The dollar gained and investors sold off stocks after the president-elect promised to levy new restrictions on the United States’ biggest trade partners.
Category: International Trade and World Market
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After Trump’s Tariff Threat, Is a China Currency War Next?
While China could offset American tariffs by letting its currency fall, that might endanger Beijing’s recent efforts to stabilize the economy.
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Trump Threatens 25% Tariff on Canada and Mexico, Potentially Crippling Trade
The president-elect said that he would impose the tariff on Day 1 and that it would stay in place until Canada and Mexico halted the flow of drugs and migrants across U.S. borders.
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Steel Maker ThyssenKrupp to Slash 11,000 Jobs in Germany
The venerable steel producer, which has been struggling against high energy prices at home and growing competition from abroad, is the latest company in Europe to cut its work force.
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How Trump Could Upend Electric Car Sales
Fewer people will be able to afford electric cars and trucks if President-elect Donald J. Trump and Republicans in Congress eliminate a $7,500 federal tax credit.
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Trump’s Trade Agenda Could Benefit Friends and Punish Rivals
Donald Trump has a record of pardoning favored companies from tariffs. Companies are once again lining up to try to influence him.
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Europe’s Leaders Seek Greater Unity to Counter Trump’s ‘America First’ Agenda
At a conference in Paris, corporate chiefs, finance ministers and top politicians called for a “Europe First” policy to counter Donald Trump’s protectionist agenda.
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Why Germany’s Economy, Once a Leader in Europe, Is Now in Crisis
The country is facing a second year of zero growth, with industry leaders gloomy and worried about potential tariffs from President-elect Donald Trump.
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Ford to Cut 4,000 Jobs in Europe as Electric Vehicle Sales Slow
The American automaker said the cost-cutting measure would help it compete with Chinese rivals in the face of slowing demand for electric vehicles.
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Hennessy Workers Strike Over Plans to Bottle Cognac in China
The walkout in France is the latest development in a simmering trade war between Europe and China.
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How Two High-Profile New York Industries Might Fare Under Trump
The city’s art and fashion worlds are keeping an eye on President-elect Donald Trump’s economic agenda, especially tariffs and tax cuts.
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How Two High-Profile New York Industries Might Fare Under Trump
The city’s art and fashion worlds are keeping an eye on President-elect Donald Trump’s economic agenda, especially tariffs and tax cuts.