Tag #Trade

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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.

french.china.org.cn

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Mar 14, 07:13

China Strengthens Global Trade Ties Amidst Protectionist Headwinds

China is actively promoting international trade and investment despite global protectionism, with recent events in the UK, Brazil, and Germany showcasing cooperation agreements in finance, clean energy, AI, agriculture, and green development; China's foreign trade showed resilience in the first two ...

China Strengthens Global Trade Ties Amidst Protectionist Headwinds

China is actively promoting international trade and investment despite global protectionism, with recent events in the UK, Brazil, and Germany showcasing cooperation agreements in finance, clean energy, AI, agriculture, and green development; China's foreign trade showed resilience in the first two ...

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How is China actively countering global protectionist trends and strengthening its economic partnerships?

Despite rising unilateralism and protectionism, China is strengthening economic and trade ties globally, with recent events in the UK, Brazil, and Germany promoting commercial cooperation. The 3rd UK promotion session of the China International Supply Chain Expo (CISCE) saw agreements for cooperation in finance, clean energy, and AI, while a Shandong Province conference in Brazil yielded trade and investment deals in agriculture and green development. A Nanjing delegation in Germany further promoted economic cooperation and investment.

elmundo.es

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Mar 14, 04:09

Seat Faces Financial Strain Due to Tariffs on Chinese Electric Vehicles

Seat CEO Wayne Griffiths criticizes tariffs on Chinese electric vehicles, citing a 20.7% tariff on the Cupra Tavascan causing a 0.6% drop in operating margin and threatening production cuts for less profitable models unless the tariff is reduced or eliminated.

Seat Faces Financial Strain Due to Tariffs on Chinese Electric Vehicles

Seat CEO Wayne Griffiths criticizes tariffs on Chinese electric vehicles, citing a 20.7% tariff on the Cupra Tavascan causing a 0.6% drop in operating margin and threatening production cuts for less profitable models unless the tariff is reduced or eliminated.

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How are the tariffs affecting Seat's production strategy and investment plans?

The tariffs, imposed just two months prior, cost Seat hundreds of millions of euros annually, jeopardizing the company's 1 billion euro yearly investment plan. The situation has prompted negotiations for tariff reduction, with support from the Spanish and German governments.

gr.euronews.com

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Mar 13, 22:11

EU to Strengthen Economic Ties with Vietnam Amid Geopolitical Tensions

EU President Ursula von der Leyen plans a trip to Vietnam to strengthen economic ties, particularly in minerals and trade, as 2024 trade between the EU and Vietnam reached €68 billion, and the EU seeks to diversify trade partnerships amid geopolitical tensions.

EU to Strengthen Economic Ties with Vietnam Amid Geopolitical Tensions

EU President Ursula von der Leyen plans a trip to Vietnam to strengthen economic ties, particularly in minerals and trade, as 2024 trade between the EU and Vietnam reached €68 billion, and the EU seeks to diversify trade partnerships amid geopolitical tensions.

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How does Vietnam's strategic mineral wealth, particularly rare earth elements, influence the EU's interest in strengthening economic ties?

This visit underscores the EU's strategy to diversify trade partnerships amid geopolitical tensions and reduce reliance on China. Vietnam's significant mineral resources, including rare earth elements crucial for green technologies, are a key driver for this engagement. The EU seeks to deepen trade relations with Vietnam as its largest trading partner within ASEAN.

es.euronews.com

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Mar 12, 22:13

EU Retaliates Against US Tariffs; Ukraine Agrees to Ceasefire

The EU is implementing countermeasures against new US tariffs on steel and aluminum, while Ukraine agreed to a US-proposed ceasefire with Russia in exchange for military aid. Portugal's government fell after a no-confidence vote, and Italy's former prime minister criticized the EU's plan for increas...

EU Retaliates Against US Tariffs; Ukraine Agrees to Ceasefire

The EU is implementing countermeasures against new US tariffs on steel and aluminum, while Ukraine agreed to a US-proposed ceasefire with Russia in exchange for military aid. Portugal's government fell after a no-confidence vote, and Italy's former prime minister criticized the EU's plan for increas...

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Peace, Justice, and Strong Institutions

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How do the EU's actions reflect broader trends in international trade and relations?

The EU's response highlights escalating trade tensions between the US and EU. The imposition of tariffs and subsequent countermeasures reflect a protectionist approach, potentially impacting global trade and economic stability. This action demonstrates a shift toward bilateral trade conflicts.

theglobeandmail.com

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Mar 12, 13:11

Trump's Dairy Tariff Threat Exposes Canada's Supply Management Dilemma

U.S. President Donald Trump threatened tariffs on Canadian dairy due to Canada's supply management system, prompting debate on its future; while unlikely to severely impact Canadian farmers, the threat underscores trade tensions and raises questions about the system's economic and geopolitical conse...

Trump's Dairy Tariff Threat Exposes Canada's Supply Management Dilemma

U.S. President Donald Trump threatened tariffs on Canadian dairy due to Canada's supply management system, prompting debate on its future; while unlikely to severely impact Canadian farmers, the threat underscores trade tensions and raises questions about the system's economic and geopolitical conse...

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Reduced Inequality

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How does Canada's supply management system affect domestic consumers and international trade relations, and what are the economic implications of this system?

The Canadian supply management system, while ensuring stable supply and prices for domestic producers and consumers, has created trade barriers with countries like the U.S. and Britain. This system, controlling production and prices of dairy, eggs, and poultry, involves high tariffs on imports exceeding quotas and limits interprovincial sales, leading to higher consumer prices and strained international relations. A 2015 University of Manitoba study showed that supply management costs the poorest households $339 annually.

cnnespanol.cnn.com

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Mar 14, 19:15

China Criticizes Panama Canal Port Sale to BlackRock

China condemned the proposed sale of Panamanian canal ports to BlackRock, calling it a betrayal, causing a 6% drop in CK Hutchison's stock price and raising questions about the deal's future despite analysts believing Chinese approval may not be required.

China Criticizes Panama Canal Port Sale to BlackRock

China condemned the proposed sale of Panamanian canal ports to BlackRock, calling it a betrayal, causing a 6% drop in CK Hutchison's stock price and raising questions about the deal's future despite analysts believing Chinese approval may not be required.

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Industry, Innovation, and Infrastructure

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What are the immediate consequences of China's criticism of the BlackRock-CKH Panama Canal port deal?

China strongly criticized the proposed sale of Panamanian canal ports to BlackRock, calling it a "spineless act of subservience" and a betrayal of the Chinese people. This criticism caused a 6% drop in CK Hutchison's (CKH) stock price, raising investor concerns about the deal's feasibility. Analysts, however, note that Chinese regulatory approval may not be required, as CKH retains its Chinese ports.

forbes.com

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Mar 14, 19:15

China's Deflation Spurs Unexpected Mainland Investment in Hong Kong

Despite February's unexpectedly high deflation in China, exceeding the NPC's 2% target, Mainland investors invested nearly $8 billion in Hong Kong stocks, signaling confidence in potential stimulus measures; Hong Kong and Mainland China markets outperformed overnight, driven by optimism surrounding ...

China's Deflation Spurs Unexpected Mainland Investment in Hong Kong

Despite February's unexpectedly high deflation in China, exceeding the NPC's 2% target, Mainland investors invested nearly $8 billion in Hong Kong stocks, signaling confidence in potential stimulus measures; Hong Kong and Mainland China markets outperformed overnight, driven by optimism surrounding ...

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What are the immediate economic implications of China's unexpectedly high deflation in February, and how is the market responding?

Despite China's February deflation exceeding expectations, Mainland investors injected nearly $8 billion into Hong Kong stocks via Stock Connect this week. This surge, coupled with positive overnight performance in Hong Kong and Mainland China, suggests bullish sentiment among local traders.

theguardian.com

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Mar 14, 04:09

Australia Urges Local Consumption Amid Trump Tariff Fallout

Australia's government is urging consumers to buy local products to mitigate the economic impact of failing to secure an exemption from Donald Trump's tariffs, prompting a political debate ahead of the election, with the opposition criticizing the government's weakness while also attempting to explo...

Australia Urges Local Consumption Amid Trump Tariff Fallout

Australia's government is urging consumers to buy local products to mitigate the economic impact of failing to secure an exemption from Donald Trump's tariffs, prompting a political debate ahead of the election, with the opposition criticizing the government's weakness while also attempting to explo...

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What immediate economic and political consequences stem from Australia's failure to secure an exemption from Donald Trump's tariffs?

Australia's government, facing pressure from Donald Trump's tariffs, is exploring ways to boost local consumption without imposing counter-tariffs. The prime minister urged Australians to buy domestically produced goods to support local jobs and industries. This initiative aligns with the pre-existing "Future Made in Australia" policy, focusing on clean energy projects.

spanish.china.org.cn

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Mar 13, 10:10

Chancay Megaport Generates $419 Million in Trade, $39.3 Million in Tax Revenue for Peru

Peru's Chancay megaport has generated $419 million in merchandise trade, yielding $39.3 million in tax revenue, facilitating exports of palm oil, fresh palm fruits, and blueberries, and imports of yellow corn, construction equipment, and solar panels.

Chancay Megaport Generates $419 Million in Trade, $39.3 Million in Tax Revenue for Peru

Peru's Chancay megaport has generated $419 million in merchandise trade, yielding $39.3 million in tax revenue, facilitating exports of palm oil, fresh palm fruits, and blueberries, and imports of yellow corn, construction equipment, and solar panels.

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What is the immediate economic impact of the Chancay megaport on Peru's government revenue and international trade?

The Chancay megaport, 80 kilometers north of Lima, Peru, has generated $419 million in merchandise imports and exports, resulting in $39.3 million in tax revenue for the Peruvian government. This revenue significantly contributes to state resources for social programs. The port facilitates trade for 502 authorized foreign trade operators.

bbc.com

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Mar 12, 04:10

Taoiseach to Discuss Gaza, Ukraine, and Trade with Trump

Irish Taoiseach Micheál Martin will meet US President Trump on Wednesday to discuss the situations in Gaza and Ukraine, the US-Ireland economic relationship, and potential trade disputes, amidst concerns over Ireland's economy and the impact of potential tariffs on Northern Ireland.

Taoiseach to Discuss Gaza, Ukraine, and Trade with Trump

Irish Taoiseach Micheál Martin will meet US President Trump on Wednesday to discuss the situations in Gaza and Ukraine, the US-Ireland economic relationship, and potential trade disputes, amidst concerns over Ireland's economy and the impact of potential tariffs on Northern Ireland.

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Peace, Justice, and Strong Institutions

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How does the Taoiseach's visit address concerns about the impact of potential US tariffs on the economies of Ireland and Northern Ireland?

The meeting's significance lies in its potential to impact US-Ireland relations amidst geopolitical uncertainty and economic tensions. Specific concerns include the threat of US tariffs on EU imports and the impact on Northern Ireland. Martin's emphasis on the two-way trade relationship seeks to mitigate these risks.

theglobeandmail.com

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Mar 12, 22:13

Alberta Premier Adopts Diplomatic Stance on U.S. Trade Disputes

Alberta Premier Danielle Smith is pursuing a diplomatic approach to trade disputes with the U.S., advocating for increased oil export capacity to the U.S. while also pursuing alternative markets, contrasting with the tougher stance of other Canadian leaders amid tariff threats and newly discovered r...

Alberta Premier Adopts Diplomatic Stance on U.S. Trade Disputes

Alberta Premier Danielle Smith is pursuing a diplomatic approach to trade disputes with the U.S., advocating for increased oil export capacity to the U.S. while also pursuing alternative markets, contrasting with the tougher stance of other Canadian leaders amid tariff threats and newly discovered r...

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Affordable and Clean Energy

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How does Alberta's strategy differ from that of other Canadian provinces, and what are the underlying reasons for these diverging approaches?

Smith's "good cop" strategy contrasts with the tougher stance of other Canadian leaders, such as Ontario Premier Doug Ford, who publicly opposed Trump's tariff threats. Her approach emphasizes diplomatic engagement and preserving a long-standing trade relationship. This divergence in strategy highlights the complexities of navigating trade disputes with the U.S.

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