Tag #Trade War

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dw.com

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Apr 17, 13:16

US Dollar Plummets Amidst Trump's Tariff Policies

The US dollar is significantly weakening due to President Trump's tariff policies, causing investors to flee to safer havens like the Euro, and leading to concerns about US economic recession and the dollar's status as a world reserve currency.

US Dollar Plummets Amidst Trump's Tariff Policies

The US dollar is significantly weakening due to President Trump's tariff policies, causing investors to flee to safer havens like the Euro, and leading to concerns about US economic recession and the dollar's status as a world reserve currency.

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What is the most significant impact of the US tariff policy on global financial markets?

The US dollar is the biggest loser in the financial markets due to the American tariff policy. Unlike stock markets which have partially recovered, the dollar shows no similar signs of recovery. The euro reached its highest level in three years, gaining six cents against the dollar due to investors moving away from the dollar to safer havens like the euro, yen and Swiss franc.

foxnews.com

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Apr 17, 13:17

Trump's Tariffs Cripple China's Economy

President Trump's 145% tariffs on Chinese goods are severely impacting China's struggling economy, marked by deflation, low consumption, high debt, and property market decline; Xi Jinping's refusal to negotiate exacerbates the crisis, creating potential long-term political instability.

Trump's Tariffs Cripple China's Economy

President Trump's 145% tariffs on Chinese goods are severely impacting China's struggling economy, marked by deflation, low consumption, high debt, and property market decline; Xi Jinping's refusal to negotiate exacerbates the crisis, creating potential long-term political instability.

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What are the immediate economic consequences of President Trump's increased tariffs on China?

President Trump's increased tariffs on Chinese goods, currently at 145%, are significantly harming the Chinese economy, which is already struggling with deflation and low consumption rates. This is causing widespread economic distress, including factory closures and worker displacement in southern China.

corriere.it

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Apr 17, 04:12

Difficult US Trade Talks, Harvard Tax Status Under Threat, and EU Seeks to Avert Economic War

Japanese Prime Minister Shigeru Ishiba anticipates difficult trade negotiations with the US, while the Trump administration seeks to revoke Harvard's tax-exempt status, escalating tensions. The EU negotiates to avoid an economic war with the US, as the Fed maintains its monetary policy despite a slo...

Difficult US Trade Talks, Harvard Tax Status Under Threat, and EU Seeks to Avert Economic War

Japanese Prime Minister Shigeru Ishiba anticipates difficult trade negotiations with the US, while the Trump administration seeks to revoke Harvard's tax-exempt status, escalating tensions. The EU negotiates to avoid an economic war with the US, as the Fed maintains its monetary policy despite a slo...

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What are the immediate consequences of the ongoing US trade negotiations and the potential revocation of Harvard's tax-exempt status?

Japanese Prime Minister Shigeru Ishiba acknowledges that trade negotiations with the US will be challenging, while expressing appreciation for President Trump prioritizing these talks. The negotiations are considered to have established a foundation for future steps. The US administration simultaneously requested the IRS to revoke Harvard University's tax-exempt status, escalating tensions due to Harvard's opposition to Trump's policies.

hu.euronews.com

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Apr 17, 04:12

Meloni Seeks US Concessions Amid EU-US Trade Tensions

Italian Prime Minister Giorgia Meloni is meeting with US President Donald Trump in Washington on Thursday to discuss trade, defense, and industrial cooperation, aiming to secure concessions on tariffs and balance the interests of her coalition government while maintaining EU alignment.

Meloni Seeks US Concessions Amid EU-US Trade Tensions

Italian Prime Minister Giorgia Meloni is meeting with US President Donald Trump in Washington on Thursday to discuss trade, defense, and industrial cooperation, aiming to secure concessions on tariffs and balance the interests of her coalition government while maintaining EU alignment.

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How does Meloni's visit attempt to balance the competing interests within her coalition government?

Meloni's Washington visit aims to balance competing interests within her coalition: Matteo Salvini prioritizes Italian interests while Antonio Tajani favors a pro-European stance. Her meeting with Trump seeks to reassure both and strengthen her leadership, while simultaneously promoting a mutual tariff exemption for industrial goods between the EU and the US. The EU expresses confidence in her ability to negotiate.

bbc.com

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Apr 17, 04:11

China's Rare Earth Curbs: A Blow to US High-Tech and Defense

China's new export controls on rare earth minerals, crucial for high-tech and defense industries, significantly impact the US, which relies heavily on Chinese imports; this move highlights the US's vulnerability and the need for diversification.

China's Rare Earth Curbs: A Blow to US High-Tech and Defense

China's new export controls on rare earth minerals, crucial for high-tech and defense industries, significantly impact the US, which relies heavily on Chinese imports; this move highlights the US's vulnerability and the need for diversification.

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Industry, Innovation, and Infrastructure

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How did China achieve its dominant position in the rare earth market, and what are the long-term implications of this for global trade?

China's near-monopoly on rare earth processing, a result of decades of strategic investment, gives it considerable leverage in the trade war with the US. The US's dependence on Chinese rare earths exposes vulnerabilities in its manufacturing and defense sectors.

theglobeandmail.com

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Apr 17, 16:15

ECB Cuts Interest Rates Amidst U.S. Tariff Slowdown

The European Central Bank (ECB) cut interest rates by 0.25 percentage points to 2.25 percent on Thursday, its seventh cut in a year, to combat the economic slowdown resulting from U.S. tariffs and global trade uncertainty, aiming to improve financing conditions for households and businesses.

ECB Cuts Interest Rates Amidst U.S. Tariff Slowdown

The European Central Bank (ECB) cut interest rates by 0.25 percentage points to 2.25 percent on Thursday, its seventh cut in a year, to combat the economic slowdown resulting from U.S. tariffs and global trade uncertainty, aiming to improve financing conditions for households and businesses.

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What immediate impact will the ECB's interest rate cut have on the euro zone economy?

The European Central Bank (ECB) cut interest rates by 0.25 percentage points to 2.25 percent, its seventh cut in a year, to counteract the economic slowdown caused by U.S. tariffs and global trade tensions. This move aims to boost the struggling euro zone economy by lowering borrowing costs and improving financing conditions for households and firms. The ECB's decision follows widespread predictions from economists and reflects increased uncertainty in global markets.

lefigaro.fr

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Apr 17, 16:15

Arnault Urges Swift Resolution to EU-U.S. Trade Tensions

LVMH CEO Bernard Arnault called on Thursday for a swift resolution to trade tensions between the EU and the U.S., advocating for a free trade zone and criticizing the EU's bureaucracy, warning of increased American production if tariffs rise.

Arnault Urges Swift Resolution to EU-U.S. Trade Tensions

LVMH CEO Bernard Arnault called on Thursday for a swift resolution to trade tensions between the EU and the U.S., advocating for a free trade zone and criticizing the EU's bureaucracy, warning of increased American production if tariffs rise.

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What are the immediate economic implications of the ongoing trade tensions between the EU and the U.S. for luxury goods companies like LVMH?

LVMH CEO Bernard Arnault urged European leaders to resolve trade tensions with the U.S. amicably, even suggesting a free trade zone. He criticized Brussels' bureaucracy and expressed concern over new U.S. tariffs impacting LVMH. Arnault highlighted the vital importance of these negotiations for French businesses, contrasting the EU's approach with Britain's more pragmatic negotiation style.

corriere.it

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Apr 17, 04:12

US Restricts Chip Sales to China, Intensifying Trade War

The US has blocked sales of advanced microchips to China, escalating the trade war rooted in China's 'Made in China 2025' plan to dominate technology and manufacturing, prompting concerns about global economic and geopolitical shifts.

US Restricts Chip Sales to China, Intensifying Trade War

The US has blocked sales of advanced microchips to China, escalating the trade war rooted in China's 'Made in China 2025' plan to dominate technology and manufacturing, prompting concerns about global economic and geopolitical shifts.

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How has China's 'Made in China 2025' initiative contributed to the current US-China trade tensions?

China's strategic goal, as evidenced by the 'Made in China 2025' plan, is to dominate global technology and manufacturing. This ambition, coupled with aggressive actions like military provocations in the Indo-Pacific and support for Russia's invasion of Ukraine, challenges the existing world order. The US, under both Democratic and Republican administrations, has responded with embargoes and the forging of alliances to counter China's influence.

dw.com

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Apr 17, 04:12

US State Department Closes Disinformation Office Amidst Multiple Trump Administration Legal Challenges

The US State Department closed its disinformation office, costing \$50 million annually; a judge found probable cause to hold the Trump administration in contempt of court over deportations; the IRS plans to revoke Harvard's tax-exempt status after a funding dispute; China appointed a new trade nego...

US State Department Closes Disinformation Office Amidst Multiple Trump Administration Legal Challenges

The US State Department closed its disinformation office, costing \$50 million annually; a judge found probable cause to hold the Trump administration in contempt of court over deportations; the IRS plans to revoke Harvard's tax-exempt status after a funding dispute; China appointed a new trade nego...

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Peace, Justice, and Strong Institutions

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What are the potential long-term implications of these events for the US's international standing and domestic political stability?

The State Department's decision may embolden foreign actors to spread disinformation more freely. The legal battles facing the Trump administration could lead to further challenges to its authority and policy implementations. China's appointment of a hardline trade negotiator suggests escalating trade tensions with the US. These events may point towards a more fragmented and confrontational global political environment.

elmundo.es

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Apr 17, 04:12

Mnuchin Criticizes Spain's Economic Policies Following Meeting with Spanish Economy Minister

Following a meeting between U.S. Treasury Secretary Steven Mnuchin and Spanish Economy Minister Carlos Cuerpo, Mnuchin issued a statement criticizing Spain's economic policies, demanding increased military spending, and reiterating opposition to Spain's digital services tax; this contrasts with Mnuc...

Mnuchin Criticizes Spain's Economic Policies Following Meeting with Spanish Economy Minister

Following a meeting between U.S. Treasury Secretary Steven Mnuchin and Spanish Economy Minister Carlos Cuerpo, Mnuchin issued a statement criticizing Spain's economic policies, demanding increased military spending, and reiterating opposition to Spain's digital services tax; this contrasts with Mnuc...

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What specific actions or demands did U.S. Treasury Secretary Steven Mnuchin make of the Spanish government following their meeting?

Following a meeting between U.S. Treasury Secretary Steven Mnuchin and Spanish Economy Minister Carlos Cuerpo, Mnuchin issued a statement criticizing Spain's economic policies. He stated that the meeting involved "frank conversations" on trade, implying a lack of progress on trade disputes and suggesting that Spain remains subject to potential tariffs. He also urged Spain to increase military spending and reiterated U.S. opposition to Spain's digital services tax.

elmundo.es

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Apr 17, 04:12

ECB to Cut Interest Rates Amidst US Trade War Uncertainty

This Thursday, the ECB, led by Christine Lagarde, is expected to lower interest rates by 0.25 percentage points for the seventh time since June 2022, aiming to prevent market turmoil caused by the US trade war and a strengthening Euro, while Germany's €500 billion spending plan adds further complexi...

ECB to Cut Interest Rates Amidst US Trade War Uncertainty

This Thursday, the ECB, led by Christine Lagarde, is expected to lower interest rates by 0.25 percentage points for the seventh time since June 2022, aiming to prevent market turmoil caused by the US trade war and a strengthening Euro, while Germany's €500 billion spending plan adds further complexi...

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What immediate actions is the ECB expected to take to mitigate the economic risks posed by the ongoing US trade war?

The European Central Bank (ECB) is expected to lower interest rates by another 0.25 percentage points this Thursday, marking the seventh consecutive rate cut since June 2022. This decision comes amid global market uncertainty stemming from the US-initiated trade war, and aims to prevent a market downturn. The new rates will bring the deposit rate to 2.25%, the main refinancing rate to 2.4%, and the marginal lending facility to 2.65%.

bbc.com

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Apr 17, 04:12

China's "Silver Trains" Aim to Boost Domestic Spending Amidst US Tariffs

To counter the economic effects of US tariffs, China is launching "silver trains" to encourage older citizens (22% of the population, over 310 million people) to spend their savings on domestic tourism, stimulating underdeveloped regions and businesses.

China's "Silver Trains" Aim to Boost Domestic Spending Amidst US Tariffs

To counter the economic effects of US tariffs, China is launching "silver trains" to encourage older citizens (22% of the population, over 310 million people) to spend their savings on domestic tourism, stimulating underdeveloped regions and businesses.

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What is the immediate economic impact of the US tariffs on China, and how is the government responding?

China is facing economic challenges due to US tariffs, prompting initiatives to boost domestic consumption. One strategy involves encouraging increased spending among retirees, a significant demographic with substantial savings and time, through initiatives like the 'silver train' tourism program, designed to stimulate local economies in underdeveloped regions.

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