Tag #Trade

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euronews.com

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Mar 20, 19:17

EU to Limit Steel Imports by 15% Amid US Tariffs and Asian Competition

Facing a 25% US tariff and Asian competition, the EU announced a 15% reduction in steel imports starting April 1st, 2024, to protect its steel industry, alongside a new "melted and poured" rule to prevent trade defense measure circumvention and an investigation into aluminum imports.

EU to Limit Steel Imports by 15% Amid US Tariffs and Asian Competition

Facing a 25% US tariff and Asian competition, the EU announced a 15% reduction in steel imports starting April 1st, 2024, to protect its steel industry, alongside a new "melted and poured" rule to prevent trade defense measure circumvention and an investigation into aluminum imports.

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How does the EU plan to prevent circumvention of trade defense measures in the steel and metals sectors?

This decision is a direct response to global steel overcapacities, particularly in Asia, which have significantly reduced order books for European steel plants. The EU's plan includes a new "melted and poured" rule to prevent circumvention of trade defense measures by foreign importers.

chinadaily.com.cn

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Mar 20, 07:13

Saudi Arabia and China Deepen Ties with Cultural Exchange Program

Saudi Arabia and China are celebrating the China-Saudi Arabia Year of Culture, marking a milestone in their comprehensive strategic partnership, which includes increased trade, investment, and cultural exchanges, such as introducing Chinese language classes in Saudi schools and screening Saudi films...

Saudi Arabia and China Deepen Ties with Cultural Exchange Program

Saudi Arabia and China are celebrating the China-Saudi Arabia Year of Culture, marking a milestone in their comprehensive strategic partnership, which includes increased trade, investment, and cultural exchanges, such as introducing Chinese language classes in Saudi schools and screening Saudi films...

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What are the immediate impacts of the China-Saudi Arabia Year of Culture on bilateral relations?

Saudi Arabia and China are strengthening their ties through a cultural exchange program, the China-Saudi Arabia Year of Culture, alongside increased trade and investment. This initiative includes educational programs like the introduction of Chinese language classes in Saudi schools and the screening of Saudi films in Chinese cinemas.

pt.euronews.com

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Mar 19, 22:16

EU Limits Steel Imports by 15% to Counter US Tariffs and Asian Competition

Facing 25% US tariffs and Asian competition, the EU will limit steel imports by 15% from April 1st, 2024, aiming to protect its steel industry and potentially investigate aluminum imports, while also introducing a new "melt and pour" rule to combat trade circumvention.

EU Limits Steel Imports by 15% to Counter US Tariffs and Asian Competition

Facing 25% US tariffs and Asian competition, the EU will limit steel imports by 15% from April 1st, 2024, aiming to protect its steel industry and potentially investigate aluminum imports, while also introducing a new "melt and pour" rule to combat trade circumvention.

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How will the EU's 15% steel import limit impact European steel production and global trade dynamics?

The European Commission announced a 15% import limit on steel starting April 1st, aiming to counter 25% US tariffs and Asian competition that have significantly impacted European steelmakers' order books.", A2="This action follows a 2018 safeguard measure renewed multiple times, reflecting ongoing concerns about global steel overcapacity, particularly from Asia. The new limit aims to reduce imports by an additional 15%.", A3="The Commission plans to replace the expiring 2026 safeguard clause by Q3 2025 and investigate potential safeguard measures for aluminum. A new "melt and pour" rule will target circumvention of trade defense measures by foreign importers, addressing final production stages in third countries before EU export.", Q1="How will the EU's 15% steel import limit impact European steel production and global trade dynamics?", Q2="What are the underlying causes of the EU's steel industry challenges, and how do US tariffs and Asian competition contribute to these issues?", Q3="What are the potential long-term consequences of the EU's steel import restrictions, and how might other countries respond to these measures?", ShortDescription="Facing 25% US tariffs and Asian competition, the EU will limit steel imports by 15% from April 1st, 2024, aiming to protect its steel industry and potentially investigate aluminum imports, while also introducing a new "melt and pour" rule to combat trade circumvention.", ShortTitle="EU Limits Steel Imports by 15% to Counter US Tariffs and Asian Competition")) 100% based on the article, providing essential context and immediate implications in 2-3 concise sentences. Include specific data, actions, or consequences, avoiding repetition of the ShortDescription. In English.

it.euronews.com

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Mar 19, 22:16

EU to Limit Steel Imports by 15% Amid US Tariffs and Asian Competition

Facing US tariffs and Asian competition, the European Commission announced a 15 percent reduction in steel imports starting April 1st, 2024, alongside an investigation into market conditions and a new rule to prevent trade regulation circumvention.

EU to Limit Steel Imports by 15% Amid US Tariffs and Asian Competition

Facing US tariffs and Asian competition, the European Commission announced a 15 percent reduction in steel imports starting April 1st, 2024, alongside an investigation into market conditions and a new rule to prevent trade regulation circumvention.

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How will the EU's new measures aim to prevent circumvention of trade regulations by foreign steel producers?

This measure is in response to the 25 percent US tariffs on steel imports and overcapacity in the global steel market, mainly in Asia, which has impacted European steelmakers' order books. The EU previously used safeguard measures in 2018 and will investigate the market to determine further actions.

europe.chinadaily.com.cn

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Mar 18, 07:16

Chinese Manufacturers Diversify Exports Amidst Global Slowdown

Facing trade headwinds, Chinese manufacturers are upgrading, focusing on tech-intensive green products for emerging markets; Risen Energy's energy storage exports jumped 870% year-on-year to 50 million yuan in the first two months of 2024, while Shenyang Yuanda's new contracts rose 35%, exceeding 1 ...

Chinese Manufacturers Diversify Exports Amidst Global Slowdown

Facing trade headwinds, Chinese manufacturers are upgrading, focusing on tech-intensive green products for emerging markets; Risen Energy's energy storage exports jumped 870% year-on-year to 50 million yuan in the first two months of 2024, while Shenyang Yuanda's new contracts rose 35%, exceeding 1 ...

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Affordable and Clean Energy

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How are Chinese companies mitigating geopolitical risks and accessing new markets?

This shift reflects a strategic diversification away from Western markets due to geopolitical risks and trade tensions. Companies like Risen Energy and Shenyang Yuanda are leveraging initiatives like the Belt and Road Initiative to expand into Latin America, the Middle East, and other regions experiencing rapid urbanization and industrialization. This demand for advanced electromechanical solutions is driving growth in these sectors.

theglobeandmail.com

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Mar 17, 07:10

Carney's European Trip Signals Shift in Canada's Foreign Policy

Canadian Prime Minister Mark Carney began a European trip two days after his swearing-in, meeting with French and British leaders to bolster security and trade ties, while also announcing the end of the consumer carbon levy and a review of Canada's F-35 jet order amid strained U.S. relations.

Carney's European Trip Signals Shift in Canada's Foreign Policy

Canadian Prime Minister Mark Carney began a European trip two days after his swearing-in, meeting with French and British leaders to bolster security and trade ties, while also announcing the end of the consumer carbon levy and a review of Canada's F-35 jet order amid strained U.S. relations.

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What are the immediate implications of Prime Minister Carney's European trip for Canada's foreign policy and economic relations?

Newly inaugurated Prime Minister Mark Carney embarked on a European trip to strengthen security and trade ties with France and England, aiming to diversify Canada's partnerships beyond its strained relationship with the U.S. He also announced the elimination of the consumer carbon levy and initiated a review of Canada's F-35 jet order.

africa.chinadaily.com.cn

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Mar 20, 07:13

China-Turkiye Trade Imbalance Highlights Geopolitical Dynamics

In 2023, China-Turkiye trade totaled $43.4 billion, heavily favoring China (93%). Turkiye's small-scale enterprises and limited market access in China contribute to this imbalance, though Turkiye's strategic location and EU Customs Union membership offer China potential advantages.

China-Turkiye Trade Imbalance Highlights Geopolitical Dynamics

In 2023, China-Turkiye trade totaled $43.4 billion, heavily favoring China (93%). Turkiye's small-scale enterprises and limited market access in China contribute to this imbalance, though Turkiye's strategic location and EU Customs Union membership offer China potential advantages.

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What are the key factors contributing to the significant trade imbalance between China and Turkiye, and what are the immediate economic consequences?

In 2023, bilateral trade between China and Turkiye reached $43.4 billion, with China holding a 93% share. This imbalance is due to Turkiye's limited access to alternative suppliers and the relatively small scale of Turkish enterprises hindering their presence in the Chinese market.

elmundo.es

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Mar 20, 22:10

Spain strengthens ties with China amid global geopolitical tensions

Spanish Prime Minister Pedro Sánchez will visit China in April 2025 for his third meeting with President Xi Jinping in three years, aiming to strengthen bilateral relations and economic cooperation amid global geopolitical tensions; the visit follows previous meetings in March 2023 and September 202...

Spain strengthens ties with China amid global geopolitical tensions

Spanish Prime Minister Pedro Sánchez will visit China in April 2025 for his third meeting with President Xi Jinping in three years, aiming to strengthen bilateral relations and economic cooperation amid global geopolitical tensions; the visit follows previous meetings in March 2023 and September 202...

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What are the underlying economic factors driving Spain's sustained engagement with China, and how does this relationship fit into the broader context of global trade dynamics?

Sánchez's consistent engagement with China underscores Spain's strategic focus on economic growth amid global geopolitical tensions. The substantial increase in trade between Spain and China— exceeding €50 billion in 2023— and significant investments from both sides demonstrate a robust economic relationship. This engagement is occurring within a context of US-China trade disputes and the EU's efforts to foster closer ties with China.",

euronews.com

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Mar 19, 22:16

EU Limits Steel Imports by 15% to Combat US Tariffs and Asian Competition

To counter 25% US tariffs and Asian competition impacting its steel industry, the EU announced a 15% steel import reduction starting April 1st, 2024, alongside an investigation into aluminum imports and a new "melted and poured" rule to prevent trade defense measure circumvention.

EU Limits Steel Imports by 15% to Combat US Tariffs and Asian Competition

To counter 25% US tariffs and Asian competition impacting its steel industry, the EU announced a 15% steel import reduction starting April 1st, 2024, alongside an investigation into aluminum imports and a new "melted and poured" rule to prevent trade defense measure circumvention.

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How does the EU's current action relate to previous measures implemented to protect its steel industry from unfair trade practices?

This import reduction is a continuation of measures first introduced in 2018 and renewed several times since then, reflecting ongoing concerns about global steel overcapacities, particularly in Asia, and the impact of US tariffs on EU markets. The EU aims to maintain its position as a significant global steel player.

arabic.euronews.com

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Mar 18, 10:15

OECD Cuts Eurozone, Global Growth Forecasts Amid Trade Tensions and Inflation

The OECD lowered its 2025 Eurozone growth forecast to 1.0% due to trade disruptions and inflation, impacting investment and consumer confidence; global growth is revised down to 3.1%, with North America, particularly Mexico (-1.3%) and Canada (0.7%), significantly affected.

OECD Cuts Eurozone, Global Growth Forecasts Amid Trade Tensions and Inflation

The OECD lowered its 2025 Eurozone growth forecast to 1.0% due to trade disruptions and inflation, impacting investment and consumer confidence; global growth is revised down to 3.1%, with North America, particularly Mexico (-1.3%) and Canada (0.7%), significantly affected.

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How do the revised growth forecasts for major European economies compare, and what are the underlying causes for the variations?

Weakening external demand and rising borrowing costs are dampening the Eurozone's recovery, resulting in lower-than-anticipated growth. This slowdown is reflected across major economies, including France and Italy, with Spain being a relative outlier.

bbc.com

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Mar 17, 13:15

India, New Zealand Restart Free Trade Talks After Decade-Long Pause

India and New Zealand have restarted free trade talks after a decade-long hiatus, with the first round set for next month, aiming to increase bilateral trade currently under $2 billion and enhance defense cooperation, particularly in maritime security, amidst broader geopolitical shifts and US trade...

India, New Zealand Restart Free Trade Talks After Decade-Long Pause

India and New Zealand have restarted free trade talks after a decade-long hiatus, with the first round set for next month, aiming to increase bilateral trade currently under $2 billion and enhance defense cooperation, particularly in maritime security, amidst broader geopolitical shifts and US trade...

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What are the immediate economic and geopolitical implications of India and New Zealand restarting free trade negotiations?

India and New Zealand have restarted free trade negotiations after a decade-long pause, aiming to boost bilateral trade currently valued at under $2 billion. The first round of talks begins next month, marking a significant step towards expanding economic ties and achieving New Zealand's goal of doubling its exports in 10 years. A defense cooperation pact was also signed, focusing on enhanced maritime security.

nbcnews.com

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Mar 16, 19:14

Treasury Secretary Downplays Stock Market Dip Amidst Tariff Concerns

Treasury Secretary Scott Bessent played down concerns about recent stock market declines, stating that market corrections are normal and that the implementation of reciprocal tariffs on April 2nd will either lead to fairer trade or substantial U.S. revenue, while acknowledging the possibility of a r...

Treasury Secretary Downplays Stock Market Dip Amidst Tariff Concerns

Treasury Secretary Scott Bessent played down concerns about recent stock market declines, stating that market corrections are normal and that the implementation of reciprocal tariffs on April 2nd will either lead to fairer trade or substantial U.S. revenue, while acknowledging the possibility of a r...

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How does the administration's approach to tariffs connect to its broader economic and trade agenda, and what are the potential long-term consequences?

Bessent's statements reflect the Trump administration's approach to trade, prioritizing reciprocal tariffs to stimulate domestic production and potentially increase government revenue. These policies risk short-term economic disruption, including stock market volatility, which the administration appears willing to accept for its long-term goals. The administration's confidence in these policies is evident in the repeated assurances that any negative impacts will be temporary.

Showing 145 to 156 of 886 results