Tag

Us Tariffs

All articles tagged with #us tariffs

international-relations9 days ago•3 min saved

EU and Canada Draft Sweeping 'Associate Member' Pact to Counter US Trade Leverage

The EU and Canada are preparing to announce a historic 'associate member' partnership at a late-October summit in Montreal, moving beyond the existing CETA trade deal. The draft agreement, leaked to Politico, covers critical minerals, defense, AI, and wildfire response, aiming to reduce mutual dependence on the US and China. However, the move has triggered threats from Washington to impose EU-style tariffs on Canada, while legal experts debate whether such a shift violates existing US-Canada trade agreements.

via Euronews.com|

#ceta #eu-canada-summit #international-relations

global-economy9 days ago•0 min saved

G20 Trade Ministers Reach Limited Consensus Amid Tariff Tensions

At the G20 trade meeting in Milwaukee, the U.S. secured limited consensus on condemning the weaponization of food trade, while broader efforts to address Chinese manufacturing and forced labor failed. Although allies agree on the need to curb excess capacity, they remain divided by U.S. tariffs that impose significant costs on their own economies.

via Politico|

#economic-resilience #g20-trade #global-economy

international-relations10 days ago•1 min saved

EU and Canada Draft Sweeping Pact to Hedge Against US Trade Pressure

The EU and Canada are preparing to announce a comprehensive new partnership at a summit in Montreal on October 29. A draft joint statement obtained by Politico outlines deepening ties in critical minerals, energy, defense, and technology, including a joint purchase of 50 water bombers for wildfire response by 2030. The move follows European Commission President Ursula von der Leyen’s proposal to make Canada the EU’s first 'associate member,' a status that remains legally undefined but aims to reduce Canada’s reliance on the United States amid ongoing trade tensions.

via politico.eu|

#critical-minerals #eu-canada-partnership #international-relations

economy11 days ago•128 min saved

Stelco cuts 500 jobs in Ontario as Carney vows to enforce acquisition terms

Stelco is idling operations in Hamilton and Nanticoke, laying off up to 500 workers, citing U.S. tariffs and weak demand. Prime Minister Mark Carney called the move a betrayal and vowed to use all legal powers to enforce the employment commitments Cleveland-Cliffs made when it acquired Stelco in 2024.

via AP News|

#cleveland-cliffs #economy #hamilton

world23 days ago•2 min saved

India warns US tariffs on Russian oil could strain bilateral ties

India warned that new US tariffs on Russian oil, tied to a sweeping sanctions bill moving through Congress, could affect bilateral ties. New Delhi says it will protect its energy security and trade interests while engaging with Washington to mitigate implications for its huge oil imports and the broader energy market.

via Al Jazeera|

#bilateral-relations #india #russian-oil

international-trade1 month ago•8 min saved

Canadians pivot to Canadian goods as US tariffs reshape everyday life

Canadians report a broad shift away from US products and services amid trade tensions and tariffs, choosing Canadian groceries, technology, travel, and entertainment; thousands shared how their daily routines have changed, signaling a possible lasting reorientation of consumer behavior and economic ties.

via The Guardian|

#boycott #canada #consumer-behavior

business9 months ago•5 min saved

Amazon pushes supplier discounts as tariffs face Supreme Court review

Amazon is pressing suppliers to cut what it pays for tariffed goods, reversing last year’s concessions and asking them to shoulder tariff duties and marketing costs, with negotiations accelerated ahead of a Supreme Court ruling on the legality of Trump-era tariffs.

via Financial Times|

#amazoncom #business #global-trade

world9 months ago•2 min saved

US reduces proposed tariffs on Italian pasta

The US has significantly reduced proposed tariffs on Italian pasta imports from nearly 92% to as low as 2.26% for some companies, following negotiations with Italian firms, avoiding steep price hikes for US consumers and easing political tensions.

via bbc.com|

#import-taxes #italian-pasta #trade-dispute

world9 months ago•1 min saved

U.S. Reduces Proposed Tariffs on Italian Pasta

Italy announced that the US has significantly reduced proposed tariffs on Italian pasta companies after a review, with tariffs for La Molisana and Garofalo notably lowered, reflecting a recognition of cooperation. The original threat of high tariffs was an embarrassment for Italy, which exports over 4 billion euros worth of pasta annually, with the US market being a significant part.

via CNBC|

#italy #italy-us-relations #pasta

business9 months ago•4 min saved

Canada's 'Man of Steel' Advocates for US-Style Protectionism

Canadian steel industry leaders, including billionaire Barry Zekelman, are calling for aggressive protectionist measures and the termination of trade agreements to shield against US tariffs and Chinese steel dumping, warning that without such actions, Canada's steel sector could be devastated by US policies and global overcapacity.

via Financial Times|

#business #canada #protectionism

business9 months ago•2 min saved

Consumer Confidence Hits Lowest Since April Amid Economic Concerns

In December, US consumer confidence dropped to its lowest level since the rollout of tariffs, driven by concerns over high prices, inflation, and the impact of tariffs, despite some optimism about future financial prospects. The survey indicates ongoing economic uncertainty, with declining perceptions of the job market and current financial situation, amid mixed economic data showing growth in the third quarter but sluggish outlook for the fourth.

via ABC News|

#business #consumer-confidence #economic-outlook

world9 months ago•1 min saved

2025 in Review: Trump's Impact on Foreign Policy and International Order

The article discusses a year of challenges to the rules-based international order during Trump's presidency, highlighting his trade war and tariff policies, and their implications for global politics and economics.

via Financial Times|

#international-order #policy #trade-war

business9 months ago•1 min saved

India's exports surge amid US and China trade dynamics

India's goods exports increased by 19% in November despite U.S. tariffs, with exports to the U.S. rising 22.6%, and the trade deficit shrinking significantly, reflecting resilience and diversification in India's external trade.

via CNBC|

#business #electronics #india-exports

business10 months ago•4 min saved

US Cuts South Korea Tariffs, Boosting Hyundai, GM, and Market Confidence

The U.S. has reduced tariffs on South Korean vehicles from 25% to 15%, benefiting automakers Hyundai and GM by lowering costs and boosting imports, with Hyundai aiming to increase local production in the U.S. and GM continuing to import significant numbers of vehicles from South Korea.

via CNBC|

#automotive #business #gm

business11 months ago•5 min saved

China's Exports Decline Amid U.S. Tariffs and Falling Prices

China's exports declined by 1.1% in October, the worst since February, mainly due to the fading effect of front-loading US-bound goods before tariffs increased, highlighting the country's reliance on US demand and the impact of global economic slowdown. Despite a temporary trade truce, US tariffs remain high, and domestic demand is weak, prompting China to focus on boosting internal consumption and diversifying trade relations.

via Reuters|

#business #china-exports #domestic-demand