2025-03-04 23:55:09

Trump's Expanding Tariff Strategy Sparks Global Trade Tensions

Donald Trump has escalated his aggressive tariff policy, extending import duties to agricultural products starting April 2. This move is part of a broader strategy that includes tariffs on imports from Canada, Mexico, and China, reflecting a significant shift in US trade policy.

Trump's announcement urges US farmers to increase production for domestic markets, highlighting a push for self-sufficiency. The planned tariffs have raised concerns globally, with the EU, Canada, and Mexico preparing countermeasures.

The European Union, a key target of Trump's policy, has promised a strong response to the imposition of steel tariffs. Meanwhile, China's reaction to increased duties includes necessary counteractions, emphasizing the growing trade tensions.

Despite Trump's rationale of addressing issues like Fentanyl smuggling, the tariffs are poised to increase costs and spark international trade disputes. The impact on global markets and diplomatic relations remains uncertain as countries brace for potential economic repercussions.

AFP
3. März 2025 um 21:50

Trump Announces Tariffs on Agricultural Products Starting in April

Politics
Economy
Environment
Trump announces tariffs on agricultural products, Canada, Mexico, China and the EU. Reciprocal tariffs and 25% tariffs on EU products are planned. The level of tariffs on Canada and Mexico is still unclear. The EU and Mexico have announced countermeasures. Additionally, 25% tariffs will be levied on steel and aluminum imports. Trump calls on US farmers to produce more for the domestic market. Shortly before the China tariffs, Trump announced additional investments by TSMC in the USA.
The Street
5. März 2025 um 12:32

The best American vehicles to buy during Trump's tariffs, recommended by Consumer Reports TheStreet Daily Newsletter

Economy
Politics
Trump has imposed 25% tariffs on imports from Canada and Mexico, and a 10% charge on goods from China, which took effect on February 3 and March 4 respectively, and are expected to increase costs for automakers and lead to higher prices for consumers. The White House administration is currently conducting an analysis of this proposal with plans to be finished by April 1. Consumer Reports (CR) recommends 14 American-branded vehicles, including models from Cadillac, Tesla, Buick, Chevrolet, Ford,..
The Guardian
4. März 2025 um 14:00

Tariffs can help US workers. But Trump’s doing them all wrong

Politics
Economy
Tariffs can be a progressive tool, as demonstrated by Biden's 100% tariff on Chinese electric vehicles to protect US-made EVs. However, tariffs must be combined with strategic investments to rebuild US manufacturing capacity, which has declined since the 1990s. With the right policies, it may be possible to return to 1994 levels of US industrial output, providing family-sustaining jobs and supporting the broader economy.
EuroNews
4. März 2025 um 17:16

Commission touts action plan for steel industry faced with US tariff wall

Politics
Economy
Environment
Finance
The EU will respond firmly to US 25% steel tariffs, which will impact 4 million tons of EU steel exports. The plan, to be presented by VP Stéphane Séjourné on March 19, will review import limits set in 2018, due to end in June 2026, and address unfair global competition, including 27 million tons of diverted steel imports. It will also address high energy costs, green production, and the trade spat initiated during the Trump administration and resolved under Biden.
CW

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