Tag #Trade War

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dw.com

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Jul 24, 19:14

EU-China Summit Highlights Trade Tensions and Rare Earth Mineral Dispute

The shortened EU-China summit in Beijing reflects strained relations, marked by a €400 billion EU trade deficit, Chinese industrial policies favoring domestic suppliers, and China's control of rare earth minerals crucial for clean technologies, prompting EU calls for stronger measures.

EU-China Summit Highlights Trade Tensions and Rare Earth Mineral Dispute

The shortened EU-China summit in Beijing reflects strained relations, marked by a €400 billion EU trade deficit, Chinese industrial policies favoring domestic suppliers, and China's control of rare earth minerals crucial for clean technologies, prompting EU calls for stronger measures.

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What are the immediate consequences of China's reduced engagement and trade practices on the EU?

The EU-China summit in Beijing, originally planned for two days, was shortened to one, signaling low expectations for resolving trade tensions. The summit, marking 50 years of diplomatic relations, was moved to Beijing after Chinese President Xi Jinping declined an invitation to Brussels. Key EU officials met with Xi or Premier Li Qiang to discuss trade imbalances and access to the Chinese market.

forbes.com

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Jul 24, 22:13

Trump Tariffs to Hike Consumer Costs by $2,700 by 2025

Trump's reciprocal tariffs, delayed to August 1, are projected to increase household costs by \$2,700 by 2025, impacting back-to-school shopping and disproportionately affecting low-income families due to higher spending on imported goods, particularly from China.

Trump Tariffs to Hike Consumer Costs by $2,700 by 2025

Trump's reciprocal tariffs, delayed to August 1, are projected to increase household costs by \$2,700 by 2025, impacting back-to-school shopping and disproportionately affecting low-income families due to higher spending on imported goods, particularly from China.

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How will the tariffs disproportionately impact specific sectors of the economy, and what are the underlying causes?

These tariffs, announced during Trump's April "Liberation Day" event, are expected to disproportionately affect low-income families due to their higher spending on imported goods, particularly from China. The Yale Budget Lab highlights significant price increases in various sectors including electronics (20.5%), leather goods (40%), and clothing (36%).

spanish.china.org.cn

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Jul 24, 10:13

US Tariffs on Brazil: WTO Principles Challenged

The United States imposed a 50% tariff on Brazilian goods, starting August 1st, prompting Brazil to condemn the move as a violation of WTO principles and a threat to global economic stability, while vowing to use all legal means to defend its interests.

US Tariffs on Brazil: WTO Principles Challenged

The United States imposed a 50% tariff on Brazilian goods, starting August 1st, prompting Brazil to condemn the move as a violation of WTO principles and a threat to global economic stability, while vowing to use all legal means to defend its interests.

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How does the US justification for the tariffs align with or challenge existing WTO rules and principles?

The US tariffs represent a departure from multilateral trade rules, using trade as a tool for interference in another country's internal affairs. This action, condemned by Brazil's representative to the WTO, threatens global economic stability by disrupting supply chains and potentially escalating trade wars. Brazil's stated recourse through the WTO dispute resolution system highlights the challenge to the international trading order.

politico.eu

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Jul 24, 07:15

EU Weighs 'Trade Bazooka' Against U.S. Tariffs

Facing potential 30 percent tariffs from the U.S. by August 1st, the European Union is considering deploying its Anti-Coercion Instrument (ACI) – a powerful trade tool – against the U.S., alongside €93 billion in retaliatory tariffs on U.S. goods.

EU Weighs 'Trade Bazooka' Against U.S. Tariffs

Facing potential 30 percent tariffs from the U.S. by August 1st, the European Union is considering deploying its Anti-Coercion Instrument (ACI) – a powerful trade tool – against the U.S., alongside €93 billion in retaliatory tariffs on U.S. goods.

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How does the EU's decision to potentially utilize the ACI reflect broader changes in its trade policy and international relations?

The EU's potential use of the ACI reflects a shift towards a more assertive trade policy, driven by increasing economic pressure from countries like the U.S. and China. The ACI's development was prompted by past instances where the EU lacked sufficient tools to respond to coercive trade practices. The instrument aims to deter such actions by offering a strong countermeasure.

welt.de

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Jul 24, 07:15

Shortened EU-China Summit Reflects Strained Relations

The EU-China summit, originally planned as a two-day event in Brussels to celebrate 50 years of diplomatic relations, was significantly shortened and moved to Beijing due to China's unwillingness to have President Xi Jinping travel to Europe, reflecting the currently strained relations between the t...

Shortened EU-China Summit Reflects Strained Relations

The EU-China summit, originally planned as a two-day event in Brussels to celebrate 50 years of diplomatic relations, was significantly shortened and moved to Beijing due to China's unwillingness to have President Xi Jinping travel to Europe, reflecting the currently strained relations between the t...

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How have trade conflicts and sanctions contributed to the strained relationship between the EU and China, and what are the main points of contention?

The summit's condensed format and relocation to Beijing highlight the deteriorating relationship between the EU and China. Trade conflicts, stemming from EU sanctions against China for human rights abuses and China's subsequent retaliatory actions, have significantly impacted their economic ties.

africa.chinadaily.com.cn

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Jul 24, 07:16

China, US to Hold Third Round of Trade Talks in Sweden

China and the US will hold their third round of trade talks in Sweden from July 16-18, aiming to stabilize economic ties and boost global economic certainty; this follows previous talks in Geneva and London, and increased rare earth magnet exports from China to the US.

China, US to Hold Third Round of Trade Talks in Sweden

China and the US will hold their third round of trade talks in Sweden from July 16-18, aiming to stabilize economic ties and boost global economic certainty; this follows previous talks in Geneva and London, and increased rare earth magnet exports from China to the US.

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What is the immediate impact of the upcoming trade talks between China and the US on global economic certainty?

China and the US will hold their third round of trade talks in Sweden from July 16-18, aiming to stabilize their economic relationship and boost global economic certainty. The talks follow previous rounds in Geneva and London, and coincide with China's suspension of an anti-monopoly probe into DuPont and increased exports of rare earth magnets to the US.

fr.euronews.com

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Jul 24, 19:13

EU-China Summit Highlights €305.8 Billion Trade Deficit Amid Growing Tensions

The European Union faces a €305.8 billion annual trade deficit with China, fueled by overproduction and trade disputes, amid a strained summit marked by tensions over China's support for Russia in the Ukraine war and accusations of supplying dual-use goods for Russian weapons.

EU-China Summit Highlights €305.8 Billion Trade Deficit Amid Growing Tensions

The European Union faces a €305.8 billion annual trade deficit with China, fueled by overproduction and trade disputes, amid a strained summit marked by tensions over China's support for Russia in the Ukraine war and accusations of supplying dual-use goods for Russian weapons.

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How does the EU's internal political landscape contribute to its difficulties in addressing the rising influence of China?

José Manuel Barroso, former EU Commission president, criticizes the EU's slow response to China's growing dominance, emphasizing internal divisions as the primary obstacle rather than external factors. He points to the failure to fully harmonize the EU's single market and build a common defense as examples of this internal struggle. His criticism underscores the need for decisive EU action to counter China's influence.

gr.euronews.com

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Jul 24, 22:13

EU, China Reach Preliminary Deal on Rare Earth Exports Amid Trade Tensions

The EU and China reached a preliminary agreement on Thursday to lift export restrictions on rare earth elements, easing concerns of European industries and addressing a €300 billion trade deficit in 2024, but further progress is needed on market access and overcapacity issues.

EU, China Reach Preliminary Deal on Rare Earth Exports Amid Trade Tensions

The EU and China reached a preliminary agreement on Thursday to lift export restrictions on rare earth elements, easing concerns of European industries and addressing a €300 billion trade deficit in 2024, but further progress is needed on market access and overcapacity issues.

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What immediate impact does the EU-China agreement on rare earth exports have on European industries?

The EU reached a preliminary agreement with China to lift restrictions on rare earth exports, addressing concerns of European industries facing potential paralysis. These restrictions, imposed in April amid US trade disputes, severely impacted global supplies of seven rare earth elements crucial for defense, energy, and automotive sectors. The agreement includes a new mechanism to address supply chain delays.

dw.com

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Jul 24, 07:15

Brazil and Mexico Strengthen Economic Ties Amid US Tariffs

Brazilian President Lula and Mexican President Sheinbaum agreed to deepen economic ties amid US tariff announcements on Brazilian and Mexican products, with a Brazilian delegation visiting Mexico on August 27-28 to discuss expanding their trade agreement.

Brazil and Mexico Strengthen Economic Ties Amid US Tariffs

Brazilian President Lula and Mexican President Sheinbaum agreed to deepen economic ties amid US tariff announcements on Brazilian and Mexican products, with a Brazilian delegation visiting Mexico on August 27-28 to discuss expanding their trade agreement.

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What are the immediate consequences of the US tariff announcements on Brazil and Mexico's economic relations?

Brazil and Mexico seek to deepen economic ties amid US tariff announcements", according to official sources. Presidents Lula and Sheinbaum agreed on a visit by a Brazilian delegation to Mexico on August 27-28 to explore expanding the bilateral trade agreement. This follows President Trump's announcement of tariffs on Brazilian and Mexican goods.

zeit.de

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Jul 24, 07:15

EU-China Summit: Tensions High Despite Attempts at Positive Facade

High-level EU-China talks occurred amidst significant tensions, including disputes over the Ukraine war, trade imbalances exceeding €300 billion, and rare earth element export controls, despite both sides aiming to portray the meeting as successful.

EU-China Summit: Tensions High Despite Attempts at Positive Facade

High-level EU-China talks occurred amidst significant tensions, including disputes over the Ukraine war, trade imbalances exceeding €300 billion, and rare earth element export controls, despite both sides aiming to portray the meeting as successful.

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What are the immediate implications of the EU-China summit, given the existing tensions and diverse points of conflict?

The EU and China held high-level talks amidst significant tensions, marking the 50th anniversary of their diplomatic relationship. Despite disagreements on issues such as the Ukraine war and trade imbalances, both sides aim to present the meeting as a success, likely influenced by looming US tariffs.

cnn.com

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Jul 24, 10:12

Xi Urges EU Cooperation Amid Growing Tensions

Chinese President Xi Jinping urged the European Union to enhance cooperation amid growing tensions over trade imbalances, China's support for Russia, and its control of rare earth minerals; the EU highlighted a €300 billion trade deficit in 2022 and expressed concerns over these issues.

Xi Urges EU Cooperation Amid Growing Tensions

Chinese President Xi Jinping urged the European Union to enhance cooperation amid growing tensions over trade imbalances, China's support for Russia, and its control of rare earth minerals; the EU highlighted a €300 billion trade deficit in 2022 and expressed concerns over these issues.

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How did the Trump administration's trade policies influence the current state of EU-China relations?

The EU's concerns stem from a significant trade deficit with China, China's stance on the Ukraine war, and Beijing's control over crucial rare earth minerals. These issues highlight a growing rift despite earlier hopes for improved relations. Xi's call for cooperation contrasts with the EU's grievances, revealing a fundamental disagreement on economic and geopolitical issues.

abcnews.go.com

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Jul 23, 10:16

Trump Announces New Trade Deals, Imposing Tariffs on Japan, Philippines, and Indonesia

President Trump announced new trade deals with Japan (15% tariff), the Philippines (19% tariff), and maintained existing tariffs on Indonesia (19%), aiming to reduce trade deficits and boost U.S. manufacturing, but potentially raising consumer prices.

Trump Announces New Trade Deals, Imposing Tariffs on Japan, Philippines, and Indonesia

President Trump announced new trade deals with Japan (15% tariff), the Philippines (19% tariff), and maintained existing tariffs on Indonesia (19%), aiming to reduce trade deficits and boost U.S. manufacturing, but potentially raising consumer prices.

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How do these trade agreements align with President Trump's broader economic goals for the United States?

These trade deals aim to reduce the U.S. trade deficit and boost domestic manufacturing, aligning with Trump's stated goal of transforming the U.S. into a manufacturing-based economy. The deals, however, come with potential consequences like higher consumer prices due to increased import costs, as evidenced by General Motors' recent 35% drop in net income.

Showing 421 to 432 of 3,850 results