Tuesday, 11 August 2020 12:12

Episode 9 (Insurance)- NFME Webinar Series "Tailoring a New Reality- Employer's Dialogue"

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  • Comment Link Michaelmen Tuesday, 06 May 2025 01:50 posted by Michaelmen

    How Trump changed his mind on tariffs

    +2
    Peter Nicholas, Garrett Haake and Carol E. Lee
    Reporting from Washington
    mgmarket4.at
    “Liberation Day” gave way to Capitulation Day last night.

    President Donald Trump pulled back yesterday on a series of harsh tariffs targeting friends and foes alike in an audacious bid to remake the global economic order.

    Image: President Donald Trump
    Saul Loeb / AFP - Getty Images
    Trump’s early afternoon announcement followed a harrowing week in which Republican lawmakers and confidants privately warned him that the tariffs could wreck the economy. His own aides had quietly raised alarms about the financial markets before he suspended a tariff regime that he had unveiled with a flourish just one week earlier in a Rose Garden ceremony.
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    32m ago / 12:55 PM GMT+3
    Sharesocial share icon trigger
    China's foreign ministry calls the U.S. a '21st century barbarian'

    Peter Guo

    Reporting from Hong Kong

    China's public language on its trade war with the U.S. has become increasingly bellicose and took a new turn today when Beijing's foreign ministry said the Trump administration's tariffs have made the U.S. a “barbarian of the 21st century.”

    Trump’s tariffs will “never America great again” ministry of foreign affairs spokesperson Huang Jingrui, wrote in an open letter today in Hong Kong’s newspaper South China Morning Post.
    mg2.at
    “A tariff-wielding barbarian who attempts to force countries to call and beg for mercy can never expect that call from China,” Huang said, adding that the U.S. is “obsessed with the art of bullying and blackmailing the entire world.”

    47m ago / 12:40 PM GMT+3
    Sharesocial share icon trigger
    EU welcomes 90-day tariff pause

    Peter Guo

    The EU President Ursula von der Leyen said today that the region welcomes Trump’s announcement to pause tariffs for 90 days.

    Von der Leyen said the EU remains “committed to constructive negotiations” with the U.S., according to a statement from her office.

    Meanwhile, Europe continues to focus on diversifying their trade partnerships, engaging with countries that account for 87% of global trade, she said.

    Trump’s tariffs have shown that the European internal market is the region’s “anchor of stability and resilience” in times of uncertainty, von der Leyen added.

    1h ago / 12:27 PM GMT+3
    Sharesocial share icon trigger
    Trade war with China 'to spark a wave of smuggling'

    Peter Guo

    Reporting from Hong Kong
    mgmarket4.at
    Irregular trade including smuggling will most likely rise amid the U.S.' and China's tit-for-tat tariffs, an economist warns.

    The cost of tariffs has become “prohibitive to almost every company,” Tianchen Xu, senior economist at Economist Intelligence Unit.

    “As a result, trade flows in both directions will tumble, and irregular trade will proliferate, including smuggling, transshipment and systemic under-reporting of trade value during customs clearance,” Xu said in a note.

    Xu said trade negotiations and a partial de-escalation in the ongoing trade war may ensue in the coming months, but those tensions are likely to worsen in the short term between the world’s two largest economies.

    1h ago / 12:09 PM GMT+3
    Sharesocial share icon trigger
    California plant business owner says costs will double with tariffs

    Gadi Schwartz and Phil Helsel
    The owner of a California home decor and plant shop said that even in dealing locally, the sourcing of goods from China is impossible to avoid.
    mg3ga at

    https://http-mgmarket4-at.ru

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