Tag #Trade War

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cbsnews.com

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Jul 15, 01:15

Trump's Tariff Threats Leave Businesses and Consumers in Limbo

President Trump's administration is threatening to impose tariffs ranging from 20% to 100% on goods from over 50 countries by August 1, creating uncertainty for businesses and consumers despite exceeding \$100 billion in customs duties collected in June.

Trump's Tariff Threats Leave Businesses and Consumers in Limbo

President Trump's administration is threatening to impose tariffs ranging from 20% to 100% on goods from over 50 countries by August 1, creating uncertainty for businesses and consumers despite exceeding \$100 billion in customs duties collected in June.

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What are the immediate economic consequences of President Trump's widespread tariff threats on U.S. businesses and consumers?

President Trump's tariff threats against over 50 countries, including major trading partners like the EU, Mexico, and Canada, have created uncertainty for businesses and consumers ahead of an August 1 deadline. The White House cites aims of fair trade, boosting domestic sectors, and generating revenue, but experts express concern over the lack of comprehensive trade deals and conflicting policy goals.

bbc.com

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Jul 15, 07:12

China's Economic Growth Slows to 5.2% Amidst Trade Tensions and Property Market Woes

China's economy grew 5.2% in Q2 2023, down from 5.4% in Q1, due to US tariffs and property market issues; manufacturing expanded 6.4%, but retail sales slowed to 4.8% and new home prices fell sharply, raising concerns about future growth despite government support measures and a temporary trade truc...

China's Economic Growth Slows to 5.2% Amidst Trade Tensions and Property Market Woes

China's economy grew 5.2% in Q2 2023, down from 5.4% in Q1, due to US tariffs and property market issues; manufacturing expanded 6.4%, but retail sales slowed to 4.8% and new home prices fell sharply, raising concerns about future growth despite government support measures and a temporary trade truc...

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How did different economic sectors in China perform during this period, and what are the key indicators of economic vulnerability?

The slowdown reflects the combined impact of US tariffs and the property market crisis. While government stimulus and export growth (partly due to pre-tariff shipments) mitigated the impact, the resilience is fragile. June's figures reveal weakening consumer and property sectors, despite government interventions.

bbc.com

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Jul 15, 19:14

US Inflation Jumps to 2.7% as Tariffs Take Hold

US inflation climbed to 2.7% in June, fueled by higher energy and housing costs, with initial signs of tariff-related price increases in various consumer goods, despite some price declines in other sectors.

US Inflation Jumps to 2.7% as Tariffs Take Hold

US inflation climbed to 2.7% in June, fueled by higher energy and housing costs, with initial signs of tariff-related price increases in various consumer goods, despite some price declines in other sectors.

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How are businesses and consumers responding to the increased tariffs, and what are the economic forecasts regarding the future impact of these measures?

The rising inflation is partly driven by President Trump's tariffs, as indicated by price increases in various sectors such as coffee (2.2%), citrus fruits (2.3%), toys (1.8%), appliances (1.9%), and clothing (0.4%). These increases, however, were partially offset by price declines in other areas like cars and airfare.

dw.com

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Jul 15, 07:12

Brazil Implements Reciprocity Law to Counter US Tariffs

Brazilian President Lula da Silva signed a decree on July 14, 2025, implementing the Reciprocity Law in response to a 50% US tariff increase on Brazilian goods, starting August 1st, detailing retaliatory economic protection procedures, prioritizing diplomatic solutions before countermeasures, and ar...

Brazil Implements Reciprocity Law to Counter US Tariffs

Brazilian President Lula da Silva signed a decree on July 14, 2025, implementing the Reciprocity Law in response to a 50% US tariff increase on Brazilian goods, starting August 1st, detailing retaliatory economic protection procedures, prioritizing diplomatic solutions before countermeasures, and ar...

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What immediate actions is Brazil taking to counter the 50% US tariff increase on its products?

On July 14, 2025, Brazilian President Lula da Silva signed a decree implementing the Reciprocity Law, enabling Brazil to retaliate against a 50% US tariff increase on Brazilian goods. The decree details economic protection procedures in response to unilateral trade barriers restricting Brazilian exports. This follows President Trump's announcement of a 50% tariff increase starting August 1st.", A2="The decree allows for reciprocal measures against unjustified trade barriers, prioritizing diplomatic solutions before implementing countermeasures. Brazil argues that the US tariff is politically motivated, citing a long-standing US trade surplus and Bolsonaro's legal situation. The Reciprocity Law allows for both commercial and diplomatic countermeasures.", A3="This situation highlights growing trade tensions between Brazil and the US. Future impacts may include retaliatory tariffs from Brazil, potentially disrupting bilateral trade further. The outcome could significantly impact the 12% of Brazilian exports destined for the US, totaling $40.3 billion in 2024.", Q1="What immediate actions is Brazil taking to counter the 50% US tariff increase on its products?", Q2="What are the underlying causes of the US tariff increase, and what diplomatic efforts is Brazil undertaking to resolve the conflict?", Q3="What are the potential long-term consequences of this trade dispute for the Brazilian economy and the US-Brazil relationship?", ShortDescription="Brazilian President Lula da Silva signed a decree on July 14, 2025, implementing the Reciprocity Law in response to a 50% US tariff increase on Brazilian goods, starting August 1st, detailing retaliatory economic protection procedures, prioritizing diplomatic solutions before countermeasures, and arguing that the tariffs are politically motivated.", ShortTitle="Brazil Implements Reciprocity Law to Counter US Tariffs")) 숫자 print(default_api.final_result(A1="On July 14, 2025, Brazilian President Lula da Silva signed a decree implementing the Reciprocity Law, enabling Brazil to retaliate against a 50% US tariff increase on Brazilian goods. The decree details economic protection procedures in response to unilateral trade barriers restricting Brazilian exports. This follows President Trump's announcement of a 50% tariff increase starting August 1st.", A2="The decree allows for reciprocal measures against unjustified trade barriers, prioritizing diplomatic solutions before implementing countermeasures. Brazil argues that the US tariff is politically motivated, citing a long-standing US trade surplus and Bolsonaro's legal situation. The Reciprocity Law allows for both commercial and diplomatic countermeasures.", A3="This situation highlights growing trade tensions between Brazil and the US. Future impacts may include retaliatory tariffs from Brazil, potentially disrupting bilateral trade further. The outcome could significantly impact the 12% of Brazilian exports destined for the US, totaling $40.3 billion in 2024.", Q1="What immediate actions is Brazil taking to counter the 50% US tariff increase on its products?", Q2="What are the underlying causes of the US tariff increase, and what diplomatic efforts is Brazil undertaking to resolve the conflict?", Q3="What are the potential long-term consequences of this trade dispute for the Brazilian economy and the US-Brazil relationship?", ShortDescription="Brazilian President Lula da Silva signed a decree on July 14, 2025, implementing the Reciprocity Law in response to a 50% US tariff increase on Brazilian goods, starting August 1st, detailing retaliatory economic protection procedures, prioritizing diplomatic solutions before countermeasures, and arguing that the tariffs are politically motivated.", ShortTitle="Brazil Implements Reciprocity Law to Counter US Tariffs"))

nrc.nl

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Jul 15, 16:13

Trump Imposes 30% Tariff on EU Goods, Jeopardizing Trade Deal

President Trump announced a 30 percent import tariff on EU goods, effective August 1st, jeopardizing a trade deal and escalating tensions, following similar tariffs on other nations.

Trump Imposes 30% Tariff on EU Goods, Jeopardizing Trade Deal

President Trump announced a 30 percent import tariff on EU goods, effective August 1st, jeopardizing a trade deal and escalating tensions, following similar tariffs on other nations.

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What is the immediate impact of President Trump's 30 percent tariff announcement on EU-US trade relations?

President Trump announced a 30 percent import tariff on European Union goods, effective August 1st, jeopardizing a potential trade agreement and causing significant uncertainty for businesses. This follows similar tariffs imposed on other countries, including South Africa, Brazil, and several Asian nations.

theglobeandmail.com

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Jul 15, 01:14

Trump's Trade Threats Lose Steam Amidst Growing International Cooperation

President Trump's trade threats are losing effectiveness due to stronger international collaboration, weakening US economy, and the perception that his tariffs are a bluff; the most likely outcome is a series of weak trade deals, but a coordinated retaliation is possible.

Trump's Trade Threats Lose Steam Amidst Growing International Cooperation

President Trump's trade threats are losing effectiveness due to stronger international collaboration, weakening US economy, and the perception that his tariffs are a bluff; the most likely outcome is a series of weak trade deals, but a coordinated retaliation is possible.

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How are international dynamics influencing the effectiveness of Trump's trade negotiation strategy?

The global economic landscape is shifting. Major trading partners are actively collaborating, developing contingency plans, and exploring alternative sourcing of goods and defense supplies, reducing reliance on the U.S. This concerted response is eroding Trump's perceived negotiating power.

aljazeera.com

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Jul 15, 22:11

Trump's Tariffs Fuel US Inflation Surge

United States inflation rose to 2.7 percent in June, the highest since February, primarily due to President Trump's tariffs increasing prices on imported goods; this poses a political challenge for Trump and complicates the Federal Reserve's interest rate decisions.

Trump's Tariffs Fuel US Inflation Surge

United States inflation rose to 2.7 percent in June, the highest since February, primarily due to President Trump's tariffs increasing prices on imported goods; this poses a political challenge for Trump and complicates the Federal Reserve's interest rate decisions.

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How significantly has President Trump's tariff policy impacted US inflation, and what are the immediate consequences?

Inflation in the United States surged to a 13-month high in June, reaching 2.7 percent year-on-year, as President Trump's tariffs increased prices on various goods. This rise follows a 2.4 percent increase in May and a 0.3 percent monthly increase from May to June. Core inflation, excluding volatile food and energy, also rose to 2.9 percent year-on-year.

elpais.com

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Jul 15, 19:14

Trump Announces US-Indonesia Trade Deal Amidst Indonesian Official Surprise

President Trump announced a trade deal with Indonesia, imposing a 32% tariff despite Indonesian officials' surprise and lack of prior confirmation, highlighting a unilateral approach to trade negotiations.

Trump Announces US-Indonesia Trade Deal Amidst Indonesian Official Surprise

President Trump announced a trade deal with Indonesia, imposing a 32% tariff despite Indonesian officials' surprise and lack of prior confirmation, highlighting a unilateral approach to trade negotiations.

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What are the specific terms of the announced US-Indonesia trade agreement, and what immediate impact does it have on tariffs?

President Trump announced a trade deal with Indonesia, imposing a 32% tariff. This follows a 90-day truce that expired, yet Trump claims a deal despite Indonesian officials expressing surprise at the announcement via Trump's social media. Details remain scarce.

pt.euronews.com

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Jul 15, 01:14

EU Prepares €72 Billion Retaliatory Tariff List Against US

The European Union is preparing a €72 billion retaliatory tariff list against the United States in response to threatened 30% tariffs on EU imports starting August 1st, including American airplanes and Bourbon whiskey, after weeks of tense negotiations.

EU Prepares €72 Billion Retaliatory Tariff List Against US

The European Union is preparing a €72 billion retaliatory tariff list against the United States in response to threatened 30% tariffs on EU imports starting August 1st, including American airplanes and Bourbon whiskey, after weeks of tense negotiations.

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What is the EU's immediate response to the US threat of imposing 30% tariffs on EU imports, and what are the specific economic implications?

The EU is preparing a €72 billion retaliatory tariff list against the US, following threats of 30% tariffs on EU imports starting August 1st. This list, initially €95 billion, was reduced after consultations with EU industries and member states. The proposed tariffs target various products including American airplanes and Bourbon whiskey.

theglobeandmail.com

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Jul 15, 19:14

Carney: Complete Removal of US Tariffs on Canadian Goods Unlikely

Canadian Prime Minister Mark Carney stated that a complete elimination of US tariffs on Canadian goods is improbable, impacting trade negotiations and requiring Canadian businesses to adjust to the possibility of persistent tariffs, while Canada strengthens its domestic economy.

Carney: Complete Removal of US Tariffs on Canadian Goods Unlikely

Canadian Prime Minister Mark Carney stated that a complete elimination of US tariffs on Canadian goods is improbable, impacting trade negotiations and requiring Canadian businesses to adjust to the possibility of persistent tariffs, while Canada strengthens its domestic economy.

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What is the likelihood of a complete removal of all U.S. tariffs on Canadian goods, and what are the immediate implications for Canadian businesses?

Prime Minister Mark Carney stated that a complete removal of all U.S. tariffs on Canadian goods is unlikely, signifying a shift in expectations for a Canada-U.S. trade deal. This follows Trump's threat of 35% tariffs on Canadian imports starting August 1st, intensifying ongoing trade negotiations.

theglobeandmail.com

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Jul 15, 16:13

June CPI Increase Marks Tariff-Induced Inflation Surge

U.S. consumer prices increased 0.3 percent in June, the largest gain since January, driven by tariffs on imported goods, exceeding economist predictions and prompting the Federal Reserve to remain cautious about interest rate cuts.

June CPI Increase Marks Tariff-Induced Inflation Surge

U.S. consumer prices increased 0.3 percent in June, the largest gain since January, driven by tariffs on imported goods, exceeding economist predictions and prompting the Federal Reserve to remain cautious about interest rate cuts.

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What are the potential long-term economic consequences of the tariff-induced inflation?

Higher prices for goods, particularly consumer electronics, autos, and apparel, are expected to continue in the coming months due to ongoing tariffs. However, moderate increases in service costs may partially offset this, preventing widespread inflation. The Federal Reserve is unlikely to cut interest rates soon despite pressure from President Trump.

dailymail.co.uk

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Jul 15, 16:13

FTSE 100 Hits Record High Amidst Trump's Trade War

The UK's FTSE 100 share index hit a record high of 9,016.98 today, driven by investors seeking refuge from Donald Trump's trade war and the UK's pre-existing favorable trade deal with the US, which includes a 10 percent tariff and exemptions for some industries.

FTSE 100 Hits Record High Amidst Trump's Trade War

The UK's FTSE 100 share index hit a record high of 9,016.98 today, driven by investors seeking refuge from Donald Trump's trade war and the UK's pre-existing favorable trade deal with the US, which includes a 10 percent tariff and exemptions for some industries.

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What factors contributed to the FTSE 100 reaching a record high, and what are the immediate implications for the UK economy?

The FTSE 100, the UK's blue-chip share index, reached a record high of 9,016.98 today, exceeding 9,000 for the first time. This surge is attributed to investors seeking safe havens amid Donald Trump's trade war and the UK's pre-existing trade deal with the US, which includes a 10 percent tariff and exemptions for specific sectors like car exports. However, promised exemptions for steel haven't materialized yet.

Showing 505 to 516 of 3,850 results