Tag #Trade

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cnn.com

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Aug 2, 10:14

Trump's Tariffs Push Africa Towards China, Exposing Economic Vulnerabilities

President Trump's tariffs on African exports, ranging from 15% to 30%, are causing widespread economic hardship, pushing African nations towards greater reliance on China, while also highlighting the need for the continent to diversify its trade and strengthen internal economic cooperation.

Trump's Tariffs Push Africa Towards China, Exposing Economic Vulnerabilities

President Trump's tariffs on African exports, ranging from 15% to 30%, are causing widespread economic hardship, pushing African nations towards greater reliance on China, while also highlighting the need for the continent to diversify its trade and strengthen internal economic cooperation.

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Decent Work and Economic Growth

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What are the immediate economic consequences of the Trump administration's tariffs on African exports?

Trump's tariffs on African exports, ranging from 15% to 30%, are causing significant economic hardship, particularly in countries like Lesotho, where a national state of disaster has been declared due to job losses in the textile industry and halted US aid. This is impacting multiple sectors, including citrus and automobile industries in South Africa, leading to job losses and business closures.

usa.chinadaily.com.cn

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Aug 1, 07:15

Botswana Seeks Economic Diversification Amidst Weakening Currency and Reduced Diamond Demand

Facing a weakening currency and reduced global diamond demand, Botswana is strategically diversifying its economy, capitalizing on China's recent elimination of tariffs on products from 53 African countries, including a newly signed beef protocol allowing duty-free access to the Chinese market.

Botswana Seeks Economic Diversification Amidst Weakening Currency and Reduced Diamond Demand

Facing a weakening currency and reduced global diamond demand, Botswana is strategically diversifying its economy, capitalizing on China's recent elimination of tariffs on products from 53 African countries, including a newly signed beef protocol allowing duty-free access to the Chinese market.

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How will Botswana's efforts to diversify its exports affect its long-standing trade relationship with China?

This tariff removal is particularly significant because it coincides with Botswana's efforts to diversify its exports beyond diamonds and copper. The move is seen as a lifeline, allowing the country to explore new markets and reduce its dependence on a narrow range of products.

cnn.com

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Aug 1, 22:17

Weak Job Growth and Rising Inflation Raise US Recession Concerns

This week's economic reports revealed a slowing US economy despite 3% GDP growth in Q2, driven by weak job growth (85,000 jobs added monthly), rising inflation (2.6% PCE), and the impact of Trump's tariffs (increasing effective tax rate to 18%), raising recession risks.

Weak Job Growth and Rising Inflation Raise US Recession Concerns

This week's economic reports revealed a slowing US economy despite 3% GDP growth in Q2, driven by weak job growth (85,000 jobs added monthly), rising inflation (2.6% PCE), and the impact of Trump's tariffs (increasing effective tax rate to 18%), raising recession risks.

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Decent Work and Economic Growth

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How are Trump's tariffs affecting inflation and consumer spending, and what are the long-term economic consequences?

The impact of Trump's tariffs is becoming more evident. The effective tax rate on imported goods has risen to over 18%, potentially adding $2,400 in costs per household. This increase contributed to a rise in inflation, as measured by the PCE price index, reaching 2.6%, the highest in four months. These tariffs, coupled with weak job growth, create economic vulnerabilities.

global.chinadaily.com.cn

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Aug 1, 04:11

Botswana Seeks Economic Diversification Amidst Weakening Currency and Reduced Diamond Demand"

Facing economic pressures from a weakening currency and reduced diamond demand, Botswana is diversifying its exports to China, leveraging China's new zero-tariff policy to prioritize beef, horticultural products, leather, and processed agricultural goods for economic resilience.

Botswana Seeks Economic Diversification Amidst Weakening Currency and Reduced Diamond Demand"

Facing economic pressures from a weakening currency and reduced diamond demand, Botswana is diversifying its exports to China, leveraging China's new zero-tariff policy to prioritize beef, horticultural products, leather, and processed agricultural goods for economic resilience.

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How will China's zero-tariff policy on Botswanan products impact Botswana's economic diversification and reduce its reliance on diamond exports?

Botswana, facing a weakening currency and reduced global diamond demand, is diversifying its economy, capitalizing on China's recent elimination of tariffs on 53 African countries' products. This move is crucial for Botswana to reduce its dependence on diamond exports and boost its export competitiveness.

azatutyun.am

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Aug 1, 01:13

Armenian Liquefied Gas Prices Surge 67% Amidst Allegations of Georgian Bribery

Liquefied gas prices in Armenia have increased by 67% in two months, reaching 200 drams; this is attributed by the Competition Protection Commission to increased procurement costs, seasonal demand, border congestion, and logistical issues in Georgia; however, experts allege bribery by Georgian offic...

Armenian Liquefied Gas Prices Surge 67% Amidst Allegations of Georgian Bribery

Liquefied gas prices in Armenia have increased by 67% in two months, reaching 200 drams; this is attributed by the Competition Protection Commission to increased procurement costs, seasonal demand, border congestion, and logistical issues in Georgia; however, experts allege bribery by Georgian offic...

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Affordable and Clean Energy

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What are the immediate consequences of the 67% increase in liquefied gas prices in Armenia during the past two months?

The price of liquefied gas in Armenia has surged to 200 drams, a 67% increase from 120 drams in early June. This has forced drivers to reduce gas quantities, drive less, or switch to gasoline.

tr.euronews.com

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Jul 31, 22:13

EU Awaits US Action on Tariff Deal

The EU and US reached a preliminary agreement to lower tariffs, with a 15 percent cap on most goods and exemptions for certain products; however, negotiations continue on steel, aluminum, and other sectors, and disagreements remain on non-tariff barriers.

EU Awaits US Action on Tariff Deal

The EU and US reached a preliminary agreement to lower tariffs, with a 15 percent cap on most goods and exemptions for certain products; however, negotiations continue on steel, aluminum, and other sectors, and disagreements remain on non-tariff barriers.

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Reduced Inequality

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What are the main sticking points remaining in EU-US trade negotiations?

The EU expects the US to implement the agreed-upon 15 percent tariff cap on most goods, with exemptions for specific items like aircraft (0 percent), certain chemicals, generics, semiconductors, some agricultural products, natural resources, and critical raw materials. However, tariffs on steel and aluminum (50 percent) remain, pending further negotiations.

theglobeandmail.com

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Aug 2, 07:14

Controversial $1 Billion Loan for BC Ferries' Chinese-Built Ships

The Canada Infrastructure Bank approved a $1 billion loan to BC Ferries to purchase four new ships from China, sparking controversy due to the lack of Canadian shipyard bids and concerns over supporting domestic industries, despite the urgent need to replace aging vessels and maintain reliable ferry...

Controversial $1 Billion Loan for BC Ferries' Chinese-Built Ships

The Canada Infrastructure Bank approved a $1 billion loan to BC Ferries to purchase four new ships from China, sparking controversy due to the lack of Canadian shipyard bids and concerns over supporting domestic industries, despite the urgent need to replace aging vessels and maintain reliable ferry...

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Industry, Innovation, and Infrastructure

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What are the immediate impacts of the $1 billion loan to BC Ferries for Chinese-built ships, and how does this decision affect Canadian shipyards?

The Canada Infrastructure Bank provided a $1 billion loan to BC Ferries for four new ships from China, aiming to improve service for the 23 million annual passengers. This decision sparked controversy due to the lack of Canadian shipyard bids, highlighting concerns about supporting domestic industries.

europe.chinadaily.com.cn

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Aug 1, 07:15

Botswana Seeks Economic Diversification Amidst Weak Currency and Diamond Demand

Facing a weakening currency and reduced global diamond demand, Botswana is diversifying its economy, capitalizing on China's recent decision to eliminate tariffs on products from 53 African countries, including Botswana, to boost exports of beef, horticultural produce, leather, and processed agricul...

Botswana Seeks Economic Diversification Amidst Weak Currency and Diamond Demand

Facing a weakening currency and reduced global diamond demand, Botswana is diversifying its economy, capitalizing on China's recent decision to eliminate tariffs on products from 53 African countries, including Botswana, to boost exports of beef, horticultural produce, leather, and processed agricul...

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Decent Work and Economic Growth

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What are the key challenges Botswana's exporters face in accessing the Chinese market, and what support mechanisms are needed to overcome them?

This strategic shift is driven by economic necessity, as reduced global demand for diamonds and a weakened currency put pressure on Botswana's economy. China's zero-tariff initiative provides a lifeline, allowing Botswana to leverage new markets and reduce dependence on traditional export partners.

spanish.china.org.cn

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Aug 1, 10:13

Wang Yi Urges for Improved US-China Relations Through Communication and Mutual Respect

Chinese Foreign Minister Wang Yi met with US business leaders in Beijing on July 30th, 2025, urging for mutual respect and increased communication to improve US-China relations, emphasizing economic cooperation and avoiding conflict.

Wang Yi Urges for Improved US-China Relations Through Communication and Mutual Respect

Chinese Foreign Minister Wang Yi met with US business leaders in Beijing on July 30th, 2025, urging for mutual respect and increased communication to improve US-China relations, emphasizing economic cooperation and avoiding conflict.

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Peace, Justice, and Strong Institutions

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What role did US businesses play in this meeting, and how does their involvement reflect the broader context of US-China relations?

Minister Wang Yi's statements reflect China's proactive approach to managing US-China relations amidst ongoing tensions. His emphasis on communication and mutual respect suggests a desire to de-escalate conflicts and foster economic cooperation. The participation of prominent US business leaders underscores the economic interdependence between both nations and the significant role of business in shaping bilateral relations.

theguardian.com

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Aug 1, 07:15

Trump Threatens Pharmaceutical Crackdown, Australia Defends Drug Pricing

Donald Trump threatened to impose tariffs on pharmaceutical companies that do not lower drug prices for the US Medicaid scheme within 60 days, demanding they treat the US as the "most favored nation"; the Australian government asserted that its Pharmaceutical Benefits Scheme is not up for negotiatio...

Trump Threatens Pharmaceutical Crackdown, Australia Defends Drug Pricing

Donald Trump threatened to impose tariffs on pharmaceutical companies that do not lower drug prices for the US Medicaid scheme within 60 days, demanding they treat the US as the "most favored nation"; the Australian government asserted that its Pharmaceutical Benefits Scheme is not up for negotiatio...

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Good Health and Well-being

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What are the potential long-term global impacts of Trump's actions on pharmaceutical pricing and international trade relations?

The long-term implications of Trump's actions remain uncertain. While it might temporarily lower drug prices in the US, it could disrupt the global pharmaceutical market, leading to shortages or impacting drug development. The success of this approach hinges on Trump's ability to negotiate effectively and the response from pharmaceutical companies and other nations.

china.org.cn

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Aug 1, 13:13

China Allocates Further Funds to Boost Consumer Goods Trade-in Program

China will allocate an additional 9.65 billion USD in October for its consumer goods trade-in program, part of a 300 billion USD initiative to boost domestic demand and economic growth, following a strong first half of 2024.

China Allocates Further Funds to Boost Consumer Goods Trade-in Program

China will allocate an additional 9.65 billion USD in October for its consumer goods trade-in program, part of a 300 billion USD initiative to boost domestic demand and economic growth, following a strong first half of 2024.

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Responsible Consumption and Production

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How does this funding relate to China's broader economic strategy, and what other measures are being implemented to support economic stability?

This funding is part of a broader strategy to stabilize the Chinese economy and expand domestic demand. The allocation follows strong economic performance in the first half of the year and is accompanied by measures to improve market efficiency and fair competition. Reducing social logistics costs to 13.5 percent of GDP by 2027 is a key part of this strategy.

edition.cnn.com

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Jul 31, 22:13

Trump and Dimon Meet Amidst Economic Uncertainty

President Trump and JPMorgan Chase CEO Jamie Dimon met last week at the White House to discuss the economy, trade, financial regulation, and the Federal Reserve, marking a shift from their past public conflicts. The meeting, which also included Treasury and Commerce Secretaries, follows recent priva...

Trump and Dimon Meet Amidst Economic Uncertainty

President Trump and JPMorgan Chase CEO Jamie Dimon met last week at the White House to discuss the economy, trade, financial regulation, and the Federal Reserve, marking a shift from their past public conflicts. The meeting, which also included Treasury and Commerce Secretaries, follows recent priva...

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What are the immediate implications of the recent meeting between President Trump and JPMorgan Chase CEO Jamie Dimon on economic policy?

President Trump and JPMorgan Chase CEO Jamie Dimon met at the White House to discuss economic issues, including trade, financial regulation, and the Federal Reserve. This follows years of public conflict between the two. The meeting included Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick.

Showing 169 to 180 of 1,539 results