Tag #Trade War

faz.net
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US Tariff Plan Risks Global Trade War

US President Trump plans to impose import tariffs mirroring those of trading partners, plus other trade barriers and VAT, sparking concerns of a global trade war and negative impacts on the world economy; the German auto industry, with 138,000 US employees, is particularly concerned.

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europe.chinadaily.com.cn
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China Condemns US Tariffs, Urges Return to Multilateral Trade

China criticized the US's 25 percent import tax on steel and aluminum, calling it protectionist and a violation of WTO rules, while urging the US to rejoin the multilateral trading system; the move has already begun to negatively impact Chinese businesses, but the immediate effect is limited.

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politico.eu
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EU Prepares for Trade Showdown with US, Bolsters Defenses

The European Union, having bolstered its trade defense arsenal since Trump's first term, seeks dialogue with the new US administration but is prepared to retaliate with tariffs on US goods, including those from Big Tech, if negotiations fail; the EU's Anti-Coercion Instrument allows for countermeasu...

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tr.euronews.com
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Trump Orders Reciprocal Tariff Investigation, Targeting EU

President Trump ordered an investigation into reciprocal tariffs on goods from countries imposing tariffs and non-tariff barriers on U.S. products, targeting the EU's VAT system and potentially impacting automobiles, computer chips, and pharmaceuticals, with the study due by April 1st.

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africa.chinadaily.com.cn
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US Imposes Sweeping Tariffs, Sparking Economic and Geopolitical Concerns

The US imposed a 25% tariff on all steel and aluminum imports on February 10th, alongside a reciprocal tariff policy, aiming to counter China's rise and maintain control over Europe, despite warnings of significant economic consequences for American consumers and global trade.

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spanish.china.org.cn
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Trump's Reciprocal Tariffs Risk Trade War

On February 4th, 2025, President Donald Trump signed a memorandum ordering reciprocal tariffs on foreign trade partners to reduce the US trade deficit, contradicting the WTO's understanding of reciprocity and potentially increasing US tariffs by 10-15 percent, which could negatively impact the US ec...

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dw.com
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Trump Imposes Reciprocal Tariffs on US Trading Partners

President Trump signed an executive order authorizing reciprocal tariffs on US trading partners, claiming it is to ensure fair trade practices; agencies have 180 days to identify target countries and implement country-specific tariffs, prioritizing those with the largest trade deficits.

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aljazeera.com
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Modi and Trump Announce Expanded Cooperation Framework

Indian Prime Minister Narendra Modi's White House visit with President Trump resulted in a framework for increased cooperation in trade, space, and energy, addressing tariff concerns while also pledging to combat terrorism and extraditing Tahawwur Rana to India.

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bbc.com
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Trump's Tariffs: Economic Risks Outweigh Benefits

Economists widely criticize Donald Trump's tariffs, arguing they will harm consumers, businesses, and the overall US economy, contradicting historical evidence supporting free trade's positive effects.

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es.euronews.com
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Trump's Reciprocal Tariffs Spark Potential Trade War

President Trump signed an executive order on Thursday implementing reciprocal tariffs matching those imposed by other countries on US imports, aiming to eliminate trade imbalances and potentially sparking global economic tensions.

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theguardian.com
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Trump's Trade War: Escalating Tensions and Unlikely Solutions

President Trump's aggressive trade policies, including tariffs on steel, aluminum, and potential future tariffs on other goods, are escalating tensions with China and other trading partners, reflecting a bipartisan concern over the decline of US manufacturing jobs and economic precarity.

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theglobeandmail.com
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Trump's Tariffs to Cripple North American Auto Industry

President Trump's planned 25 percent tariffs on Canadian and Mexican auto parts, starting as early as March, will severely disrupt the North American auto industry, according to Magna International CEO Swamy Kotagiri, who estimates a 20 percent reduction in 2025 earnings before interest and taxes if...

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