Category: tariffs
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Research suggests Trump tariffs could hinder U.S. manufacturing investment
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Protectionist trade policies, such as those proposed by Donald Trump, may inadvertently hurt U.S. manufacturing companies by increasing input costs, leading to lower investment, according to a study by the Frankfurt School of Finance and Management. Since tariffs are central to Trump’s economic vision, manufacturers could face higher costs on…
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Beijing complains to WTO about EU’s new EV tariffs
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Beijing announced on Wednesday that it had filed a complaint with the World Trade Organization over the European Union’s decision to impose heavy customs duties on Chinese-made electric cars. The additional taxes of up to 35% were announced on Tuesday after an EU investigation found that Chinese state subsidies were…
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Beijing complains to WTO about EU’s new EV tariffs
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Beijing announced on Wednesday that it had filed a complaint with the World Trade Organization over the European Union’s decision to impose heavy customs duties on Chinese-made electric cars. The additional taxes of up to 35% were announced on Tuesday after an EU investigation found that Chinese state subsidies were…
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Joe Rogan Trump interview: Eliminate income taxes, rely on tariffs
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Former President Donald Trump expressed support for eliminating income taxes and replacing the revenue with tariff receipts. During a three-hour episode of The Joe Rogan Experience Friday nightThe Republican front-runner criticized companies that move production from the United States to other countries and threatened them with huge tariffs. He added…
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Prospects of a Trump win and huge tariffs spark worst sell-off for emerging market stocks in 10 months
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Trump announced that “there will be no third debate” in a post on Thursday.Chip Somodevilla/Getty Images Emerging market stocks are headed for their worst monthly decline since January. This recession comes as Trump’s chances of winning the upcoming US elections increase. Trump pledged to significantly raise tariffs on imports to…
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Why Adani’s power tariffs for homes remain a secret
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Kenyan authorities on Tuesday failed to disclose the proposed tariff that Indian conglomerate Adani Group will impose on households and businesses for building high-voltage power lines, which does not meet legal requirements for full disclosure. The PPP law requires that a government agency sponsoring the deal publish in at least…
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Chinese carmaker GAC looks at making EVs in Europe as tariffs loom By Reuters
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Written by Gilles Guillaume PARIS (Reuters) – Chinese state-owned carmaker GAC is exploring manufacturing electric cars in Europe to avoid EU tariffs, its general manager told Reuters on Sunday, joining a growing list of Chinese companies planning local production. The company is among China’s largest automakers and targets sales of…
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China retaliates against EU tariffs with brandy tax
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China has hit back at the European Union by imposing new taxes on imports of European brandy, a move seen as a response to the EU’s recent imposition of heavy tariffs on Chinese-made electric cars. China’s Ministry of Commerce described the tax as an “anti-dumping” measure aimed at protecting domestic…
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Chinese automakers should be allowed to avert tariffs by investing in EU By Reuters
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FRANKFURT (Reuters) – The European Union should consider adjusting planned tariffs against electric cars made in China to provide allocations for investments in Europe, the CEO of German car maker Volkswagen (ETR) said. “Instead of punitive tariffs, it should be about giving reciprocal credit for investments,” Volkswagen CEO Oliver Blume…
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EU plan to press ahead with China EV tariffs bad for ties and green ambitions -Xinhua By Reuters
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BEIJING (Reuters) – The European Commission’s decision to press ahead with tariffs on Chinese-made electric cars threatens to undermine decades of cooperation between China and the European Union and jeopardize climate change goals, Xinhua news agency said on Saturday. The European Union said on Friday that it would go ahead…
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China urges EU to delay EV tariffs and avoid trade tensions
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Key vote on EU tariffs for Chinese EVs sparks trade contention
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EU governments face a pivotal vote on Chinese electric vehicle tariffs Full story on PiQ Suite European Union members face a pivotal vote on Friday on whether to impose tariffs of up to 45% on imports of Chinese-made electric vehicles in the bloc’s highest-profile trade issue, which threatens retaliation from…
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Key vote on EU tariffs for Chinese EVs sparks trade contention
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EU governments face a pivotal vote on Chinese electric vehicle tariffs Full story on PiQ Suite European Union members face a pivotal vote on Friday on whether to impose tariffs of up to 45% on imports of Chinese-made electric vehicles in the bloc’s highest-profile trade issue, which threatens retaliation from…
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Tariffs to reshape auto supply chains
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Investing.com – The auto sector accounts for about 11% of global trade in manufactured goods, but a storm of rising tariffs is likely to lead to a more complicated trade environment, according to analysts at Bernstein. The automotive industry boasts one of the most complex supply chains in the world,…
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Canada to Hit China With Tariffs on Electric Vehicles, Steel
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Breadcrumbs Path Links PMN Business Canada plans to impose new tariffs on Chinese-made electric cars, aluminum and steel, in a move to back its Western allies and protect domestic manufacturers. Article author: Bloomberg News Brian Platt Published on August 26, 2024 • Read for 3 minutes You can save this…
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Trump threatens hefty tariffs on nations that don’t accept migrants
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Breadcrumbs Path Links news economy Trump vows to complete US border wall and carry out largest deportation in country’s history Article author: Bloomberg News Eliyahu Kamisher Published on August 23, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if…
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China automaker lobby warns of enormous risks and uncertainty from EU tariffs on EVs
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Trump’s promised tariffs could spark trade war, inflation, expert warns
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As the 2024 presidential election approaches, the economic policies of the two main candidates, former President Donald Trump and Vice President Kamala Harris, have come into focus. Vice President Harris was recently criticize Because of her promise to fight “price gouging” by corporations if elected, with some prominent figures Economists…
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How much damage would Trump tariffs do to Europe? By Investing.com
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The potential re-imposition of tariffs by the Trump administration poses a risk to Europe’s economic outlook. According to analysts at Capital Economics, these tariffs could cause significant damage to the European economy, especially by affecting key industries such as car and machinery manufacturing, which rely heavily on exports to the…