Tag #Trade War

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nos.nl
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ING Profit Down 8 Percent Amidst Lower Interest Rates

ING reported a nearly 8 percent drop in first-quarter profit to €1.45 billion, mainly due to lower interest rates set by the ECB; however, the impact of the US-China trade war on ING remains limited, with only large corporate clients showing investment caution.

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dailymail.co.uk
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Rolls-Royce Mitigates Trade War Impact, Reports Strong Start

Despite the US-China trade war causing global supply chain turmoil, British engineering giant Rolls-Royce reported a strong start to the year, mitigating tariff impacts through supply chain adjustments and maintaining its profit guidance of £2.7billion-£2.9billion; shares rose 1.7 percent.

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40% Bias Score

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news.sky.com
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US to Eliminate De Minimis Rule, Raising Import Costs

The United States plans to eliminate its de minimis rule, ending the exemption of cheap imports under \$800 from customs duties, potentially causing higher consumer prices and impacting retailers like Shein and Temu, with a 145% tariff increase on previously exempt goods.

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48% Bias Score

Responsible Consumption and Production
cincodias.elpais.com
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Trump's Trade War Intensifies Global Auto Competition

Donald Trump's trade war hurts both China and US automakers by intensifying competition outside of these two major markets, impacting sales and forcing companies to seek growth elsewhere, especially in smaller, fragmented markets.

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36% Bias Score

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smh.com.au
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US Economy Contracts Amidst Trump's Tariff-Driven Import Surge

The US economy contracted by 0.3 percent in Q1 2024, primarily due to a 41.3 percent surge in imports driven by pre-emptive stockpiling ahead of Trump's tariffs, outweighing a 1.8 percent rise in consumer spending and a government spending decrease exceeding 5 percent, impacting GDP calculations and...

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edition.cnn.com
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Vance Breaks Tie, Killing Bipartisan Effort to Curb Trump Tariffs

Vice President JD Vance cast a tie-breaking vote in the Senate on Wednesday, killing a bipartisan resolution to rebuke President Trump's global tariffs; the resolution failed 49-49, after key senators were absent, and Majority Leader John Thune moved to prevent the resolution from being brought back...

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nbcnews.com
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Conflicting Economic Signals: Job Growth Amidst Slowing Economy

April's U.S. jobs report showed growth, but average hourly earnings rose only 0.17%, below expectations, while long-term unemployment hit a pandemic high of 23.5%, contradicting recent positive economic indicators and raising concerns about the economy's overall health.

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cnn.com
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Tariff Fears Drive US Consumer Spending Surge in March

Fueled by tariff fears, US consumer spending jumped 0.7% in March 2019, the largest monthly increase in over two years, driven by strong durable goods purchases, particularly automobiles, despite slowing inflation and concerns about future economic impacts of President Trump's policies.

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cnn.com
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Trump Acknowledges Tariff Price Hikes, Seeks Trade Deals Amid Economic Concerns

On his 101st day in office, President Trump acknowledged that his tariffs may lead to higher consumer prices, specifically mentioning the potential for children to have fewer dolls due to increased costs; his administration is actively pursuing trade deals to lessen the negative impacts, while placi...

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No Poverty
europe.chinadaily.com.cn
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Perdue Confirmed as US Ambassador to China Amidst Trade Tensions

David Perdue, a 75-year-old former US Senator and Republican from Georgia, was confirmed as the US Ambassador to Beijing on Tuesday by a 51-15-1 Senate vote, amidst escalating US-China trade tensions marked by significant tariffs imposed by the Trump administration and amidst reports of ongoing trad...

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Reduced Inequality
bbc.com
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US Economy Contracts, Sparking Recession Fears Amidst Trump's Trade War

The US economy contracted by 0.3% in Q1 2024, marking its first decline in three years, prompting President Trump to blame his predecessor and tout planned investments while facing criticism from Democrats amidst a global trade war.

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48% Bias Score

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smh.com.au
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US Economy Slowdown Shakes Global Markets

Concerns grow over potential stagflation in the US as the economy may have shrunk in early 2023, impacting global markets; ASX futures are down 0.2 percent, while the Australian dollar rose 0.3 percent against the US dollar.

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