Tag #Tariffs

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cnnespanol.cnn.com

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Jul 22, 22:14

Trump Announces US-Philippines Trade Deal with 19% Tariff on Philippine Goods

President Donald Trump announced a trade agreement with the Philippines on Tuesday, imposing a 19% tariff on Philippine products while US goods are exempt; the agreement follows a White House meeting, though details remain limited, and US imports from the Philippines totaled $14 billion last year.

Trump Announces US-Philippines Trade Deal with 19% Tariff on Philippine Goods

President Donald Trump announced a trade agreement with the Philippines on Tuesday, imposing a 19% tariff on Philippine products while US goods are exempt; the agreement follows a White House meeting, though details remain limited, and US imports from the Philippines totaled $14 billion last year.

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How does this trade deal compare to Trump's previous agreements, and what are the potential underlying reasons for the differing tariff approaches?

The agreement contrasts with Trump's previous trade deals, which typically involved lower tariffs than initially threatened. This deal sets a 19% tariff on Philippine goods, despite a prior threat of 20% and a temporary 17% reciprocal tariff in April. US imports from the Philippines totaled $14 billion in 2022, encompassing electronics, food, machinery, and apparel.

corriere.it

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Jul 21, 13:15

EU Prepares for Trade War with US as August 1st Deadline Looms

Facing potential 15%+ US tariffs on EU imports by August 1st, the EU is preparing strong countermeasures against US companies, with Germany shifting its stance; Confindustria estimates a 0.8% reduction in Italy's 2027 GDP with 30% tariffs.

EU Prepares for Trade War with US as August 1st Deadline Looms

Facing potential 15%+ US tariffs on EU imports by August 1st, the EU is preparing strong countermeasures against US companies, with Germany shifting its stance; Confindustria estimates a 0.8% reduction in Italy's 2027 GDP with 30% tariffs.

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What immediate economic consequences could result from a failure to reach a US-EU trade agreement by August 1st?

The EU is preparing retaliatory measures against US companies if a trade deal isn't reached by August 1st, driven by Germany's shift in stance and the threat of 15%+ US tariffs on EU imports. Confindustria estimates a 0.8% reduction in Italy's 2027 GDP with 30% tariffs, impacting exports significantly.

finanza.repubblica.it

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Jul 21, 22:12

Italy Fears $40 Billion Export Loss in US-EU Tariff Dispute

Italy actively supports EU efforts to avoid a trade war with the US by August 1st, fearing a potential €38 billion drop (58% of US sales) in Italian exports, negatively impacting the Italian GDP.

Italy Fears $40 Billion Export Loss in US-EU Tariff Dispute

Italy actively supports EU efforts to avoid a trade war with the US by August 1st, fearing a potential €38 billion drop (58% of US sales) in Italian exports, negatively impacting the Italian GDP.

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What are the potential economic consequences for Italy if the US-EU tariff negotiations fail by August 1st?

The EU and US are negotiating to avoid imposing tariffs by August 1st. Italy's foreign minister, Antonio Tajani, supports the EU's efforts for a fair agreement, emphasizing that a trade war would be devastating for both continents. The Italian government is actively involved in supporting export growth, particularly focusing on markets in Asia, Africa, and Latin America.

npr.org

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Jul 21, 01:11

Trump Tariffs Devastate Lesotho's Garment Industry, Triggering National Disaster

President Trump's 50% tariff on Lesotho's garment industry, imposed in April, has led to the loss of 12,000 direct jobs and 40,000 total jobs, prompting a two-year national state of disaster in the already impoverished African nation, where unemployment is near 50%.

Trump Tariffs Devastate Lesotho's Garment Industry, Triggering National Disaster

President Trump's 50% tariff on Lesotho's garment industry, imposed in April, has led to the loss of 12,000 direct jobs and 40,000 total jobs, prompting a two-year national state of disaster in the already impoverished African nation, where unemployment is near 50%.

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How did the 50% tariff affect Lesotho's garment workers and related industries, considering the existing high unemployment rate and the prevalence of HIV/AIDS among workers?

The tariffs, implemented in April, immediately halted many factory orders, leading to factory closures and reduced work hours for remaining employees. This situation disproportionately affects women, many of whom are single mothers living with HIV, further exacerbating existing socio-economic challenges in a country already facing high youth unemployment (around 50%).",

repubblica.it

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Jul 21, 13:15

Stellantis Q2 Deliveries Drop 6% Amid US Tariff Impacts

Stellantis reported a 6% decline in global vehicle deliveries to 1.4 million units in Q2 2025, attributing the drop to US tariffs causing a €300 million expense increase and impacting stock prices. North American deliveries plummeted by 25%, while Europe saw a 6% decrease due to product transitions....

Stellantis Q2 Deliveries Drop 6% Amid US Tariff Impacts

Stellantis reported a 6% decline in global vehicle deliveries to 1.4 million units in Q2 2025, attributing the drop to US tariffs causing a €300 million expense increase and impacting stock prices. North American deliveries plummeted by 25%, while Europe saw a 6% decrease due to product transitions....

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What is the primary reason for Stellantis' significant drop in Q2 2025 vehicle deliveries, and what are the immediate financial consequences?

Stellantis reported a 6% drop in global deliveries to 1.4 million units in Q2 2025, primarily due to US tariffs impacting production. This resulted in a €300 million increase in expenses and negatively affected stock prices, which fell 3%.

smh.com.au

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Jul 20, 22:10

US Stocks Largely Unchanged Despite Trump's Tariff Threat

US stock markets showed resilience despite a Financial Times report suggesting President Trump may impose 15-20 percent tariffs on EU goods; the S&P 500 closed at 6,296.20, and the Nasdaq at 20,894.98, while mixed economic data and corporate earnings reports offered limited insights into the impact ...

US Stocks Largely Unchanged Despite Trump's Tariff Threat

US stock markets showed resilience despite a Financial Times report suggesting President Trump may impose 15-20 percent tariffs on EU goods; the S&P 500 closed at 6,296.20, and the Nasdaq at 20,894.98, while mixed economic data and corporate earnings reports offered limited insights into the impact ...

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What was the immediate market reaction to the Financial Times report on potential new US tariffs on EU products, and what were the key closing values for major indices?

The S&P 500 and Nasdaq ended Friday largely unchanged despite an earlier dip caused by a Financial Times report suggesting President Trump might impose steep tariffs on EU products. The report indicated potential tariffs between 15-20 percent, impacting market sentiment before a partial recovery. Specific closing values included the S&P 500 at 6,296.20 and the Nasdaq at 20,894.98.

forbes.com

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Jul 22, 19:16

Gold Stocks Surge Amid Tariffs, Inflation Concerns

Since the beginning of the year, several gold stocks have seen substantial price increases, exceeding 60% in some cases, due to investors viewing gold as an inflation hedge amid new tariffs.

Gold Stocks Surge Amid Tariffs, Inflation Concerns

Since the beginning of the year, several gold stocks have seen substantial price increases, exceeding 60% in some cases, due to investors viewing gold as an inflation hedge amid new tariffs.

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Reduced Inequality

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How does the performance of these gold stocks compare to broader market trends, and what factors might account for the differences?

The substantial gains in gold stocks are directly linked to investor perceptions of inflation and the implementation of tariffs. This perception, regardless of the actual economic relationship between tariffs and inflation, has driven increased demand for gold, a traditional inflation hedge. The price increases across various gold mining companies, such as the Peruvian miner Buenaventura and Canadian miner Kinross Gold, strongly support this correlation.

theglobeandmail.com

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Jul 21, 16:12

EU Weighs Retaliatory Measures Against US Amid Stalled Trade Talks

The European Union is considering using an anti-coercion instrument against the United States in response to President Trump's threat of 30% tariffs on EU goods, starting August 1st, after trade negotiations stalled. This instrument could target U.S. services, limit U.S. company access to EU markets...

EU Weighs Retaliatory Measures Against US Amid Stalled Trade Talks

The European Union is considering using an anti-coercion instrument against the United States in response to President Trump's threat of 30% tariffs on EU goods, starting August 1st, after trade negotiations stalled. This instrument could target U.S. services, limit U.S. company access to EU markets...

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How did President Trump's tariff threats influence the EU's reconsideration of its trade strategies with the US?

The EU's shift towards retaliatory measures reflects a breakdown in negotiations with the US. The potential use of the anti-coercion instrument, initially designed for China, signals a willingness to escalate the trade conflict. This marks a significant departure from previous attempts at compromise.

theglobeandmail.com

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Jul 21, 07:11

Earnings Week: Tariffs, AI, and Consumer Demand to Shape Market

This earnings week, 125 major companies will report, with key sectors including auto (GM, Tesla), tech (Alphabet, Nvidia), telecom (Rogers), and rail (CN Rail) facing scrutiny amid tariff impacts, AI investments, and consumer demand shifts. Canadian retail sales data and the Bank of Canada business ...

Earnings Week: Tariffs, AI, and Consumer Demand to Shape Market

This earnings week, 125 major companies will report, with key sectors including auto (GM, Tesla), tech (Alphabet, Nvidia), telecom (Rogers), and rail (CN Rail) facing scrutiny amid tariff impacts, AI investments, and consumer demand shifts. Canadian retail sales data and the Bank of Canada business ...

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What are the long-term implications of AI investment strategies for major technology companies, and how will this influence related sectors and future market trends?

Tariffs are a recurring theme, affecting both the auto and rail sectors. Consumer spending patterns, as reflected in retail sales figures, will provide insight into overall economic sentiment. The interplay between commodity prices and economic outlook suggests potential for Canadian economic resilience despite global uncertainties. AI investment plans by major tech companies will significantly impact related hardware providers.

forbes.com

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Jul 21, 22:12

Electric Vehicle Prices Drop Despite Overall Market Rise

Despite a national average new vehicle price of $48,907, new electric vehicle prices fell 2.8% year-over-year in July 2025 due to increased manufacturer incentives, but the upcoming expiration of a $7,500 federal tax credit may decrease sales.

Electric Vehicle Prices Drop Despite Overall Market Rise

Despite a national average new vehicle price of $48,907, new electric vehicle prices fell 2.8% year-over-year in July 2025 due to increased manufacturer incentives, but the upcoming expiration of a $7,500 federal tax credit may decrease sales.

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Affordable and Clean Energy

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How are automakers responding to the expiring tax credit and the overall economic climate?

The decrease in EV prices is driven by automakers' efforts to boost sales, offering various cash, lease, and financing incentives. The upcoming tax credit expiration adds urgency, impacting consumer decisions as 53% of current EV owners cited the rebate as a major purchase factor.

dailymail.co.uk

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Jul 21, 01:11

LDP Loses Upper House Majority in Japanese Election

Japan's ruling Liberal Democratic Party (LDP) lost its upper house majority in Sunday's election, despite Prime Minister Shigeru Ishiba's vow to remain in office, amid voter anger over rising prices and threatened US tariffs; the result marks the LDP's worst performance since 1999.

LDP Loses Upper House Majority in Japanese Election

Japan's ruling Liberal Democratic Party (LDP) lost its upper house majority in Sunday's election, despite Prime Minister Shigeru Ishiba's vow to remain in office, amid voter anger over rising prices and threatened US tariffs; the result marks the LDP's worst performance since 1999.

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What is the immediate impact of the LDP's loss of its upper house majority on Japan's political landscape?

Japan's ruling Liberal Democratic Party (LDP), led by Prime Minister Shigeru Ishiba, lost its majority in the upper house after Sunday's election. Ishiba, despite the loss, has vowed to remain in office, prioritizing trade negotiations with the US. This outcome marks the LDP's worst performance since 1999, jeopardizing its legislative power.

cbsnews.com

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Jul 20, 22:10

Lutnick Confident in Pre-August 1 Trade Deals Despite Tariff Concerns

Commerce Secretary Howard Lutnick predicts successful trade deals with key U.S. partners before August 1, avoiding higher tariffs, despite public skepticism and economist warnings of potential negative economic consequences. Negotiations with the EU, Canada and Mexico are underway, with the threat o...

Lutnick Confident in Pre-August 1 Trade Deals Despite Tariff Concerns

Commerce Secretary Howard Lutnick predicts successful trade deals with key U.S. partners before August 1, avoiding higher tariffs, despite public skepticism and economist warnings of potential negative economic consequences. Negotiations with the EU, Canada and Mexico are underway, with the threat o...

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What are the immediate consequences of the Trump administration's trade strategy, and how will this affect American consumers and businesses?

Commerce Secretary Howard Lutnick expressed confidence that the Trump administration will finalize trade deals with key U.S. partners before August 1, avoiding increased tariffs. He cited the administration's strategy of issuing tariff letters as a catalyst for negotiations, resulting in countries agreeing to either open their markets or face tariffs. These deals, Lutnick claims, will benefit American consumers.

Showing 661 to 672 of 4,150 results