plastics. Wine producers face a potential 200% tariff on exports to the US, while the paper industry, which imported €962 million of pulp and €650 million of paper from the US in 2023, also expresses concern. Plastics manufacturers, who exported €3.4 billion and imported €5.3 billion worth of plastics to and from the US in 2023, also urge for free and fair trade.

cnnespanol.cnn.com

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Mar 14, 07:13

Tesla Warns Retaliatory Tariffs Could Harm Operations

Tesla, in a March 11 letter to the U.S. Trade Representative, warned that retaliatory tariffs could harm its operations and urged a careful approach to trade policy, citing past tariff actions leading to increased costs and retaliatory tariffs on exported electric vehicles. The company also highligh...

Tesla Warns Retaliatory Tariffs Could Harm Operations

Tesla, in a March 11 letter to the U.S. Trade Representative, warned that retaliatory tariffs could harm its operations and urged a careful approach to trade policy, citing past tariff actions leading to increased costs and retaliatory tariffs on exported electric vehicles. The company also highligh...

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How do Tesla's concerns about supply chain limitations and retaliatory tariffs reflect the complexities of global trade?

Tesla's letter highlights the interconnectedness of global trade and the potential unintended consequences of protectionist policies. The company's concerns about retaliatory tariffs impacting its exports demonstrate the challenges faced by U.S. manufacturers operating in a globalized market. Tesla's warning underscores the need for a nuanced approach to trade policy, balancing the pursuit of fair trade with the potential negative effects on domestic industries.

spanish.china.org.cn

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Mar 14, 07:13

US Trade War Triggers Market Panic, Recession Fears

The US's escalating trade war, marked by a 25% tariff on steel and aluminum, has caused significant stock market declines (S&P 500 down 9.3%, Nasdaq down 13.6%), and retaliatory tariffs threaten various US industries, raising concerns about a potential recession despite government assurances.

US Trade War Triggers Market Panic, Recession Fears

The US's escalating trade war, marked by a 25% tariff on steel and aluminum, has caused significant stock market declines (S&P 500 down 9.3%, Nasdaq down 13.6%), and retaliatory tariffs threaten various US industries, raising concerns about a potential recession despite government assurances.

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How are retaliatory tariffs impacting various sectors of the US economy?

The imposition of 25% tariffs on steel and aluminum has already caused retaliatory tariffs from other countries, harming US businesses and consumers in sectors like agriculture, automotive, and construction. This demonstrates the interconnected nature of the global economy and the counterproductive nature of unilateral trade actions.

dailymail.co.uk

🌐 85% Global Worthiness

Mar 14, 04:09

Vance Defends Trump's Tariffs Amidst EU Trade Tensions

On Thursday, Vice President Vance defended President Trump's tariffs on European goods, claiming they are necessary to strengthen the American economy by reshoring supply chains and retaliating against unfair economic treatment from the EU. The US imported $2.5 billion worth of wine from France alon...

Vance Defends Trump's Tariffs Amidst EU Trade Tensions

On Thursday, Vice President Vance defended President Trump's tariffs on European goods, claiming they are necessary to strengthen the American economy by reshoring supply chains and retaliating against unfair economic treatment from the EU. The US imported $2.5 billion worth of wine from France alon...

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What are the immediate economic consequences of President Trump's tariffs on European goods, and how do they affect the American economy and global trade?

Vice President Vance asserted that the U.S. economy is fundamentally strong, despite stock market volatility caused by President Trump's tariffs. He defended these tariffs as a means to encourage domestic investment and reshore supply chains, aiming for long-term economic growth. The VP's comments followed Trump's threat to impose tariffs of up to 200 percent on European alcoholic beverages.

lemonde.fr

🌐 85% Global Worthiness

Mar 14, 13:11

France Condemns US Tariffs, Warns of Trade War Escalation

French Economy Minister Eric Lombard condemned the US's threatened 200% tariffs on EU alcoholic beverages as a "stupid war", warning of escalation following retaliatory tariffs on US goods, while the EU has further tariffs ready and Canada filed a WTO complaint.

France Condemns US Tariffs, Warns of Trade War Escalation

French Economy Minister Eric Lombard condemned the US's threatened 200% tariffs on EU alcoholic beverages as a "stupid war", warning of escalation following retaliatory tariffs on US goods, while the EU has further tariffs ready and Canada filed a WTO complaint.

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How did previous trade disputes between the US and EU contribute to the current escalation?

The trade dispute highlights President Trump's aggressive trade policies since his return to power, characterized by retaliatory tariffs against allies and competitors. Lombard's comments underscore the EU's strategy of matching tariffs to create equal negotiating footing. The situation involves multiple actors, with the EU, France, and Canada all involved.

cnn.com

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Mar 14, 19:15

US Stocks Rebound on Funding Bill, but Weekly Losses Persist

US stocks rallied Friday, with major indexes surging despite remaining down for the week following Thursday's decline that put the S&P 500 in correction territory, fueled by optimism over a government funding plan and a rebound in tech stocks.

US Stocks Rebound on Funding Bill, but Weekly Losses Persist

US stocks rallied Friday, with major indexes surging despite remaining down for the week following Thursday's decline that put the S&P 500 in correction territory, fueled by optimism over a government funding plan and a rebound in tech stocks.

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Reduced Inequality

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What triggered Friday's stock market rally, and what are its immediate consequences?

US stocks rebounded on Friday, with the Dow surging 1.42% (580 points), the S&P 500 rising 1.8%, and the Nasdaq gaining 2.3%. This follows Thursday's decline, which placed the S&P 500 in correction territory, down over 10% from its peak. However, all major indexes remain down for the week.

elmundo.es

🌐 75% Global Worthiness

Mar 14, 04:09

Seat Faces Financial Strain Due to Tariffs on Chinese Electric Vehicles

Seat CEO Wayne Griffiths criticizes tariffs on Chinese electric vehicles, citing a 20.7% tariff on the Cupra Tavascan causing a 0.6% drop in operating margin and threatening production cuts for less profitable models unless the tariff is reduced or eliminated.

Seat Faces Financial Strain Due to Tariffs on Chinese Electric Vehicles

Seat CEO Wayne Griffiths criticizes tariffs on Chinese electric vehicles, citing a 20.7% tariff on the Cupra Tavascan causing a 0.6% drop in operating margin and threatening production cuts for less profitable models unless the tariff is reduced or eliminated.

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How are the tariffs affecting Seat's production strategy and investment plans?

The tariffs, imposed just two months prior, cost Seat hundreds of millions of euros annually, jeopardizing the company's 1 billion euro yearly investment plan. The situation has prompted negotiations for tariff reduction, with support from the Spanish and German governments.

welt.de

🌐 75% Global Worthiness

Mar 14, 07:13

Mercedes-Benz CEO Warns of US-EU Trade Conflict's Economic Ramifications

Mercedes-Benz CEO Ola Källenius voiced concerns about escalating US-EU trade conflicts, highlighting the company's 120-year US presence and substantial US production (260,000 cars in Tuscaloosa, Alabama, and Sprinters in Charleston, South Carolina) alongside its global operations, emphasizing Europe...

Mercedes-Benz CEO Warns of US-EU Trade Conflict's Economic Ramifications

Mercedes-Benz CEO Ola Källenius voiced concerns about escalating US-EU trade conflicts, highlighting the company's 120-year US presence and substantial US production (260,000 cars in Tuscaloosa, Alabama, and Sprinters in Charleston, South Carolina) alongside its global operations, emphasizing Europe...

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How does Mercedes-Benz's dual role as a manufacturer and importeexporter in the US influence its perspective on the trade dispute?

Källenius's comments underscore the intertwined nature of global trade and the potential ramifications of protectionist policies. While Mercedes-Benz benefits from US manufacturing, its extensive global operations, including plants in China and Europe, make it vulnerable to trade disruptions. He stresses the importance of free trade for European economic growth.

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