Trade
Trump’s proposed tariffs could raise prices for consumers and slow spending
Shoppers walk through the Fashion Centre at Pentagon City, a shopping mall in Arlington, Virginia, February 2, 2024. Saul Loeb | Afp | Getty Images For retailers and consumers finally feeling some relief from inflation, President-elect Donald Trump’s tariffs proposal introduces fresh uncertainty around how prices could change during his presidency, analysts said Wednesday. Trump, […]
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Foreign automaker stocks slide on Trump tariff fears
Republican presidential nominee and former U.S. President Donald Trump speaks during a campaign town hall meeting, moderated by Arkansas Governor Sarah Huckabee Sanders, in Flint, Michigan, U.S., September 17, 2024. Brian Snyder | Reuters DETROIT — Stock prices of foreign automakers, including Chinese and German manufacturers, fell sharply on Wednesday amid concerns the U.S. will […]
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Trump vow on new trade war sends shockwaves through supply chain, importers scramble to move up orders
Retailers and manufacturing companies have been increasingly calling logistics partners, both in the days leading up to presidential election and on Election Night, about “front loading” shipments ahead of any changes in tariff policy to be pursued by President-elect Donald Trump, who campaigned on an aggressive expansion of existing U.S. tariffs on cross-border trade. Trump […]
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Trump’s tariffs could trigger ‘dramatic’ price spikes on clothes, furniture, warns retail group
People shop in an Abercrombie & Fitch store in midtown Manhattan on October 24, 2024 in New York City. Spencer Platt | Getty Images Former President Donald Trump’s universal tariff proposals could cause prices to skyrocket on clothing, toys, furniture, household appliances, footwear and travel goods, according to a new report from the National Retail […]
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Labor strikes shut down operations at Canada’s container ports from East to West Coast, with U.S. trade left in limbo
Key ports on Canada’s West Coast, including its largest container port in Vancouver and the Port of Prince Rupert, were shut down by a labor strike on Monday. The International Longshore and Warehouse Union Ship & Dock Foreman Local 514 began striking on Monday morning, stopping containers and cargo immediately. According to the Greater Vancouver Board […]
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China’s Premier Li Qiang to speak at import expo in Shanghai
Li Qiang, China’s premier, delivers a special address on the opening day of the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. Bloomberg | Bloomberg | Getty Images China’s Premier Li Qiang will deliver remarks at the opening ceremony of this week’s China International Import Expo, the Chinese commerce ministry said on Sunday, […]
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ASEAN continues to emerge as a winner of U.S.-China trade tensions, IMF says
The Association of Southeast Asian Nations (ASEAN) has continued to emerge as an economic winner of increasing geopolitical tensions between China and the United States, though risks from fragmentation remain, the International Monetary Fund (IMF) says. According to the U.N. agency, the region has long benefited from decades of globalization, building strong trade links with […]
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Europe prepares for ‘America First’ push no matter who wins the U.S. election
Former President Donald Trump and Vice President Kamala Harris are shown on screen during a debate watch party at the Cameo Art House Theatre in Fayetteville, North Carolina, on Sept. 10, 2024. Allison Joyce | Bloomberg | Getty Images European politicians and policymakers are busy preparing for more American protectionism regardless of who emerges as […]
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China ‘does not agree or accept’ the EU’s EV tariffs, says negotiations are still ongoing
Aerial photograph shows electric cars for export stacked at the international container terminal of Taicang Port in Suzhou, in China’s eastern Jiangsu Province. The EU and China have reportedly agreed to start talks on the planned imposition of tariffs on Chinese-made EVs. Str | Afp | Getty Images China’s commerce ministry said it “does not […]
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Elon Musk, Trump allies say his tariff plans could cause short-term pain for consumers
Tesla and SpaceX CEO Elon Musk speaks at a rally for former US President and Republican presidential candidate Donald Trump at Madison Square Garden in New York, October 27, 2024. Angela Weiss | Afp | Getty Images Former President Donald Trump’s top allies and surrogates, like Tesla CEO Elon Musk appear to accept that the […]
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