Tag #Tariffs

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english.kyodonews.net

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Feb 20, 07:11

Trump Eyes New China Trade Deal; Japan Cautious on US Tariffs

President Trump voiced optimism about a new U.S.-China trade deal, citing his relationship with President Xi, while Japan's government reported moderate economic recovery but expressed concern over U.S. tariffs impacting exports.

Trump Eyes New China Trade Deal; Japan Cautious on US Tariffs

President Trump voiced optimism about a new U.S.-China trade deal, citing his relationship with President Xi, while Japan's government reported moderate economic recovery but expressed concern over U.S. tariffs impacting exports.

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What are the long-term global economic risks associated with the ongoing U.S.-China trade tensions?

Future trade relations between the U.S. and China, and the potential impact on global economic growth, remain uncertain, based on Trump's statements. Japan's continued economic recovery depends on resolving these international trade concerns.

pt.euronews.com

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Feb 20, 13:10

Trump Imposes 25% Tariffs on EU Goods

President Trump announced 25% tariffs on EU imports of cars, pharmaceuticals, and chips, citing a $350 billion trade deficit and the EU's higher import taxes on US vehicles, escalating trade tensions.

Trump Imposes 25% Tariffs on EU Goods

President Trump announced 25% tariffs on EU imports of cars, pharmaceuticals, and chips, citing a $350 billion trade deficit and the EU's higher import taxes on US vehicles, escalating trade tensions.

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What are the immediate consequences of President Trump's new tariffs on European imports?

President Trump announced 25% tariffs on EU imports of cars, pharmaceuticals, and chips, citing unfair treatment of US exports. He specifically highlighted a $350 billion trade deficit and the EU's 10% car import tax compared to the US's 2.5% tax. This action escalates existing trade tensions.

elmundo.es

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Feb 20, 19:10

EU Seeks to Avert Trade War with US Amid Tariff Concerns

EU Vice President Sefcovic met with US officials in Washington to discuss trade concerns, emphasizing the need to avoid a trade war that would harm both blocs and global commerce, despite a US goods trade deficit with the EU.

EU Seeks to Avert Trade War with US Amid Tariff Concerns

EU Vice President Sefcovic met with US officials in Washington to discuss trade concerns, emphasizing the need to avoid a trade war that would harm both blocs and global commerce, despite a US goods trade deficit with the EU.

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How do differing perspectives on trade fairness and historical economic relationships influence the current US-EU trade negotiations?

The EU highlights the significant economic interdependence between the two entities, citing $1.7 trillion in annual trade and millions of jobs at stake. While the US has a goods trade deficit with the EU, it holds a services surplus, diminishing the overall imbalance.

nbcnews.com

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Feb 20, 19:11

Walmart anticipates tariff impacts, stock drops 6%

Walmart anticipates impacts from potential tariffs on goods from Canada and Mexico, despite two-thirds of its products being sourced domestically; its stock dropped 6% following the announcement, and the CFO confirmed price increases for consumers are likely.

Walmart anticipates tariff impacts, stock drops 6%

Walmart anticipates impacts from potential tariffs on goods from Canada and Mexico, despite two-thirds of its products being sourced domestically; its stock dropped 6% following the announcement, and the CFO confirmed price increases for consumers are likely.

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What is the immediate impact of potential tariffs on Walmart and how might these impacts affect consumers?

Walmart, while primarily sourcing products domestically, anticipates potential impacts from new tariffs, particularly those targeting Canada and Mexico. The company's CFO confirmed that they are not immune and will adjust strategies, including working with suppliers and shifting supply chains, to mitigate cost increases. Walmart's stock price dropped 6% on this news.

cbsnews.com

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Feb 20, 22:08

Walmart Stock Tumbles on Dim 2025 Outlook

Walmart's stock plummeted 6.7% after reporting Q4 2023 earnings of $0.66 per share and issuing a 2025 sales and profit forecast significantly below analyst projections, citing economic uncertainty and tariff risks.

Walmart Stock Tumbles on Dim 2025 Outlook

Walmart's stock plummeted 6.7% after reporting Q4 2023 earnings of $0.66 per share and issuing a 2025 sales and profit forecast significantly below analyst projections, citing economic uncertainty and tariff risks.

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How do the projected sales figures compare to analyst expectations, and what factors explain the discrepancy?

Walmart's disappointing forecast reflects broader economic headwinds, including inflation and consumer pullback on discretionary spending. The projected 3-4% sales increase for 2024 falls significantly below analyst predictions of 708.72 billion dollars, indicating a potential slowdown in consumer spending. Increased grocery prices, a core component of Walmart's business, are a notable contributor.

smh.com.au

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Feb 20, 22:08

Walmart's Profit Forecast Triggers Wall Street Downturn

Walmart's lower-than-expected profit forecast caused a 0.9 percent drop in the S&P 500, a 1.4 percent drop (642 points) in the Dow Jones, and a 0.9 percent drop in the Nasdaq, impacting other retailers like Costco and Target, while the Australian dollar rose 1 percent to 64.01 US cents.

Walmart's Profit Forecast Triggers Wall Street Downturn

Walmart's lower-than-expected profit forecast caused a 0.9 percent drop in the S&P 500, a 1.4 percent drop (642 points) in the Dow Jones, and a 0.9 percent drop in the Nasdaq, impacting other retailers like Costco and Target, while the Australian dollar rose 1 percent to 64.01 US cents.

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What was the primary cause of Wall Street's retreat from record highs, and what were its immediate consequences for major US stock indexes?

Walmart's disappointing profit forecast, despite exceeding quarterly profit expectations, triggered a 6.3 percent drop in its stock price and a broader market downturn. The S&P 500 fell 0.9 percent, the Dow Jones dropped 1.4 percent (642 points), and the Nasdaq composite also decreased by 0.9 percent. This negatively impacted other retail giants, such as Costco, Target, and Amazon.

kathimerini.gr

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Feb 20, 10:08

EU Rejects Potential US Tariffs, Vows Strong Response

EU Trade Commissioner Sefcovic rejects US President Trump's potential imposition of additional tariffs on EU products, citing the EU's trade openness and the overall balance in trade relations, and is prepared for a strong and swift response if implemented.

EU Rejects Potential US Tariffs, Vows Strong Response

EU Trade Commissioner Sefcovic rejects US President Trump's potential imposition of additional tariffs on EU products, citing the EU's trade openness and the overall balance in trade relations, and is prepared for a strong and swift response if implemented.

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How does the EU's trade openness compare to claims of high tariffs imposed by the EU, and what evidence supports its stance?

Sefcovic's statement highlights a significant trade dispute between the EU and US, potentially escalating existing tensions. While acknowledging some higher tariffs on specific products in both markets, he emphasizes the overall balance in trade relations, with average EU tariffs on US products at 0.9% compared to 1.5% for EU products in the US. This highlights the EU's assertion that a unilateral tariff increase is unjustified.

npr.org

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Feb 20, 13:10

Steel and Aluminum Tariffs to Hike Canned Goods Prices

President Trump's new 25% tariff on imported steel and aluminum, effective March 12, will likely raise prices of canned goods due to U.S. reliance on foreign materials, especially tin mill steel (70% imported) for steel cans, and impacting businesses like Alter Brewing Co. and Heyday Canning Co.

Steel and Aluminum Tariffs to Hike Canned Goods Prices

President Trump's new 25% tariff on imported steel and aluminum, effective March 12, will likely raise prices of canned goods due to U.S. reliance on foreign materials, especially tin mill steel (70% imported) for steel cans, and impacting businesses like Alter Brewing Co. and Heyday Canning Co.

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What are the immediate consequences of the 25% tariff on imported steel and aluminum for American consumers?

President Trump's announcement of a 25% tariff on imported steel and aluminum will likely increase the price of canned goods for American consumers. This is because U.S. can manufacturers rely heavily on imported materials, particularly tin mill steel for steel cans (70%). The resulting cost increase will be passed on to consumers.

forbes.com

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Feb 20, 19:11

Walmart Stock Plunges, Walton Family Loses Billions

Walmart's stock plummeted, causing a $51 billion market cap loss and billions in losses for the Walton family due to a weaker-than-expected 2025 forecast and concerns about President Trump's tariffs.

Walmart Stock Plunges, Walton Family Loses Billions

Walmart's stock plummeted, causing a $51 billion market cap loss and billions in losses for the Walton family due to a weaker-than-expected 2025 forecast and concerns about President Trump's tariffs.

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How do Walmart's concerns regarding tariffs and currency exchange rates contribute to its less optimistic financial projections?

The Walton family, owners of Walmart, suffered billions in net worth losses due to the company's decreased stock value. This is directly linked to Walmart's less optimistic financial outlook and anticipated effects of tariffs, highlighting the vulnerability of immense wealth to market fluctuations.

theglobeandmail.com

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Feb 20, 22:07

U.S. Tariffs on Canadian Potash Threaten American Farmers

American farmers face significant cost increases due to proposed 25 percent U.S. tariffs on Canadian potash, impacting the fertilizer market and potentially affecting food prices; Nutrien Ltd. reported lower earnings due to market challenges.

U.S. Tariffs on Canadian Potash Threaten American Farmers

American farmers face significant cost increases due to proposed 25 percent U.S. tariffs on Canadian potash, impacting the fertilizer market and potentially affecting food prices; Nutrien Ltd. reported lower earnings due to market challenges.

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What are the immediate economic consequences for U.S. farmers if the U.S. implements tariffs on Canadian potash imports?

U.S. tariffs on Canadian goods will significantly impact American farmers, who rely on Canada for over 80 percent of their potash, a crucial fertilizer component. This dependence, highlighted by Nutrien Ltd. CEO Ken Seitz, means higher costs and reduced profitability for U.S. agriculture.

english.kyodonews.net

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Feb 20, 07:11

Japan's Economy Shows Moderate Recovery Amid US Tariff Concerns

Japan's February economic report indicates moderate recovery, with strong Asian exports offset by weak consumer spending and concerns over US tariffs that could severely impact the auto sector, representing roughly one-third of exports to the US in 2024.

Japan's Economy Shows Moderate Recovery Amid US Tariff Concerns

Japan's February economic report indicates moderate recovery, with strong Asian exports offset by weak consumer spending and concerns over US tariffs that could severely impact the auto sector, representing roughly one-third of exports to the US in 2024.

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What is the immediate impact of the US tariff plan on Japan's economic outlook?

Japan's economy is showing moderate recovery, according to the government's February report. While exports are improving due to strong Asian demand, consumer spending remains sluggish. The report highlights concerns over US tariffs, which could significantly impact Japan's auto sector, representing roughly one-third of exports to the US in 2024.

forbes.com

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Feb 20, 22:08

Walmart Stock Drops on Slower Growth Forecast Amid Tariff Concerns

Walmart's stock fell 6.7% after reporting strong 2024 results but predicting slower 2025 growth due to potential tariff increases dampening consumer spending on non-essentials; despite exceeding Q4 revenue and earnings estimates, the company forecasts reduced profit growth.

Walmart Stock Drops on Slower Growth Forecast Amid Tariff Concerns

Walmart's stock fell 6.7% after reporting strong 2024 results but predicting slower 2025 growth due to potential tariff increases dampening consumer spending on non-essentials; despite exceeding Q4 revenue and earnings estimates, the company forecasts reduced profit growth.

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What are the potential long-term consequences of slower consumer spending on Walmart and the broader economy?

Walmart's future performance hinges on navigating macroeconomic uncertainty. The impact of tariffs on consumer spending and the potential for job losses remain key risks. While Walmart's low prices and convenience strategy offer resilience, maintaining current growth levels in the face of these challenges will be difficult.

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