Tag #Trade War

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nbcnews.com

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Mar 12, 22:14

Trump's Aluminum Tariffs Hit Small Breweries Hard

President Trump's 25% tariffs on aluminum are significantly impacting Right Proper Brewing, a Washington, D.C. craft brewery, increasing their costs by over \$40,000 annually and potentially hindering their ability to hire or expand due to increased aluminum can prices from Canadian suppliers.

Trump's Aluminum Tariffs Hit Small Breweries Hard

President Trump's 25% tariffs on aluminum are significantly impacting Right Proper Brewing, a Washington, D.C. craft brewery, increasing their costs by over \$40,000 annually and potentially hindering their ability to hire or expand due to increased aluminum can prices from Canadian suppliers.

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What are the differences in how large and small breweries are affected by these tariffs, and why?

Right Proper Brewing faces over \$40,000 in increased annual costs due to the tariffs—the equivalent of one employee's salary. This is because their aluminum can supplier sources material from Canada, making them directly vulnerable to the tariffs. Larger breweries, like Molson Coors, can source domestically, avoiding this impact.

dw.com

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Mar 11, 16:09

US Stocks Plunge on Trump's Trade Policies Amid Recession Fears

US stocks plunged on Monday following President Trump's downplaying of his tariff threats, with the Dow dropping almost 900 points and the 'Magnificent Seven' tech stocks entering bear market territory, amid concerns over a potential recession and government shutdown.

US Stocks Plunge on Trump's Trade Policies Amid Recession Fears

US stocks plunged on Monday following President Trump's downplaying of his tariff threats, with the Dow dropping almost 900 points and the 'Magnificent Seven' tech stocks entering bear market territory, amid concerns over a potential recession and government shutdown.

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How are concerns about potential recession and government shutdowns contributing to the current market downturn?

President Trump's protectionist trade policies are significantly impacting the US economy, causing market uncertainty and potentially slowing growth. The combined wealth of five billionaires has been slashed by $209 billion since January 20, highlighting the scale of the market downturn. This negative market sentiment is fueled by concerns over potential recession and increased trade complexity.

dailymail.co.uk

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Mar 11, 19:16

Trump's Steel Tariffs Hit UK Amidst Global Trade Tensions

The United States will impose 25 percent tariffs on British steel and aluminum imports starting tomorrow, prompting concerns about a global trade war and potential damage to the UK economy; the UK government will not retaliate immediately.

Trump's Steel Tariffs Hit UK Amidst Global Trade Tensions

The United States will impose 25 percent tariffs on British steel and aluminum imports starting tomorrow, prompting concerns about a global trade war and potential damage to the UK economy; the UK government will not retaliate immediately.

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How do President Trump's actions fit into a broader pattern of global trade policy?

President Trump's tariffs are part of a broader pattern of escalating trade tensions, impacting Canada, Mexico, China, and threatening the EU. His actions are driven by concerns about trade imbalances, specifically mentioning VAT as a problematic tax. This escalation risks triggering a global trade war.

news.sky.com

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Mar 11, 19:16

Trump's Tariffs Trigger Stock Market Plunge

Donald Trump's threat to double tariffs on Canadian steel and aluminum to 50% has caused significant stock market losses, with the S&P 500 down 1.08%, while Canada's incoming prime minister vows retaliation.

Trump's Tariffs Trigger Stock Market Plunge

Donald Trump's threat to double tariffs on Canadian steel and aluminum to 50% has caused significant stock market losses, with the S&P 500 down 1.08%, while Canada's incoming prime minister vows retaliation.

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How do the White House and Canada justify their respective positions on tariffs?

The White House defends the tariffs, claiming they benefit American industries and are a response to unfair Canadian trade practices. However, Canada's incoming prime minister, Mark Carney, vows to retaliate and maintain tariffs until the US shows respect and commits to free trade. This reciprocal escalation risks further economic damage.

abcnews.go.com

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Mar 11, 01:13

US Recession Risk Rises to 35% Amidst Intensifying Trade War

Multiple financial institutions, including Goldman Sachs and Moody's Analytics, have significantly raised their recession probability estimates to 20% and 35%, respectively, primarily due to the Trump administration's recent tariffs and subsequent retaliatory measures from China and Canada.

US Recession Risk Rises to 35% Amidst Intensifying Trade War

Multiple financial institutions, including Goldman Sachs and Moody's Analytics, have significantly raised their recession probability estimates to 20% and 35%, respectively, primarily due to the Trump administration's recent tariffs and subsequent retaliatory measures from China and Canada.

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What is the current likelihood of a US recession, and what are the primary contributing factors based on recent economic forecasts?

Goldman Sachs and Moody's Analytics now estimate a 20% and 35% chance of a US recession, respectively, driven largely by the Trump administration's recent tariffs on goods from Mexico, Canada, and China. These tariffs have triggered retaliatory measures, deepening the trade war and impacting consumer and business confidence.

edition.cnn.com

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Mar 11, 04:08

China Unveils Tech-Focused Plan to Counter US Trade Pressure and Domestic Economic Challenges

China's "two sessions" meeting outlined a plan to boost economic growth via technological advancement (AI, $138B fund), increased government spending (4% budget deficit), and addressing domestic issues like the real estate crisis and weak consumer demand, all while countering US trade pressure.

China Unveils Tech-Focused Plan to Counter US Trade Pressure and Domestic Economic Challenges

China's "two sessions" meeting outlined a plan to boost economic growth via technological advancement (AI, $138B fund), increased government spending (4% budget deficit), and addressing domestic issues like the real estate crisis and weak consumer demand, all while countering US trade pressure.

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What is China's primary economic strategy to counter domestic challenges and US trade pressure, and what are its immediate implications?

China unveiled a plan to boost its economy by focusing on technological advancements, particularly AI, and increasing government spending to achieve a 5% growth target. This plan aims to address domestic challenges like the real estate crisis and weak consumer demand while navigating rising trade tensions with the US. The plan includes a $138 billion fund to support AI and other technological innovations.

spanish.china.org.cn

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Mar 11, 10:18

Carney Vows Retaliation Against Trump's Tariffs and Annexation Attempts

Following his election victory, Canadian Prime Minister-elect Mark Carney declared that he will maintain retaliatory tariffs against the US in response to President Trump's tariffs and repeated suggestions of annexing Canada; these tariffs on US goods, initially valued at C$30 billion, will rise to ...

Carney Vows Retaliation Against Trump's Tariffs and Annexation Attempts

Following his election victory, Canadian Prime Minister-elect Mark Carney declared that he will maintain retaliatory tariffs against the US in response to President Trump's tariffs and repeated suggestions of annexing Canada; these tariffs on US goods, initially valued at C$30 billion, will rise to ...

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What are the immediate economic consequences of the escalating trade dispute between Canada and the US?

Mark Carney, newly elected Canadian Prime Minister, vows to retaliate against US tariffs and annexation attempts. He plans to maintain tariffs on US imports until the US shows "respect", citing unjustified tariffs and repeated annexation comments by President Trump. This follows Trump's imposition of a 25% tariff on imports from Canada and Mexico, later paused for 30 days before taking effect on March 4th.

bbc.com

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Mar 11, 19:16

Trump Doubles Tariffs on Canada, Escalating Trade War

President Trump doubled tariffs on Canadian steel and aluminum, escalating trade tensions after downplaying market concerns; retaliatory measures from Canada and a predicted US economic downturn threaten further escalation globally.

Trump Doubles Tariffs on Canada, Escalating Trade War

President Trump doubled tariffs on Canadian steel and aluminum, escalating trade tensions after downplaying market concerns; retaliatory measures from Canada and a predicted US economic downturn threaten further escalation globally.

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How are the actions of the Canadian government contributing to the escalation of the trade war?

This change in approach is further evidenced by the Atlanta Federal Reserve's prediction of a falling US economy in the first quarter of the year, coupled with weakening private sector sentiment due to tariff uncertainty. The Canadian government's retaliatory measures, including a 25% surcharge on US-bound electricity and threats to cut off supply, exacerbate the situation.

nrc.nl

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Mar 11, 19:16

Trump Doubles Tariffs on Canadian Steel and Aluminum, Deepening Market Uncertainty

President Trump doubled tariffs on Canadian steel and aluminum imports to 50 percent in retaliation for Canadian tariffs, escalating trade tensions and further depressing the US stock market which is already down since his election.

Trump Doubles Tariffs on Canadian Steel and Aluminum, Deepening Market Uncertainty

President Trump doubled tariffs on Canadian steel and aluminum imports to 50 percent in retaliation for Canadian tariffs, escalating trade tensions and further depressing the US stock market which is already down since his election.

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What are the immediate consequences of President Trump's decision to double tariffs on Canadian steel and aluminum imports?

President Trump doubled tariffs on Canadian steel and aluminum imports from 25 percent to 50 percent, escalating trade tensions and causing further uncertainty in the already volatile stock market. This action followed a similar tariff imposed by Canada, prompting Trump's retaliatory move. The resulting market reaction saw significant losses, particularly in tech stocks.

theglobeandmail.com

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Mar 11, 01:13

China Slaps 25% Tariff on Canadian Seafood, Exacerbating Industry Uncertainty

China imposed a 25% tariff on Canadian seafood exports, impacting $1.3 billion (2024) worth of products shipped to China, adding to existing US tariff concerns for the Atlantic Canadian seafood sector.

China Slaps 25% Tariff on Canadian Seafood, Exacerbating Industry Uncertainty

China imposed a 25% tariff on Canadian seafood exports, impacting $1.3 billion (2024) worth of products shipped to China, adding to existing US tariff concerns for the Atlantic Canadian seafood sector.

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How do the retaliatory tariffs imposed by China on Canadian seafood relate to broader geopolitical tensions and trade disputes between the two countries?

The Chinese tariffs are a direct retaliation for Canadian surtaxes on Chinese electric vehicles, steel, and aluminum. This highlights the interconnectedness of global trade and the potential for retaliatory actions to significantly disrupt specific sectors, like Atlantic Canada's seafood industry, which relies heavily on exports to both the US and China.

us.cnn.com

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Mar 11, 04:08

China Unveils Tech-Focused Plan to Counter US Pressure and Boost Growth

China announced a plan to stimulate its economy by investing heavily in AI and technological innovation, increasing government spending to a 4% deficit, and boosting domestic consumption, aiming for a 5% growth target amidst rising US trade tensions and domestic economic challenges.

China Unveils Tech-Focused Plan to Counter US Pressure and Boost Growth

China announced a plan to stimulate its economy by investing heavily in AI and technological innovation, increasing government spending to a 4% deficit, and boosting domestic consumption, aiming for a 5% growth target amidst rising US trade tensions and domestic economic challenges.

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What are the key elements of China's plan to address economic challenges and achieve its growth target, and what are the immediate implications?

China's government unveiled a plan to boost technological innovation, particularly in AI, and increase government spending to achieve a 5% growth target. This plan aims to address economic challenges like weak consumer demand and high local government debt, while countering US economic pressure. A state-backed fund of nearly $138 billion over 20 years will support AI and other technological advancements.

dailymail.co.uk

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Mar 11, 04:08

Global Markets Tumble on Trump Trade War Fears

Global stock markets plummeted yesterday, with the FTSE 100 down 0.9 percent and the Nasdaq falling around 4 percent, amid mounting fears that President Trump's trade war will trigger a US recession; investors expressed 'absolute despair', while former Bank of England governor Mark Carney condemned ...

Global Markets Tumble on Trump Trade War Fears

Global stock markets plummeted yesterday, with the FTSE 100 down 0.9 percent and the Nasdaq falling around 4 percent, amid mounting fears that President Trump's trade war will trigger a US recession; investors expressed 'absolute despair', while former Bank of England governor Mark Carney condemned ...

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What are the immediate economic consequences of the escalating trade war initiated by President Trump's tariff policies?

Global stock markets experienced significant declines due to fears of a US recession triggered by President Trump's trade war. The FTSE 100 fell 0.9 percent, Germany's benchmark dropped 1.75 percent, and the Nasdaq fell approximately 4 percent in early trading. This sell-off reflects investor anxieties about the economic consequences of escalating tariffs.

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