Category: tariffs
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How inflationary are Trump’s tariffs? By Investing.com
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Trump’s proposed tariff policies could have a significant impact on U.S. inflation, according to a report from Standard Chartered Bank (OTC:) on Wednesday. The Trump-Vance card calls for a 60% tariff on all Chinese goods and a 10% tariff on goods from the rest of the world, raising the average…
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Trump tariffs at 60% would slam China’s economy, UBS says
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Republican presidential candidate Donald Trump has said he could impose a 60% tariff on Chinese imports if he returns to the White House, and a new analysis predicts that would significantly slow the world’s second-largest economy and push it to the brink of recession. Given the effects of Trump’s tariffs…
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Deutsche Bank says Trump presidency + China tariffs = EUR/USD @parity
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In an interview with Bloomberg TV, Deutsche Bank’s George Saravelos spoke about the main point he made in his talk about the euro: “Imagine a situation where the US erects a massive tariff wall against China.” “All these Chinese goods will have to be diverted to other markets including Europe,…
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China autos group ‘strongly dissatisfied’ with EU anti-subsidy tariffs By Reuters
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SHENZHEN, China (Reuters) – China’s auto industry association said in a statement on Saturday it was “strongly dissatisfied” with anti-subsidy tariffs proposed by the European Union. The European Automobile Manufacturers’ Association said in a post on Chinese messaging app WeChat that manufacturers had cooperated with the European Commission’s investigation into…
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China cognac probe is a reaction to EU car tariffs, says Hennessy owner LVMH By Reuters
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AIX-EN-PROVENCE, France (Reuters) – China’s investigation into dumping in Europe’s cognac industry is a tit-for-tat response to European Union tariffs on Chinese electric cars, the chief financial officer of Hennessy cognac owner LVMH said on Saturday. China on Friday announced plans to hold a hearing on European brandy imports, escalating…
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EU governments hesitant on Chinese EV tariffs as trade spat escalates By Reuters
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By Philip Blenkinsop and Nick Carey BRUSSELS/LONDON (Reuters) – European Union countries are dithering over whether to back additional tariffs on Chinese-made electric cars, highlighting the challenge Brussels faces in rallying support for its biggest trade case yet as Beijing threatens broad retaliation. Germany, whose automakers made a third of…
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Tariffs is the election-relation risk to US stocks: Goldman Sachs By Investing.com
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Strategists at Goldman Sachs highlighted the potential impact of tariffs on US companies doing business abroad as the US election campaign gains momentum. According to the investment bank giant, tariffs can significantly impact the performance of stocks with high exposure to international revenues. “Tariffs will create headwinds to the performance…
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Volvo is moving EV production from China to Belgium as the EU eyes tariffs on Beijing
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Volvo Cars has begun shifting manufacturing of Chinese-made electric cars to Belgium, as the European Union prepares to impose tariffs on electric cars made in China, The Times reported. In addition to moving production of the Volvo EX30 and EX90 models to Belgium, the automaker may also move assembly of…
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Volvo shifting EV production to Belgium to evade China tariffs, The Times reports By Reuters
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(Reuters) – Volvo Cars has begun moving production of Chinese-made electric cars to Belgium in the hope that the European Union will press ahead with a crackdown on Beijing-backed imports, The Times newspaper reported on Saturday. The newspaper, quoting informed sources in the company, said that Volvo, whose majority shares…
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electric vehicle tariffs are a trap By Reuters
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Written by Joseph White and Christoph Stetz MUNICH (Reuters) – Stellantis (NYSE:) expects a big fight with Chinese rivals in the European electric vehicle market and expects serious consequences as a result, group CEO Carlos Tavares said on Wednesday. Tavares said tariffs on Chinese cars imported into Europe and the…
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Joe Biden will double, triple and quadruple tariffs on some Chinese goods, with EV duties jumping to 102.5% from 27.5%
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President Joe Biden will double tariffs on some Chinese goods this week, unveiling the measures at a White House event framed as a defense of American workers, people familiar with the matter said. Biden will raise or add tariffs in key sectors after nearly two years of review. The total…