Tag #Trade War

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t24.com.tr

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Jan 11, 04:07

US-Turkey Trade: Volatility Ahead Under Potential Second Trump Term

US-Turkey bilateral trade totaled nearly \$30 billion in 2024, with Turkey having a small trade surplus; however, the relationship remains volatile due to past trade disputes and potential future tariffs under a second Trump administration.

US-Turkey Trade: Volatility Ahead Under Potential Second Trump Term

US-Turkey bilateral trade totaled nearly \$30 billion in 2024, with Turkey having a small trade surplus; however, the relationship remains volatile due to past trade disputes and potential future tariffs under a second Trump administration.

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How have past US trade policies, such as tariffs, impacted Turkey's economy, and what broader implications does this have for global trade?

The fluctuating nature of US-Turkey trade relations is linked to past trade wars and policy shifts by both countries. For example, Trump's administration imposed tariffs on steel and aluminum imports from Turkey in 2018, later reduced. The WTO ruled these tariffs violated global trade rules. This volatility highlights the need for strategic approaches to manage the relationship.

hu.euronews.com

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Jan 10, 13:09

Airbus CEO warns of US tariff threat to European aerospace sector

Airbus CEO Guillaume Faury warns of potential negative impacts on the European aerospace sector from the incoming US administration's protectionist policies, including tariffs and import quotas, despite the company's 2024 sales increase of 4% to 766 aircraft. The US is a crucial market for Airbus, w...

Airbus CEO warns of US tariff threat to European aerospace sector

Airbus CEO Guillaume Faury warns of potential negative impacts on the European aerospace sector from the incoming US administration's protectionist policies, including tariffs and import quotas, despite the company's 2024 sales increase of 4% to 766 aircraft. The US is a crucial market for Airbus, w...

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What are the immediate economic consequences for Airbus and the European aerospace sector of potential US tariffs under the Trump administration?

Airbus, Europe's aviation giant, achieved 766 sales in 2024, a 4% increase year-on-year. However, new orders have slowed, raising concerns about potential future impacts from the incoming US administration's protectionist policies. The European aerospace industry faces challenges from geopolitical tensions and competition, which will be exacerbated by potential US tariffs.

fr.euronews.com

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Jan 10, 22:09

Euro Nears Parity Amidst US Tariffs and Monetary Divergence

The Euro is nearing parity with the dollar due to stronger-than-expected US job growth, anticipated Federal Reserve tightening, and the potential impact of new US tariffs on European exports, along with divergent monetary policies and geopolitical uncertainty.

Euro Nears Parity Amidst US Tariffs and Monetary Divergence

The Euro is nearing parity with the dollar due to stronger-than-expected US job growth, anticipated Federal Reserve tightening, and the potential impact of new US tariffs on European exports, along with divergent monetary policies and geopolitical uncertainty.

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What immediate economic impacts are expected from the Euro's decline toward parity with the dollar?

The Euro fell below 1.03 against the dollar on January 10th, its lowest since October 2022, due to stronger-than-expected US job growth and anticipation of further Federal Reserve tightening. This brings the Euro dangerously close to parity with the dollar, a psychologically significant threshold. Similar pressures pushed the Euro below parity in 2022, reaching $0.95 in September.

zeit.de

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Jan 9, 13:10

German Exports Surge in November Despite Overall Decline

German exports rose 2.1 percent in November to \"127 billion euros, exceeding imports by \"19.7 billion euros, driven by a 14.5 percent increase in US exports, despite overall year-on-year export decline.

German Exports Surge in November Despite Overall Decline

German exports rose 2.1 percent in November to \"127 billion euros, exceeding imports by \"19.7 billion euros, driven by a 14.5 percent increase in US exports, despite overall year-on-year export decline.

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What is the immediate impact of the November export growth on Germany's trade balance and economic outlook?

German exports surged 2.1 percent in November to \"127 billion euros, the highest since January, while imports fell 3.3 percent to \"107.6 billion euros. This resulted in a trade surplus of \"19.7 billion euros. However, despite this increase, exports remain 3.5 percent below November 2022 levels.

cnbc.com

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Jan 8, 04:08

India Investment Boom Expected Amidst US-China Trade Tensions

GIB Asset Management's Kunal Desai recommends India as an attractive investment destination due to its geopolitical advantages amidst potential US-China trade conflicts, highlighting the cables sector and the "Make in India" initiative while also suggesting that a Chinese consumer rebound could bene...

India Investment Boom Expected Amidst US-China Trade Tensions

GIB Asset Management's Kunal Desai recommends India as an attractive investment destination due to its geopolitical advantages amidst potential US-China trade conflicts, highlighting the cables sector and the "Make in India" initiative while also suggesting that a Chinese consumer rebound could bene...

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What are the key investment opportunities in India stemming from the potential US-China trade conflict?

GIB Asset Management's Kunal Desai advises investors to consider India for future "blue chip" companies, citing favorable geopolitical positioning in the context of potential US-China trade tensions. Tariffs on Chinese goods could benefit India as companies shift manufacturing there, creating opportunities for Indian firms.

africa.chinadaily.com.cn

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Jan 8, 04:08

Yuan Expected to Rebound Despite Short-Term Pressures

Despite short-term pressure from US tariffs and a strong dollar, the Chinese yuan, currently at 7.3231 against the dollar, is expected to rebound due to high labor productivity, $3.2024 trillion in foreign exchange reserves, and government policy support.

Yuan Expected to Rebound Despite Short-Term Pressures

Despite short-term pressure from US tariffs and a strong dollar, the Chinese yuan, currently at 7.3231 against the dollar, is expected to rebound due to high labor productivity, $3.2024 trillion in foreign exchange reserves, and government policy support.

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What factors contribute to the yuan's expected resilience despite current market headwinds?

Despite short-term pressure from potential US tariffs and a strong US dollar, the Chinese yuan is expected to rebound later this year. China's high labor productivity, substantial foreign exchange reserves ($3.2024 trillion as of December 2023), and supportive government policies are cited as key factors.

kathimerini.gr

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Jan 10, 01:05

US to Ban Chinese Vehicles Over Security Concerns

The US will ban Chinese vehicles and related software by 2027 (software) and 2029 (hardware) to address national security concerns, impacting the US automotive market and US-China relations.

US to Ban Chinese Vehicles Over Security Concerns

The US will ban Chinese vehicles and related software by 2027 (software) and 2029 (hardware) to address national security concerns, impacting the US automotive market and US-China relations.

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Industry, Innovation, and Infrastructure

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What immediate impact will the ban on Chinese vehicles and software have on the US automotive market and national security?

US Commerce Secretary Gina Raimondo announced the finalization of rules banning Chinese vehicles and related software in the US. These rules, finalized next week, will effectively bar Chinese cars and trucks from the US market by requiring removal of Chinese software and hardware from vehicles sold in the US by 2027 (software) and 2029 (hardware). The ban addresses national security concerns.

cnn.com

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Jan 10, 19:10

Trump's Greenland Tariff Threat Could Hike Ozempic, Wegovy Prices

President-elect Trump's threat to impose high tariffs on Denmark unless it sells Greenland to the US could significantly increase the price of the popular diabetes and weight-loss drugs Ozempic and Wegovy, which are manufactured by Novo Nordisk. The US imported $5.7 billion in pharmaceuticals from D...

Trump's Greenland Tariff Threat Could Hike Ozempic, Wegovy Prices

President-elect Trump's threat to impose high tariffs on Denmark unless it sells Greenland to the US could significantly increase the price of the popular diabetes and weight-loss drugs Ozempic and Wegovy, which are manufactured by Novo Nordisk. The US imported $5.7 billion in pharmaceuticals from D...

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Good Health and Well-being

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How might Novo Nordisk respond to potential tariffs on its products, and what are the potential legal and logistical challenges involved?

This potential price increase stems from Novo Nordisk's significant market power and the high demand for Ozempic and Wegovy. While Novo Nordisk has US facilities, a substantial portion of the active ingredient is produced in Denmark, making it vulnerable to tariffs. The current American prices for these drugs are already far higher than in other countries.

abcnews.go.com

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Jan 9, 01:10

Trump's Threats Against Canada: Economic Warfare and Political Chaos

Canadian officials denounce U.S. President-elect Donald Trump's repeated suggestion that Canada become the 51st state, viewing it as an attempt to undermine their country's economy and create chaos; Trump's threat of economic force against Canada, a crucial trading partner providing the U.S. with 60...

Trump's Threats Against Canada: Economic Warfare and Political Chaos

Canadian officials denounce U.S. President-elect Donald Trump's repeated suggestion that Canada become the 51st state, viewing it as an attempt to undermine their country's economy and create chaos; Trump's threat of economic force against Canada, a crucial trading partner providing the U.S. with 60...

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Peace, Justice, and Strong Institutions

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What are the immediate economic consequences of Trump's threats against Canada?

U.S. President-elect Donald Trump's suggestion that Canada become the 51st state is no longer considered a joke by Canadian officials. Finance Minister Dominic LeBlanc stated that Trump's comments aim to undermine Canada, a close U.S. ally, and create chaos. Trump's repeated mention of this idea, coupled with his threat of economic force against Canada, is viewed as counterproductive.

jpost.com

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Jan 9, 16:11

Trump Considers National Emergency for Universal Tariffs

President-elect Donald Trump is considering declaring a national economic emergency to implement universal tariffs on all US imports using the International Economic Emergency Powers Act (IEEPA), potentially impacting allies and adversaries and setting a precedent for future trade actions.

Trump Considers National Emergency for Universal Tariffs

President-elect Donald Trump is considering declaring a national economic emergency to implement universal tariffs on all US imports using the International Economic Emergency Powers Act (IEEPA), potentially impacting allies and adversaries and setting a precedent for future trade actions.

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How does Trump's potential use of IEEPA compare to his past trade actions, and what are the legal implications?

Trump's consideration of invoking IEEPA reflects a pattern of using executive orders to achieve trade policy goals, as seen with previous tariffs on Chinese goods and Mexico. This approach bypasses Congress and could significantly impact global trade relations.

usa.chinadaily.com.cn

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Jan 8, 04:08

RMB Depreciation Primarily Driven by Strong US Dollar

The Chinese renminbi's recent slight depreciation is primarily attributed to a strengthening US dollar, impacting global currencies, not due to changes in China's economic policy or fundamentals; however, the market remains concerned about potential US tariffs and China's economic growth.

RMB Depreciation Primarily Driven by Strong US Dollar

The Chinese renminbi's recent slight depreciation is primarily attributed to a strengthening US dollar, impacting global currencies, not due to changes in China's economic policy or fundamentals; however, the market remains concerned about potential US tariffs and China's economic growth.

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What is the primary cause of the recent RMB depreciation against the US dollar?

The recent depreciation of the Chinese renminbi (RMB) against the US dollar is primarily due to the strengthening dollar, not a change in China's economic fundamentals. The dollar index reached a high of 109.5 on Thursday, pressuring global currencies including the euro and pound. This global trend, not specific Chinese policies, is the main driver of RMB fluctuation.

cnn.com

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Jan 8, 16:09

Trump Considers National Emergency to Justify Widespread Tariffs

President-elect Donald Trump is considering declaring a national economic emergency to implement broad tariffs on allies and adversaries using the International Economic Emergency Powers Act (IEEPA), a move that could rapidly reshape global trade but also face legal challenges.

Trump Considers National Emergency to Justify Widespread Tariffs

President-elect Donald Trump is considering declaring a national economic emergency to implement broad tariffs on allies and adversaries using the International Economic Emergency Powers Act (IEEPA), a move that could rapidly reshape global trade but also face legal challenges.

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How does Trump's potential use of IEEPA relate to his broader trade policy goals and past actions?

Trump's potential use of IEEPA connects to his broader aim of reshaping global trade. His past actions, like the threatened tariffs on Mexico in 2019, highlight his willingness to use strong-arm tactics. This approach risks legal battles and impacts on international relations.

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