2025-03-14 13:29:11

Trade Tensions Escalate Amid US Tariff Impositions

Image courtesy of : AFP (ANDREW HARNIK)

The recent announcement of US tariffs on steel and aluminum imports has sparked significant criticism and retaliatory measures. French Finance Minister Eric Lombard has labeled these tariffs as part of an "idiotic war," emphasizing the escalating tensions between the United States and its trade partners. This move by President Trump is seen as a negotiation tactic, yet it risks broader economic repercussions.

In response to the 25% tariffs, the European Union has planned countermeasures, targeting American products like jeans, whiskey, and motorcycles. These retaliatory tariffs are designed to impact Republican-led states and reflect previous measures taken during Trump's first term. The EU's actions are part of a broader strategy to counterbalance the economic impact of US policies.

European Central Bank President Christine Lagarde warns that these trade conflicts pose a threat to the global economy, particularly affecting the US. She highlights the potential for increased prices and reduced export competitiveness for American businesses. The French Central Bank Chief echoes these concerns, likening the situation to a damaging global economic game.

Businesses like Tesla have also voiced concerns, citing increased costs and weakened competitiveness due to these tariffs. The broader economic impact is already visible, with fluctuations in markets and investor uncertainty.

Overall, the imposition of these tariffs has initiated a complex economic standoff, with potential long-term consequences for international trade relations. As diplomatic efforts continue, the focus remains on mitigating the adverse effects of this escalating trade war.

focus
14. März 2025 um 09:59

"Tragedy for US Economy" - French Central Bank Chief Criticizes Trump's Tariff Policy

Politics
Economy
The French central bank chief Francois Villeroy de Galhau sharply criticizes the economic policy of US President Trump as a "global monopoly game", in which the United States tries to earn rent by acquiring properties from opponents. His German colleague Joachim Nagel describes the measures of the US government as "from the economic horror cabinet". Trump threatens with a 200% tariff on wine, champagne and other alcoholic beverages from France and the EU. Villeroy sees US policy as a tragedy for..
The Guardian
14. März 2025 um 10:00

‘We’re ground zero’: Canada steel town is frontline of Trump’s tariff trade war

Politics
Economy
Canadian leaders meet with Trump's combative commerce secretary Howard Lutnick, while BC Hydro excludes Tesla from its electric vehicle charger rebate program in retaliation for the US tariffs.
EuroNews
14. März 2025 um 09:31

Lagarde Warned That Trump's Trade Wars Will Deal a Heavy Blow to the Economy

Economy
Politics
ECB President Lagarde warned that global growth and inflation would be harmed due to Trump's threats of trade wars. Lagarde stated that protectionist measures would harm all parties and called for dialogue.
gmx
14. März 2025 um 09:15

Tesla warns US government of severe consequences of Trump tariffs

Economy
Politics
Finance
Tesla warns the US government of negative consequences of the Trump tariffs; additional tariffs have increased costs and weakened competitiveness; companies are affected by retaliatory measures in trade wars; components and raw materials have to be sourced partially from abroad.
DER SPIEGEL
14. März 2025 um 10:27

Christine Lagarde: EZB-Präsidentin sieht globalen Handelskrieg als Gefahr für die USA - DER SPIEGEL

Politik
Wirtschaft
Laut EZB-Präsidentin Lagarde würde ein Handelskrieg zwischen Trump und der EU vor allem die USA schädigen. Die EU reagierte mit Gegenmaßnahmen auf US-Zölle, woraufhin Trump mit Zöllen auf Produkte wie Champagner drohte. Lagarde sieht im Konflikt eine Chance für die "europäische Energie". Studien zeigen, dass Trumps Zölle die Preise in den USA erhöhen und die US-Exporte senken würden. Frankreichs Finanzminister Lombard nannte einen solchen Handelskrieg "idiotisch". Laut Lagarde verursachen Trumps..
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.news

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!