Tag #Trade Relations

theglobeandmail.com
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Canadian Manufacturing Booms on US Stockpiling Ahead of Potential Tariffs

Canada's manufacturing activity surged to a near two-year high in December 2023, reaching 52.2 on the S&P Global PMI, driven by US clients' inventory build-up ahead of potential tariffs; however, supply chain issues and currency fluctuations persist.

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36% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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Freeland's Rebuke of Trump's Tariffs Strains US-Canada Relations

In June 2018, Canadian Foreign Affairs Minister Chrystia Freeland criticized US tariffs on Canadian steel and aluminum in a Washington speech, publicly rebuking President Trump's protectionist policies and straining US-Canada relations during NAFTA negotiations, causing friction with the Trump admin...

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44% Bias Score

Reduced Inequality
cnnespanol.cnn.com
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Trump's USMCA Renegotiation: Economic and Geopolitical Ramifications

President-elect Trump plans to renegotiate the USMCA trade deal, potentially altering rules impacting the automotive industry and trade deficit with Canada and Mexico, possibly using the deal as leverage to address immigration and national security.

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40% Bias Score

Decent Work and Economic Growth
abcnews.go.com
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"Trump's Return: Boon or Bane for US Seafood Industry?"

"President-elect Trump's return is expected to bring significant changes to the US seafood industry, potentially increasing prices for consumers due to trade conflicts, while the industry anticipates deregulation and support for domestic fishing; however, conservationists fear jeopardized fish stock...

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56% Bias Score

Zero Hunger
german.china.org.cn
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China's Foreign Trade Shows Resilience Amidst Global Uncertainty

China's foreign trade grew by 4.9% in the first eleven months of 2023, reaching 39.79 trillion yuan, driven by strong exports of high-tech products and sustained imports despite global uncertainties and trade tensions.

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48% Bias Score

Decent Work and Economic Growth
forbes.com
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US-China Trade War Risks Major Escalation

The US-China trade war, initiated in 2018, risks escalating further as President-elect Trump considers substantially higher tariffs on Chinese goods, potentially causing a 0.5-1.0 percentage point reduction in China's economic growth by 2025, and prompting China to retaliate using new sweeping laws ...

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40% Bias Score

abcnews.go.com
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China, Japan Agree to Security Talks Amid Strained Relations

China and Japan agreed Wednesday to establish a security dialogue to address strained relations stemming from territorial disputes, military activity, and the Fukushima water discharge, while also easing visa restrictions and resuming talks on Japanese food exports.

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36% Bias Score

Peace, Justice, and Strong Institutions
china.org.cn
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US Tariffs Spur Innovation in Malaysian Solar Industry

Increased U.S. tariffs (up to 21.31 percent) on Malaysian solar PV manufacturers will cause short-term market disruptions but ultimately drive diversification and innovation, impacting the global solar supply chain.

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40% Bias Score

Industry, Innovation, and Infrastructure
theglobeandmail.com
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Loonie's Plunge Creates Investment Dilemma for Canadians

The Canadian dollar has fallen to a four-year low against the U.S. dollar, creating a dilemma for investors holding U.S.-dollar assets, who are seeing unexpectedly high returns in Canadian dollar terms due to the currency exchange, despite the Bank of Canada's interest rate cuts and trade uncertaint...

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48% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
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Biden Opposes Nippon Steel's U.S. Steel Bid, Citing National Security

President Biden opposes Nippon Steel's \$15 billion bid for U.S. Steel, citing national security concerns; CFIUS has until December 22 to decide, and the companies may sue if the deal is blocked.

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40% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 75% Global Worthiness
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Canada Unemployment Rate Jumps to Multiyear High Amid Strong Job Growth

Canada's unemployment rate surged to a 6.8 percent in November, its highest since January 2017, despite adding nearly 51,000 jobs; this development is likely to prompt another substantial interest-rate cut by the Bank of Canada.

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36% Bias Score

Decent Work and Economic Growth
euronews.com
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Trump Claims Victory on Migration, Despite Mexico's Open Border Stance

President-elect Donald Trump declared a victory in curbing illegal migration through Mexico following a conversation with Mexican President Claudia Sheinbaum, despite Sheinbaum stating that Mexico maintains an open border and independently manages migration.

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56% Bias Score