Tag #Trade

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es.euronews.com

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Apr 15, 22:17

UNCTAD Urges U.S. to Exempt Poor Nations from Devastating Tariffs

The UNCTAD urges the U.S. to exempt small, poor nations from reciprocal tariffs, warning of devastating economic consequences and minimal revenue gains for the U.S., highlighting examples like Laos (48% tariff), Myanmar (45%), and Mauritius (40%), and the unique agricultural exports from these count...

UNCTAD Urges U.S. to Exempt Poor Nations from Devastating Tariffs

The UNCTAD urges the U.S. to exempt small, poor nations from reciprocal tariffs, warning of devastating economic consequences and minimal revenue gains for the U.S., highlighting examples like Laos (48% tariff), Myanmar (45%), and Mauritius (40%), and the unique agricultural exports from these count...

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How do the potential U.S. tariff revenues from these small nations compare to overall U.S. tariff revenues?

The UNCTAD report highlights that 28 of the 57 affected countries face high tariffs despite each accounting for less than 0.1% of the U.S. trade deficit. Examples include Laos (48%), Myanmar (45%), and Mauritius (40%). The report projects decreased demand for many U.S. imports if tariffs resume due to price increases.

usa.chinadaily.com.cn

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Apr 15, 04:10

China and Vietnam Strengthen Strategic Cooperation to Uphold Global Free Trade

During a two-day visit to Hanoi, Chinese President Xi Jinping and Vietnamese General Secretary To Lam emphasized strengthening strategic cooperation to counter unilateralism, uphold global free trade, and enhance economic ties; bilateral trade exceeded $260 billion in 2023, and Chinese investment in...

China and Vietnam Strengthen Strategic Cooperation to Uphold Global Free Trade

During a two-day visit to Hanoi, Chinese President Xi Jinping and Vietnamese General Secretary To Lam emphasized strengthening strategic cooperation to counter unilateralism, uphold global free trade, and enhance economic ties; bilateral trade exceeded $260 billion in 2023, and Chinese investment in...

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What are the key strategic goals driving the enhanced cooperation between China and Vietnam, and what are the immediate implications for global trade and regional stability?

During his visit to Hanoi, President Xi Jinping emphasized strengthening strategic cooperation between China and Vietnam to uphold global free trade and supply chain stability. This follows years of close collaboration between the two socialist nations, marked by increasing bilateral trade exceeding $260 billion in 2023 and significant Chinese investment in Vietnam exceeding $2.5 billion in 2024. Both leaders highlighted the mutual benefits of this relationship and committed to further cooperation.

theguardian.com

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Apr 15, 22:17

Lawsuit Challenges Trump Administration's Termination of International Labor Programs

Labor groups sued the Trump administration over its termination of $577 million in international labor rights programs, alleging the secretary of labor lacked authority to cancel congressionally authorized initiatives combating child labor and other abuses in countries including Uzbekistan, Honduras...

Lawsuit Challenges Trump Administration's Termination of International Labor Programs

Labor groups sued the Trump administration over its termination of $577 million in international labor rights programs, alleging the secretary of labor lacked authority to cancel congressionally authorized initiatives combating child labor and other abuses in countries including Uzbekistan, Honduras...

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How does the termination of these programs affect American businesses and workers?

The termination impacts worker rights globally and harms US interests by undermining efforts to improve labor standards in international supply chains. This decision disrupts decades of bipartisan consensus on the importance of these programs, potentially increasing the exploitation of workers abroad and negatively affecting American businesses reliant on those supply chains. The cuts affect programs in various countries, including those enforcing trade agreements and addressing forced labor, like the Uyghur Forced Labor Prevention Act.

foxnews.com

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Apr 15, 19:17

Trump Administration Awards $150 Million for Enhanced Border Security in San Diego

The Trump administration's Department of Transportation will award a $150 million grant to build a new road and Port of Entry near Otay Mesa, California, enhancing border security, reducing traffic, and boosting the regional economy; the project removed prior Green New Deal requirements.

Trump Administration Awards $150 Million for Enhanced Border Security in San Diego

The Trump administration's Department of Transportation will award a $150 million grant to build a new road and Port of Entry near Otay Mesa, California, enhancing border security, reducing traffic, and boosting the regional economy; the project removed prior Green New Deal requirements.

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Sustainable Cities and Communities

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What are the immediate impacts of the $150 million grant for a new road and Port of Entry near Otay Mesa on border security and the Southern California economy?

The Trump administration's Department of Transportation will award a $150 million grant for a new road and Port of Entry near Otay Mesa, California. This will enhance border security with advanced inspection facilities and reduce traffic congestion, benefiting Southern California's economy. The project removes previous Green New Deal requirements deemed irrelevant to national security.

arabic.cnn.com

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Apr 15, 04:10

Egypt Seeks US Tariff Reduction to Boost Exports

Egypt is negotiating with the US to reduce 10% protective tariffs on its exports, aiming for a 20% annual increase, with the ready-made garment sector expected to benefit significantly; 2024 exports to the US totaled $2.247 billion (12.3% growth).

Egypt Seeks US Tariff Reduction to Boost Exports

Egypt is negotiating with the US to reduce 10% protective tariffs on its exports, aiming for a 20% annual increase, with the ready-made garment sector expected to benefit significantly; 2024 exports to the US totaled $2.247 billion (12.3% growth).

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What are the immediate economic impacts of Egypt's negotiations with the US to lower tariffs on its exports?

Egypt is negotiating with the US to reduce 10% protective tariffs on its exports, aiming for a 20% annual export increase. The ready-made garment sector is expected to benefit significantly, attracting more investment. In 2024, Egyptian exports to the US reached $2.247 billion, a 12.3% increase from 2023.

usa.chinadaily.com.cn

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Apr 14, 04:09

EU-China Trade Tensions: Reciprocal Tariffs and the Need for Cooperation

Escalating trade tensions between the EU and China in late 2024 and early 2025, triggered by reciprocal tariffs on various goods, caused significant economic repercussions for both sides, emphasizing the need for cooperation and a balanced approach in navigating their complex relationship.

EU-China Trade Tensions: Reciprocal Tariffs and the Need for Cooperation

Escalating trade tensions between the EU and China in late 2024 and early 2025, triggered by reciprocal tariffs on various goods, caused significant economic repercussions for both sides, emphasizing the need for cooperation and a balanced approach in navigating their complex relationship.

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What were the immediate economic consequences of the escalating trade tensions between the EU and China in late 2024 and early 2025?

In late 2024 and early 2025, escalating trade tensions between the EU and China led to reciprocal tariffs on various goods, impacting sectors like electric vehicles, brandy, and agricultural products. This resulted in significant economic consequences for both sides, highlighting the detrimental effects of protectionist measures.

dw.com

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Apr 15, 22:17

Xi Jinping's Southeast Asia Trip: Strengthening Trade Amid US Tariffs

Chinese President Xi Jinping's tour of Vietnam, Malaysia, and Cambodia aims to bolster regional trade amid US tariffs, focusing on strengthening economic ties and addressing maritime disputes through dialogue, while notably omitting Indonesia from his itinerary despite a phone call with President Pr...

Xi Jinping's Southeast Asia Trip: Strengthening Trade Amid US Tariffs

Chinese President Xi Jinping's tour of Vietnam, Malaysia, and Cambodia aims to bolster regional trade amid US tariffs, focusing on strengthening economic ties and addressing maritime disputes through dialogue, while notably omitting Indonesia from his itinerary despite a phone call with President Pr...

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What are the primary economic and geopolitical goals of Xi Jinping's Southeast Asian tour, and what are the immediate consequences for regional trade dynamics?

President Xi Jinping visited Vietnam, Malaysia, and Cambodia, aiming to strengthen regional trade ties and offset US tariffs. Vietnam, the largest importer of Chinese goods in Southeast Asia in 2024 ($161.9 billion), welcomed Xi's visit, highlighting the importance of bilateral relations. Xi emphasized that trade wars are detrimental and that differences with Vietnam in the South China Sea should be resolved through dialogue.

politico.eu

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Apr 15, 07:10

UK-EU Defense Pact Hinges on Fishing Rights Dispute

Britain and the EU are close to a defense pact, but it hinges on resolving fishing rights by June 2026, impacting a potential €150 billion EU rearmament fund and wider post-Brexit relations.

UK-EU Defense Pact Hinges on Fishing Rights Dispute

Britain and the EU are close to a defense pact, but it hinges on resolving fishing rights by June 2026, impacting a potential €150 billion EU rearmament fund and wider post-Brexit relations.

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Peace, Justice, and Strong Institutions

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What are the immediate consequences of failing to resolve the fisheries dispute on the proposed UK-EU defense pact?

Britain and the EU are negotiating a defense pact, contingent on resolving fishing access for EU fleets in UK waters after June 2026. Failure to reach a fisheries agreement could block the defense pact and exclude the UK from a proposed EU €150 billion rearmament fund. The UK government has publicly stated its intention to maintain a separate relationship outside the EU's customs union and single market.

dw.com

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Apr 15, 13:16

Indonesia's Hilirisasi Boosts Exports Amidst Developed Nation Opposition

Indonesia's downstream processing policy, particularly its nickel hilirisasi, has boosted export revenue to US$34-35 billion in 2023-2024 from US$3.3 billion in 2018-2019, prompting opposition from developed nations due to disrupted supply chains. President Prabowo Subianto plans to expand this to 2...

Indonesia's Hilirisasi Boosts Exports Amidst Developed Nation Opposition

Indonesia's downstream processing policy, particularly its nickel hilirisasi, has boosted export revenue to US$34-35 billion in 2023-2024 from US$3.3 billion in 2018-2019, prompting opposition from developed nations due to disrupted supply chains. President Prabowo Subianto plans to expand this to 2...

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How does Indonesia's hilirisasi strategy aim to achieve economic sovereignty and create new growth areas?

Developed countries oppose Indonesia's downstream processing roadmap because it reduces their access to raw materials. Indonesia's plan to process 28 commodities aims to bolster its economic sovereignty and create new economic growth regions, as exemplified by the substantial increase in nickel export revenue.

foxnews.com

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Apr 15, 04:10

Newsom Launches \$5.2M Campaign to Attract Canadian Tourists Amidst Trump Tariff Fallout

California Governor Gavin Newsom launched a \$5.2 million campaign to attract Canadian tourists, aiming to offset a 12% drop in tourism and \$3.72 billion revenue loss caused by President Trump's tariffs on Canadian goods; the campaign, in partnership with Visit California, will promote the state in...

Newsom Launches \$5.2M Campaign to Attract Canadian Tourists Amidst Trump Tariff Fallout

California Governor Gavin Newsom launched a \$5.2 million campaign to attract Canadian tourists, aiming to offset a 12% drop in tourism and \$3.72 billion revenue loss caused by President Trump's tariffs on Canadian goods; the campaign, in partnership with Visit California, will promote the state in...

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How does Governor Newsom's campaign to attract Canadian tourists reflect broader political and economic tensions between the US and Canada?

This campaign directly addresses the economic consequences of Trump's tariffs on Canadian-US relations. The 12% drop in Canadian tourism to California, and the significant revenue loss, highlights the negative impact of protectionist trade policies on tourism and cross-border economic activity. Newsom's initiative attempts to mitigate these effects by directly targeting the Canadian market.

theguardian.com

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Apr 15, 22:17

UK to Restart Trade Talks with China Despite Past Concerns

UK Trade Secretary Jonathan Reynolds will travel to Beijing later this year to restart the UK-China Joint Economic and Trade Commission (Jetco), suspended since 2018, aiming to boost bilateral trade and investment despite concerns over Chinese investment in sensitive sectors and human rights issues.

UK to Restart Trade Talks with China Despite Past Concerns

UK Trade Secretary Jonathan Reynolds will travel to Beijing later this year to restart the UK-China Joint Economic and Trade Commission (Jetco), suspended since 2018, aiming to boost bilateral trade and investment despite concerns over Chinese investment in sensitive sectors and human rights issues.

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What are the immediate implications of the UK trade secretary's planned trip to China to restart the Jetco dialogue?

Jonathan Reynolds, UK trade secretary, will visit Beijing to restart the UK-China Joint Economic and Trade Commission (Jetco), suspended since 2018. This follows recent government statements acknowledging past naiveté in allowing Chinese investment in sensitive sectors, like steel, where the government recently seized control of British Steel's plant from its Chinese owners. Reynolds's trip aims to boost bilateral trade and investment.

es.euronews.com

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Apr 14, 13:16

China's Export Surge Amidst US Tariffs

China's exports rose 5.8% in Q1 2024, while imports fell 7%, creating a $76.6 billion trade surplus with the US despite 145% tariffs; growth was driven by increased exports to Southeast Asia and Africa, prompting President Xi's regional diplomatic tour.

China's Export Surge Amidst US Tariffs

China's exports rose 5.8% in Q1 2024, while imports fell 7%, creating a $76.6 billion trade surplus with the US despite 145% tariffs; growth was driven by increased exports to Southeast Asia and Africa, prompting President Xi's regional diplomatic tour.

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How is China's trade diversification strategy impacting its economic resilience amid US tariffs?

This export growth is largely driven by increased trade with Southeast Asian nations (nearly 17% increase in March) and Africa (over 11% increase). China's trade diversification strategy, coupled with its vast domestic market, is mitigating the impact of US tariffs.

Showing 349 to 360 of 1,213 results