Trump says ‘very dangerous’ for the UK to deal with China as Starmer arrives in Shanghai, a statement that immediately feels loaded, doesn’t it? It’s like the playground bully warning you not to play with the other kids because they’re “bad news.” The irony is, he spent his presidency alienating allies and picking fights, essentially driving them *towards* those “bad news” kids. Now, when the UK’s Labour leader, Keir Starmer, is in Shanghai, exploring potential deals with China, suddenly it’s “very dangerous.”
The situation is a bit like a child throwing a tantrum because their actions have consequences. Trump’s strategy of antagonizing allies, imposing tariffs, and generally causing global uncertainty has backfired spectacularly.… Continue reading
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India and the EU have finalized a significant free trade agreement, aiming to open India’s market to the 27 EU nations, particularly in manufacturing and services. The deal, after nearly two decades of negotiations, is poised to double EU exports to India by 2032 by reducing tariffs on a substantial portion of traded goods. This agreement, considered one of India’s most comprehensive, will provide enhanced market access for European products like cars and wine in exchange for easier exports from India. The formal signing is scheduled for later this year with potential implementation by early next year, marking a major step for both economies.
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Following a potential trade agreement between Canada and China, former U.S. President Donald Trump threatened to impose a 100% tariff on Canadian goods. This threat, posted on Truth Social, came after a deal was announced between Canada and China to lower tariffs on canola oil and electric vehicles. The move has sparked a diplomatic dispute, as Canadian officials deny pursuing a free trade deal with China. Earlier in his term, Trump had expressed support for a potential trade deal with China, demonstrating a shift in stance.
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Trump threatens Canada with 100% tariff over possible deal with China, and honestly, the whole situation feels like a bad, repetitive movie. It’s the same old script, the same tired tropes, and the same predictable ending, or perhaps no ending at all, just a continuous cycle of escalating absurdity. One week he’s saying a deal with China is fine, the next, he’s threatening a trade war. It’s exhausting, frankly.
Trump threatens Canada with 100% tariff over possible deal with China, and the knee-jerk reaction seems to be “here we go again.” It’s almost as if he’s actively trying to alienate allies and isolate the United States.… Continue reading
In a recent social media post, U.S. President Donald Trump threatened a 100% tariff on all Canadian goods if Canada makes a “deal” with China. This follows a speech by Prime Minister Mark Carney at Davos, perceived as a challenge to U.S. policies. Trump’s statement came after Canada and China reached an agreement on electric vehicle and canola tariffs. The President warned of dire consequences for Canada if it allows China to use the country to bypass U.S. trade restrictions.
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Former US President Donald Trump criticized Canada for rejecting his proposed “Golden Dome” missile defense project over Greenland, alleging that closer ties with China would lead to Canada being overtaken within a year. Trump’s remarks came after Canadian Prime Minister Mark Carney announced a new trade agreement with China at the World Economic Forum, which would provide massive export markets for Canadian workers and businesses. Trump also asserted that Canada should be more grateful to the US for security protections, which the “Golden Dome” would provide. This disagreement comes amidst escalating tensions, particularly due to the US’s tariffs on Canadian goods.
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Following President Trump’s tariff threats concerning Greenland, EU lawmakers have decided to postpone the ratification of a significant trade agreement with the United States. This delay, although not a complete rejection of the deal, agreed upon in July, is a clear indication of the EU’s dissatisfaction with Trump’s actions. The Parliament was planning a vote to remove tariffs on U.S. industrial goods. The EU is also considering retaliatory measures, including tariffs and invoking trade instruments, in response to the threats against six EU countries.
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In response to U.S. tariffs, Canada is strengthening its trade ties with China by signing an agreement to liberalize trade. Chinese Vice Premier He emphasized the benefits of free trade, urging nations not to retreat from globalization, despite acknowledging its imperfections. He addressed concerns about China’s record trade surplus and emphasized China’s desire to become the world’s market while also encouraging foreign businesses to invest in China. Although China is aiming to boost domestic demand, household consumption remains low compared to the global average.
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Americans Bear Almost All the Cost of Trump Tariffs, Study Shows. Well, isn’t that just a big “duh?” It’s almost as if the fundamental nature of tariffs, the way they function in the real world, was somehow lost on a significant portion of the population. The recent study, confirming what many already knew, underscores a simple truth: tariffs, in most cases, end up as a direct tax on the American consumer. It’s like discovering water is wet or the sky is blue.
Americans Bear Almost All the Cost of Trump Tariffs, Study Shows, and let’s be frank, it’s not exactly rocket science.… Continue reading