Tag #Trump Tariffs

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Trump's Tariffs Spark Global Trade War Fears

President Trump's new 25% tariff on steel and aluminum imports, coupled with existing tariffs and the threat of reciprocal measures, has shocked global markets and raised concerns about a potential global trade war, impacting various industries and consumers.

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Trump's Ineffective Tariffs on China

President Trump's 10% tariff on Chinese imports, intended to revive US manufacturing, proved ineffective due to the US's economic reliance on high-tech industries and a lack of human capital in other sectors; relocating production to other countries negated the impact, highlighting the need for alte...

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2019 G20 Dinner: US-Australia Trade Tensions

At a 2019 G20 dinner, US trade advisors accused Australia of violating tariff agreements, leading to a tense negotiation where Australia refuted claims with data and offered voluntary export restraints to maintain tariff exemptions.

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Trump Imposes Steel and Aluminum Tariffs, Sparking Economic Concerns

President Trump imposed 25% tariffs on steel and aluminum imports from all countries, effective March, aiming to revive US production, despite economist warnings of widespread negative impacts and potential retaliatory measures from Canada and the EU.

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US-India Trade: Record High Amidst Tariff Tensions

In 2024, US-India bilateral trade reached a record $129.2 billion, with the US importing $45.7 billion more than it exported. While India has not faced US tariffs, potential reciprocal tariffs and India's recent trade policy adjustments are shaping their future trade relationship, with a summit betw...

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Trump's Reciprocal Tariffs: A Steep Price for American Consumers

President Trump plans to implement reciprocal tariffs on goods from nearly every country, potentially raising the US weighted average tariff rate to almost 5% from 1.5%, increasing prices for American consumers due to limited domestic alternatives for many imported goods.

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Davey Urges UK Retaliation Against Potential US Steel Tariffs

Liberal Democrat leader Sir Ed Davey urged the UK to retaliate against potential 25% US tariffs on British steel and aluminum exports starting March 12, contrasting with the government's cautious approach focused on maintaining US relations and a reset with the EU; approximately 10% of British steel...

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EU Threatens Retaliation Against US Tariffs on Steel and Aluminum

US President Trump's 25% tariff on steel and aluminum imports, effective immediately, has sparked strong opposition from the European Union, threatening retaliatory measures and potentially escalating into a trade war.

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Trump Tariffs Have Little Impact as European Markets Soar

Despite President Trump imposing 25% tariffs on steel and aluminum imports, major European stock market indices reached new highs on Tuesday, with the DAX up over 10% year-to-date, outperforming the US Nasdaq, while the European Commission announced a €200 billion investment in AI.

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Trump Tariffs Send Gold Prices Soaring to Record High

President Trump's newly reinstated 25 percent tariffs on steel and aluminum imports from all countries caused the price of gold to hit a record high above $2,942 per ounce on Tuesday, reflecting investor anxieties about economic uncertainty.

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South Korea Slashes Growth Forecast Amid Trump Tariffs and Political Turmoil

South Korea's KDI slashed its 2025 economic growth forecast to 1.6% due to President Trump's expanding tariffs and the country's political instability following President Yoon Suk Yeol's impeachment and brief martial law imposition in December, impacting exports and domestic demand.

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politico.eu
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Trump's Steel Tariffs Threaten UK Steel Exports

President Trump imposed a 25 percent tariff on steel and aluminum imports to the U.S. with no exceptions, impacting the UK which exports £400 million worth of steel annually to the U.S. The UK is seeking an exemption, highlighting the vulnerability of its steel industry and broader trade relations.

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