Tag #Tariffs

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politico.eu

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Feb 15, 19:08

EU Seeks to Avert Trade War with U.S. Amid New Tariffs

EU trade chief Maroš Šefčovič will travel to Washington next week for high-level meetings to address potential trade war with the U.S., following the U.S. announcement of reciprocal tariffs on European goods and services, which could affect over €1.5 trillion in annual trade.

EU Seeks to Avert Trade War with U.S. Amid New Tariffs

EU trade chief Maroš Šefčovič will travel to Washington next week for high-level meetings to address potential trade war with the U.S., following the U.S. announcement of reciprocal tariffs on European goods and services, which could affect over €1.5 trillion in annual trade.

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What immediate actions are the EU taking to mitigate the potential economic consequences of a trade war with the United States?

Maroš Šefčovič, the EU's trade chief, will travel to Washington next week for high-level meetings to address the looming threat of a trade war with the U.S. The EU's trade surplus with the U.S. in goods (€1.5 trillion annually) and the recent announcement of reciprocal tariffs by the U.S. are central to the discussions. President von der Leyen has pledged to defend EU economic interests.

euronews.com

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Feb 15, 07:06

Trump Orders Investigation into Reciprocal Tariffs, Targeting EU and Other Nations

President Trump initiated an investigation into reciprocal tariffs on Thursday, targeting unfair trade practices by other nations, including the EU's VAT system, potentially impacting the pharmaceutical and automotive sectors, and set to be completed by April 1st.

Trump Orders Investigation into Reciprocal Tariffs, Targeting EU and Other Nations

President Trump initiated an investigation into reciprocal tariffs on Thursday, targeting unfair trade practices by other nations, including the EU's VAT system, potentially impacting the pharmaceutical and automotive sectors, and set to be completed by April 1st.

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How do the proposed reciprocal tariffs target specific countries or sectors, and what are the underlying causes of this trade dispute?

This investigation targets unfair trade practices, particularly the European Union's VAT system, due to a significant US trade deficit with the EU of $267 billion in 2024. The reciprocal tariffs, once implemented, will heavily impact European pharmaceutical and automotive sectors, potentially impacting companies like Novo Nordisk. This action follows the imposition of prior tariffs on steel, aluminum, and Chinese goods, representing an escalation of trade protectionism.

theguardian.com

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Feb 15, 19:08

UK Announces £2.5bn Steel Investment Amid US Tariff Threat

Faced with US tariffs on steel imports threatening over £400 million in UK exports, the UK government announced a £2.5 billion investment to bolster its steel industry, focusing on innovative projects and electric arc furnaces to ensure long-term sustainability and competitiveness.

UK Announces £2.5bn Steel Investment Amid US Tariff Threat

Faced with US tariffs on steel imports threatening over £400 million in UK exports, the UK government announced a £2.5 billion investment to bolster its steel industry, focusing on innovative projects and electric arc furnaces to ensure long-term sustainability and competitiveness.

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What is the UK government's immediate response to the US tariffs on steel and aluminum, and what are the direct economic implications for the UK steel industry?

The UK government announced a £2.5bn investment in its steel industry in response to US tariffs on steel and aluminum imports. This follows the US president's decision to impose a 25% tariff on steel imports, threatening over £400 million in UK steel exports annually. The government aims to bolster the industry and secure its role as a primary supplier for UK infrastructure projects.

bbc.com

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Feb 14, 04:07

Trump Announces US-India Energy Deal Amidst New Tariff Policy

US President Trump and Indian Prime Minister Narendra Modi announced an energy deal where India will import more US oil and gas, aiming to reduce the trade deficit between the two countries; the deal also includes increased sales of US military hardware to India. This comes amid Trump's announcement...

Trump Announces US-India Energy Deal Amidst New Tariff Policy

US President Trump and Indian Prime Minister Narendra Modi announced an energy deal where India will import more US oil and gas, aiming to reduce the trade deficit between the two countries; the deal also includes increased sales of US military hardware to India. This comes amid Trump's announcement...

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What is the immediate impact of the new energy deal between the US and India?

Trump announced a deal with India for increased US oil and gas imports to reduce the trade deficit. Modi stated India will prioritize oil and gas trade for energy security, also pledging increased nuclear energy investment. The deal includes increased US military hardware sales to India, potentially including F-35 fighter jets.

es.euronews.com

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Feb 14, 10:08

Trump's Reciprocal Tariffs Spark Potential Trade War

President Trump signed an executive order on Thursday implementing reciprocal tariffs matching those imposed by other countries on US imports, aiming to eliminate trade imbalances and potentially sparking global economic tensions.

Trump's Reciprocal Tariffs Spark Potential Trade War

President Trump signed an executive order on Thursday implementing reciprocal tariffs matching those imposed by other countries on US imports, aiming to eliminate trade imbalances and potentially sparking global economic tensions.

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What are the immediate economic consequences of President Trump's plan to implement reciprocal tariffs?

President Trump signed an executive order implementing reciprocal tariffs to match those imposed by other countries on US imports. This aims to address trade imbalances, potentially sparking economic confrontations with allies and rivals. The plan could lead to higher prices for American consumers and businesses.

bbc.com

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Feb 14, 13:11

Modi-Trump Talks: Increased US Military Sales to India, Trade Deal in the Works

During Indian Prime Minister Narendra Modi's visit to Washington, the US announced increased military sales to India, including potential F-35 sales, and expanded oil and gas exports to narrow the trade deficit; both sides agreed to negotiate a trade deal and a new defense framework, and the US appr...

Modi-Trump Talks: Increased US Military Sales to India, Trade Deal in the Works

During Indian Prime Minister Narendra Modi's visit to Washington, the US announced increased military sales to India, including potential F-35 sales, and expanded oil and gas exports to narrow the trade deficit; both sides agreed to negotiate a trade deal and a new defense framework, and the US appr...

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How might the new defense framework impact future military cooperation between India and the US?

The visit aimed to strengthen US-India relations, focusing on defense and trade. Discussions included a potential trade deal to address the trade imbalance and a new defense framework to streamline military sales and technology transfer. The extradition of Tahawwur Rana signifies improved counter-terrorism cooperation.

theglobeandmail.com

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Feb 15, 01:08

US "De Minimis" Exemption Threat Shakes Canadian E-Commerce

The threatened elimination of the US "de minimis" exemption, which allows duty-free imports under US$800, creates uncertainty for Canadian e-commerce businesses, forcing many to scale back investments or increase prices while others adapt by shipping to US warehouses, highlighting the need for predi...

US "De Minimis" Exemption Threat Shakes Canadian E-Commerce

The threatened elimination of the US "de minimis" exemption, which allows duty-free imports under US$800, creates uncertainty for Canadian e-commerce businesses, forcing many to scale back investments or increase prices while others adapt by shipping to US warehouses, highlighting the need for predi...

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How does the threatened change to the "de minimis" exemption affect various sizes of Canadian businesses differently?

This disruption stems from the US administration's threat to eliminate the "de minimis" exemption, impacting businesses that structured their pricing and operations around it. The threat, though temporarily paused for Canadian imports, highlights the vulnerability of cross-border e-commerce and the need for predictable trade policies. The exemption's removal would disproportionately affect smaller Canadian businesses while potentially leveling the playing field against large Chinese competitors.

kathimerini.gr

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Feb 15, 13:09

Trump's Reciprocal Tariffs Threaten US Economic Stability

Donald Trump's proposed reciprocal tariffs on US imports, to match those levied on US exports, risk increased inflation and minimal economic benefits; this contradicts WTO principles and would not effectively target the EU.

Trump's Reciprocal Tariffs Threaten US Economic Stability

Donald Trump's proposed reciprocal tariffs on US imports, to match those levied on US exports, risk increased inflation and minimal economic benefits; this contradicts WTO principles and would not effectively target the EU.

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How would Trump's tariff plan disproportionately affect different trading partners?

This reciprocal tariff strategy would disproportionately impact goods from emerging markets imposing the highest tariffs, leading to inflation and no short-term economic benefit for the US. It wouldn't effectively target the EU, which has a 1.2% average tariff on US goods.

nos.nl

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Feb 15, 19:08

Trump's Tariffs Undermine World Trade Organization

The U.S. imposition of import tariffs under President Trump threatens the stability of the World Trade Organization (WTO), raising concerns about a potential trade war and disproportionately affecting smaller nations.

Trump's Tariffs Undermine World Trade Organization

The U.S. imposition of import tariffs under President Trump threatens the stability of the World Trade Organization (WTO), raising concerns about a potential trade war and disproportionately affecting smaller nations.

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What are the immediate consequences of the U.S.'s imposition of import tariffs on global trade stability?

The U.S., under President Trump, has imposed numerous import tariffs, jeopardizing the stability and predictability of global trade. This has raised concerns among multinational corporations and experts, who fear a return to protectionist trade policies.

europe.chinadaily.com.cn

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Feb 14, 07:09

Trump's Tariff Suspension After De Minimis Revocation Disrupts US-China E-Commerce

President Trump temporarily suspended tariffs on small packages from China after revoking a duty-free policy for shipments under $800, creating a backlog of millions of packages and impacting US-China trade relations, particularly for e-commerce giants like Shein and Temu.

Trump's Tariff Suspension After De Minimis Revocation Disrupts US-China E-Commerce

President Trump temporarily suspended tariffs on small packages from China after revoking a duty-free policy for shipments under $800, creating a backlog of millions of packages and impacting US-China trade relations, particularly for e-commerce giants like Shein and Temu.

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What were the immediate consequences of the US government's temporary suspension of tariffs on small packages from China after revoking the de minimis tariff exemption?

President Trump's temporary suspension of tariffs on small packages from China, following the revocation of the de minimis tariff exemption, caused initial chaos for the USPS and disrupted US-China trade relations, particularly in e-commerce. The exemption's revocation, effective February 4th, led to a backlog of millions of packages.

spanish.china.org.cn

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Feb 14, 10:08

Trump's Reciprocal Tariffs Risk Trade War

On February 4th, 2025, President Donald Trump signed a memorandum ordering reciprocal tariffs on foreign trade partners to reduce the US trade deficit, contradicting the WTO's understanding of reciprocity and potentially increasing US tariffs by 10-15 percent, which could negatively impact the US ec...

Trump's Reciprocal Tariffs Risk Trade War

On February 4th, 2025, President Donald Trump signed a memorandum ordering reciprocal tariffs on foreign trade partners to reduce the US trade deficit, contradicting the WTO's understanding of reciprocity and potentially increasing US tariffs by 10-15 percent, which could negatively impact the US ec...

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What is the immediate impact of President Trump's new reciprocal tariff policy?

On February 4th, 2025, President Trump signed a memorandum directing his administration to impose reciprocal tariffs on foreign trade partners. This means that the US will charge the same tariffs that other countries charge the US. The goal is to reduce America's trade deficit.

theglobeandmail.com

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Feb 14, 13:11

US Stock Futures Pause Amidst Tariff Uncertainty, Strong Weekly Gains Expected

On Friday, U.S. stock index futures paused, awaiting clarity on President Trump's reciprocal tariff plans, while major indexes were set for strong weekly gains due to positive economic data and strong corporate earnings; however, the January retail sales figures and comments from the Dallas Fed Pres...

US Stock Futures Pause Amidst Tariff Uncertainty, Strong Weekly Gains Expected

On Friday, U.S. stock index futures paused, awaiting clarity on President Trump's reciprocal tariff plans, while major indexes were set for strong weekly gains due to positive economic data and strong corporate earnings; however, the January retail sales figures and comments from the Dallas Fed Pres...

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How do the recent positive economic data points, such as producer prices and corporate earnings, counterbalance the uncertainty surrounding the potential for a wider trade war?

Trump's tariff plans, while initially causing concern, have been met with muted investor reaction, at least temporarily. This suggests investors are focusing on other economic indicators such as inflation and economic confidence. The delay in imposing tariffs allows for investigation and negotiation, potentially easing trade war fears.

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