Tag #Trade

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theguardian.com

🌐 75% Global Worthiness

Dec 23, 01:06

Post-Brexit Trade Deal Hurting UK Businesses, BCC Survey Shows

A BCC survey shows only 15% of 1,000+ firms saw increased EU sales post-Brexit, while 46% want easier staff movement to the EU; the BCC calls for a closer EU tie to address higher taxes and trade barriers.

Post-Brexit Trade Deal Hurting UK Businesses, BCC Survey Shows

A BCC survey shows only 15% of 1,000+ firms saw increased EU sales post-Brexit, while 46% want easier staff movement to the EU; the BCC calls for a closer EU tie to address higher taxes and trade barriers.

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How significant is the negative impact of post-Brexit trade rules on UK businesses trading within the EU?

A recent British Chambers of Commerce (BCC) survey revealed that only 15% of 1,000+ member companies reported increased EU sales due to the post-Brexit trade deal, while 40% saw no sales increase. The BCC urges the government to improve the deal, citing increased costs from the autumn budget. This highlights significant ongoing challenges for UK businesses trading with the EU.", A2="The BCC survey reveals a mismatch between government claims of a "new era" in EU trade relations and the realities faced by British businesses. The most significant concerns are easing staff movement to the EU (46% of respondents) and reducing trade barriers to offset increased costs. This gap suggests a need for more effective policy alignment between stated goals and practical outcomes.", A3="Continued trade friction between the UK and EU poses a significant risk, particularly as EU regulations evolve and UK businesses lack awareness. The lack of awareness (77% of businesses) of new EU safety and security regulations adds to existing challenges. Without policy adjustments, the situation is likely to worsen, potentially impacting long-term UK competitiveness and economic growth.", Q1="What are the most significant impacts of post-Brexit trade rules on UK businesses trading with the EU, as revealed by the BCC survey?", Q2="What are the primary concerns of UK businesses regarding the post-Brexit trade agreement with the EU, and how do these concerns relate to broader economic factors?", Q3="What are the potential long-term implications of the current trade friction between the UK and EU, particularly regarding regulatory divergence and business awareness?", ShortDescription="A British Chambers of Commerce survey of over 1,000 businesses found that only 15% saw increased EU sales post-Brexit, with 46% wanting easier staff movement to the EU; the BCC is pushing for a closer EU relationship to offset higher taxes and improve trade.

elpais.com

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Dec 22, 07:09

Mexico Prepares for Trump's Return: Mass Deportations, Tariffs, and Security Concerns

Following Donald Trump's election victory, Mexico's embassy in Washington D.C. is urgently preparing for potential mass deportations of Mexican migrants, increased tariffs, and heightened security challenges, particularly concerning fentanyl trafficking, requiring a rapid response across multiple fr...

Mexico Prepares for Trump's Return: Mass Deportations, Tariffs, and Security Concerns

Following Donald Trump's election victory, Mexico's embassy in Washington D.C. is urgently preparing for potential mass deportations of Mexican migrants, increased tariffs, and heightened security challenges, particularly concerning fentanyl trafficking, requiring a rapid response across multiple fr...

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How will Mexico's diplomatic strategy balance the need to protect its citizens' rights with its economic interests and national security concerns?

Mexico's strategy involves mitigating the immediate impact of increased tariffs, protecting the USMCA, and preparing for potential mass deportations of Mexican citizens. The embassy is coordinating with consulates to ensure migrant rights are protected. The scale of potential deportations is uncertain, with estimates ranging from millions, based on Trump's promises and historical precedents, to significantly lower numbers, as suggested by some experts.",

chinadaily.com.cn

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Dec 21, 04:06

Brexit Cost UK £27 Billion in First Two Years: Study

The UK's exit from the EU's single market and customs union resulted in a £27 billion ($34 billion) loss in trade over two years, primarily affecting small businesses, while larger businesses maintained pre-Brexit trade levels; this is less than initially projected but talks to update trade agreemen...

Brexit Cost UK £27 Billion in First Two Years: Study

The UK's exit from the EU's single market and customs union resulted in a £27 billion ($34 billion) loss in trade over two years, primarily affecting small businesses, while larger businesses maintained pre-Brexit trade levels; this is less than initially projected but talks to update trade agreemen...

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How do the actual economic losses from Brexit compare to initial forecasts, and what factors contributed to this discrepancy?

The research, based on UK customs data from over 100,000 companies, reveals a 6.4 percent decrease in goods exported to Europe and a 3.1 percent drop in imports by the end of 2022. While lower than initial predictions, this reduction still represents a substantial economic cost. The impact varied greatly, with small businesses facing the brunt of the new trade barriers.

fr.allafrica.com

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Dec 21, 07:07

Senegal and Gambia Strengthen Economic Ties at Banjul Forum

Senegal's Prime Minister Ousmane Sonko and Gambia's Vice President Muhammed B.S. Jallow co-chaired the second Senegal-Gambian Economic Forum in Banjul on December 20, 2024, focusing on strengthening bilateral cooperation and increasing trade from \$19.5 million (117 billion FCFA) to \$83.3 million (...

Senegal and Gambia Strengthen Economic Ties at Banjul Forum

Senegal's Prime Minister Ousmane Sonko and Gambia's Vice President Muhammed B.S. Jallow co-chaired the second Senegal-Gambian Economic Forum in Banjul on December 20, 2024, focusing on strengthening bilateral cooperation and increasing trade from \$19.5 million (117 billion FCFA) to \$83.3 million (...

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What immediate actions were taken to strengthen economic ties between Senegal and Gambia during the second Senegal-Gambian Economic Forum?

Senegal's Prime Minister Ousmane Sonko and Gambia's Vice President Muhammed B.S. Jallow co-chaired the second Senegal-Gambian Economic Forum in Banjul. Sonko emphasized strengthening bilateral cooperation, highlighting the historical ties and shared rivers between the two nations.

welt.de

🌐 85% Global Worthiness

Dec 20, 16:12

EU and Switzerland Finalize Updated Partnership Agreement

The EU and Switzerland concluded years of negotiations, finalizing an updated partnership agreement including a €375 million annual Swiss contribution to support less developed EU regions, expanding cooperation in various sectors, but facing potential delays due to Swiss domestic politics.

EU and Switzerland Finalize Updated Partnership Agreement

The EU and Switzerland concluded years of negotiations, finalizing an updated partnership agreement including a €375 million annual Swiss contribution to support less developed EU regions, expanding cooperation in various sectors, but facing potential delays due to Swiss domestic politics.

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Reduced Inequality

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What are the key components of the newly finalized agreement between the EU and Switzerland, and what immediate implications does it have for both sides?

The EU and Switzerland finalized a comprehensive agreement modernizing their bilateral relations, ensuring future cooperation. A key element is Switzerland's commitment to an annual €375 million contribution to support less developed EU regions. This follows decades of negotiations and replaces outdated agreements.

usa.chinadaily.com.cn

🌐 85% Global Worthiness

Dec 19, 04:09

China Unveils Logistics Plan to Boost Manufacturing Competitiveness

China plans to reduce logistics costs from 14.4% to 13.5% of GDP by 2027, focusing on rail freight expansion, multimodal transport integration, and aligning industrial clusters with logistics hubs to boost manufacturing competitiveness and supply chain resilience.

China Unveils Logistics Plan to Boost Manufacturing Competitiveness

China plans to reduce logistics costs from 14.4% to 13.5% of GDP by 2027, focusing on rail freight expansion, multimodal transport integration, and aligning industrial clusters with logistics hubs to boost manufacturing competitiveness and supply chain resilience.

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What specific measures are being implemented to optimize China's logistics network, and what are the expected outcomes?

This initiative focuses on optimizing the logistics ecosystem, not just price reduction. Key strategies include improving rail freight (currently underutilized at 20% of freight turnover compared to 40% in the US), promoting multimodal transport, and integrating advanced manufacturing with modernized logistics infrastructure. This aims to create a more efficient and cost-effective system.

china.org.cn

🌐 75% Global Worthiness

Dec 23, 07:08

Sino-Italian Collaboration Unveils Autopilot Minibus; Report Highlights Economic Contributions

A Chinese-Italian collaboration unveiled the \"ADone\" autopilot minibus at the 2024 Turin Auto Show; a report details the significant contributions of Chinese enterprises to Italy's economy, despite some challenges, with many planning to expand investments.

Sino-Italian Collaboration Unveils Autopilot Minibus; Report Highlights Economic Contributions

A Chinese-Italian collaboration unveiled the \"ADone\" autopilot minibus at the 2024 Turin Auto Show; a report details the significant contributions of Chinese enterprises to Italy's economy, despite some challenges, with many planning to expand investments.

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What is the immediate impact of the Sino-Italian collaboration on technological innovation, as evidenced by the \"ADone\" minibus?

A new autopilot minibus, \"ADone\", developed through a Sino-Italian collaboration between PIX Moving and Tecnocad, was unveiled at the 2024 Turin Auto Show. This showcases growing collaboration in technological innovation between China and Italy. The 6-seat minibus represents a tangible outcome of this partnership.

nytimes.com

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Dec 22, 22:07

Phillies acquire Luzardo, fortifying starting rotation

The Philadelphia Phillies acquired starting pitcher Jesús Luzardo from the Miami Marlins on Sunday, adding depth to their rotation in exchange for top prospect Starlyn Caba and outfielder Emaarion Boyd; Luzardo, who had a 3.58 ERA in 178 2/3 innings in 2023, will likely slot fifth in the rotation an...

Phillies acquire Luzardo, fortifying starting rotation

The Philadelphia Phillies acquired starting pitcher Jesús Luzardo from the Miami Marlins on Sunday, adding depth to their rotation in exchange for top prospect Starlyn Caba and outfielder Emaarion Boyd; Luzardo, who had a 3.58 ERA in 178 2/3 innings in 2023, will likely slot fifth in the rotation an...

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What is the significance of the Phillies acquiring Jesús Luzardo, and what immediate impact will it have on their team?

The Philadelphia Phillies acquired pitcher Jesús Luzardo from the Miami Marlins, bolstering their starting rotation for the 2025 season. Luzardo, who had a 3.58 ERA in 2023, will slot fifth, adding depth behind established starters. The trade cost the Phillies top prospect Starlyn Caba and outfielder Emaarion Boyd.

us.cnn.com

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Dec 21, 07:07

Trump's Tariff Threats Against BRICS: India's Unique Position

President-elect Trump threatens BRICS nations with 100% tariffs if they replace the US dollar, but India's strong relationship with Trump may give it leverage to influence other members.

Trump's Tariff Threats Against BRICS: India's Unique Position

President-elect Trump threatens BRICS nations with 100% tariffs if they replace the US dollar, but India's strong relationship with Trump may give it leverage to influence other members.

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How will President-elect Trump's tariff threats against BRICS nations impact global currency markets and international trade relationships?

President-elect Trump threatens BRICS nations with 100% tariffs if they create a new currency or replace the US dollar. India, a BRICS member, has been a target of Trump's trade policies in the past, but their leaders maintain a warm personal relationship. This dynamic could give India leverage to influence other BRICS members.

npr.org

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Dec 20, 13:12

Trump's Tariff Shift: A Break from Republican Free Trade Orthodoxy

President-elect Donald Trump's advocacy for tariffs, ranging from 20% to 60% on goods from various countries, signifies a stark departure from the Republican Party's historical pro-free trade stance, potentially impacting consumer prices and international trade relations.

Trump's Tariff Shift: A Break from Republican Free Trade Orthodoxy

President-elect Donald Trump's advocacy for tariffs, ranging from 20% to 60% on goods from various countries, signifies a stark departure from the Republican Party's historical pro-free trade stance, potentially impacting consumer prices and international trade relations.

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What factors contributed to the shift in public and Republican Party opinion on free trade, and how did Trump leverage this sentiment in his campaigns?

This shift reflects a growing divide between elite Republican opinion and the broader electorate's more mixed views on trade. While economists largely agree that tariffs raise prices for consumers, Trump's rhetoric tapped into voter anxieties about job losses in manufacturing sectors, particularly those impacted by increased trade with China. This realignment of the Republican Party's trade policy is unprecedented in recent history, mirroring similar shifts in voter sentiment.

dailymail.co.uk

🌐 85% Global Worthiness

Dec 19, 01:10

Retail Giants Warn of Price Hikes Due to Trump Tariffs

Costco and Best Buy executives warn of potential price hikes in 2024 due to President Trump's proposed tariffs on imported goods from China and Mexico, impacting various consumer products and potentially slowing economic growth.

Retail Giants Warn of Price Hikes Due to Trump Tariffs

Costco and Best Buy executives warn of potential price hikes in 2024 due to President Trump's proposed tariffs on imported goods from China and Mexico, impacting various consumer products and potentially slowing economic growth.

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What are the immediate economic consequences of the proposed tariffs on major US retailers and consumers?

Costco's CFO warned that proposed Trump tariffs could increase prices in 2024, impacting consumers. This follows similar warnings from Best Buy, indicating broad retail concern. The potential price increases stem directly from increased import costs due to tariffs.

arabic.euronews.com

🌐 75% Global Worthiness

Dec 19, 19:11

Trump Suggests Canada Become 51st US State Amidst Political Crisis

Donald Trump proposed Canada become the 51st US state, sparking ridicule amidst Canada's political crisis following Finance Minister Chrystia Freeland's resignation, increased pressure on Prime Minister Justin Trudeau, and Trump's threat of imposing significant tariffs on Canadian products; a Leger ...

Trump Suggests Canada Become 51st US State Amidst Political Crisis

Donald Trump proposed Canada become the 51st US state, sparking ridicule amidst Canada's political crisis following Finance Minister Chrystia Freeland's resignation, increased pressure on Prime Minister Justin Trudeau, and Trump's threat of imposing significant tariffs on Canadian products; a Leger ...

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How does the resignation of Canadian Finance Minister Chrystia Freeland contribute to the escalating tensions between Canada and the US?

Trump's proposal, while seemingly facetious, reflects existing bilateral challenges. High trade interdependence (Canada accounted for ~$437 billion USD in US imports in 2022) and disagreements over trade policies and financial aid measures contribute to the strained relationship. A Leger poll indicates 13% of Canadians support this idea.

Showing 553 to 564 of 911 results