Tag #Trade War

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npr.org
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Trump's Tariffs: Increased Revenue at the Expense of American Consumers

During the first five months of 2024, U.S. tariffs and excise taxes totaled $68.9 billion—a 78% increase from the previous year—primarily due to President Trump's tariffs on various imports, although this revenue comes at the cost of higher prices and economic uncertainty for American businesses and...

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40% Bias Score

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lexpress.fr
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US Beef Dependence on Australia Creates Geopolitical Trade Tensions

Donald Trump's threat to retaliate against Australia's beef import restrictions reveals a significant US dependence on Australian beef, valued at approximately \$3 billion annually, primarily used in American fast food, creating a complex geopolitical situation amidst global beef market tensions.

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36% Bias Score

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bbs.chinadaily.com.cn
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US-China Trade Tensions: Actions Contradict Geneva Agreement

Following the Geneva trade talks, China maintained a consistent cooperative stance, while the US imposed new restrictions, including on chip exports, despite a joint statement promising tariff reductions; this led to lawsuits and domestic opposition within the US, affecting companies and consumers.

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48% Bias Score

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lemonde.fr
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US-China Trade Talks in London: A Fragile Truce

On June 9th, in undisclosed London locations, US and Chinese officials convened for trade talks aimed at extending their fragile truce, focusing on rare earth exports and trade restrictions, following a positive phone call between Presidents Trump and Xi despite prior accusations of non-compliance b...

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theguardian.com
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US Tariffs, Cheap Chinese Steel Threaten to Wipe Out European Steel Industry

ThyssenKrupp warns of a potential European steel industry wipeout due to 50% US tariffs, high energy costs, and a 36% surge in cheap Chinese steel imports in Q1 2025; the EU is urged to implement emergency measures and pursue competitive energy pricing to save the sector.

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europe.chinadaily.com.cn
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US-China Trade Tensions Persist Despite Dialogue

Tensions in US-China trade relations continue despite a recent phone call between Presidents Xi and Trump, with the US imposing tariffs and tech restrictions while China advocates for dialogue and approved some rare earth export licenses.

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56% Bias Score

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repubblica.it
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Trump Tariffs Threaten \$6.8 Billion Italian Food Exports to US

Italian agri-food exports to the US reached \$6.8 billion in 2023, but Donald Trump's potential return and proposed tariffs threaten this, alongside competition from "Italian sounding" products valued at over \$40 billion annually.

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52% Bias Score

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us.cnn.com
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Improved US Consumer Sentiment in May 2024 Amidst Easing Trade Tensions

A May 2024 survey revealed improved US consumer sentiment due to easing US-China trade tensions; year-ahead inflation expectations fell to 3.2%, unemployment expectations dropped to 40.8%, and job security improved to 14.8%, although food price expectations remain high at 5.5%.

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theglobeandmail.com
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G7 Summit Faces Economic Headwinds Amidst Wildfires

Canada faces economic headwinds, including a decline in US exports and labor disputes, while preparing for the G7 Summit in Kananaskis, complicated by nearby wildfires.

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36% Bias Score

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nos.nl
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China's Electronics Market Thrives Amidst Trade War, Fueled by Nationalistic Sentiment

Amidst the US-China trade war, China's largest electronics market in Shenzhen witnesses a surge in demand for domestic brands like Xiaomi and Huawei, driven by product quality, affordability, and nationalistic sentiment, benefiting China's technological development and reducing reliance on foreign s...

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40% Bias Score

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theglobeandmail.com
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Canada's Economy Faces Headwinds Amidst U.S. Tariffs and AI Concerns

The Bank of Canada held its key interest rate at 2.75 percent amid rising unemployment (7 percent in May) and U.S. tariffs on Canadian steel and aluminum (increased to 50 percent), shrinking the U.S. trade deficit with Canada while raising concerns about AI's impact on critical thinking skills.

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48% Bias Score

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forbes.com
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Reduced Recession Probability Despite Labor Market Softness

Recent economic data, including easing credit spreads, improved financial conditions, and outperformance of cyclical stocks, suggest a reduced likelihood of a 2025 US recession, although labor market softness and potential trade tensions remain concerns.

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32% Bias Score

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Showing 805 to 816 of 3,850 results