Tag #Trade War

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foxnews.com

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Dec 15, 13:08

Trump Invites Xi Jinping to Inauguration Amidst Cyberattack and Rising Tensions

President-elect Trump's surprising invitation to Chinese President Xi Jinping to his inauguration comes amidst a massive Chinese hack of US telecoms, a Chinese drone incident near a US military base, and rising military tensions in the Indo-Pacific, prompting debate over whether it signifies a shift...

Trump Invites Xi Jinping to Inauguration Amidst Cyberattack and Rising Tensions

President-elect Trump's surprising invitation to Chinese President Xi Jinping to his inauguration comes amidst a massive Chinese hack of US telecoms, a Chinese drone incident near a US military base, and rising military tensions in the Indo-Pacific, prompting debate over whether it signifies a shift...

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How might Trump's invitation to Xi Jinping affect the potential trade war and the broader US-China relationship?

Trump's invitation, despite the serious cyberattack and heightened military tensions in the Indo-Pacific, suggests a potential shift towards diplomacy. This contrasts with the Biden administration's approach and could lead to trade negotiations, impacting inflation and the global economy. China's potential currency devaluation in response to Trump's tariff threats adds further complexity.

cnbc.com

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Dec 14, 19:08

Trump's Tariffs Threaten $200 Million Loss for Stanley Black & Decker

Following Donald Trump's 2024 election victory, Stanley Black & Decker faces a projected $200 million pretax loss due to Trump's proposed tariff increases on goods from China, Mexico, and Canada; the company plans to reposition its supply chain, move production away from China, and raise prices to o...

Trump's Tariffs Threaten $200 Million Loss for Stanley Black & Decker

Following Donald Trump's 2024 election victory, Stanley Black & Decker faces a projected $200 million pretax loss due to Trump's proposed tariff increases on goods from China, Mexico, and Canada; the company plans to reposition its supply chain, move production away from China, and raise prices to o...

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What are the immediate financial consequences for Stanley Black & Decker resulting from Trump's proposed tariff increases?

Following Donald Trump's 2024 election win, Stanley Black & Decker's stock declined over 11%, primarily due to Trump's proposed tariffs on Chinese, Mexican, and Canadian goods. The company projects a $200 million pretax hit to operating income if these tariffs are implemented. This significant drop contrasts with the S&P 500's 6% gain.

edition.cnn.com

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Dec 13, 04:09

Trump Import Tax Hikes to Increase Prices for American Consumers

The incoming Trump administration's proposed import tax increases will lead to higher prices for various consumer goods, including shoes, toys, food, and electronics, significantly impacting American households, particularly lower-income ones, according to new research.

Trump Import Tax Hikes to Increase Prices for American Consumers

The incoming Trump administration's proposed import tax increases will lead to higher prices for various consumer goods, including shoes, toys, food, and electronics, significantly impacting American households, particularly lower-income ones, according to new research.

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What are the immediate impacts of the proposed Trump administration import tax increases on American consumers?

Incoming Trump administration import tax hikes will significantly increase prices for numerous consumer goods, including footwear, toys, and food, according to Peterson Institute research. These price increases stem from proposed tariffs on goods primarily sourced from China and other countries. The largest tax burden will fall on machinery, electronics, and electrical machinery.

welt.de

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Dec 13, 13:13

"Sharp Drop in German Exports Signals Structural Crisis"

"German exports fell 2.8% in October to \u20ac124.6 billion, the sharpest monthly drop this year, due to decreased demand and global competition, impacting major markets like the US (-14%) and China (-3.8%), causing concern about potential job losses and economic slowdown."

"Sharp Drop in German Exports Signals Structural Crisis"

"German exports fell 2.8% in October to \u20ac124.6 billion, the sharpest monthly drop this year, due to decreased demand and global competition, impacting major markets like the US (-14%) and China (-3.8%), causing concern about potential job losses and economic slowdown."

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"What are the immediate economic consequences of the significant drop in German exports in October?"

"German exports dropped 2.8% in October to \u20ac124.6 billion, the steepest monthly decline this year. US exports plummeted 14%, impacting the largest export market. This follows a 2.8% year-on-year decrease.", "The October export decline signals a broader structural crisis in German industry, impacting competitiveness and potentially leading to job losses. The BGA and DIHK cite factors like high energy costs, bureaucracy, and intense global competition. The Bundesbank anticipates slow export growth next year.", "Germany's export slowdown reflects a structural crisis, not a temporary setback. Continued high energy costs, bureaucracy, and growing global competition threaten future export growth, impacting Germany's economic contribution. The trade surplus, though still positive, is shrinking."

us.cnn.com

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Dec 13, 16:12

Canada Threatens Electricity Curtailment to Counter US Tariffs

Ontario's Premier Doug Ford threatened to cut off electricity exports to the US in response to President-elect Donald Trump's threatened tariffs, potentially affecting Michigan, New York, and Wisconsin, although experts believe the US has enough resources to absorb the loss and that the Canadian oil...

Canada Threatens Electricity Curtailment to Counter US Tariffs

Ontario's Premier Doug Ford threatened to cut off electricity exports to the US in response to President-elect Donald Trump's threatened tariffs, potentially affecting Michigan, New York, and Wisconsin, although experts believe the US has enough resources to absorb the loss and that the Canadian oil...

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Affordable and Clean Energy

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What alternative retaliatory measures could Canada employ, and how likely are they to be implemented?

Canada's retaliatory options extend beyond electricity; oil exports are a far more impactful lever. While the US has increased domestic oil production, impacting Midwest and Great Lakes refineries that rely heavily on Canadian imports could cause temporary fuel shortages and price increases. However, Alberta's premier has explicitly ruled out cutting oil exports, indicating a less aggressive stance than Ontario's.

theglobeandmail.com

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Dec 13, 20:05

Alberta Launches CA$29 Million Border Patrol Amidst U.S. Tariff Threats

Faced with President-elect Trump's tariff threats, Alberta Premier Danielle Smith launched a CA$29 million Interdiction Patrol Team to enhance border security along its 298km border with Montana, involving sheriffs, support staff, canines, and drones, focusing on a two-kilometer "red zone" for incre...

Alberta Launches CA$29 Million Border Patrol Amidst U.S. Tariff Threats

Faced with President-elect Trump's tariff threats, Alberta Premier Danielle Smith launched a CA$29 million Interdiction Patrol Team to enhance border security along its 298km border with Montana, involving sheriffs, support staff, canines, and drones, focusing on a two-kilometer "red zone" for incre...

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What immediate actions has Alberta taken to address concerns about border security and potential U.S. tariffs, and what are the short-term implications?

Alberta Premier Danielle Smith announced a CA$29 million Interdiction Patrol Team to enhance border security along the Montana border, involving sheriffs, support staff, and technology. This initiative aims to address concerns about illegal migration and fentanyl trafficking, prompted by President-elect Trump's tariff threats. The team will focus on a two-kilometer "red zone" north of the border for increased vehicle and pedestrian scrutiny.

cnbc.com

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Dec 15, 16:12

Chinese Stock Market Rally Hinges on Earnings Growth Amidst US Trade Uncertainty

Despite government stimulus and improved earnings in specific sectors like medical devices, investor confidence in Chinese stocks remains low due to uncertainty about US-China trade relations and the overall pace of economic recovery; the CSI 300 index recently fell by 1%.

Chinese Stock Market Rally Hinges on Earnings Growth Amidst US Trade Uncertainty

Despite government stimulus and improved earnings in specific sectors like medical devices, investor confidence in Chinese stocks remains low due to uncertainty about US-China trade relations and the overall pace of economic recovery; the CSI 300 index recently fell by 1%.

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What is the primary obstacle preventing a sustained rally in the Chinese stock market?

Investor confidence in Chinese stocks hinges on earnings growth, which is lagging despite government stimulus. The CSI 300 index recently fell 1%, and stocks are 12% below their 52-week high, highlighting investor hesitancy.

us.cnn.com

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Dec 13, 01:12

China to Increase Budget Deficit to Counter Economic Slowdown and US Trade Tensions

Facing a slowing economy and renewed US trade tensions under President Trump, China announced plans to increase its budget deficit, borrow more, and loosen monetary policy to maintain stable economic growth, according to the Central Economic Work Conference held December 11-12.

China to Increase Budget Deficit to Counter Economic Slowdown and US Trade Tensions

Facing a slowing economy and renewed US trade tensions under President Trump, China announced plans to increase its budget deficit, borrow more, and loosen monetary policy to maintain stable economic growth, according to the Central Economic Work Conference held December 11-12.

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How do the recent policy decisions reflect China's prioritization of economic growth over financial stability?

"China's economic slowdown is attributed to a property market crisis, high local government debt, weak domestic demand, and the threat of increased US tariffs on exports. The CEWC's response prioritizes growth over financial risks, mirroring a dovish shift in the Communist Party's messaging. This approach signals a willingness to employ significant stimulus measures to mitigate potential economic damage from escalating trade tensions."

cnbc.com

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Dec 13, 10:10

"Xi Seeks Trade Cooperation with Trump Amid Looming Trade War Risks"

"President Xi Jinping publicly expressed China's willingness to cooperate with the incoming Trump administration to resolve trade disputes, amid fears of a trade war, signaling a commitment to dialogue and market openness despite Trump's threats of imposing substantial tariffs on Chinese goods."

"Xi Seeks Trade Cooperation with Trump Amid Looming Trade War Risks"

"President Xi Jinping publicly expressed China's willingness to cooperate with the incoming Trump administration to resolve trade disputes, amid fears of a trade war, signaling a commitment to dialogue and market openness despite Trump's threats of imposing substantial tariffs on Chinese goods."

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"What are the underlying economic pressures on China that influence its approach to trade negotiations with the United States?"

"China's anxiety about a potential trade war stems from Trump's 'America First' policies and threats of significant tariffs on Chinese goods. These actions pose a considerable challenge to China's economic growth targets, given the existing pressure on the economy. The public nature of Xi's overtures suggests a need to manage the narrative and potentially secure direct communication channels with the new administration.",

cnn.com

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Dec 13, 16:12

Canada Threatens Energy Curtailment to Counter US Tariffs

Ontario Premier Doug Ford threatened to cut energy exports to the US, primarily electricity, in retaliation for President-elect Trump's threatened tariffs, potentially disrupting US energy supplies and causing temporary price increases but also hurting Canada's own economy.

Canada Threatens Energy Curtailment to Counter US Tariffs

Ontario Premier Doug Ford threatened to cut energy exports to the US, primarily electricity, in retaliation for President-elect Trump's threatened tariffs, potentially disrupting US energy supplies and causing temporary price increases but also hurting Canada's own economy.

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Why would cutting energy exports to the US be a significant retaliatory action for Canada?

Canada's potential retaliation stems from the significant economic threat posed by Trump's tariffs, which could trigger a recession. The US relies on Canada for a substantial portion of its electricity imports, and cutting this supply would cause temporary disruptions in border states. However, the US possesses diverse energy resources and could adapt relatively quickly.

pt.euronews.com

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Dec 13, 20:05

Germany's Economy to Contract in 2024, Slow Growth Projected Through 2025

The Bundesbank forecasts a 0.2% contraction of the German economy in 2024, revised from a 0.3% growth prediction in June, and a mere 0.2% growth in 2025, down from 1.1%, due to energy dependence, aging population, deficient infrastructure, and declining Chinese demand, further complicated by politic...

Germany's Economy to Contract in 2024, Slow Growth Projected Through 2025

The Bundesbank forecasts a 0.2% contraction of the German economy in 2024, revised from a 0.3% growth prediction in June, and a mere 0.2% growth in 2025, down from 1.1%, due to energy dependence, aging population, deficient infrastructure, and declining Chinese demand, further complicated by politic...

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How has Germany's dependence on Russian energy and the decline in Chinese demand affected its economic performance?

Germany's economic woes are interconnected with its dependence on Russian energy, impacting it disproportionately after the Ukraine invasion. The decline in Chinese demand further exacerbates the situation, as China is a key export market for Germany. Political instability, marked by a collapsed coalition government and potential US tariffs, adds further complexity.

welt.de

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Dec 12, 07:09

"ECB Cuts Interest Rates Amidst Slowing Inflation and Trade War Fears"

"The European Central Bank (ECB) cut its key interest rate to 3.75 percent on December 12th, 2024, marking the fourth such cut this year, amidst slowing inflation but growing concerns about potential US trade conflicts impacting the Eurozone economy."

"ECB Cuts Interest Rates Amidst Slowing Inflation and Trade War Fears"

"The European Central Bank (ECB) cut its key interest rate to 3.75 percent on December 12th, 2024, marking the fourth such cut this year, amidst slowing inflation but growing concerns about potential US trade conflicts impacting the Eurozone economy."

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"What immediate economic impacts will result from the ECB's latest interest rate cut?"

"The European Central Bank (ECB) lowered its key interest rate for the fourth time in 2024, to 3.75 percent, in response to slowing inflation. This move makes borrowing cheaper for businesses and consumers, lowering borrowing costs for things like mortgages. However, it also leads to lower returns for savers on deposits and investments."

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