Tag #Trade War

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theglobeandmail.com

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Feb 6, 19:08

Trump Nominee Vows to Continue Protectionist Trade Policies

President Trump's nominee for U.S. trade representative, Jamieson Greer, pledged to continue Trump's protectionist trade policies, involving tariffs on foreign goods to boost American jobs, despite concerns from senators about the unpredictability and potential economic consequences of this approach...

Trump Nominee Vows to Continue Protectionist Trade Policies

President Trump's nominee for U.S. trade representative, Jamieson Greer, pledged to continue Trump's protectionist trade policies, involving tariffs on foreign goods to boost American jobs, despite concerns from senators about the unpredictability and potential economic consequences of this approach...

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What are the immediate impacts of Greer's confirmation on U.S. trade policy and global economic relations?

Jamieson Greer, nominated by President Trump to be the U.S. trade representative, affirmed his commitment to Trump's protectionist trade policies during Senate testimony. This stance involves using tariffs on foreign goods to create American jobs, potentially impacting global trade relations and domestic prices.

lefigaro.fr

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Feb 6, 22:09

CAC 40 Surges Despite Trade War Concerns: Strong Earnings Drive Market Upward Trend

Despite concerns over the US-China trade war and weak European economies, the CAC 40 index closed at 8007.62 points on Thursday, driven by strong corporate earnings and expectations of increased dividends and share repurchases, exhibiting an 8.5% year-to-date increase.

CAC 40 Surges Despite Trade War Concerns: Strong Earnings Drive Market Upward Trend

Despite concerns over the US-China trade war and weak European economies, the CAC 40 index closed at 8007.62 points on Thursday, driven by strong corporate earnings and expectations of increased dividends and share repurchases, exhibiting an 8.5% year-to-date increase.

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How have central bank policies and the relative valuations of US and European markets influenced the performance of the CAC 40?

Positive corporate earnings and central bank actions lowering interest rates have driven recent market gains. However, concerns persist regarding the impact of the US-China trade war and potential future economic slowdown in Europe. Strong US economic performance and a shift in investor focus from the overvalued Nasdaq to European markets have also contributed to the CAC 40's rise.

apnews.com

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Feb 5, 01:10

Trump's Expanded Trade War Threatens US Economic Growth

Donald Trump's planned trade war sequel, involving 25% tariffs on goods from Mexico and Canada, 10% on China, and potential levies on the EU, threatens to raise prices and slow U.S. economic growth, unlike his first term's limited impact. This contrasts with his first term's more targeted approach w...

Trump's Expanded Trade War Threatens US Economic Growth

Donald Trump's planned trade war sequel, involving 25% tariffs on goods from Mexico and Canada, 10% on China, and potential levies on the EU, threatens to raise prices and slow U.S. economic growth, unlike his first term's limited impact. This contrasts with his first term's more targeted approach w...

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How might retaliatory tariffs from other countries, such as China, impact the U.S. economy and escalate the trade conflict?

Unlike Trump's first-term targeted tariffs, his current plan encompasses a broader range of goods, increasing the likelihood of higher consumer prices and economic slowdown. Retaliatory tariffs from affected countries, like China's actions, further exacerbate the situation, potentially triggering a tit-for-tat escalation. This contrasts sharply with the first term where the impact was largely contained.

cnn.com

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Feb 5, 07:09

US Postal Service Suspends Chinese Parcel Imports Amid Trade Tensions

The US Postal Service suspended accepting international parcels from China and Hong Kong due to unknown reasons, impacting e-commerce giants like Shein and Temu after President Trump terminated the "de minimis" exemption and imposed new tariffs on Chinese imports.

US Postal Service Suspends Chinese Parcel Imports Amid Trade Tensions

The US Postal Service suspended accepting international parcels from China and Hong Kong due to unknown reasons, impacting e-commerce giants like Shein and Temu after President Trump terminated the "de minimis" exemption and imposed new tariffs on Chinese imports.

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What are the potential long-term consequences of this trade dispute for consumers and the global e-commerce market?

This suspension may force Shein and Temu to adapt their business models, potentially raising prices or slowing delivery times. Increased scrutiny of international packages could also lead to longer processing times and higher costs for all importers, impacting consumer prices and the overall e-commerce landscape. The trade conflict's escalation could further disrupt global supply chains.

cnn.com

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Feb 5, 07:09

US Tariffs on Canadian Goods Paused Amid Trade Tensions

Hours before a 30-day pause, Canadian auto parts executive Rob Wildeboer questioned the US's threatened 25% tariff on Canadian goods, highlighting the close trade relationship and mutual economic harm. Canada's response included tit-for-tat tariffs, removal of American alcohol from liquor stores, an...

US Tariffs on Canadian Goods Paused Amid Trade Tensions

Hours before a 30-day pause, Canadian auto parts executive Rob Wildeboer questioned the US's threatened 25% tariff on Canadian goods, highlighting the close trade relationship and mutual economic harm. Canada's response included tit-for-tat tariffs, removal of American alcohol from liquor stores, an...

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What are the long-term implications of this trade dispute for the Canada-US relationship, considering the intertwined nature of their economies and the political factors driving the conflict?

The temporary reprieve on tariffs reveals the vulnerability of the North American automotive sector to trade disputes. The incident underscores the political complexities of managing international trade relations, particularly when domestic political agendas (like Trump's focus on border security and fentanyl) are prioritized over economic stability and integrated supply chains. The long-term impact will depend on the resolution of the underlying concerns that led to the trade tensions.

cincodias.elpais.com

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Feb 5, 07:10

Trump's Tariffs Trigger Market Volatility

Donald Trump's tariff strategy has triggered immediate market reactions, with companies like Canada Goose and WW Grainger experiencing significant stock declines; analysts predict an 8% reduction in S&P 500 earnings if all tariffs are implemented, impacting various sectors including retail, automoti...

Trump's Tariffs Trigger Market Volatility

Donald Trump's tariff strategy has triggered immediate market reactions, with companies like Canada Goose and WW Grainger experiencing significant stock declines; analysts predict an 8% reduction in S&P 500 earnings if all tariffs are implemented, impacting various sectors including retail, automoti...

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Which sectors and companies are most vulnerable to the effects of the tariffs, and why?

The tariff strategy targets various sectors, including retail (Lowe's, Nike, Target), automotive components (Magna International), and technology (Monolithic Power Systems). Companies with a substantial portion of their revenue tied to specific markets face disproportionate risks; for example, Jabil (18% revenue from Mexico) and Royal Gold (35% from Canada) are particularly vulnerable. This highlights the uneven distribution of economic consequences across different industries and nations.

it.euronews.com

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Feb 6, 22:09

EU Prepares Retaliatory Measures Against Potential US Tariffs

The EU is preparing a multi-pronged response to potential US tariffs imposed by Donald Trump, including targeted tariffs on consumer goods, utilizing its new anti-coercion instrument, and potentially adjusting defense spending, while also acknowledging the risk of fracturing EU unity.

EU Prepares Retaliatory Measures Against Potential US Tariffs

The EU is preparing a multi-pronged response to potential US tariffs imposed by Donald Trump, including targeted tariffs on consumer goods, utilizing its new anti-coercion instrument, and potentially adjusting defense spending, while also acknowledging the risk of fracturing EU unity.

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What immediate retaliatory measures is the EU considering in response to potential US tariffs, and what are their potential impacts?

The EU is preparing retaliatory measures against potential US tariffs, including targeted tariffs on consumer goods like Harley-Davidson motorcycles and jeans, as well as the use of its new anti-coercion instrument. This instrument allows the EU to restrict access to public procurement, licenses, and intellectual property rights. The EU also has the option of reducing or eliminating tariffs on automobiles, similar to agreements with Japan, South Korea, and Turkey.

dailymail.co.uk

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Feb 5, 07:10

Trump's Tariff Tactics: A Masterclass in Brinkmanship

President Trump's use of tariffs as a negotiation tactic, as shown by his recent actions against Colombia, Mexico, and Canada, has led to immediate policy changes in these countries but raises concerns about potential future trade wars and the economic health of the global economy.

Trump's Tariff Tactics: A Masterclass in Brinkmanship

President Trump's use of tariffs as a negotiation tactic, as shown by his recent actions against Colombia, Mexico, and Canada, has led to immediate policy changes in these countries but raises concerns about potential future trade wars and the economic health of the global economy.

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How is President Trump using tariffs as a tool in international relations, and what are the immediate consequences of this approach?

President Trump is using tariffs as a tool to pressure other countries into meeting his demands, as seen in his recent actions against Colombia and Mexico/Canada. His threats of 25% and 50% tariffs led to immediate concessions from both countries. This tactic showcases his negotiation style prioritizing power over traditional economic principles.

theglobeandmail.com

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Feb 5, 01:10

US Imposes 25% Tariff on Canadian Exports, Granting 30-Day Reprieve

The US imposed a 25% tariff on Canadian exports, creating immediate economic uncertainty, but a 30-day reprieve provides temporary relief; however, underlying tensions remain.

US Imposes 25% Tariff on Canadian Exports, Granting 30-Day Reprieve

The US imposed a 25% tariff on Canadian exports, creating immediate economic uncertainty, but a 30-day reprieve provides temporary relief; however, underlying tensions remain.

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What are the underlying causes of the US president's actions, and what broader patterns or implications do they reveal?

This tariff is not an isolated incident; it reflects a broader pattern of erratic and destructive behavior by the US president, targeting allies and undermining international institutions. The lack of rational justification for the tariffs highlights the personal motivations of the US president, not economic policy. The actions threaten to escalate trade tensions and disrupt long-standing trade relationships.

cnn.com

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Feb 5, 07:09

Trump's Tariff Changes Could Significantly Increase Prices for Shein, Temu, and AliExpress

The Trump administration eliminated a decades-old de minimis provision that allowed duty-free entry for packages under $800, impacting the low-cost business models of Chinese e-commerce companies like Shein and Temu, raising prices and slowing delivery for American consumers.

Trump's Tariff Changes Could Significantly Increase Prices for Shein, Temu, and AliExpress

The Trump administration eliminated a decades-old de minimis provision that allowed duty-free entry for packages under $800, impacting the low-cost business models of Chinese e-commerce companies like Shein and Temu, raising prices and slowing delivery for American consumers.

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How has the exponential increase in shipments under the de minimis exemption in the past decade contributed to the current policy changes?

The elimination of the de minimis exemption directly impacts the business models of Chinese e-commerce companies that thrived on low costs and tax exemptions. This change increases shipping costs, potentially impacting both businesses' marketing budgets and consumer prices, which will increase between 10-100%. The US Postal Service's temporary suspension of international parcels from China further exemplifies the disruption caused by this policy shift.

elpais.com

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Feb 5, 07:10

Trump's Unfulfilled Tariff Threats: Assessing the Economic Impact

During his 2020 reelection campaign, Donald Trump threatened significantly higher tariffs than those he implemented during his first term, promising reciprocal tariffs equal to those imposed on US exports, plus a universal 10-20% tariff on all imports and a 60% tariff on Chinese imports; however, he...

Trump's Unfulfilled Tariff Threats: Assessing the Economic Impact

During his 2020 reelection campaign, Donald Trump threatened significantly higher tariffs than those he implemented during his first term, promising reciprocal tariffs equal to those imposed on US exports, plus a universal 10-20% tariff on all imports and a 60% tariff on Chinese imports; however, he...

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How did other countries respond to Trump's tariffs, and what were the broader implications for global trade relationships?

Trump's tariff strategy involved escalating trade wars, particularly with China, resulting in increased tariffs on both sides. While the steel industry benefited, the overall economic impact was negative, including job losses at General Motors. These actions prompted retaliatory tariffs from other countries, notably the EU and China, significantly impacting trade relations.

elpais.com

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Feb 5, 07:10

Mexico's Congress Starts New Session Amidst US Trade Tensions

Mexico's Congress starts a new session on February 1st, facing US trade threats; the ruling Morena party plans 73 secondary reforms and constitutional changes focusing on housing, National Guard, and public safety, while the opposition remains low-key.

Mexico's Congress Starts New Session Amidst US Trade Tensions

Mexico's Congress starts a new session on February 1st, facing US trade threats; the ruling Morena party plans 73 secondary reforms and constitutional changes focusing on housing, National Guard, and public safety, while the opposition remains low-key.

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What immediate legislative actions is Mexico taking in response to US trade threats?

Mexico's Congress begins a new session on February 1st, facing pressure from US President Donald Trump. The ruling Morena party plans to introduce 73 secondary legislative reforms and several constitutional reforms. These will be considered over the next 100 days.

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