DIRS.INFO The most relevant business & tech news

☆ Asia markets to open mixed following losses on Wall Street: Japan trade data in focus
▼ + stars: | 2024-12-18 | by ( Dylan Butts | ) www.cnbc.com time to read: 1 min

Containers at a shipping terminal in Yokohama, Japan on Oct. 18, 2021. Japan's trade deficit surged in September as imports overwhelmed export growth. Asia-Pacific markets are set to open mixed on Wednesday, following losses on Wall Street that saw the Dow Jones Industrial Average tumble for a ninth straight day. Investors in Asia will assess trade data out of Japan, which will be released later in the day, ahead of a Bank of Japan rate decision this week. The country's exports are expected to have increased 2.8% in November year-over-year according to economists polled by Reuters.

Persons: Australia's Organizations: Dow Jones, Investors, Bank, Japan, Reuters, Imports, Nikkei Locations: Yokohama, Japan, Asia, Pacific, Chicago, Osaka

☆ China signals readiness to mend ties with U.S. ahead of Trump inauguration
▼ + stars: | 2024-12-13 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +4 min

U.S. President Donald Trump, right, and Xi Jinping, China's president, walk past members of the People's Liberation Army (PLA) during a welcome ceremony outside the Great Hall of the People in Beijing, China, on Thursday, Nov. 9, 2017. During his election campaign, Trump had threatened to impose tariffs in excess of 60% on China. Earlier this month, the Joe Biden administration announced broader restrictions on U.S. exports of advanced memory chips and chipmaking machineries to Chinese companies. President Xi reiterated on Tuesday that he had "full confidence" to achieve this year's growth target, calling the country "the biggest engine of world's economic growth." Overtures but not capitulationEarlier this week, CBS reported that Trump had invited the Chinese leader to attend his inauguration next month.

Persons: Donald Trump, Xi, Qilai Shen, Xi Jinping, Kenneth Jarrett, Jarrett, Shen Meng, Trump, Joe Biden, machineries, Daniel Balazs, Sam Radwan, Derek Scissors, Gabriel Wildau, Teneo Organizations: People's Liberation Army, PLA, of, People, Bloomberg, Getty, U.S, U.S ., China Business Council, Albright, Trump, America, Chanson, Rajaratnam, of International Studies, Nvidia, CNBC, CBS, American Enterprise Institute Locations: Beijing, China, U.S, Washington

☆ China's exports saved its economy this year, but the growth spurt is already slowing before Trump takes office
▼ + stars: | 2024-12-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

China's exports grew 6.7% in November, hitting $312 billion, despite economic challenges. The growth reverses last year's decline, driven by strong global demand and frontloaded orders. It's been a difficult year for China's economy, but the country is still expected to hit its GDP growth target, thanks to strong global demand for its exports. AdvertisementIn November, China's exports grew 6.7% from a year ago to $312 billion — the highest level since September 2022, per official data released on Tuesday. However, given that China's exports in November were strong due to stockpiling, its upside could be short-lived — especially as global demand slows.

Persons: It's, Donald Trump's, Lynn Song, Trump, Trump's, Ting Lu, Lu Organizations: Trump, BofA Securities, ING, Beijing, —, Economic Work, Xinhua, Markets Locations: Beijing, China, Xinhua

☆ China's November imports post surprise drop; sharpest decline in 14 months
▼ + stars: | 2024-12-10 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

Analysts had expected imports to grow 0.3%. Exports rose 6.7% in U.S. dollar terms from a year ago, sharply lower than the 12.7% growth in the previous month. Analysts in a Reuters poll had expected exports to climb 8.5% from a year ago in November. The country's rare earths imports declined over 20% from the year before to 11,327 tons. The country announced a new policy in July to step up its oversight of the domestic rare earths industry over national security concerns.

Persons: Huang Organizations: Qingdao Port, Capital Economics, Union and Association of Southeast, Nations, ASEAN, European Union Locations: Qingdao, China, Russia

☆ Far from a bazooka, China's stimulus measures are just trickling through the economy
▼ + stars: | 2024-12-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Growth in pockets from real estate to manufacturing has improved since Beijing began announcing stimulus measures in late September. China's latest efforts to kickstart growth haven't had a broad impact yet, data and company earnings show, indicating the world's second-largest economy won't be roaring back soon. The ramp-up in stimulus measures is aimed at reaching this year's official target of around 5%, and a similar pace next year — while preventing financial instability, Gabriel Wildau, managing director at Teneo, said in a note Monday. "Looking ahead, our sources expect that stimulus in 2025 will trickle out incrementally and in a data-dependent fashion," Wildau said. "Beijing's stimulus measures encouraged firms to come off the sidelines this month," the report said.

Persons: Tencent, Shaohui Chen, haven't, Gabriel Wildau, Wildau, Wang Zhe, Wang, Donald Trump Organizations: Beijing, Companies, PMI, Caixin Insight, China's Ministry of Finance Locations: China

☆ Hard for Indian Rupee to stay strong if Yuan depreciates due to tariff
▼ + stars: | 2024-12-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt will be hard for Indian Rupee to stay strong if Yuan depreciates under tariff pressureJae Lee from TCW Group says investors need to differentiate winners and losers in emerging markets amid on-going U.S.-China trade tensions. That means look for markets that can compete with China for U.S. imports and markets that can compete with the U.S. for China imports.

Persons: Yuan, Jae Lee Organizations: TCW Group, U.S Locations: China, U.S

☆ Canada's Trudeau meets with Trump in Mar-a-Lago amid tariffs threat
▼ + stars: | 2024-11-30 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +2 min

Canadian Prime Minister Justin Trudeau is in Florida to meet with Donald Trump just days after the president-elect threatened to impose a 25% tariff on Canadian goods. Trudeau’s plane landed Friday evening at Palm Beach International Airport, which is used by Trump when he travels to his Mar-a-Lago estate. Canadian Prime Minister Justin Trudeau. David Kawai / Bloomberg via Getty ImagesThe two men spoke on the phone earlier this week after Trump announced his tariff plan. Trump has frequently promised to implement more tariffs during his campaign, especially on China.

Persons: Justin Trudeau, Donald Trump, David McCormick, Donald Trump Jr, Kimberly Guilfoyle, Trump, Trudeau, Doug Burgum, David Kawai, ” Trump, Joe Biden, ” Biden Organizations: Canadian, Palm Beach International Airport, Trump, Pennsylvania, North, Bloomberg, Getty, U.S . Trade, U.S Locations: Florida, Lago, North Dakota, Mexico, Canada, U.S, China

President Joe Biden on Thursday criticized President-elect Donald Trump's announcement that he will implement 25% tariffs on Canada and Mexico, saying the comments were "counterproductive." "I hope he rethinks it, and I think it's a counterproductive thing to do," Biden said, responding to a reporter's question about his reaction. Trump said Monday on Truth Social that one of his first executive orders would be to hit Mexico and Canada with a blanket 25% tariff. Mexico and Canada are the second and third top suppliers of goods to the U.S., according to the Office of the U.S. Trade Representative. "In our conversation with President Trump, I explained to him the comprehensive strategy that Mexico has followed to address the migration phenomenon, respecting human rights,” she said in Spanish on X.

Persons: Joe Biden, Donald Trump's, Biden, Trump, Claudia Sheinbaum, ”, Justin Trudeau Organizations: U.S . Trade Representative Locations: Canada, Mexico, Nantucket , Massachusetts, U.S, China, United States

The tariffs would be a significant escalation of Trump’s previous proposal, which was already a major increase on more targeted tariffs enacted during Trump’s first administration and kept in place by President Joe Biden. Canada is similarly considering its own options, including possible tariffs on U.S. goods, according to The Associated Press. America’s biggest import from Canada is oil — and any increase in energy prices would likely be felt throughout the economy. And in her statement reacting to Trump’s posts, Mexico’s Sheinbaum stated caravans of migrants were no longer reaching the border. And now he’s talking about tariffs to punish Mexico and Canada for not enforcing drugs and migrants across the border.

Persons: Donald Trump, Trump, Trump’s, Joe Biden, Claudia Sheinbaum, ” Ernie Tedeschi, Biden, Corie Barry, “, ” Barry, ”, Kayleigh McEnany, Dan Crenshaw, doesn’t, Steve Forbes, Mexico’s Sheinbaum, Douglas Irwin, mingles, you’re, ” Irwin Organizations: Yale, NBC News, Associated Press, America’s, Canada —, NBC, National Retail Federation, ”, Trump, ” Fox News, Fox News, Centers for Disease Control, U.S . Drug, Administration, U.S . Customs, Border Patrol, Dartmouth University Locations: Mexico, Canada, U.S, China, Texas

Beer is included in those categories and a huge share of American drinkers could face higher costs too, given the popularity of Corona and Modelo, the latter of which is now the No. Trump has insisted that countries of origin would pay the cost of any tariffs his administration seeks to impose. In a new note, analysts at Goldman Sachs estimated Trump's latest plans would cause inflation to increase by nearly 1%. In an interview with CNBC last week, the chief financial officer of Walmart said the big-box giant was bracing for potentially higher prices for its customers. But there probably will be cases where prices will go up for consumers.”

Persons: Donald Trump, Trump, Goldman Sachs, China —, ” John David Rainey, ” Organizations: University of California, U.S, UC Davis, Corona, Modelo, Goldman, Trump, CNBC, Walmart Locations: Mexico, Davis, U.S, China

☆ Automaker shares fall as Trump threatens 25% tariff on Mexico and Canada
▼ + stars: | 2024-11-26 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Jorge Duenes | REUTERSDETROIT – Shares of automakers General Motors and Stellantis fell Tuesday morning after President-elect Donald Trump threatened to put 25% tariffs on goods imported from Canada and Mexico into the U.S. UBS reports the automotive industry is responsible for 26% of imports from Mexico to the U.S., including vehicles and parts, and 12% from Canada. Nearly every major automaker operating in the U.S. has factories in Mexico, however GM and Stellantis produce highly profitable full-size pickup trucks there. Shares of Toyota Motor, Honda Motor and others with production in Mexico also were down at least 1%. Trump announced he intends to levy a 25% tariff on all U.S. imports from Canada and Mexico using an executive order when he is inaugurated on Jan. 20.

Persons: Jorge Duenes, Stellantis, Donald Trump, Trump Organizations: Toyota, REUTERS DETROIT –, General Motors, American Free Trade, UBS, GM, Barclays, Ford, Chrysler, Ford Motor, Toyota Motor, Honda Motor, North American Free Trade, American Automotive Policy Council Locations: U.S, Tijuana , Mexico, Canada, Mexico, United States

☆ TJ Maxx says Trump’s tariff ‘chaos’ will help the chain
▼ + stars: | 2024-11-22 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

But TJ Maxx believes that Trump’s tariff plans will benefit the discount chain. TJX, the parent company of TJ Maxx, Marshalls and HomeGoods, said Wednesday that the “chaos” Trump’s tariffs may bring to the retail industry plays right into its business model. Tariffs are taxes placed on imported goods designed to protect domestic manufacturers. Unlike most brands and retailers, TJX says it only imports a small, undisclosed percentage of its merchandise from factories overseas. “In other words, even if prices do generally rise because of tariffs, TJX will still be relatively cheaper.”

Persons: Donald Trump’s, TJ Maxx, it’s, ”, Ernie Herrman, ” “ That’s, TJX, Trump, Herrman, Lowe’s, Steve Madden, John David Rainey, ” Neil Saunders Organizations: New, New York CNN — Companies, Marshalls, Companies, National Retail Federation, “ Manufacturers, Peterson Institute for International Economics, Walmart, CNBC, GlobalData, CNN, “ Locations: New York, HomeGoods, East, China, TJX

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy U.S. fruit and vegetable farms are decliningOver the past few decades, fruit and vegetable production as well as the number of farms producing them are on a decline in the U.S. At the same time, the U.S. is prioritizing commodities like corn and soybeans which support livestock and fuel production, rather than human consumption. Americans are increasingly getting their produce from overseas. In 2021, U.S. imports of fresh fruit and vegetables accounted for 60% and 38% of total U.S.' supply.

Locations: U.S

☆ Why the U.S. is growing less food
▼ + stars: | 2024-11-22 | by ( Natalie Rice | ) www.cnbc.com time to read: +3 min

Fruit production is down nearly 36% in 2024 from 2003, while vegetable production is down 6.3%, according to the USDA. Imports make up a growing share of fresh produce availability, with 60% of the total fruits and 38% of vegetables in the U.S. supplied by other countries in 2021, with Mexico as the largest supplier. The U.S. prioritizes growing commodities — like corn, soybeans, wheat and sugar. And that's a big sticking point for many small to midsize farmers growing fruits and vegetables. The 2018 farm bill extended into 2024 but expired in September.

Persons: Angela Huffman, Chip Kent, Tom Vilsack Organizations: United States Department of Agriculture, USDA, Imports, Environmental Locations: States, U.S, Mexico, Locust Grove, Milton , New York

☆ UBS sees the 'Roaring 20s' continuing, S&P 500 rising again next year — maybe to 7,000
▼ + stars: | 2024-11-21 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

This booming period marked by strong economic growth and robust market returns could extend into 2025, according to UBS, which is calling for the S & P 500 to rise as high as 7,000 in its most optimistic, bullish case. "The market and economic developments have led some to term the decade so far as the 'Roaring 20s,' marked by high economic growth, strong market returns, and improving productivity," Mark Haefele, UBS Global Wealth Management chief investment officer, said in a note to clients. .SPX YTD mountain S & P 500 The Wall Street bank set its base case of a 6,600 S & P 500 target for 2025, or about 10% upside from current prices. For its bull case, the equity benchmark could climb to 7,000 by year end 2025, a 16% gain from current levels. The S & P 500 appears set to wrap up a strong 2024 with a bang, thanks to optimism toward President-elect Donald Trump 's market-friendly policies.

Persons: Mark Haefele, Donald Trump, Haefele Organizations: UBS, UBS Global Wealth Management

☆ Asia-Pacific markets are set to open mostly lower; Japan trade data and China lending rate in focus
▼ + stars: | 2024-11-20 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

The People's Bank of China (PBOC) building in Beijing, China, on Friday, Nov. 8, 2024. Asia-Pacific markets were set to open mostly lower Wednesday, following a mixed day on Wall Street amid mounting geopolitical tensions between Ukraine and Russia. Japan's Nikkei 225 futures pointed to a mixed open for the market, with the futures contract in Chicago at 38,300 and its counterpart in Osaka at 38,420 compared to the previous close of 38,414.43. According to a Reuters poll, China is expected to leave its benchmark lending rates unchanged on Wednesday after they were cut in October. Hong Kong Hang Seng index futures were at 19,619, slightly lower than the HSI's last close of 19,663.67.

Persons: Australia's Organizations: People's Bank of China, Investors, Reuters, Nikkei Locations: Beijing, China, Asia, Pacific, Ukraine, Russia, Japan, Chicago, Osaka, Hong Kong

☆ Xi says he will work with Trump team as he meets Biden in Peru
▼ + stars: | 2024-11-17 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +6 min

Chinese President Xi Jinping on Saturday vowed to work with the incoming U.S. administration of President-elect Donald Trump as he held his final talks with outgoing President Joe Biden on key conflicts from cyber crime to trade, Taiwan and Russia. Biden met Xi for about two hours at a hotel where the Chinese leader was staying, on the sidelines of the Asia-Pacific Economic Cooperation forum in Lima, Peru, for their first talks in seven months. Taiwan President Lai Ching-te is planning to stop in the U.S. state of Hawaii and maybe Guam on a sensitive visit that is sure to anger Beijing in the coming weeks, Reuters reported on Friday. Meanwhile, Taiwan’s former economy minister Lin Hsin-i met Biden at the summit on Friday and invited him to visit Taiwan in the near future. “When Xi meets with Biden part of his audience is not — it’s not solely the White House or the U.S. government.

Persons: Xi Jinping, Donald Trump, Joe Biden, Biden, Xi, “, ” Biden, haven’t, Trump, Marco Rubio, Mike Waltz, Lai Ching, Lin Hsin, ” Xi, Jake Sullivan, ” Shen Dingli, ”, Shen, Ryan Berg Organizations: Economic Cooperation, Republican, Reuters, Embassy, Wednesday, Biden, Pacific Rim, APEC, U.S, Americas, Center for Strategic, International Studies, . Locations: Taiwan, Russia, Asia, Lima , Peru, China, Beijing, U.S, Washington, U.S ., Hawaii, Guam, North Korea, Ukraine, Russian, ”, United States, Shanghai, Lima, America, Peru

☆ Morgan Stanley picks China stocks to ride out a worst-case scenario in U.S. tensions
▼ + stars: | 2024-11-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

For investment options, she referred to the firm's survey of China stocks the investment bank's analysts already cover. Morgan Stanley's basket of bear case stocks only includes overweight-rated names with a dividend yield above 4% this year. The companies must not be on Morgan Stanley's lists of stocks at a disadvantage from Republican policy and supply chain diversification. Morgan Stanley expects Tingyi's earnings per share to grow 12% this year and 11% in 2025. Sinotruk earnings can grow 18% this year and 17% next year, according to Morgan Stanley estimates.

Persons: Morgan Stanley, Laura Wang, Morgan Stanley's, Morgan Stanley's Wang, Morningstar, Claire Liang, Liang, Donald Trump, Trump Organizations: Kong, PepsiCo, Services, Cosco Shipping Energy Transportation, China, CNBC, Republican Party, U.S . Congress Locations: China, Hong Kong, Asia, Europe, Mexico

Mortgage rates were forecast to go down in 2025. Expectations of higher inflation and more government debt under Trump have helped mortgage rates rise in recent weeks. Why mortgage rates rose ahead of the election — and are still high nowMortgage rates went down a lot in September, with 30-year rates dropping near 6%, according to Freddie Mac. How Trump's policies could lead to higher mortgage ratesZhao says that right now it's "nearly impossible" to predict where mortgage rates will go in 2025. More supply would help moderate home price growth, improving affordability even if mortgage rates remain high.

Persons: Donald Trump's, Trump's, —, Freddie Mac, they're, Chen Zhao, Melissa Cohn, Trump, Zhao, Kamala Harris, Cohn Organizations: Trump, Service, Bond, William, Mortgage, Analytics

Inflation is drifting down in fits and starts, and so are restaurant menu prices. Diners are more likely to notice stabilizing menu prices at quick-service restaurants than at sit-down ones. But the rate at which all eateries changed their menu prices between the second and third quarters this year plummeted by 26%, the company said. Quick-service restaurants have benefited from slower growth in labor costs, Square found. The company estimates annual inflation faced by quick-service operators at 3.6% as of September, versus 4.3% for restaurants with table service.

Persons: ”, Kelly Esten, Ara Kharazian, Donald Trump, Joe Brusuelas, Trump Organizations: National Restaurant Association, “, Lightspeed Commerce, Wine Trade Alliance, RSM

NBC News has reported that the Trump administration plans to end Biden's programs, possibly making those who have not yet received asylum eligible for deportation. Since then, Nicaragua has become a popular hub for migrants from Latin America and Africa trying to reach the U.S. Mexican Economy Minister Marcelo Ebrard recently suggested that his government could retaliate with its own tariffs on U.S. imports if the Trump administration imposes tariffs on Mexican exports. VenezuelaDuring Trump’s first term, Venezuela was at the forefront of his Latin America policy. “You have to address Cuba’s impact on migration across the region,” said Trujillo, who is Cuban American.

Persons: Donald Trump, ” Carlos Trujillo, Biden, ”, Trujillo, “, Trump, Trump’s, Andrés Manuel López Obrador, Claudia Sheinbaum, López Obrador, Marcelo Ebrard, Nicolás Maduro, Juan Guaidó, Maduro, Cuba Trump, Barack, liberalizing, Sheinbaum, Trump's Organizations: Central American, Organization of American, Trump, Border Patrol, Triangle, “, Asylum, U.S, NBC News, Economy, United, United Nations, European Union, Cuban Communist Party Locations: Mexico, El Salvador, Guatemala, Honduras, U.S, Cuba, Haiti, Nicaragua, Venezuela, Latin America, Africa, Cuban, Cuban American, United States, China, Russia, Beijing, Havana

☆ CNBC Daily Open: Better to stay prudent than bask in the postelection afterglow
▼ + stars: | 2024-11-12 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Separately, the estate of crypto exchange FTX sued Binance and its former CEO, Changpeng Zhao, over a "fraudulent" share deal. Some think the rally is getting ahead of itself, writes CNBC Pro's Fred Imbert. A Wall Street analyst pointed out that, according to history, one ostensibly bullish sign actually portends retreats in the near term.

Persons: FTX, Binance, Changpeng Zhao, Donald Trump, Jeremy Siegel, Siegel, Fred Imbert Organizations: CNBC, Dow Jones, NatWest, Metrics, Trust, Wharton School, University of Pennsylvania, Trump, U.S

☆ 'The market is right': Former Fed policymaker Mester sees fewer rate cuts next year after Trump's victory
▼ + stars: | 2024-11-12 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

The U.S. Federal Reserve could carry out fewer interest rate cuts than previously expected next year should President-elect Donald Trump's proposed global tariffs take hold, former Fed policymaker Loretta Mester said Tuesday. Markets trimmed their forecasts for rate cuts following Trump's election victory last week, with speculation growing around his tariff proposals and their implications for the world economy. It comes as concern is growing among global policymakers about the implications of Trump's fiscal plans, particularly on tariffs. "A trade war is the last thing we need," he continued. "If a trade war is to start, the European Union must not be unprepared as it was in 2018."

Persons: Donald Trump's, Loretta Mester, Mester, they're, Trump, It's, there's, —, Olli Rehn, Rehn Organizations: U.S . Federal, UBS European Conference, Cleveland Federal Reserve, Reuters, Trump, Bank of Finland, European Central Bank policymaker, UBS, European Union Locations: London, U.S, Europe, European

SEOUL, South Korea — As foreign governments prepare to deal with a second Trump administration, at least one key U.S. ally is hoping to make headway on the fairway. Last month, the U.S. and South Korea agreed on a new five-year cost-sharing plan for the U.S. troops. Maintaining a strong security alliance with the U.S. is especially important for South Korea given the growing hostility from nuclear-armed North Korea. That in turn could lead South Korea and even Japan to consider whether they need nuclear weapons of their own. Stella Kim reported from Seoul, South Korea, and Jennifer Jett reported from Hong Kong.

Persons: Trump, Yoon Suk, “, Donald Trump, Yoon, ”, Shinzo Abe, David Boling, Chung Sung, Abe, Abe “, Boling, ” Yoon —, ” Jeremy Chan, “ I’ve, Yoon doesn’t, he’s, ” Chan, Lydia Ko, Ko, Shigeru Ishiba, ” Boling, Chan, Choi Sang, mok, Joe Biden, Brendan Smialowski, Kim Jong, Stella Kim, Jennifer Jett Organizations: NBC, South, Eurasia Group, Trump, House, Paris Olympics, Japanese, U.S, South Korean Finance, Seoul, Getty Locations: SEOUL, South Korea, U.S, Florida , New Jersey, Virginia, North Korea, Japan, New York, Seoul, United States, East Asia, China, Northeast Asia, New Zealand, Scotland, Korea, Chiba, AFP, Hong Kong

☆ Europe could try to stop — or get around — damaging Trump tariffs
▼ + stars: | 2024-11-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

Critics of the proposed tariffs say the policy could lead to higher prices for U.S. consumers. That leaves Asia and Europe having to quickly consider ways to mitigate the future impact of export tariffs, and whether to retaliate or to try to negotiate a get-out deal. But economists also say that the EU could try to use the carrot instead of the stick with the U.S., suggesting there are three other ways Europe might try to stop, limit or avoid Trump's likely tariff policy altogether. German Chancellor Angela Merkel deliberates with U.S. President Donald Trump during the G-7 summit in Canada on June 9, 2018. Jesco Denzel | Bundesregierung | Getty ImagesWhether there Europe can reach consensus on how or whether to do a deal with Trump is debateable, however.

Persons: Caitlin Ochs, Reuters Donald Trump's, Europe scrabbling, Trump, Flach, Donald Trump, Jean, Claude Juncker, Andrew Kenningham, Didier Lebrun, Photonews, Mujtaba Rahman, Ursula von der, Von der, Joe Biden, Kenningham, Angela Merkel deliberates, Denzel, Carsten Brzeski, Emmanuel Macron, Angela Merkel, There's Organizations: Reuters, Trump, ING, Germany's, International Economics, Germany, U.S, EU, Capital Economics, European Union, Getty, Eurasia Group, Sustainable Steel, US Trade, Technology Council, Bundesregierung Locations: Upper Bay, New York, U.S, Europe, EU, China, Asia, Germany, Ukraine, Canada, France

Search resuls for: ". Imports"

25 mentions found