Tag #Trade Relations

theglobeandmail.com
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Canadian Food Startups Weigh U.S. Relocation Amid Tariff Threats

Facing threatened 25% tariffs, Canadian food startups Flourish Pancakes and Mid-Day Squares consider relocating production to the U.S. to access a larger market and capital, highlighting challenges in Canada's consumer packaged goods sector.

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theglobeandmail.com
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Indigenous Inclusion Crucial in Canada's Response to Potential U.S. Tariffs

Indigenous leaders are demanding inclusion in Canada's strategy to counter potential U.S. tariffs, citing the disproportionate impact on Indigenous businesses and workers in resource-based sectors, with revenue from U.S. exports ranging from 19% to 90% for some. Provincial leaders are also taking ac...

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cnbc.com
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Germany Needs Economic Growth, Finance Minister Says

German Finance Minister Jörg Kukies, in a CNBC interview at the Davos World Economic Forum, highlighted the need for economic growth to address Germany's declining GDP in 2023 and 2024, advocating for targeted reforms to the debt brake and stronger trade ties with the U.S. while acknowledging the up...

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dw.com
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EU adopts pragmatic approach to Trump's second term

Following President Trump's inauguration, the European Union adopted a pragmatic approach, prioritizing dialogue while preparing to defend its interests, particularly concerning trade and regulatory issues, amidst differing viewpoints among EU members on the best response strategy.

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zeit.de
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Volkswagen's $20 Billion North America Investment to Counter China Dependence

Volkswagen plans significant US expansion ($15 billion investment) to lessen China dependence, using range extenders in volume models to ease e-mobility transition, while aiming for lower tariffs despite Trump's trade policies.

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kathimerini.gr
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US Rejection of Nippon Steel Bid Underscores Shifting Dynamics of Japanese Investment

The US rejection of Nippon Steel's $15 billion bid to acquire US Steel, due to national security concerns, highlights the complex dynamics of Japanese investment in the US, driven by challenges in China and a need for diversification despite political risks.

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theglobeandmail.com
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US Tariffs Could Send Canada into Recession: Bank of Canada

The Bank of Canada projects that across-the-board 25 percent US tariffs on Canadian imports, along with retaliatory tariffs, could slash Canada's economic growth by up to 3 percentage points and boost inflation by 0.1 to 0.8 percentage points in the first year, with the impact lessening in later yea...

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dw.com
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EU Responds to Trump's Second Term with Pragmatism and Unified Strategy

The European Union responded calmly to Donald Trump's second inauguration, focusing on pragmatic cooperation while preparing to defend its interests, notably concerning trade and technology regulation, with a unified approach to avoid individual negotiations with Washington.

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dw.com
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EU adopts pragmatic approach to Trump's second term, prioritizing cooperation and unified action

Despite pre-election threats, President Trump's inauguration has not yet resulted in new tariffs on EU goods; the EU is adopting a pragmatic approach, pursuing cooperation while preparing for potential trade conflicts to avoid a trade war, with a focus on energy collaboration and unified action.

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english.kyodonews.net
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Trump's Return: China, South Korea, and Taiwan Respond

On his return to the White House, Trump's administration faced immediate reactions from China, South Korea, and Taiwan; China expressed willingness to cooperate economically while South Korea and Taiwan highlighted their alliances with the U.S. and preparedness for potential economic consequences of...

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bbc.com
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Trudeau Poised to Resign Amidst Political Crisis

Amidst plummeting approval ratings and the recent resignation of his finance minister, Canadian Prime Minister Justin Trudeau may announce his resignation within days, potentially triggering a snap election before October and leaving the Liberal Party to choose a new leader to face a potential trade...

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dw.com
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Biden Blocks Nippon Steel's US Steel Buyout Over National Security Concerns

President Biden blocked Japan's Nippon Steel's $14.9 billion takeover bid of US Steel on Friday, citing national security concerns and risks to key supply chains, despite the deal's approval by US Steel and support from some within the White House.

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48% Bias Score

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