Tag #Trade War

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usa.chinadaily.com.cn
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US Tariffs Disrupt Global Trade, Raising Concerns About WTO's Future

The Trump administration's tariffs on various goods, including those from China, have significantly impacted global trade, with the EU preparing retaliatory tariffs and concerns raised about the future of the WTO; however, recent US-China trade deal slightly reduced tariffs but uncertainty persists.

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44% Bias Score

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french.china.org.cn
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US Doubles Steel and Aluminum Tariffs, EU to Retaliate

The United States doubled tariffs on steel and aluminum imports from 25% to 50%, effective June 4th, prompting the European Union to announce retaliatory measures, escalating trade tensions and potentially harming European steel producers already facing weak demand.

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36% Bias Score

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edition.cnn.com
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ECB Cuts Interest Rate to 2%, Eighth Reduction Since June 2024

The European Central Bank cut its main interest rate to 2% on Thursday, its eighth reduction since June 2024, due to slowing inflation (1.9% year-on-year) falling below its 2% target; this decision risks further pressure on the US Federal Reserve to lower rates amid ongoing trade tensions between th...

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56% Bias Score

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nbcnews.com
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U.S. Economy Contracts Amidst Tariff Uncertainty

A Federal Reserve report reveals a slight U.S. economic contraction over the past six weeks due to slowed hiring and tariff-related price increases, impacting consumer and business decisions; inflation is rising moderately but is expected to accelerate, with tariffs mentioned 122 times in the report...

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44% Bias Score

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cbsnews.com
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Trump Tariffs: \$2.8 Trillion Deficit Cut, but Economic Contraction Predicted

The Congressional Budget Office projects President Trump's tariff plan will cut the deficit by \$2.8 trillion over 10 years but also shrink the U.S. economy, increase inflation by 0.4 percent annually in 2025-26, and reduce household purchasing power, based on the assumption that the tariffs will re...

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edition.cnn.com
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Imminent Trump-Xi Call to Address Escalating US-China Trade War

An imminent phone call between President Trump and China's Xi Jinping aims to resolve the escalating US-China trade war, marked by disagreements over tariffs, critical minerals, and negotiation styles, with the potential to significantly impact global economics.

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44% Bias Score

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china.org.cn
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Mixed U.S. Stock Market Reaction to Weak Hiring Data and Trade Tensions

U.S. stocks closed mixed on Wednesday, with the Dow down 0.22 percent, the S&P 500 slightly up, and the Nasdaq up 0.32 percent, due to weak May hiring data (37,000 jobs added), contraction in the service sector, and increased U.S.-China trade tensions following a tariff hike.

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32% Bias Score

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cnn.com
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Trump and Xi Express Optimism on Trade After Phone Call

Presidents Trump and Xi Jinping held a 90-minute phone call on Thursday, expressing optimism about resolving trade tensions and agreeing to further talks, focusing on rare earth minerals and reciprocal tariffs, while setting aside other geopolitical issues.

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40% Bias Score

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abcnews.go.com
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ECB Poised for Eighth Rate Cut Amid Trade War Concerns

The European Central Bank is expected to cut interest rates on Thursday to a benchmark rate of 2%, its eighth cut since June 2024, in response to lower inflation and concern over the impact of US President Donald Trump's trade war on Europe's export-dependent economy.

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40% Bias Score

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abcnews.go.com
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Ford Responds to Trump Tariffs with Reshoring Plan

Ontario Premier Doug Ford is responding to President Trump's 25% tariffs on Canadian steel and aluminum by planning to reshore manufacturing, warning that this could cost American consumers \$15 billion and lead to job losses in the U.S., while also potentially harming Canadian businesses.

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48% Bias Score

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theglobeandmail.com
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China Criticizes Canada's EV Tariffs, Warns Against U.S. Alignment

China's ambassador to Canada criticized Canada's 100 percent tariffs on Chinese electric vehicles, impacting investment and creating a trade war involving retaliatory tariffs on Canadian goods like canola oil and peas; he also warned against Canada's alignment with the U.S. against China, calling it...

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40% Bias Score

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edition.cnn.com
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Trump's Tariffs Squeeze US Businesses, Consumers

President Trump's tariffs are significantly impacting the US economy, causing uncertainty among businesses and consumers, affecting hiring, prices, and sales across various sectors, with an initial buying spree now showing signs of slowing.

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52% Bias Score

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Showing 841 to 852 of 3,850 results