Trade
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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Trump doubles down on replacing income taxes with tariffs in Joe Rogan interview
Former President Donald Trump stood by his idea to end income taxes and substitute them with tariffs in a Friday interview with Joe Rogan, the host of one of the most widely listened to podcasts in the world. “Did you just float out the idea of getting rid of income taxes and replacing it with […]
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German finance minister warns of retaliation if U.S. kicks off trade war
Christian Lindner, Germany’s finance minister, during a meeting Janet Yellen, US treasury secretary, not pictured, at the annual meetings of the IMF and World Bank in Washington, DC, US, on Thursday, Oct. 24, 2024. Ting Shen | Bloomberg | Getty Images German Finance Minister Christian Lindner on Friday warned that if the U.S. kicked off […]
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‘Made in Mexico’ trade controversy is provoking another kind of border war
Mexico’s robust, and booming, trade with the United States has logistics companies clamoring for a slice of the pie and politicians taking a cautious look at how overseas firms may be using recent North American trade law to circumvent U.S. tariffs. Integrated logistics companies like Maersk are building out their capacity to handle the historic […]
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U.S., China trade tariffs escalating would be ‘costly for everybody,’ IMF deputy director says
An escalation of trade and tariffs tensions between the U.S. and China would have “costly” economic consequences around the world, Gita Gopinath, deputy managing director of the International Monetary Fund told CNBC on Wednesday. “We are seeing geopolitically driven trade around the world, which is why when you look at overall trade to GDP that’s […]
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Trump doubles down on tariff plan that voters hate
Republican presidential nominee and former U.S. President Donald Trump speaks as he visits a campaign office in Hamtramck, Michigan, U.S. October 18, 2024. Brian Snyder | Reuters A majority of voters are less likely to support a candidate who promotes universal tariffs, according to NBC News polling released Sunday, marring a cornerstone economic proposal of […]
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Embraer CEO says jet maker studying possibilities for a new aircraft
Embraer CEO Francisco Gomes Neto speaks during the Embraer Media Day 2022 at the aircraft factory in Sao Jose dos Campos, Brazil, May 30, 2022. Carla Carniel | Reuters Brazilian plane maker Embraer SA is studying the market and new technology that could warrant it building an all-new jet, CEO Francisco Gomes Neto told CNBC. […]
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IMF chief warns ‘not yet time to celebrate’ as low growth and high debt weigh on global economy
The head of the International Monetary Fund cautioned on Thursday that high debt and low growth remained major impediments to the global economy. IMF Managing Director Kristalina Georgieva told CNBC that while notable progress had been made in the global economic recovery, governments had become too accustomed to borrowing, with “anemic growth” adding to the […]
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UK trade deals with India and Gulf nations are ‘the priority,’ business minister says
Secretary of State for Business and Trade and President of the Board of Trade Jonathan Reynolds leaves 10 Downing Street after attending the weekly Cabinet meeting in London, United Kingdom. Wiktor Szymanowicz | Future Publishing | Getty Images LONDON — The U.K.’s business minister said Monday that securing trade deals with India and Gulf nations […]
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