Tag #Trade War

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welt.de

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May 2, 04:12

Trump Tariffs Trigger US Economic Contraction

President Trump's tariffs caused a 0.3% US economic contraction in Q1 2024, impacting companies like Apple ($900 million added costs this quarter), Amazon (vendor disputes), and Airbnb (weakened US bookings), resulting in post-market stock drops and broader economic uncertainty.

Trump Tariffs Trigger US Economic Contraction

President Trump's tariffs caused a 0.3% US economic contraction in Q1 2024, impacting companies like Apple ($900 million added costs this quarter), Amazon (vendor disputes), and Airbnb (weakened US bookings), resulting in post-market stock drops and broader economic uncertainty.

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What are the immediate economic consequences of President Trump's tariff policies on major US corporations and the overall US economy?

US President Donald Trump's tariff policies significantly impacted several major corporations' financial outlooks, despite strong past-quarter results for companies like Apple, Amazon, and Airbnb. Apple, for instance, experienced a surge in iPhone purchases likely due to preemptive buying ahead of tariffs, yet anticipates $900 million in additional costs this quarter because of them. This uncertainty is affecting investor confidence, as seen in post-market stock drops.

dailymail.co.uk

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May 2, 01:16

UK Manufacturing in Recession Amidst Trump's Trade War

Global demand for British goods has fallen sharply, causing a seven-month contraction in the UK's manufacturing sector; April's PMI reading was 45.4, reflecting the impact of Donald Trump's trade war and increased UK employer costs.

UK Manufacturing in Recession Amidst Trump's Trade War

Global demand for British goods has fallen sharply, causing a seven-month contraction in the UK's manufacturing sector; April's PMI reading was 45.4, reflecting the impact of Donald Trump's trade war and increased UK employer costs.

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What is the immediate economic impact of the downturn in global demand for British goods, and how significant is this impact on the UK?

Britain's manufacturing sector has been shrinking for seven consecutive months, with April's PMI at 45.4, signifying a recession. New export orders plummeted to their lowest since May 2020, primarily due to decreased demand from the US, Europe, and China. This downturn is largely attributed to Donald Trump's trade war and its impact on global markets.

dw.com

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May 2, 04:12

Apple Shifts iPhone Production to India and Vietnam Due to US Tariffs

Apple announced a shift in iPhone production to India, with a majority of US-bound iPhones now originating from India and most iPads, Macs, Apple Watches, and AirPods from Vietnam, as a response to US tariffs on Chinese imports, estimating a \$900 million cost increase in the April-June quarter.

Apple Shifts iPhone Production to India and Vietnam Due to US Tariffs

Apple announced a shift in iPhone production to India, with a majority of US-bound iPhones now originating from India and most iPads, Macs, Apple Watches, and AirPods from Vietnam, as a response to US tariffs on Chinese imports, estimating a \$900 million cost increase in the April-June quarter.

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What is the primary impact of US tariffs on Apple's manufacturing strategy, and how is the company responding?

Apple is shifting iPhone production from China to India and Vietnam to mitigate the impact of US tariffs. A majority of iPhones sold in the US will now originate from India, while almost all iPads, Macs, Apple Watches, and AirPods will come from Vietnam. This strategic shift reflects Apple's response to the ongoing trade war between the US and China.

bbc.com

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May 2, 04:12

India-Bangladesh Trade War: Economic Fallout from Political Tensions

India and Bangladesh have imposed reciprocal trade restrictions, disrupting cotton yarn imports and a transhipment facility, impacting businesses and exacerbating political tensions stemming from the ouster of Bangladesh's Prime Minister Sheikh Hasina.

India-Bangladesh Trade War: Economic Fallout from Political Tensions

India and Bangladesh have imposed reciprocal trade restrictions, disrupting cotton yarn imports and a transhipment facility, impacting businesses and exacerbating political tensions stemming from the ouster of Bangladesh's Prime Minister Sheikh Hasina.

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What are the immediate economic consequences of the tit-for-tat trade restrictions between India and Bangladesh?

India and Bangladesh recently imposed reciprocal trade restrictions, impacting businesses. Bangladesh limited cotton yarn imports from India, while India halted a transhipment facility used by Bangladesh for exports to Western markets. This disruption increases shipping times and costs for Bangladeshi businesses, particularly in the garment industry.

dailymail.co.uk

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May 2, 16:14

S\&P Cuts Global Growth Forecast Due to US Tariffs

S\&P Global Ratings slashed global growth forecasts by 0.3 percentage points for 2025 and 2026 due to US trade tariffs, projecting a 0.5 percentage point decrease in US growth to 1.5 percent in 2025, while the UK is expected to have a higher growth than initially anticipated in 2025 (0.9 percent).

S\&P Cuts Global Growth Forecast Due to US Tariffs

S\&P Global Ratings slashed global growth forecasts by 0.3 percentage points for 2025 and 2026 due to US trade tariffs, projecting a 0.5 percentage point decrease in US growth to 1.5 percent in 2025, while the UK is expected to have a higher growth than initially anticipated in 2025 (0.9 percent).

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What are the potential long-term implications of the current US trade policy shift on the global economic landscape, and what uncertainties remain?

The long-term consequences of the US trade policy shift remain uncertain, according to S\&P. Further downward revisions to growth forecasts are possible, depending on the extent of the spillover effects from the tariff shock to the real economy. The report underscores the interconnectedness of global markets and the potential for significant disruptions stemming from protectionist trade measures.

smh.com.au

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May 2, 07:16

Trump's Tariff Comments Spark Criticism, New York Post Uses 'Skimp on the Barbie' Headline

President Trump's comment that tariffs might mean children receive fewer toys sparked criticism, with the New York Post using a satirical headline referencing the Australian tourism slogan "shrimp on the barbie" to highlight potential consumer impacts of his trade war with China.

Trump's Tariff Comments Spark Criticism, New York Post Uses 'Skimp on the Barbie' Headline

President Trump's comment that tariffs might mean children receive fewer toys sparked criticism, with the New York Post using a satirical headline referencing the Australian tourism slogan "shrimp on the barbie" to highlight potential consumer impacts of his trade war with China.

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How does the media's response, particularly the New York Post's satirical headline, shape public perception of Trump's trade policy?

The controversy highlights the political sensitivity surrounding trade policy and its effects on consumer prices. Trump's remarks, interpreted as an admission that his tariffs would lead to higher prices for some goods, contrast with his administration's claims of economic prosperity. The New York Post's headline, referencing the Australian tourism slogan "shrimp on the barbie", further amplified the criticism.

elpais.com

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May 2, 01:16

Apple Q1 2024 Earnings: 5% Revenue Growth Amidst Tariff Headwinds

Apple reported a 5% revenue increase to $95.36 billion in Q1 2024, driven by services and preemptive purchases ahead of anticipated tariff increases; however, a $900 million cost increase is projected for Q2 2024 due to tariffs, with potential for greater impact later.

Apple Q1 2024 Earnings: 5% Revenue Growth Amidst Tariff Headwinds

Apple reported a 5% revenue increase to $95.36 billion in Q1 2024, driven by services and preemptive purchases ahead of anticipated tariff increases; however, a $900 million cost increase is projected for Q2 2024 due to tariffs, with potential for greater impact later.

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What is the immediate impact of trade tariffs on Apple's financial performance, and how does it affect global market stability?

Apple's Q1 2024 results showed a 5% revenue increase to $95.36 billion, exceeding expectations despite trade war headwinds. Growth was driven by services (12% increase) and anticipated purchases due to tariff concerns. However, Apple projects a $900 million cost increase in Q2 2024 due to tariffs.

npr.org

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May 2, 19:16

US Job Growth Slows Amidst Intensifying Trade War

Despite President Trump's trade war, the U.S. added 177,000 jobs in April, maintaining a 4.2% unemployment rate; however, manufacturing shed 1,000 jobs, and consumer confidence fell to pandemic lows.

US Job Growth Slows Amidst Intensifying Trade War

Despite President Trump's trade war, the U.S. added 177,000 jobs in April, maintaining a 4.2% unemployment rate; however, manufacturing shed 1,000 jobs, and consumer confidence fell to pandemic lows.

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How did the trade war affect different sectors of the US economy in April?

The modest job growth in April occurred amidst rising tariffs and a shrinking economy. While some tariffs were suspended, the average tariff rate is the highest since the Great Depression, impacting manufacturers who cut 1,000 jobs in April. Consumer confidence also fell to its lowest since the pandemic.

abcnews.go.com

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May 2, 01:16

Trump Acknowledges Tariff Impact, Downplays Economic Concerns Amidst Q1 Contraction

President Trump, during his second term's 100-day celebration, acknowledged that his tariffs may result in higher prices for consumers, particularly on imported goods from China, but downplayed the impact; the US economy shrank by 0.3% in the first quarter of 2025.

Trump Acknowledges Tariff Impact, Downplays Economic Concerns Amidst Q1 Contraction

President Trump, during his second term's 100-day celebration, acknowledged that his tariffs may result in higher prices for consumers, particularly on imported goods from China, but downplayed the impact; the US economy shrank by 0.3% in the first quarter of 2025.

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What are the immediate economic consequences of President Trump's tariffs, and how do they impact American families?

President Trump acknowledged that his tariffs may lead to higher prices for consumers, citing the example of children's toys potentially costing more. He downplayed the impact, suggesting families might buy fewer toys but not experience significant hardship. This contrasts with warnings from businesses about potential price increases and shortages due to the tariffs.

dailymail.co.uk

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May 2, 16:14

Standard Chartered Q1 Profits Surge Despite Global Tariff Uncertainty

Standard Chartered exceeded Q1 2025 profit expectations, reaching $2.1 billion (12% growth) due to a 28% surge in wealth management income to $777 million, despite global trade uncertainties caused by increased tariffs.

Standard Chartered Q1 Profits Surge Despite Global Tariff Uncertainty

Standard Chartered exceeded Q1 2025 profit expectations, reaching $2.1 billion (12% growth) due to a 28% surge in wealth management income to $777 million, despite global trade uncertainties caused by increased tariffs.

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What were the key factors driving Standard Chartered's Q1 2025 profit increase, and what are the immediate implications for the bank?

Standard Chartered's pre-tax profits surged 12 percent to $2.1 billion in Q1 2025, exceeding analyst forecasts by $200 million. This growth was fueled by its wealth management division, which saw income rise by 28 percent to $777 million, driven by strong demand for investment products and bancassurance. However, the bank cautioned about increased economic uncertainty due to recent global tariff increases.

repubblica.it

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May 2, 13:18

Trump's Impact on Australian Election: Albanese Poised for Victory

Australia's Prime Minister Anthony Albanese is predicted to win the upcoming election, a surprising turnaround from February's polls, largely attributed to Donald Trump's trade war and global instability that favored the incumbent over the opposition leader Peter Dutton.

Trump's Impact on Australian Election: Albanese Poised for Victory

Australia's Prime Minister Anthony Albanese is predicted to win the upcoming election, a surprising turnaround from February's polls, largely attributed to Donald Trump's trade war and global instability that favored the incumbent over the opposition leader Peter Dutton.

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How did Donald Trump's trade policies and broader international actions influence the shift in Australian public opinion and electoral predictions?

Australia's upcoming election shows Prime Minister Anthony Albanese as the frontrunner, a stark contrast to February's predictions. News Corporation polls suggest a 53-47% victory for Albanese over Peter Dutton, while YouGov predicts Albanese's party securing 85 out of 150 seats, potentially the opposition's worst result since 1946. This shift is attributed to Donald Trump's trade war and market instability.

dailymail.co.uk

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May 2, 01:16

Rolls-Royce Mitigates Trade War Impact, Reports Strong Start

Despite the US-China trade war causing global supply chain turmoil, British engineering giant Rolls-Royce reported a strong start to the year, mitigating tariff impacts through supply chain adjustments and maintaining its profit guidance of £2.7billion-£2.9billion; shares rose 1.7 percent.

Rolls-Royce Mitigates Trade War Impact, Reports Strong Start

Despite the US-China trade war causing global supply chain turmoil, British engineering giant Rolls-Royce reported a strong start to the year, mitigating tariff impacts through supply chain adjustments and maintaining its profit guidance of £2.7billion-£2.9billion; shares rose 1.7 percent.

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How has Rolls-Royce's recent turnaround influenced its ability to withstand the effects of the trade war?

The trade war between the US and China has significantly impacted global supply chains, yet Rolls-Royce's proactive supply chain adjustments are mitigating the negative effects. The company's strong performance and unchanged profit guidance demonstrate its resilience and successful turnaround.

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