Tag #Trade War

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nos.nl

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Feb 12, 04:11

EU Condemns US Steel Tariffs, Vows Retaliation

The European Commission strongly criticized the US's 25% import tariffs on steel and aluminum, effective March 12th, eliminating previous quota exemptions, prompting the EU to announce retaliatory measures to protect its steel industry, which heavily relies on the US market.

EU Condemns US Steel Tariffs, Vows Retaliation

The European Commission strongly criticized the US's 25% import tariffs on steel and aluminum, effective March 12th, eliminating previous quota exemptions, prompting the EU to announce retaliatory measures to protect its steel industry, which heavily relies on the US market.

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What are the immediate economic consequences of the US's steel and aluminum tariffs on the EU?

The EU strongly condemns the US's 25% import tariffs on steel and aluminum, calling them "unjustified" and vowing "robust and proportionate countermeasures." These tariffs, effective March 12th, eliminate previous quota exemptions for the EU and other trading partners, impacting businesses and consumers.

usa.chinadaily.com.cn

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Feb 12, 04:12

EU Threatens Retaliation Against US Tariffs on Steel and Aluminum

US President Trump's 25% tariff on steel and aluminum imports, effective immediately, has sparked strong opposition from the European Union, threatening retaliatory measures and potentially escalating into a trade war.

EU Threatens Retaliation Against US Tariffs on Steel and Aluminum

US President Trump's 25% tariff on steel and aluminum imports, effective immediately, has sparked strong opposition from the European Union, threatening retaliatory measures and potentially escalating into a trade war.

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How is the EU's response to the US tariffs shaping the broader context of international trade relations?

The EU's unified opposition highlights the potential for significant economic disruption. The tariffs threaten to raise prices and inflation, impacting businesses and consumers. Statements from German Chancellor Olaf Scholz and others underscore the EU's determination to act collectively.

kathimerini.gr

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Feb 12, 10:11

EU-US Trade Tensions Rise Amidst Tariffs and Regulatory Disputes

Following US tariffs on European aluminum and steel, the EU President and US Vice President met in Paris, with the EU promising retaliatory measures and the US urging regulatory easing. Discussions also covered AI regulations and future cooperation, including potential US support for Ukraine.

EU-US Trade Tensions Rise Amidst Tariffs and Regulatory Disputes

Following US tariffs on European aluminum and steel, the EU President and US Vice President met in Paris, with the EU promising retaliatory measures and the US urging regulatory easing. Discussions also covered AI regulations and future cooperation, including potential US support for Ukraine.

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How do the US criticisms of EU regulations on digital services and AI relate to broader concerns about technological dominance and international trade?

The meeting between the EU President and the US Vice President reflects growing transatlantic friction over trade and tech regulation. The US aims to influence EU policy in favor of US tech companies, while the EU asserts its right to protect its interests and enforce its regulations. This conflict underscores a broader power struggle between the US and the EU in shaping the global digital landscape.

german.china.org.cn

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Feb 12, 13:17

Trump's Steel and Aluminum Tariffs Spark Global Backlash

President Trump implemented a 25% tariff increase on all steel and aluminum imports, prompting international condemnation and threats of retaliatory measures from Canada, the EU, India, and China, who argue the move will harm consumers and businesses globally.

Trump's Steel and Aluminum Tariffs Spark Global Backlash

President Trump implemented a 25% tariff increase on all steel and aluminum imports, prompting international condemnation and threats of retaliatory measures from Canada, the EU, India, and China, who argue the move will harm consumers and businesses globally.

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What are the immediate economic consequences of President Trump's decision to increase steel and aluminum tariffs?

President Trump increased tariffs on all steel and aluminum imports by up to 25 percent, prompting criticism from governments worldwide. This action is expected to negatively impact businesses and consumers, including those in the U.S.

theguardian.com

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Feb 12, 16:19

US Democrats Warn Trump: Tariffs on Canada, Mexico Risk Exacerbating Housing Crisis

Dozens of US congressional Democrats warned President Trump that imposing steep tariffs on Canada and Mexico risks exacerbating the US housing crisis and threatening the broader economy, citing potential cost increases of up to $4 billion in imported construction materials. The White House counters ...

US Democrats Warn Trump: Tariffs on Canada, Mexico Risk Exacerbating Housing Crisis

Dozens of US congressional Democrats warned President Trump that imposing steep tariffs on Canada and Mexico risks exacerbating the US housing crisis and threatening the broader economy, citing potential cost increases of up to $4 billion in imported construction materials. The White House counters ...

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How do the proposed tariffs on Canada and Mexico relate to President Trump's broader immigration and drug control policies?

The proposed tariffs, impacting all imports from Canada and Mexico, are far-reaching and raise concerns about potential price hikes across the US economy. A letter to Trump from over 40 House Democrats estimated that these tariffs, combined with existing duties on Chinese goods, could increase imported construction materials costs by up to \$4 billion, further exacerbating the existing housing shortage and affordability issues. These concerns underscore the potential for significant negative economic consequences.

nos.nl

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Feb 12, 19:19

US Tariffs Threaten Dutch Businesses

The threat of increased US import tariffs on European goods is causing major Dutch companies to assess their global strategies, with concerns focused on the potential negative impacts on sales and supply chains.

US Tariffs Threaten Dutch Businesses

The threat of increased US import tariffs on European goods is causing major Dutch companies to assess their global strategies, with concerns focused on the potential negative impacts on sales and supply chains.

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What are the immediate economic consequences for Dutch companies if the US imposes higher tariffs on European goods?

The potential imposition of higher import tariffs by the U.S. on European goods, including cars, chips, and medical equipment, is causing significant uncertainty among major Dutch companies, particularly those with substantial operations in both Europe and the United States. Companies like Ahold Delhaize, with 60% of its revenue from the US, are particularly vulnerable.

smh.com.au

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Feb 12, 04:12

Trump's Expanded Steel and Aluminum Tariffs: Broader Impact, Higher Stakes

President Trump's new tariffs on steel and aluminum imports into the US, applying a 25 percent rate to both metals from all countries and impacting key downstream products, mirror his 2018 actions but with broader consequences; the 2018 tariffs, while increasing steel industry profits and jobs, cost...

Trump's Expanded Steel and Aluminum Tariffs: Broader Impact, Higher Stakes

President Trump's new tariffs on steel and aluminum imports into the US, applying a 25 percent rate to both metals from all countries and impacting key downstream products, mirror his 2018 actions but with broader consequences; the 2018 tariffs, while increasing steel industry profits and jobs, cost...

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How did the design of the 2023 tariffs differ from the 2018 tariffs, and what are the potential implications of these differences for global trade relations?

The 2018 tariffs illustrate a pattern: protectionism benefits the protected sector but at the expense of consumers and related industries. While the US steel industry saw job growth and increased profits, these gains were offset by higher costs for steel users, highlighting the trade-offs inherent in protectionist policies. This cost was $650,000 per job created.

theglobeandmail.com

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Feb 12, 07:08

Trump's Aluminum Tariffs Threaten Saguenay's Economy

President Trump's 25% tariff on aluminum imports threatens Saguenay, Quebec, a city where aluminum production employs 7,600 people and accounts for a significant portion of the local economy, potentially impacting thousands more in related industries.

Trump's Aluminum Tariffs Threaten Saguenay's Economy

President Trump's 25% tariff on aluminum imports threatens Saguenay, Quebec, a city where aluminum production employs 7,600 people and accounts for a significant portion of the local economy, potentially impacting thousands more in related industries.

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How will the 25% tariff on aluminum imports specifically affect Saguenay's economy and its 7,600 aluminum workers in the short term?

President Trump's 25% tariff on aluminum imports threatens Saguenay, Quebec, a city heavily reliant on aluminum production, impacting 7,600 Quebec aluminum workers and potentially affecting related industries. The Canadian Chamber of Commerce ranks Saguenay as the seventh most vulnerable municipality due to its export dependence.

apnews.com

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Feb 12, 13:16

Modi Seeks to Navigate Trade Tensions During Washington Visit

Prime Minister Narendra Modi's visit to Washington aims to strengthen ties with President Trump despite trade tensions and concerns over tariffs; India has already made concessions, lowering tariffs on some U.S. products and facilitating the return of migrants, while also seeking to increase defense...

Modi Seeks to Navigate Trade Tensions During Washington Visit

Prime Minister Narendra Modi's visit to Washington aims to strengthen ties with President Trump despite trade tensions and concerns over tariffs; India has already made concessions, lowering tariffs on some U.S. products and facilitating the return of migrants, while also seeking to increase defense...

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How will the existing trade imbalance between the U.S. and India influence the negotiations, and what specific defense deals might be reached during Modi's visit?

India's strategic partnership with the U.S. is complicated by a significant trade imbalance ($50 billion in India's favor) and Trump's focus on increasing American arms sales to India. While India has shown flexibility on tariffs and migration, its willingness to concede further depends on balancing its national interests with the pursuit of a strong U.S. relationship. This balancing act is particularly challenging given India's simultaneous efforts to manage its relations with China.

german.china.org.cn

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Feb 12, 13:17

US Imposes Steel, Iron, Aluminum Tariffs, Sparking Global Trade War Fears

US President Donald Trump signed an executive order on Monday imposing 25% tariffs on steel, iron, and aluminum imports, escalating global trade war risks and prompting retaliatory threats from Canada and the European Union, despite the US aiming to boost domestic production and jobs.

US Imposes Steel, Iron, Aluminum Tariffs, Sparking Global Trade War Fears

US President Donald Trump signed an executive order on Monday imposing 25% tariffs on steel, iron, and aluminum imports, escalating global trade war risks and prompting retaliatory threats from Canada and the European Union, despite the US aiming to boost domestic production and jobs.

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What are the long-term implications of this protectionist trade policy for the US economy and global trade?

The imposition of these tariffs will likely trigger retaliatory measures from affected countries, leading to a decline in global trade and economic growth. The lack of technological advancement in the US steel and iron industry suggests that even with tariffs, long-term competitiveness remains a significant challenge. This protectionist approach may ultimately harm US consumers and businesses more than it helps the domestic steel sector.

dw.com

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Feb 12, 19:19

Trump Imposes Steel and Aluminum Tariffs, Sparking Economic Concerns

President Trump imposed 25% tariffs on steel and aluminum imports from all countries, effective March, aiming to revive US production, despite economist warnings of widespread negative impacts and potential retaliatory measures from Canada and the EU.

Trump Imposes Steel and Aluminum Tariffs, Sparking Economic Concerns

President Trump imposed 25% tariffs on steel and aluminum imports from all countries, effective March, aiming to revive US production, despite economist warnings of widespread negative impacts and potential retaliatory measures from Canada and the EU.

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What are the immediate economic consequences of Trump's 25% tariffs on steel and aluminum imports?

President Trump announced 25% tariffs on steel and aluminum imports, aiming to bolster domestic production. This will take effect in March and applies to all countries, potentially increasing prices for American consumers and harming low-income families who disproportionately supported him.

theglobeandmail.com

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Feb 12, 22:20

Bank of Canada Cuts Rates Amidst US Trade War Uncertainty

On January 29th, the Bank of Canada lowered its policy interest rate by 0.25 percentage points to 3 percent, primarily due to concerns about the potential for a protracted trade war with the United States and its effect on business confidence, investment, and consumer sentiment, despite recent posit...

Bank of Canada Cuts Rates Amidst US Trade War Uncertainty

On January 29th, the Bank of Canada lowered its policy interest rate by 0.25 percentage points to 3 percent, primarily due to concerns about the potential for a protracted trade war with the United States and its effect on business confidence, investment, and consumer sentiment, despite recent posit...

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What immediate impact did the threat of a prolonged US-Canada trade war have on the Bank of Canada's monetary policy decision?

The Bank of Canada cut interest rates by a quarter-percentage point to 3 percent on January 29th, its sixth consecutive cut. This decision was largely influenced by concerns over the potential for a prolonged trade war with the United States and the resulting economic uncertainty. The central bank acknowledged that the threat of tariffs was impacting business confidence and investment, as well as consumer sentiment.

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