Tag #Trade

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abcnews.go.com

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Dec 4, 04:09

Trump Tariffs to Hike Prices for Small Businesses and Consumers

President-elect Trump's proposed tariffs—a 25% tax on goods from Canada and Mexico and a 10% tax on Chinese goods—will increase costs for small businesses, potentially forcing them to raise consumer prices, impacting businesses like Daily Crunch and Healthy Crunch who import materials and operate on...

Trump Tariffs to Hike Prices for Small Businesses and Consumers

President-elect Trump's proposed tariffs—a 25% tax on goods from Canada and Mexico and a 10% tax on Chinese goods—will increase costs for small businesses, potentially forcing them to raise consumer prices, impacting businesses like Daily Crunch and Healthy Crunch who import materials and operate on...

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What are the potential long-term implications of these tariffs for small businesses, consumers, and the overall economic landscape?

The long-term effects of these tariffs remain uncertain, but could lead to reduced consumer purchasing power, impacting the overall economy. Small businesses, often operating on thin margins, will be particularly vulnerable to these price increases, potentially leading to business closures or reduced innovation and competitiveness. The impact on consumers will be felt most acutely in markets with limited or specialized products.

nbcnews.com

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Dec 3, 12:36

Trump to Block Nippon Steel's $15 Billion U.S. Steel Acquisition

President-elect Donald Trump declared he will block Nippon Steel's $15 billion bid to acquire U.S. Steel, defying the company's support and prior opposition from President Biden and Vice President Harris, despite Nippon Steel's promises to invest and maintain American jobs. The deal is set for revie...

Trump to Block Nippon Steel's $15 Billion U.S. Steel Acquisition

President-elect Donald Trump declared he will block Nippon Steel's $15 billion bid to acquire U.S. Steel, defying the company's support and prior opposition from President Biden and Vice President Harris, despite Nippon Steel's promises to invest and maintain American jobs. The deal is set for revie...

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What are the potential broader economic and geopolitical implications of this decision?

Trump's opposition stems from concerns about foreign ownership of U.S. Steel, prioritizing domestic control over economic efficiency. Nippon Steel's assurances of continued American management, investment, and job security appear insufficient to sway Trump. This politicization risks harming U.S.-Japan relations and inadvertently benefiting China, which dominates the global steel market.

spanish.china.org.cn

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Dec 3, 12:26

China and Germany Emphasize Cooperation Amidst Trade Tensions

Chinese Foreign Minister Wang Yi and German Foreign Minister Annalena Baerbock co-chaired the 7th China-Germany Strategic Dialogue on Diplomacy and Security in Beijing on December 2, 2024, emphasizing cooperation despite trade disagreements over EU anti-subsidy tariffs on Chinese electric vehicles.

China and Germany Emphasize Cooperation Amidst Trade Tensions

Chinese Foreign Minister Wang Yi and German Foreign Minister Annalena Baerbock co-chaired the 7th China-Germany Strategic Dialogue on Diplomacy and Security in Beijing on December 2, 2024, emphasizing cooperation despite trade disagreements over EU anti-subsidy tariffs on Chinese electric vehicles.

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What are the key outcomes and immediate implications of the 7th China-Germany Strategic Dialogue on Diplomacy and Security?

The 7th round of the China-Germany Strategic Dialogue on Diplomacy and Security concluded in Beijing on December 2nd, 2024. Chinese Foreign Minister Wang Yi and German Foreign Minister Annalena Baerbock jointly chaired the meeting, emphasizing the importance of cooperation despite existing differences. Both sides highlighted their commitment to maintaining stable bilateral relations.

allafrica.com

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Dec 3, 12:35

South Africa and Nigeria to Boost Trade and Investment

South African and Nigerian ministers met to strengthen economic ties, focusing on increasing trade and investment, particularly in infrastructure, utilizing the AfCFTA, and celebrating 30 years of diplomatic relations.

South Africa and Nigeria to Boost Trade and Investment

South African and Nigerian ministers met to strengthen economic ties, focusing on increasing trade and investment, particularly in infrastructure, utilizing the AfCFTA, and celebrating 30 years of diplomatic relations.

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How will the increased trade and investment between South Africa and Nigeria impact economic growth and job creation in both countries?

South Africa and Nigeria aim to significantly boost bilateral trade and investment, focusing on infrastructure projects and leveraging the African Continental Free Trade Area (AfCFTA). Minister Lamola emphasized the need for increased economic collaboration, noting the substantial size of both economies. This initiative seeks to unlock untapped economic potential and create numerous job opportunities.

spanish.china.org.cn

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Dec 2, 10:40

Xi Jinping's Latin America Visit Strengthens China-Region Ties

Chinese President Xi Jinping visited Peru and Brazil in November 2024, participating in APEC and G20 summits, resulting in an optimized Peru-China free trade agreement, numerous cooperation deals, and showcasing China's commitment to strengthening ties with Latin America.

Xi Jinping's Latin America Visit Strengthens China-Region Ties

Chinese President Xi Jinping visited Peru and Brazil in November 2024, participating in APEC and G20 summits, resulting in an optimized Peru-China free trade agreement, numerous cooperation deals, and showcasing China's commitment to strengthening ties with Latin America.

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How did the visit reflect the broader relationship between China and Latin America?

Latin American nations, such as Peru and Brazil, view China as a significant trading partner and investor in key sectors like infrastructure, energy, and mining. Xi Jinping's visit signals China's commitment to strengthening political and economic relationships with the region, leading to the signing of over 60 cooperation documents.

pda.kp.ru

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Dec 2, 17:26

Russia-China Trade: Adapting to Success

Yan Volkova, head of Asia Goods, discusses the successful collaboration between her company and Chinese manufacturers, emphasizing product adaptation and cultural understanding as key factors for success in the Russian market.

Russia-China Trade: Adapting to Success

Yan Volkova, head of Asia Goods, discusses the successful collaboration between her company and Chinese manufacturers, emphasizing product adaptation and cultural understanding as key factors for success in the Russian market.

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What are the key challenges and opportunities for Russian companies seeking to collaborate with Chinese manufacturers?

Russian businesses are actively shifting towards Eastern markets, with China playing a key role. This pivot, driven by reduced reliance on Western partners and a focus on local and Asian markets, presents opportunities for strengthening economic ties with China. However, success requires product adaptation and understanding Chinese business culture.

cbsnews.com

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Dec 4, 04:09

Trump Opposes Nippon Steel's Bid for U.S. Steel

President-elect Donald Trump announced his opposition to Nippon Steel's $15 billion bid to acquire U.S. Steel, citing national security concerns, despite the Japanese company promising $1 billion in upgrades and Pennsylvania Governor Josh Shapiro's attempts to mediate a deal protecting jobs and stee...

Trump Opposes Nippon Steel's Bid for U.S. Steel

President-elect Donald Trump announced his opposition to Nippon Steel's $15 billion bid to acquire U.S. Steel, citing national security concerns, despite the Japanese company promising $1 billion in upgrades and Pennsylvania Governor Josh Shapiro's attempts to mediate a deal protecting jobs and stee...

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What is the immediate impact of President-elect Trump's opposition to the Nippon Steel bid on U.S. Steel?

President-elect Donald Trump has publicly opposed Nippon Steel's $15 billion bid to acquire U.S. Steel, stating his intention to block the sale upon assuming office. This decision comes despite a promised $1 billion investment by Nippon Steel in upgrades to U.S. Steel's Mon Valley Works and the potential for job preservation. The United Steelworkers union, while divided internally, also opposes the sale.

us.cnn.com

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Dec 3, 12:10

Trump to Block Nippon Steel's $15 Billion US Steel Takeover

President-elect Donald Trump announced his intention to block Nippon Steel's $15 billion takeover bid for US Steel, citing a plan to revive the American steel company through tax incentives and tariffs, despite Nippon Steel's $2.7 billion investment commitment and job security assurances.

Trump to Block Nippon Steel's $15 Billion US Steel Takeover

President-elect Donald Trump announced his intention to block Nippon Steel's $15 billion takeover bid for US Steel, citing a plan to revive the American steel company through tax incentives and tariffs, despite Nippon Steel's $2.7 billion investment commitment and job security assurances.

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What are the immediate economic consequences of blocking Nippon Steel's takeover of US Steel?

President-elect Donald Trump intends to block Nippon Steel's $15 billion takeover bid of US Steel, citing plans to revive the American company through tax incentives and tariffs. He believes US Steel can regain its strength independently. Nippon Steel, however, plans to invest $2.7 billion in US Steel, introducing technological advancements and securing union jobs.

milano.corriere.it

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Dec 3, 12:22

Milan Surpasses Rome in Direct Flights to China, Reflecting Growing Economic Ties

Post-pandemic, Milan's Malpensa airport now boasts direct flights to about 10 Chinese cities, exceeding Rome in this connectivity, driven by business and family travel needs, highlighting intensified economic ties between Italy and China despite global complexities.

Milan Surpasses Rome in Direct Flights to China, Reflecting Growing Economic Ties

Post-pandemic, Milan's Malpensa airport now boasts direct flights to about 10 Chinese cities, exceeding Rome in this connectivity, driven by business and family travel needs, highlighting intensified economic ties between Italy and China despite global complexities.

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What is the impact of the increased number of direct flights between Milan and China?

After the pandemic, China opened up, leading to direct flights between Milan and approximately 10 Chinese cities. This is significant for the large Chinese-Italian community in Milan and boosts business and tourism.

spanish.china.org.cn

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Dec 2, 10:39

US Visa Denials Threaten CES's International Standing

The upcoming CES 2025 in Las Vegas faces unprecedented visa denials for Chinese tech companies, jeopardizing its international standing and highlighting US-China tensions, despite China accounting for over 30% of the 4000 exhibitors.

US Visa Denials Threaten CES's International Standing

The upcoming CES 2025 in Las Vegas faces unprecedented visa denials for Chinese tech companies, jeopardizing its international standing and highlighting US-China tensions, despite China accounting for over 30% of the 4000 exhibitors.

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How does the historical role of Chinese companies in CES, from the 1990s to the present, relate to the current visa issue?

The widespread visa denials to Chinese firms are alarming, even to American organizers. This contrasts with China's significant role in CES, historically and presently as a major producer and consumer of electronics, impacting both US and international businesses.

cnn.com

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Dec 2, 13:10

Trump's Tariffs Could Hike Consumer Goods Prices by 20-40%

President-elect Trump's planned tariff increases on imports from China, Mexico, and Canada could significantly raise consumer prices on electronics, household appliances, and toys by an average of 20-40%, according to analyses by the Consumer Technology Association and the National Retail Federation...

Trump's Tariffs Could Hike Consumer Goods Prices by 20-40%

President-elect Trump's planned tariff increases on imports from China, Mexico, and Canada could significantly raise consumer prices on electronics, household appliances, and toys by an average of 20-40%, according to analyses by the Consumer Technology Association and the National Retail Federation...

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How might businesses and consumers respond to the anticipated tariff increases?

These potential tariff increases would disproportionately impact consumer electronics and household goods, many of which are heavily reliant on Chinese manufacturing. The price increases are projected based on analyses by the Consumer Technology Association and the National Retail Federation, and assume retailers fully pass on increased costs to consumers. Shifting production to other countries is possible but would likely lead to further price hikes.

theglobeandmail.com

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Dec 2, 17:13

Canadian Manufacturers Strategize Amid Trump Tariff Threat

Facing potential US tariffs, Canadian manufacturers are implementing diverse strategies, from building US facilities (Superior Glove Works) to exploring alternative markets (Arctic Snowplows), to mitigate risks and navigate trade uncertainties.

Canadian Manufacturers Strategize Amid Trump Tariff Threat

Facing potential US tariffs, Canadian manufacturers are implementing diverse strategies, from building US facilities (Superior Glove Works) to exploring alternative markets (Arctic Snowplows), to mitigate risks and navigate trade uncertainties.

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What immediate actions are Canadian manufacturers taking to mitigate the potential impact of Trump's promised tariffs?

Canadian manufacturers are preparing for potential tariffs from the incoming Trump administration, with some, like Superior Glove Works, building US facilities to bypass them. Others, such as Arctic Snowplows, are exploring alternative markets to offset potential losses. The impact on small and mid-sized businesses, heavily integrated with the US market, could be significant.

Showing 649 to 660 of 911 results