Trade
Germany’s Merkel laments influence of big business on Trump
German Chancellor Angela Merkel, on February 14, 2020 in Berlin, Germany. Felix Zahn | Photothek via Getty Images Former German chancellor Angela Merkel has called the influence of tech billionaires such as Elon Musk over U.S. President-elect Donald Trump a “huge concern”. In an interview with the news magazine Der Spiegel published on Friday ahead […]
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Japan exports rise more than expected in October, rebounding from 43-month low
A line of trucks parked outside a shipping terminal in Yokohama, Japan, on Monday, Dec. 4, 2023. Bloomberg | Bloomberg | Getty Images Japan’s exports posted a 3.1% rise in October compared to a year ago, rebounding from a fall in September that marked a 43-month low. The climb beat expectations of a 2.2% rise […]
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During meeting with Biden, China’s Xi cautions the U.S. to ‘make the wise choice’ to keep relations stable
China’s leader Xi Jinping met for the last time with U.S. President Joe Biden on Saturday but was already looking ahead to President-elect Donald Trump and his “America first” policies, saying Beijing “is ready to work with a new U.S. administration.” During their talks on the sidelines of the annual Asia-Pacific Economic Cooperation summit, Xi […]
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U.S. companies could be caught in the crosshairs if China retaliates to fight Trump
With President-elect Donald Trump’s trade and foreign policy team taking a hawkish stance toward China, U.S. companies are increasingly concerned a hard-line approach could stunt their prospects in the world’s second-largest economy – and turn them into targets of Chinese retaliation. Trump has threatened to hit China with at least 60% tariffs and vowed to […]
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Trump tariffs — and possible exemptions — could provide opportunities for Britain
The U.S. Stars and Stripes flag hangs on Whitehall with the figure of Lord Nelson on the top of his column in Trafalgar Square, on 3rd June 2019, in London England. Richard Baker | In Pictures | Getty Images LONDON — President-elect Donald Trump’s proposed trade tariffs could prove a boon for the U.K., with […]
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‘Everyone is calling’: Trump’s tariff threats send U.S. companies scrambling for lobbyists and loopholes
In the days since President-elect Donald Trump won the presidential race, Nicole Bivens Collinson’s phone has barely stopped ringing. Collinson, who helps lead the international trade and government relations division at the lobbying firm Sandler, Travis & Rosenberg, said she is fielding “dozens and dozens and dozens” of calls from anxious U.S. companies looking to […]
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Canada’s Labor Minister ends coast-to-coast port labor turmoil, forcing unions back to work
A Canadian Pacific Railway Co. locomotive pulls a train at the Port of Vancouver in Vancouver, British Columbia, Canada, on Thursday, Aug. 22, 2024. Bloomberg | Bloomberg | Getty Images Canadian Labor Minister Steven MacKinnon has invoked federal powers to end work stoppages at the ports of Vancouver, Prince Rupert and Montreal, ordering binding and final arbitration […]
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Boeing delivers fewest planes in October since 2020, warns factory restart after strike will take weeks
An employee works in the cockpit of a Boeing P-8 Poseidon maritime patrol aircraft on the production line at Boeing’s 737 factory in Renton, Washington, November 18, 2021. Jason Redmond | Reuters Boeing‘s more than 32,000 machinists who were on strike are required to return to their factories no later than Tuesday, but getting factories […]
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‘The market is right’: Former Fed policymaker Mester sees fewer rate cuts next year after Trump’s victory
Federal Reserve chair Jerome Powell speaks during a news conference on Sept.18, 2024 in Washington, DC. Anna Moneymaker | Getty The U.S. Federal Reserve could carry out fewer interest rate cuts than previously expected next year should President-elect Donald Trump’s proposed global tariffs take hold, former Fed policymaker Loretta Mester said Tuesday. Mester indicated that […]
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Elon Musk is no Kissinger, but may help improve U.S.-China relations, experts say
Elon Musk embraces Donald Trump during a campaign rally in Butler, Pennsylvania on Oct. 5, 2024. Anna Moneymaker | Getty Images Elon Musk’s relationship with Donald Trump has fueled expectations that he could soften the U.S. President-elect’s policy stance toward Beijing, but experts caution against putting too much stock into the Tesla CEO. The billionaire […]
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