Tag #Tariffs

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euronews.com

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Apr 9, 13:19

EU Pharma Industry Warns Against US Tariffs, Risks to Supply Chains Highlighted

Representatives from major European pharmaceutical companies and trade organizations warned the EU against imposing tariffs on US goods, citing potential supply chain disruptions and harm to patients, during a video call on Tuesday. The sector narrowly avoided tariffs in the latest round but remains...

EU Pharma Industry Warns Against US Tariffs, Risks to Supply Chains Highlighted

Representatives from major European pharmaceutical companies and trade organizations warned the EU against imposing tariffs on US goods, citing potential supply chain disruptions and harm to patients, during a video call on Tuesday. The sector narrowly avoided tariffs in the latest round but remains...

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How might the global integration of pharmaceutical supply chains amplify the impact of potential US tariffs?

The EU's pharmaceutical industry, including major players like Novo Nordisk, Bayer, and Sanofi, expressed concerns about US tariffs during a meeting with the European Commission. These concerns stem from the industry's globally integrated supply chains, which would be severely impacted by any trade barriers. Ireland, with its significant pharmaceutical manufacturing operations, is particularly vulnerable.

nrc.nl

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Apr 9, 13:20

Trump's Import Tariffs Face Backlash from High-Profile Republican Allies

Prominent US billionaires Bill Ackman, Stanley Druckenmiller, and Ken Langone, previously strong Trump supporters, have publicly condemned his new import tariffs, warning of potentially catastrophic economic consequences and urging a policy reversal before their April 9th implementation.

Trump's Import Tariffs Face Backlash from High-Profile Republican Allies

Prominent US billionaires Bill Ackman, Stanley Druckenmiller, and Ken Langone, previously strong Trump supporters, have publicly condemned his new import tariffs, warning of potentially catastrophic economic consequences and urging a policy reversal before their April 9th implementation.

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What are the potential long-term implications of these import tariffs for US-China trade relations and the global economy?

The shift in opinion from these traditionally pro-Trump figures signals a growing apprehension about the economic ramifications of the administration's trade policies. The criticism could lead to pressure on Trump to reconsider or adjust his approach to tariffs, potentially impacting future trade relations and economic growth. The swift and significant negative reactions indicate a potentially larger-than-expected economic fallout.

euronews.com

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Apr 9, 19:19

Porsche Sales Plunge 8% in Q1 2025 Amidst Cybersecurity Issues and Market Challenges

Porsche's first-quarter 2025 global deliveries fell 8% to 71,470 units, with sharp declines in China (-42%, 9,471 units) and Europe (-10%, 18,017 units excluding Germany), partly due to the discontinuation of models failing to meet EU cybersecurity laws; North American sales, however, grew by 37% (2...

Porsche Sales Plunge 8% in Q1 2025 Amidst Cybersecurity Issues and Market Challenges

Porsche's first-quarter 2025 global deliveries fell 8% to 71,470 units, with sharp declines in China (-42%, 9,471 units) and Europe (-10%, 18,017 units excluding Germany), partly due to the discontinuation of models failing to meet EU cybersecurity laws; North American sales, however, grew by 37% (2...

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Responsible Consumption and Production

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What were the key factors contributing to Porsche's significant decline in global sales during the first quarter of 2025?

Porsche's first-quarter 2025 sales plunged 8% globally to 71,470 units, driven by a 42% drop in Chinese sales (9,471 units) and a 10% decrease in European sales (excluding Germany, 18,017 units). German sales plummeted by 34% to 7,495 units. This decline is partly due to the discontinuation of certain models in the EU that did not meet cybersecurity regulations.

theglobeandmail.com

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Apr 9, 19:19

Dimon Warns Trump Tariffs Could Trigger Recession

JPMorgan Chase CEO Jamie Dimon warned on Wednesday that President Trump's sweeping tariffs are likely to cause a recession, increased loan defaults, and market volatility, urging rapid progress on trade negotiations to mitigate the impact; JPMorgan economists raised the recession risk to 60% from 40...

Dimon Warns Trump Tariffs Could Trigger Recession

JPMorgan Chase CEO Jamie Dimon warned on Wednesday that President Trump's sweeping tariffs are likely to cause a recession, increased loan defaults, and market volatility, urging rapid progress on trade negotiations to mitigate the impact; JPMorgan economists raised the recession risk to 60% from 40...

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How are the announced tariffs affecting global capital markets and investor confidence?

Dimon's concerns highlight the interconnectedness of trade policy and economic stability. His prediction of a 60% chance of a U.S. and global recession reflects the severity of the situation, amplified by the cancellation of IPOs and a decline in mergers and acquisitions. The shift by overseas clients to local banks underscores the international ramifications.

theguardian.com

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Apr 9, 19:19

EU Imposes €21 Billion in Retaliatory Tariffs on US Goods

The EU imposed €21 billion in retaliatory tariffs on US goods, including farm produce and products from Republican states, starting April 15th, in response to US tariffs on steel and aluminum, with Hungary being the only dissenting EU member state.

EU Imposes €21 Billion in Retaliatory Tariffs on US Goods

The EU imposed €21 billion in retaliatory tariffs on US goods, including farm produce and products from Republican states, starting April 15th, in response to US tariffs on steel and aluminum, with Hungary being the only dissenting EU member state.

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What is the immediate economic impact of the EU's retaliatory tariffs on the US and the global economy?

The EU imposed €21bn (£18bn) in retaliatory tariffs on US goods, primarily agricultural products and items from Republican states, in response to US tariffs on steel and aluminum. These tariffs, ranging from 25% on various goods, will be implemented in phases starting April 15th.

t24.com.tr

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Apr 9, 19:19

EU Imposes €21 Billion in Tariffs on US Goods

The European Union imposed €21 billion in tariffs on US goods, starting April 15th, in retaliation for US tariffs on metal products, impacting various goods including soybeans and orange juice, while excluding American whiskey; this follows similar actions by China.

EU Imposes €21 Billion in Tariffs on US Goods

The European Union imposed €21 billion in tariffs on US goods, starting April 15th, in retaliation for US tariffs on metal products, impacting various goods including soybeans and orange juice, while excluding American whiskey; this follows similar actions by China.

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What is the immediate impact of the EU's decision to impose €21 billion in tariffs on US goods?

The European Union has imposed €21 billion in tariffs on US goods in retaliation for US tariffs on metal products. This follows similar retaliatory tariffs imposed by China. The EU's tariffs will take effect on April 15th, impacting various goods from soybeans to orange juice, though American whiskey was excluded.

hu.euronews.com

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Apr 9, 13:19

Musk-Navarro Clash Over Tariffs Roils Trump's Trade Policy

A public spat erupted between Elon Musk and Peter Navarro, a key advisor to Donald Trump, after Musk supported a European free trade zone. Navarro, architect of Trump's tariff policies, subsequently increased tariffs on China by 104%, prompting massive Chinese stock sales, and sparking a public argu...

Musk-Navarro Clash Over Tariffs Roils Trump's Trade Policy

A public spat erupted between Elon Musk and Peter Navarro, a key advisor to Donald Trump, after Musk supported a European free trade zone. Navarro, architect of Trump's tariff policies, subsequently increased tariffs on China by 104%, prompting massive Chinese stock sales, and sparking a public argu...

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What are the immediate economic consequences of the increased tariffs on China and the public dispute between Elon Musk and Peter Navarro?

Elon Musk's support for a free trade zone with Europe angered Peter Navarro, a key advisor to Donald Trump, escalating into a public dispute. Navarro, considered the architect of Trump's tariff policies, increased tariffs on China by 104%, leading to massive Chinese stock sales with currently immeasurable market impact, potentially involving $760 billion in assets. Musk countered Navarro's claims about Tesla's manufacturing practices, calling them demonstrably false.

npr.org

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Apr 9, 13:20

Bipartisan Bill Seeks to Curb Presidential Tariff Power

Senators Cantwell and Grassley introduced a bipartisan bill requiring President Trump to notify Congress within 48 hours of imposing tariffs, with Congress having 60 days to approve; Trump threatened a veto, while the bill has uncertain prospects in the House due to slim Republican support.

Bipartisan Bill Seeks to Curb Presidential Tariff Power

Senators Cantwell and Grassley introduced a bipartisan bill requiring President Trump to notify Congress within 48 hours of imposing tariffs, with Congress having 60 days to approve; Trump threatened a veto, while the bill has uncertain prospects in the House due to slim Republican support.

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What level of bipartisan support exists for the bill, and what are the prospects for its passage through both chambers of Congress?

The bill reflects concerns about the economic fallout from President Trump's tariffs, impacting consumers and retirement savings. The senators argue Congress has constitutional trade authority, citing constituent complaints about increased costs. Seven Republicans joined as co-sponsors, indicating bipartisan concern.

hu.euronews.com

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Apr 9, 19:19

EU to Impose 25% Tariffs on $13.5 Billion of US Exports

The European Union plans to impose up to 25% tariffs on $13.5 billion worth of US exports, including soybeans, meat, and steel, starting April 15th, 2024, potentially escalating trade tensions with the US.

EU to Impose 25% Tariffs on $13.5 Billion of US Exports

The European Union plans to impose up to 25% tariffs on $13.5 billion worth of US exports, including soybeans, meat, and steel, starting April 15th, 2024, potentially escalating trade tensions with the US.

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What are the key products and projected financial impacts of the EU's proposed tariffs on US exports?

The European Commission is considering imposing tariffs of up to 25 percent on a wide range of US exports, totaling approximately €22.1 billion based on 2024 EU imports. These tariffs, impacting agricultural and industrial goods like soybeans, meat, and steel, will be implemented in phases starting April 15th, 2024.

dw.com

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Apr 9, 19:19

EU Imposes Retaliatory Tariffs on US Goods

The EU implemented retaliatory tariffs ranging from 10% to 25% on various US goods, including jeans, motorcycles, and agricultural products, in response to US tariffs on steel and aluminum, with further tariffs planned for May and December, while excluding whiskey due to lobbying and prioritizing ne...

EU Imposes Retaliatory Tariffs on US Goods

The EU implemented retaliatory tariffs ranging from 10% to 25% on various US goods, including jeans, motorcycles, and agricultural products, in response to US tariffs on steel and aluminum, with further tariffs planned for May and December, while excluding whiskey due to lobbying and prioritizing ne...

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What immediate economic impact will the EU's retaliatory tariffs have on US exports?

The EU imposed retaliatory tariffs of 10-25% on US goods, including jeans and motorcycles, effective next week, followed by tariffs on food items like beef, poultry, and citrus fruits in mid-May, and nuts and soybeans in early December. This action counters US tariffs on steel and aluminum, impacting €26 billion in EU exports and potentially generating €6.5 billion in additional US revenue.

dailymail.co.uk

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Apr 9, 19:19

Republican Senators Criticize Trump Administration's Sweeping Tariffs

North Carolina Senator Thom Tillis and other Republican senators sharply criticized the Trump administration's sweeping tariffs imposed on numerous countries, raising concerns about their economic impact and demanding accountability from U.S. Trade Representative Jamieson Greer, who admitted to bein...

Republican Senators Criticize Trump Administration's Sweeping Tariffs

North Carolina Senator Thom Tillis and other Republican senators sharply criticized the Trump administration's sweeping tariffs imposed on numerous countries, raising concerns about their economic impact and demanding accountability from U.S. Trade Representative Jamieson Greer, who admitted to bein...

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What are the potential long-term economic and political consequences of this trade war, and how might they reshape the global economic landscape?

The administration's 'all-at-once' approach to tariffs, while seemingly bold, risks further escalating the trade war and causing unintended economic damage. The lack of a clear timeline for negotiations and the resistance to exclusions for specific industries raise serious concerns about the strategy's viability. The political repercussions for the Republican party, especially with midterm elections approaching, could be significant if the tariffs prove economically detrimental.

repubblica.it

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Apr 9, 19:19

Apple Faces Tariff Pressure: Potential iPhone Price Hike and Supply Chain Restructuring

Facing new US tariffs, Apple may raise iPhone prices up to 43%, but is mitigating impact via emergency air freight of iPhones from Asia and increased production in India to maintain prices and market share; this reflects broader tech industry shifts in global manufacturing.

Apple Faces Tariff Pressure: Potential iPhone Price Hike and Supply Chain Restructuring

Facing new US tariffs, Apple may raise iPhone prices up to 43%, but is mitigating impact via emergency air freight of iPhones from Asia and increased production in India to maintain prices and market share; this reflects broader tech industry shifts in global manufacturing.

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What is the immediate impact of the new tariffs on Apple's pricing strategy and consumer behavior?

Apple may raise iPhone prices by up to 43% to offset new tariffs, potentially increasing the iPhone 16 Pro Max price from \$1,599 to almost \$2,300. Analysts suggest Apple might absorb some costs by reducing profit margins or renegotiating with suppliers, or delay price increases to protect market share. Consumer purchases surged due to price hike uncertainty.

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