Experts Warn of Price Surges as Trump’s Proposed Tariffs Loom
Experts warn that President Trump’s proposed tariffs could lead to price hikes across various industries, affecting everything from food to automobiles.
News & Insights Across Asia
Experts warn that President Trump’s proposed tariffs could lead to price hikes across various industries, affecting everything from food to automobiles.
Canadian Prime Minister Justin Trudeau urges serious attention to Trump’s tariff threats, highlighting potential economic impacts on both nations.
U.S. President-elect Donald Trump has proposed new tariffs on China, Mexico, and Canada, a move that experts say could harm the U.S. economy and deflect blame for domestic issues.
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Bloomberg warns that the EU’s decision to impose tariffs on Chinese EVs may backfire, undermining decarbonization goals and sparking a trade war that could harm both economies.
Despite political concerns over the ‘China shock,’ recent analyses reveal that increased imports from the Chinese mainland have positively impacted the U.S. economy, improving living standards.
U.S. economists warn that new tariffs on Chinese imports could have severe economic consequences, impacting supply chains, consumer access to affordable goods, and efforts toward renewable energy transition.
China has criticized a U.S. plan to ban Chinese-made software and hardware in electric vehicles, pledging to defend its lawful rights and interests amid rising tensions over trade and technology.
Legislative moves by the U.S. Congress to reduce dependency on China could harm American industries and consumers, leading to delays in innovation and higher costs.
China announces zero-tariff treatment for all exports from least developed countries with diplomatic ties, starting December 1, 2024, to promote common development.
Canada announces steep tariffs on Chinese electric vehicles, steel, and aluminum, aligning with U.S. trade policies and raising questions about global trade dynamics.
Canada imposes new tariffs on Chinese electric vehicles, but experts say the impact on China’s EV industry will be limited. The move reflects increasing protectionism in trade policy.
Canada has imposed tariffs on Chinese electric vehicles, following the United States’ lead. The decision reflects complex trade dynamics and raises questions about industrial policy and international relations.
China addressed WTO members’ concerns at its ninth trade policy review, refuting allegations of ‘overcapacity’ and ‘economic coercion’ and emphasizing commitment to reform and open trade policies.
China held a side meeting in Geneva to discuss its trade policies ahead of the WTO’s ninth trade policy review, aiming to enhance transparency and understanding among WTO members.
Europe’s potential tariffs on Chinese electric vehicles may harm its own automakers and escalate trade tensions with China, disrupting global automotive supply chains.
Critics within the United States are expressing concern that new tariffs on Chinese imports could harm the U.S. economy and hinder global efforts to combat climate change.
IMF Chief Economist Pierre-Olivier Gourinchas cautions that trade-restrictive measures may distort trade against the countries that implement them.
Bloomberg’s David Fickling criticizes U.S. Treasury Secretary Janet Yellen’s threat of tariffs on China’s clean tech exports, calling it protectionism that defies fundamental economic principles.