Tag #Tariffs

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dailymail.co.uk

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Dec 2, 23:43

Stoli Group Files for Bankruptcy Amidst Legal Battles and Cyberattack

Stoli Group USA, facing financial difficulties from a cyberattack, a costly legal battle with Russia, and decreased post-pandemic alcohol demand, filed for Chapter 11 bankruptcy, though it assures consumers that product availability will remain unaffected.

Stoli Group Files for Bankruptcy Amidst Legal Battles and Cyberattack

Stoli Group USA, facing financial difficulties from a cyberattack, a costly legal battle with Russia, and decreased post-pandemic alcohol demand, filed for Chapter 11 bankruptcy, though it assures consumers that product availability will remain unaffected.

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What are the primary causes of Stoli Group USA's bankruptcy filing?

Stoli Group USA, the maker of Stoli vodka and Kentucky Owl bourbon, filed for Chapter 11 bankruptcy. The company cited financial difficulties stemming from a cyberattack and a costly legal battle with the Russian government. American consumers can still purchase their products.

cbsnews.com

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Dec 1, 19:18

Tariffs and Tax Cuts: Economic Uncertainty Under a Second Trump Administration

CBS News business analyst Jill Schlesinger discusses the potential economic impact of new tariffs and tax cuts under a second Trump administration, highlighting the uncertainty and risk of increased prices for consumers already struggling with inflation.

Tariffs and Tax Cuts: Economic Uncertainty Under a Second Trump Administration

CBS News business analyst Jill Schlesinger discusses the potential economic impact of new tariffs and tax cuts under a second Trump administration, highlighting the uncertainty and risk of increased prices for consumers already struggling with inflation.

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What are the immediate economic implications of the potential tariffs and how will they directly impact consumers and businesses?

Retailers and consumers are uncertain about how potential tariffs will impact prices. Businesses face the dilemma of absorbing reduced profits or passing increased costs to consumers, leading to uncertainty and potential price hikes. Consumers, already facing high prices due to recent inflation, are unlikely to absorb additional costs.

lexpress.fr

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Nov 30, 10:05

Trump Announces 25% Tariffs on Mexican and Canadian Goods

President-elect Trump announced on Monday a 25% tariff on all goods imported from Mexico and Canada, prompting a Friday meeting between Trump and Canadian Prime Minister Trudeau to discuss the issue, while Mexico also threatens retaliatory tariffs.

Trump Announces 25% Tariffs on Mexican and Canadian Goods

President-elect Trump announced on Monday a 25% tariff on all goods imported from Mexico and Canada, prompting a Friday meeting between Trump and Canadian Prime Minister Trudeau to discuss the issue, while Mexico also threatens retaliatory tariffs.

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What are the immediate economic consequences of President-elect Trump's proposed 25% tariffs on Mexican and Canadian imports?

On Monday, President-elect Trump announced a 25% tariff on all goods imported from Mexico and Canada. This announcement sparked concerns in both countries about a potential major trade war. Canadian Prime Minister Trudeau met with Trump on Friday in an apparent attempt to mitigate this threat.

theglobeandmail.com

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Nov 30, 14:53

Poilievre Blames Trudeau for Trump's Tariff Threat

Canadian Conservative leader Pierre Poilievre blames Prime Minister Justin Trudeau for Donald Trump's threat to impose 25% tariffs on Canadian goods, citing Trudeau's perceived weakness and calling for policy changes to strengthen Canada's position.

Poilievre Blames Trudeau for Trump's Tariff Threat

Canadian Conservative leader Pierre Poilievre blames Prime Minister Justin Trudeau for Donald Trump's threat to impose 25% tariffs on Canadian goods, citing Trudeau's perceived weakness and calling for policy changes to strengthen Canada's position.

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How does Poilievre's criticism of Trudeau's handling of the Trump threat relate to his broader critique of the Liberal government's performance?

Poilievre's strategy is to portray Trudeau as weak and incompetent on the world stage, thereby making himself appear strong and capable by contrast. He uses Trump's tariff threat as evidence of this weakness, suggesting that a stronger leader would have prevented it. This approach resonates with Canadians who feel their government is failing to address economic and social challenges.

nrc.nl

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Nov 30, 14:58

Trump Threatens 25% Tariff on Canadian Imports

Donald Trump threatens a 25% tariff on all Canadian imports after his inauguration, jeopardizing the $908 billion USD in bilateral trade between the two countries in 2022 and potentially causing a severe economic downturn in Canada. This action disregards the USMCA trade agreement and causes concern...

Trump Threatens 25% Tariff on Canadian Imports

Donald Trump threatens a 25% tariff on all Canadian imports after his inauguration, jeopardizing the $908 billion USD in bilateral trade between the two countries in 2022 and potentially causing a severe economic downturn in Canada. This action disregards the USMCA trade agreement and causes concern...

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What are the immediate economic consequences of Trump's threatened 25% tariff on Canadian imports?

Donald Trump's threat to impose a 25% tariff on Canadian imports upon his inauguration has been described by Ontario Premier Doug Ford as a "dagger to the heart". This would severely impact Canada's economy, particularly Ontario's auto industry, which is deeply integrated with the US. The potential economic damage is immense, given the $908 billion USD in bilateral trade between the two countries in 2022.

abcnews.go.com

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Nov 30, 23:00

Trudeau Meets Trump to Avert Trade War

Canadian Prime Minister Justin Trudeau met with President-elect Donald Trump at Mar-a-Lago on Friday to discuss Trump's threatened 25% tariff on Canadian and Mexican goods, aiming to avoid a trade war that could cost billions daily; the meeting included several key advisors and covered trade, border...

Trudeau Meets Trump to Avert Trade War

Canadian Prime Minister Justin Trudeau met with President-elect Donald Trump at Mar-a-Lago on Friday to discuss Trump's threatened 25% tariff on Canadian and Mexican goods, aiming to avoid a trade war that could cost billions daily; the meeting included several key advisors and covered trade, border...

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What are the potential long-term consequences of this trade dispute on global trade dynamics?

The potential for retaliatory tariffs from Canada, coupled with the significant economic ramifications of a trade war, highlights the stakes involved. The outcome of this meeting could set a precedent for future U.S. relations with its key trading partners, impacting global trade dynamics. The success of this meeting will depend on Trump's willingness to compromise.

cnnespanol.cnn.com

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Dec 1, 16:34

Trump Threatens 100% Tariffs on BRICS Nations Over Potential New Currency

President-elect Donald Trump threatened 100% tariffs against BRICS nations—including Brazil, Russia, India, China, South Africa, and several new members—if they create a new currency to rival the US dollar, escalating trade tensions and geopolitical competition.

Trump Threatens 100% Tariffs on BRICS Nations Over Potential New Currency

President-elect Donald Trump threatened 100% tariffs against BRICS nations—including Brazil, Russia, India, China, South Africa, and several new members—if they create a new currency to rival the US dollar, escalating trade tensions and geopolitical competition.

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How will Trump's tariff threat impact global trade and the potential development of a new BRICS currency?

Donald Trump threatened 100% tariffs on BRICS nations if they create a new currency to challenge the US dollar. This directly impacts international trade and the global financial system, potentially escalating economic tensions.

abcnews.go.com

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Dec 1, 19:18

Rounds Backs Wray Amidst Trump's Plan to Replace FBI Director

Senator Mike Rounds expressed support for FBI Director Christopher Wray despite President-elect Trump's plan to replace him with Kash Patel, highlighting the potential conflict between presidential loyalty and Senate confirmation processes.

Rounds Backs Wray Amidst Trump's Plan to Replace FBI Director

Senator Mike Rounds expressed support for FBI Director Christopher Wray despite President-elect Trump's plan to replace him with Kash Patel, highlighting the potential conflict between presidential loyalty and Senate confirmation processes.

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What are the immediate implications of President-elect Trump's intention to replace FBI Director Wray with Kash Patel?

Republican Senator Mike Rounds voiced support for FBI Director Christopher Wray despite President-elect Trump intending to replace him with Kash Patel. Rounds cited Wray's satisfactory performance and emphasized the President's right to choose loyalists. However, he also noted the Senate's role in confirming appointments and the potential difficulties in removing Wray.

cnnespanol.cnn.com

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Nov 30, 14:51

Potential US Tariffs on Alcohol Imports from Canada and Mexico to Increase Prices

A potential 25% tariff on Canadian and Mexican goods could significantly increase prices for popular alcoholic beverages in the US, impacting consumers and businesses; in 2023, the US imported $5.69B in beer and $4.81B in alcohol from Mexico alone.

Potential US Tariffs on Alcohol Imports from Canada and Mexico to Increase Prices

A potential 25% tariff on Canadian and Mexican goods could significantly increase prices for popular alcoholic beverages in the US, impacting consumers and businesses; in 2023, the US imported $5.69B in beer and $4.81B in alcohol from Mexico alone.

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How might retaliatory tariffs from Canada and Mexico impact the US alcoholic beverage industry?

This tariff escalation stems from proposed trade policies, impacting an industry already recovering from recent trade wars, pandemic disruptions, and inflation. The proposed tariffs affect not only imported alcohol but also US-made products, due to reliance on imported materials like Canadian barley malt and aluminum. Such tariffs could also trigger retaliatory tariffs from Canada and Mexico, impacting US alcohol exports.

kathimerini.gr

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Nov 30, 14:58

Trump's Tariffs Threaten Global Economic Stability

Donald Trump announced 25% tariffs on all imports from Mexico and Canada and an additional 10% on Chinese goods starting January 2025, potentially leading to global stagflation and forcing central banks to choose between combating inflation or recession.

Trump's Tariffs Threaten Global Economic Stability

Donald Trump announced 25% tariffs on all imports from Mexico and Canada and an additional 10% on Chinese goods starting January 2025, potentially leading to global stagflation and forcing central banks to choose between combating inflation or recession.

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What is the immediate impact of Trump's tariff announcement on global central banks?

Donald Trump announced 25% tariffs on all imports from Mexico and Canada, plus an extra 10% on Chinese imports starting January 2025. This sets the stage for potential tariffs up to 25% on imports from the rest of the world, including the EU. This negatively impacts central banks, who must decide whether further interest rate cuts are needed.

edition.cnn.com

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Nov 30, 19:07

US Alcohol Prices to Soar Under Potential 25% Tariff on Mexican and Canadian Imports

A potential 25% tariff on Mexican and Canadian alcohol imports would significantly raise prices for US consumers, impacting businesses of all sizes and potentially leading to retaliatory tariffs and harming US alcohol exports.

US Alcohol Prices to Soar Under Potential 25% Tariff on Mexican and Canadian Imports

A potential 25% tariff on Mexican and Canadian alcohol imports would significantly raise prices for US consumers, impacting businesses of all sizes and potentially leading to retaliatory tariffs and harming US alcohol exports.

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What are the immediate economic consequences of a 25% tariff on alcoholic beverages imported from Mexico and Canada?

A 25% tariff on imports from Mexico and Canada would significantly increase prices for alcoholic beverages in the US. This is because the cost increase would likely be passed on to consumers by importers, impacting both large corporations and smaller businesses. Modelo and Corona beer, and tequila, face substantial price increases.

abcnews.go.com

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Nov 29, 01:52

Sheinbaum Confident of Avoiding U.S. Tariff War Despite Trump Threats

Mexican President Sheinbaum expressed confidence in averting a tariff war with the U.S. following a phone call with President-elect Trump, despite Trump's threats of 25% tariffs on Mexican and Canadian goods and 10% on Chinese goods unless illegal immigration and drug flows are stopped, and despite ...

Sheinbaum Confident of Avoiding U.S. Tariff War Despite Trump Threats

Mexican President Sheinbaum expressed confidence in averting a tariff war with the U.S. following a phone call with President-elect Trump, despite Trump's threats of 25% tariffs on Mexican and Canadian goods and 10% on Chinese goods unless illegal immigration and drug flows are stopped, and despite ...

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How might the threatened tariffs affect specific Mexican industries and the broader Mexican economy?

Trump threatened 25% tariffs on Mexican and Canadian imports unless illegal immigration and drug flows cease, alongside 10% tariffs on Chinese goods due to fentanyl production. Sheinbaum's assertion contrasts with concerns among Mexicans that tariffs could severely impact key export sectors, such as avocados, leading to economic hardship.

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