Tag #Tariffs

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dailymail.co.uk

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May 8, 22:14

UK-US Trade Deal: Tariff Reductions Balanced Against Increased US Agricultural Imports

A new UK-US trade deal reduces tariffs on UK car exports to 10 percent, eliminates tariffs on steel, but grants increased US market access for beef and ethanol, sparking concerns among UK farmers.

UK-US Trade Deal: Tariff Reductions Balanced Against Increased US Agricultural Imports

A new UK-US trade deal reduces tariffs on UK car exports to 10 percent, eliminates tariffs on steel, but grants increased US market access for beef and ethanol, sparking concerns among UK farmers.

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What are the immediate economic impacts of the UK-US trade deal on British industries and employment?

The UK-US trade deal reduces tariffs on UK car exports to 10 percent from 27.5 percent, impacting approximately 101,000 vehicles exported last year. Steel tariffs are eliminated, benefiting the UK steel industry and potentially saving thousands of jobs. However, the deal grants increased market access for US beef and ethanol, raising concerns among UK farmers.

dw.com

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May 8, 13:20

Trump Announces Major Trade Deal, Reportedly with UK

Former US President Donald Trump announced a major trade deal with an unnamed country (reportedly the UK) on May 7, 2024, to be announced on May 8, potentially involving tariff reductions and tax incentives, following his earlier imposition of widespread tariffs on 185 countries.

Trump Announces Major Trade Deal, Reportedly with UK

Former US President Donald Trump announced a major trade deal with an unnamed country (reportedly the UK) on May 7, 2024, to be announced on May 8, potentially involving tariff reductions and tax incentives, following his earlier imposition of widespread tariffs on 185 countries.

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What specific trade concessions are expected in the announced US-UK trade deal, and what are the immediate economic consequences for both countries?

On May 7, 2024, former US President Donald Trump announced a forthcoming trade deal with a major unnamed country, slated for announcement on May 8. Reports suggest the deal is with the UK, potentially involving reduced tariffs on US cars and agricultural goods, and tax cuts for US tech companies. A statement from UK Prime Minister Keir Starmer is also expected.

nbcnews.com

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May 8, 01:18

Trump's Trade Deal Claims Contradicted by Treasury Secretary

President Trump's claim of imminent trade deals with multiple countries has been contradicted by Treasury Secretary Bessent, who reported ongoing negotiations with only 17 of 18 major trading partners, with a possible completion date at the end of the year instead of the previously stated 90 days. T...

Trump's Trade Deal Claims Contradicted by Treasury Secretary

President Trump's claim of imminent trade deals with multiple countries has been contradicted by Treasury Secretary Bessent, who reported ongoing negotiations with only 17 of 18 major trading partners, with a possible completion date at the end of the year instead of the previously stated 90 days. T...

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What are the potential economic consequences of the slower-than-expected progress in trade negotiations?

Trump's initial boast of "90 deals in 90 days" is now challenged by the slower-than-expected progress of trade negotiations. Secretary Bessent's statement that only 17 of 18 major trading partners are currently involved in discussions, and that the timeline for completing deals may extend to the end of the year, directly contradicts Trump's earlier optimistic pronouncements. This shift highlights the complexities and time constraints involved in international trade negotiations.

bbc.com

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May 8, 07:14

Trump Announces Major Trade Deal with Unnamed Country

US President Donald Trump announced a "major trade deal" with an unnamed "big, and highly respected, country," to be detailed in a Washington DC news conference at 10:00 AM, following earlier tariff impositions on multiple trading partners and a 90-day pause.

Trump Announces Major Trade Deal with Unnamed Country

US President Donald Trump announced a "major trade deal" with an unnamed "big, and highly respected, country," to be detailed in a Washington DC news conference at 10:00 AM, following earlier tariff impositions on multiple trading partners and a 90-day pause.

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What are the potential underlying causes for this deal, considering the recent tariff changes and ongoing trade disputes?

This deal follows Trump's April 2nd imposition of tariffs on numerous trading partners, prompting a scramble for new agreements before a 90-day deadline. While Trump maintained a 10% global tariff on the UK, it was spared higher tariffs. This new trade deal would be the first since the tariff announcements.

dailymail.co.uk

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May 8, 07:14

Bessent Urges US Investment Amid Trump's Tariff Stance

At the Milken Institute Global Conference, Treasury Secretary Scott Bessent reassured investors that President Trump remains committed to tariffs and urged investment in US manufacturing and job creation, contrasting with critics like Ken Griffin who fear negative impacts on America's global standin...

Bessent Urges US Investment Amid Trump's Tariff Stance

At the Milken Institute Global Conference, Treasury Secretary Scott Bessent reassured investors that President Trump remains committed to tariffs and urged investment in US manufacturing and job creation, contrasting with critics like Ken Griffin who fear negative impacts on America's global standin...

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How do the reactions of investors like Ken Griffin contrast with the administration's approach, and what are the underlying reasons for this divergence?

Bessent's message directly addresses investor anxieties following a temporary tariff suspension. By highlighting the administration's long-term strategy to bolster US manufacturing and employment, he aims to attract domestic investment. This contrasts with critics like Ken Griffin, who fear the president's approach risks harming America's global standing.

theguardian.com

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May 8, 22:14

Trump Announces Partial Trade Deal with UK, Leaving Key Details Unresolved

US President Donald Trump announced a trade agreement with the UK on Thursday, reversing course on some tariff policies, despite many crucial details left for future negotiations which observers predict will last for months.

Trump Announces Partial Trade Deal with UK, Leaving Key Details Unresolved

US President Donald Trump announced a trade agreement with the UK on Thursday, reversing course on some tariff policies, despite many crucial details left for future negotiations which observers predict will last for months.

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What are the potential causes of conflict during upcoming negotiations, and how might these affect the final agreement?

Trump's announcement signals a shift in his tariff policies, potentially impacting future deals with Japan, South Korea, Australia, and the EU. The immediate market reaction was positive, driven primarily by the political implications rather than the deal's specifics. This "agreement to negotiate" showcases a willingness from both sides to reach a deal but highlights many outstanding issues.

theguardian.com

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May 8, 22:14

US-UK Trade Deal Offers Partial Tariff Relief to British Manufacturers

A new US-UK trade deal announced on Thursday partially reduces tariffs on UK car exports (to 10% on a quota of 100,000 cars), removes tariffs on steel exports, and exempts Rolls-Royce engines from tariffs, causing share prices of Aston Martin and Rolls-Royce to rise; however, a 10% tariff will remai...

US-UK Trade Deal Offers Partial Tariff Relief to British Manufacturers

A new US-UK trade deal announced on Thursday partially reduces tariffs on UK car exports (to 10% on a quota of 100,000 cars), removes tariffs on steel exports, and exempts Rolls-Royce engines from tariffs, causing share prices of Aston Martin and Rolls-Royce to rise; however, a 10% tariff will remai...

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What are the immediate impacts of the new US-UK trade deal on British manufacturers, and what specific sectors benefit most?

The new US-UK trade deal partially reduces tariffs on UK cars, jet engines, and steel exported to the US. Aston Martin Lagonda and Rolls-Royce share prices increased following the announcement. However, a 10% tariff remains on many other UK exports.

bbc.com

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May 8, 13:19

UK Secures Limited Trade Deal with US, Boosting Trade Amidst Political Pressure

The UK and US have reached a limited trade agreement focusing on tariff reductions for specific goods, following a major trade deal with India that will boost UK trade by £25.5 billion and GDP by £4.8 billion annually; the agreement comes amidst political pressure on Prime Minister Starmer after rec...

UK Secures Limited Trade Deal with US, Boosting Trade Amidst Political Pressure

The UK and US have reached a limited trade agreement focusing on tariff reductions for specific goods, following a major trade deal with India that will boost UK trade by £25.5 billion and GDP by £4.8 billion annually; the agreement comes amidst political pressure on Prime Minister Starmer after rec...

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How does this US-UK trade deal relate to recent UK trade agreements, and what are the political implications for Prime Minister Starmer?

This US-UK agreement is a significant achievement for Prime Minister Starmer, offering a political boost after recent election setbacks. It's a more limited deal than a comprehensive free trade agreement, focusing on targeted tariff reductions on goods like steel, cars, pharmaceuticals, and technology. The deal prioritizes sectors representing the bulk of UK exports to the US.

euronews.com

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May 8, 07:14

Fed Holds Rates Amid Tariff Uncertainty

The Federal Reserve kept interest rates unchanged at 4.3% for the third straight meeting, defying market expectations for a rate cut amid uncertainty over the impact of tariffs on inflation and unemployment; Chair Jerome Powell stated that the Fed will proceed cautiously based on economic data.

Fed Holds Rates Amid Tariff Uncertainty

The Federal Reserve kept interest rates unchanged at 4.3% for the third straight meeting, defying market expectations for a rate cut amid uncertainty over the impact of tariffs on inflation and unemployment; Chair Jerome Powell stated that the Fed will proceed cautiously based on economic data.

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What is the immediate impact of the Fed's decision to maintain interest rates, and what are the potential global economic consequences?

The Federal Reserve (Fed) held its key interest rate steady at 4.3% for the third consecutive meeting, defying expectations of a rate cut from many economists and investors. Chair Jerome Powell emphasized that while tariffs have negatively impacted sentiment, their economic harm remains unclear, necessitating a "wait-and-see" approach. The Fed faces the unusual dilemma of potential inflation and unemployment rises simultaneously.

china.org.cn

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May 8, 07:14

Fed Holds Interest Rates Amid Tariff Uncertainty

The U.S. Federal Reserve maintained its benchmark interest rate at 4.25-4.5 percent on Wednesday, citing uncertainty about the economic impact of the Trump administration's tariff policies, while acknowledging potential risks of higher inflation and slower growth.

Fed Holds Interest Rates Amid Tariff Uncertainty

The U.S. Federal Reserve maintained its benchmark interest rate at 4.25-4.5 percent on Wednesday, citing uncertainty about the economic impact of the Trump administration's tariff policies, while acknowledging potential risks of higher inflation and slower growth.

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What are the potential longer-term consequences of the tariffs on inflation and unemployment?

The Fed's decision reflects a cautious approach to managing inflation risks and economic slowdown potentially caused by tariffs. Chair Powell acknowledged concerns about inflation and economic shocks from tariffs, emphasizing the uncertainty surrounding the long-term impacts of the administration's policies. Governor Waller also voiced concerns about potential job losses and a possible recession if tariffs persist.

theguardian.com

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May 8, 22:14

US-UK Trade Deal: Targeted Tariff Reductions, Limited Economic Impact

The US and UK reached a trade agreement reducing tariffs on car exports and eliminating them for steel and aluminum, while maintaining a 10% tariff on most other goods; in exchange, the UK opened its market to some US agricultural products and reduced ethanol tariffs.

US-UK Trade Deal: Targeted Tariff Reductions, Limited Economic Impact

The US and UK reached a trade agreement reducing tariffs on car exports and eliminating them for steel and aluminum, while maintaining a 10% tariff on most other goods; in exchange, the UK opened its market to some US agricultural products and reduced ethanol tariffs.

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What are the immediate economic consequences of the US-UK trade deal for key UK sectors?

The US-UK trade agreement reduces tariffs on 100,000 car exports to the US, significantly benefiting Jaguar Land Rover and other UK car manufacturers. Steel and aluminum tariffs will be eliminated, boosting these sectors. However, a 10% tariff on all other UK exports remains, limiting the overall economic impact.

theglobeandmail.com

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May 8, 22:14

Shopify Q1 Beats Estimates but Stock Slumps on Outlook

Shopify exceeded Q1 2024 revenue expectations at $2.4 billion (up 27 percent), but its stock fell due to a less-than-stellar outlook; the company cites a high-income customer base and proactive tariff mitigation strategies as key to its success.

Shopify Q1 Beats Estimates but Stock Slumps on Outlook

Shopify exceeded Q1 2024 revenue expectations at $2.4 billion (up 27 percent), but its stock fell due to a less-than-stellar outlook; the company cites a high-income customer base and proactive tariff mitigation strategies as key to its success.

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How did Shopify mitigate the potential negative impacts of tariffs and trade uncertainties during Q1 2024?

Shopify's Q1 success stemmed from a diversified merchant and consumer base, with over half of U.S. customers having incomes exceeding $100,000. This, combined with strategic tools to navigate tariffs, helped mitigate the impact of trade uncertainties.

Showing 625 to 636 of 3,228 results