Trump’s 60% Tariffs on China: US Economy Faces Severe Setbacks
Trump’s proposed 60% tariffs on Chinese imports could severely impact the US economy, especially in agriculture and fisheries, warns a Peterson Institute study.
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Trump’s Tariffs Pose Threat to Global Trade Stability
Experts warn that President Trump’s potential tariffs on key US trade partners could spark a global trade war, destabilizing international markets.
President Biden Appeals to Trump to Rethink Mexico, Canada Tariffs
U.S. President Joe Biden urges President-elect Donald Trump to reconsider tariffs on Mexico and Canada, emphasizing the importance of maintaining strong alliances.
Decoupling Supply Chains: A Flawed Approach to China-US Trade Relations
Trump’s re-election raises fears of reintroduced tariffs on the Chinese mainland, prompting US importers to accelerate purchases and sparking debates on supply chain decoupling.
APEC Nations Celebrate Continued Decline in Average Tariffs
Since its inception in 1989, APEC has fostered trade liberalization among its 21 members. As leaders gather in Peru for the 2024 Economic Leaders’ Week, average tariffs continue to decline, promoting economic growth across the Asia-Pacific region.
Tariffs: Political Gains, Economic Pain for Americans
Tariffs may boost political agendas, but they impose significant economic burdens on American consumers and businesses, hindering growth and job creation.
Hungary Criticizes EU’s Trade Protectionism: No Benefits, Only Harm
Hungarian official Adam Nagy warns that EU’s trade protectionism brings only harm, with no benefits for consumers or the market.
Chinese Mainland Implements Anti-Dumping Measures on EU Brandy Imports
The Chinese mainland has imposed temporary anti-dumping measures on EU brandy imports and is considering higher tariffs on large displacement fuel-powered cars, impacting trade relations.
NIO’s President Sees Tariffs as Temporary Hurdle for EV Growth
NIO’s president Qin Lihong discusses the impact of current tariffs on vehicle companies at WNEVC 2024, emphasizing that while tariffs won’t last forever, they remain a present challenge.
EU Tariffs on Chinese Electric Cars Heighten Trade Tensions
The EU’s imposition of tariffs on Chinese electric cars has escalated trade tensions, raising fears of a potential trade war and challenging economic cooperation between the two powers.