Tag #Trade

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theguardian.com

🌐 85% Global Worthiness

Feb 23, 07:07

Australian Superannuation Industry Lobbying for US Tariff Exemption

Australia's $2.8 trillion superannuation industry is lobbying the US for an exemption from steel and aluminum tariffs, sending a delegation to meet with US officials and highlighting significant investments in the US economy, with Treasurer Jim Chalmers also lobbying for the exemption.

Australian Superannuation Industry Lobbying for US Tariff Exemption

Australia's $2.8 trillion superannuation industry is lobbying the US for an exemption from steel and aluminum tariffs, sending a delegation to meet with US officials and highlighting significant investments in the US economy, with Treasurer Jim Chalmers also lobbying for the exemption.

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What is the primary objective of the Australian superannuation industry's delegation to the US, and what are the potential immediate consequences of their actions?

Australia's $2.8 trillion superannuation industry is lobbying the Trump administration for an exemption from steel and aluminum tariffs. A delegation of major Australian funds will meet with US officials to highlight their significant investments in the US economy and plans for further investment. Treasurer Jim Chalmers will also meet with US Treasury Secretary Scott Bessent to discuss the issue.

dw.com

🌐 90% Global Worthiness

Feb 21, 16:12

Russia's Trade Realignment: From Europe to China and India

Since Russia's 2022 invasion of Ukraine, its export destinations have dramatically shifted from Europe (48% in 2021) to China (17%) and India (33%) in 2023, reflecting the EU's sanctions on Russian energy and Russia's pursuit of a multipolar world order.

Russia's Trade Realignment: From Europe to China and India

Since Russia's 2022 invasion of Ukraine, its export destinations have dramatically shifted from Europe (48% in 2021) to China (17%) and India (33%) in 2023, reflecting the EU's sanctions on Russian energy and Russia's pursuit of a multipolar world order.

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Reduced Inequality

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How did the EU's sanctions on Russian energy contribute to the shift in Russia's trading partners, and what other factors played a role?

This redirection stems from the EU's halting of Russian gas and oil imports, replaced by increased purchases from China and India. EU imports of Russian crude oil plummeted by 90%, and gas imports dropped from 40% of total demand in 2021 to 15% in 2023. This trade shift reflects Russia's increasing reliance on non-sanctioning countries.

theglobeandmail.com

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Feb 21, 01:07

Ontario's Multimillion-Dollar Ad Campaign Targets US Tariffs

Ontario's Progressive Conservative government is spending tens of millions of dollars on a US ad campaign to counter potential tariffs on Canadian goods, airing ads on major networks including Fox News and CNN, which includes sponsoring Sean Hannity's interview with Donald Trump and Elon Musk, despi...

Ontario's Multimillion-Dollar Ad Campaign Targets US Tariffs

Ontario's Progressive Conservative government is spending tens of millions of dollars on a US ad campaign to counter potential tariffs on Canadian goods, airing ads on major networks including Fox News and CNN, which includes sponsoring Sean Hannity's interview with Donald Trump and Elon Musk, despi...

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How do the opposition parties in Ontario respond to the ad campaign, and what broader political context informs their criticism?

Ford's ad campaign on US networks directly responds to Trump's tariff threats against Canadian goods. By emphasizing the economic consequences for the US, the campaign attempts to influence US policy and protect Ontario's economy. The campaign's effectiveness is debated; opposition parties criticize it as wasteful, while Ford claims it has been highly effective and beneficial.

npr.org

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Feb 20, 13:10

Steel and Aluminum Tariffs to Hike Canned Goods Prices

President Trump's new 25% tariff on imported steel and aluminum, effective March 12, will likely raise prices of canned goods due to U.S. reliance on foreign materials, especially tin mill steel (70% imported) for steel cans, and impacting businesses like Alter Brewing Co. and Heyday Canning Co.

Steel and Aluminum Tariffs to Hike Canned Goods Prices

President Trump's new 25% tariff on imported steel and aluminum, effective March 12, will likely raise prices of canned goods due to U.S. reliance on foreign materials, especially tin mill steel (70% imported) for steel cans, and impacting businesses like Alter Brewing Co. and Heyday Canning Co.

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What are the immediate consequences of the 25% tariff on imported steel and aluminum for American consumers?

President Trump's announcement of a 25% tariff on imported steel and aluminum will likely increase the price of canned goods for American consumers. This is because U.S. can manufacturers rely heavily on imported materials, particularly tin mill steel for steel cans (70%). The resulting cost increase will be passed on to consumers.

english.kyodonews.net

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Feb 20, 07:11

Trump Eyes New China Trade Deal; Japan Cautious on US Tariffs

President Trump voiced optimism about a new U.S.-China trade deal, citing his relationship with President Xi, while Japan's government reported moderate economic recovery but expressed concern over U.S. tariffs impacting exports.

Trump Eyes New China Trade Deal; Japan Cautious on US Tariffs

President Trump voiced optimism about a new U.S.-China trade deal, citing his relationship with President Xi, while Japan's government reported moderate economic recovery but expressed concern over U.S. tariffs impacting exports.

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What are the long-term global economic risks associated with the ongoing U.S.-China trade tensions?

Future trade relations between the U.S. and China, and the potential impact on global economic growth, remain uncertain, based on Trump's statements. Japan's continued economic recovery depends on resolving these international trade concerns.

china.org.cn

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Feb 20, 19:11

China Boosts FDI Amid Global Trade Tensions with New Action Plan

In response to global trade tensions, China unveiled a 20-measure action plan on February 20, 2025, to boost foreign direct investment (FDI), resulting in a 27.5 percent increase in January 2025 FDI compared to December 2024, with notable increases from the UK, South Korea, Netherlands, and Japan.

China Boosts FDI Amid Global Trade Tensions with New Action Plan

In response to global trade tensions, China unveiled a 20-measure action plan on February 20, 2025, to boost foreign direct investment (FDI), resulting in a 27.5 percent increase in January 2025 FDI compared to December 2024, with notable increases from the UK, South Korea, Netherlands, and Japan.

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What immediate impact will China's new action plan and recent FDI growth have on the global investment landscape?

Despite global trade tensions, China's proactive measures to attract foreign investment, including a new action plan with 20 specific measures, aim to stabilize and increase FDI. January 2025 saw a 27.5 percent increase in FDI from the previous month, with significant surges from several countries.

theglobeandmail.com

🌐 75% Global Worthiness

Feb 22, 16:13

BC Ferries Seeks Urgent Approval for $1B+ Shipbuilding Contract Amidst Tariff Uncertainty

BC Ferries seeks urgent approval for a $1-billion shipbuilding contract to replace its aging fleet, citing concerns about the impact of looming US tariffs on global markets and the need to maintain reliable service for passengers and commercial traffic vital to B.C.'s supply chains.

BC Ferries Seeks Urgent Approval for $1B+ Shipbuilding Contract Amidst Tariff Uncertainty

BC Ferries seeks urgent approval for a $1-billion shipbuilding contract to replace its aging fleet, citing concerns about the impact of looming US tariffs on global markets and the need to maintain reliable service for passengers and commercial traffic vital to B.C.'s supply chains.

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Industry, Innovation, and Infrastructure

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What are the immediate economic implications for BC Ferries and British Columbia if the $1B+ shipbuilding contract is not approved?

Facing potential price increases due to US tariffs, BC Ferries, one of the world's largest ferry systems, seeks urgent approval for a $1B+ shipbuilding contract to replace its aging fleet. The project aims to address current capacity issues and prevent further delays impacting both passengers and commercial traffic, crucial to B.C.'s supply chains. A decision is expected by March 14th.

forbes.com

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Feb 21, 22:09

Auto Tariffs Could Add $4,000-$10,000 to Vehicle Costs

President Trump's proposed tariffs on Canadian and Mexican goods could increase car and truck prices by \$4,000-\$10,000, causing significant production cutbacks and job losses in the North American auto industry, potentially exceeding the impact of the 2023 UAW strike; the tariffs also threaten the...

Auto Tariffs Could Add $4,000-$10,000 to Vehicle Costs

President Trump's proposed tariffs on Canadian and Mexican goods could increase car and truck prices by \$4,000-\$10,000, causing significant production cutbacks and job losses in the North American auto industry, potentially exceeding the impact of the 2023 UAW strike; the tariffs also threaten the...

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What are the immediate economic consequences of the proposed tariffs on Canadian and Mexican automotive goods?

Tariffs on Canadian and Mexican goods, if fully implemented, could increase the price of cars and trucks by \$4,000 to \$10,000, significantly impacting consumers and the North American auto industry. This would lead to production cutbacks exceeding those seen during the 2023 UAW strike, resulting in job losses and decreased domestic auto production. Consumers would likely postpone vehicle purchases, increasing demand for used cars.

elpais.com

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Feb 21, 22:08

Spain and Algeria Normalize Relations After Two-Year Rift

Spain and Algeria are restoring diplomatic ties after a two-year rift caused by Spain's 2022 support for Morocco's Western Sahara policy; this has led to high-level meetings and agreements to boost cooperation on trade, migration, and security.

Spain and Algeria Normalize Relations After Two-Year Rift

Spain and Algeria are restoring diplomatic ties after a two-year rift caused by Spain's 2022 support for Morocco's Western Sahara policy; this has led to high-level meetings and agreements to boost cooperation on trade, migration, and security.

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Peace, Justice, and Strong Institutions

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What immediate impact will the normalization of relations between Spain and Algeria have on bilateral trade and migration flows?

Spain and Algeria are normalizing relations after years of bilateral tension, spurred by Spain's 2022 shift in stance on the Western Sahara conflict. This decision, initially causing a rift with Algeria, has now led to a series of high-level meetings and agreements to strengthen bilateral ties, including cooperation on migration.

theglobeandmail.com

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Feb 20, 01:12

Carney Proposes "Spend Less, Invest More" Economic Plan for Canada

Mark Carney, a former central banker, announced a plan to rein in federal spending, increase capital investments in infrastructure and clean energy, and cut middle-class taxes if elected Prime Minister of Canada on March 9, aiming to improve Canada's economic competitiveness against the US and diver...

Carney Proposes "Spend Less, Invest More" Economic Plan for Canada

Mark Carney, a former central banker, announced a plan to rein in federal spending, increase capital investments in infrastructure and clean energy, and cut middle-class taxes if elected Prime Minister of Canada on March 9, aiming to improve Canada's economic competitiveness against the US and diver...

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What are the core tenets of Mark Carney's economic platform, and what immediate impacts might they have on the Canadian economy?

Mark Carney, a former central banker vying for the Canadian prime ministership, proposes a "spend less, invest more" strategy. This involves splitting Ottawa's budget to prioritize capital projects like infrastructure, boosting economic growth and potentially mitigating the impact of US tariffs. His plan includes middle-class tax cuts and a balanced budget within three years.

dw.com

🌐 85% Global Worthiness

Feb 20, 19:10

EU Accused of Ignoring Vietnam's Human Rights Abuses Under EVFTA

The International Federation for Human Rights and the Vietnam Committee on Human Rights filed a complaint with the EU on February 4, alleging Vietnam's suppression of human rights defenders violates the EU-Vietnam Free Trade Agreement (EVFTA), prompting questions about the EU's commitment to using t...

EU Accused of Ignoring Vietnam's Human Rights Abuses Under EVFTA

The International Federation for Human Rights and the Vietnam Committee on Human Rights filed a complaint with the EU on February 4, alleging Vietnam's suppression of human rights defenders violates the EU-Vietnam Free Trade Agreement (EVFTA), prompting questions about the EU's commitment to using t...

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What are the immediate implications of the complaint filed against Vietnam regarding human rights violations under the EVFTA?

The International Federation for Human Rights and the Vietnam Committee on Human Rights filed a complaint with the EU, alleging Vietnam's crackdown on human rights defenders violates the EU-Vietnam Free Trade Agreement (EVFTA). This action highlights the EU's struggle to enforce human rights clauses within trade deals, raising concerns about the effectiveness of using trade as a tool for social change. The complaint specifically cites Vietnam's rejection of independent oversight within the EVFTA's Domestic Advisory Groups.

abcnews.go.com

🌐 85% Global Worthiness

Feb 20, 19:11

Walmart's Strong 2024 Results Offset by Dim 2025 Outlook

Walmart reported strong 2024 sales and profits, exceeding expectations, but anticipates lower 2025 earnings due to decreased consumer spending and new tariffs, impacting the retail sector; shares fell nearly 9%.

Walmart's Strong 2024 Results Offset by Dim 2025 Outlook

Walmart reported strong 2024 sales and profits, exceeding expectations, but anticipates lower 2025 earnings due to decreased consumer spending and new tariffs, impacting the retail sector; shares fell nearly 9%.

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How does Walmart's reliance on groceries and its online offerings mitigate the potential negative impacts of the predicted economic slowdown?

Walmart's success in 2024 was due to its ability to maintain low prices despite inflation, attracting customers seeking value and gaining market share. The company's projected lower earnings in 2025 are linked to anticipated decreased consumer spending and the impact of new tariffs on its low-price model, threatening its competitive edge.

Showing 397 to 408 of 1,065 results