Tag #Tariffs

news.sky.com
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Bank of England Gold Outflow to New York Amid Tariff Concerns

The Governor of the Bank of England confirmed the transfer of billions of pounds of gold to New York due to fears of US tariffs, representing less than 2% of the Bank's reserves and causing logistical issues but not a shortage.

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No Poverty
french.china.org.cn
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EU-China EV Trade Dispute: Tariffs Challenged in Court

On January 27th, Tesla and BMW challenged EU tariffs on Chinese EVs in the EU Court of Justice, raising concerns about trade tensions and the EU's approach to competition in the green energy sector.

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Affordable and Clean Energy
abcnews.go.com
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Modi Seeks to Strengthen US Ties Amidst Tariff Threats

Indian Prime Minister Narendra Modi's visit to Washington this week seeks to strengthen US-India relations and avoid potential US tariffs, building on his rapport with President Trump, despite trade deficits and geopolitical complexities.

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Decent Work and Economic Growth
dw.com
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EU Weighs Measured Response to US Tariffs, Prioritizing Collaboration

Facing US tariffs, the EU is planning a proportional response, balancing retaliatory measures with a continued offer of positive collaboration, considering the economic impact on sectors like steel (18,000 directly employed and 80,000 indirectly in Poland, 300,000 directly and over 2.3 million indir...

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smh.com.au
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US Stocks Rise Despite Inflation Concerns and Tariff Uncertainty

US stocks are rising, boosted by strong corporate earnings and anticipation of President Trump's tariff announcement; however, high inflation and the potential for increased tariffs create economic uncertainty.

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40% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
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Deere's Q1 Revenue Slumps 35% Amidst Trade Uncertainty

Deere's first-quarter net sales fell 35 percent to \$6.81 billion, missing analysts' estimates of \$7.7 billion due to farmers switching to equipment rentals amid weak incomes and high borrowing costs, while facing increased input costs from tariffs.

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Zero Hunger
cbsnews.com
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Modi and Trump Meet Amidst US Tariff Concerns

Indian Prime Minister Narendra Modi met with President Trump at the White House on Thursday to discuss trade amidst the backdrop of new US tariffs on steel, aluminum, and goods from countries imposing higher tariffs on US products; India is the United States' 10th largest trading partner, and the US...

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theglobeandmail.com
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Trump Delays Tariffs, but Service Trade Retaliation Looms

President Trump's delay of tariffs on Canadian imports, prompted by Canada's planned retaliatory tariffs targeting Republican states, may be temporary due to his focus on reducing the US trade deficit and funding tax cuts, but a coordinated response from allies targeting US services trade surpluses ...

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dw.com
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Trump Secures Concessions from Allies Through Tariff Threats

Within two weeks of his return, President Trump pressured Mexico, Canada, Colombia, and Panama into concessions using threats of tariffs, temporarily avoiding their imposition in exchange for increased border security and other agreements, although the long-term effects are debated.

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Reduced Inequality
fr.euronews.com
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US Tariffs Threaten Italian Exports

Italian exports to the US, its largest non-EU market, have surged by over €15 billion under Prime Minister Meloni, but potential US tariffs threaten significant losses for sectors like wine and spirits, with negotiations occurring between the US and the EU.

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dailymail.co.uk
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Trump expresses trust in Putin, advocates for Russia's return to G7, and announces reciprocal tariffs

Following a 90-minute phone call with Vladimir Putin, President Trump voiced his support for Russia's return to the G7, advocated for a negotiated settlement in Ukraine that does not include NATO membership, and announced new reciprocal tariffs targeting unfair foreign trade practices.

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Peace, Justice, and Strong Institutions
theglobeandmail.com
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Trump's Reciprocal Tariffs Fuel Global Trade War Fears

President Trump's administration is finalizing plans for reciprocal tariffs on countries that impose duties on U.S. imports, prompting fears of a wider global trade war; the EU is preparing a response, and U.S. businesses warn of rising costs and supply chain disruptions.

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