Trade Tariffs – CoolPal

EU Rejects Trump’s Call for 100% China Tariffs Amid Ukraine War Strategy

2025-09-16 CoolPal

EU Rejects Trump’s Call for 100% China Tariffs Amid Ukraine War Strategy The European Union has decisively pushed back against former President Donald Trump’s recent demand for European nations to impose punitive 50% to 100% tariffs on China. Trump, whose proposal became official US policy after a social media post this past weekend, argued that such tariffs, coupled with an immediate end to Russian oil purchases, would be crucial in ending the war in Ukraine by weakening China’s influence over…

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China Issues Stern Warning to Mexico Over Potential US-Aligned Tariffs

2025-09-12 CoolPal

China Issues Stern Warning to Mexico Over Potential US-Aligned Tariffs China has issued a forceful diplomatic warning to Mexico, urging the Latin American nation to “think twice” before implementing new tariffs. Beijing views any such move as a potential capitulation to demands from the United States and has indicated it may retaliate if Mexico proceeds. In a statement released on Thursday, a spokesperson for China’s Ministry of Commerce asserted, “Any unilateral tariff increase by Mexico, even within the framework of…

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Trump Proposes New Tariffs on China, India to Intensify Pressure on Russia

2025-09-10 CoolPal

Trump Proposes New Tariffs on China, India to Intensify Pressure on Russia Former President Donald Trump has proposed the implementation of new tariffs targeting goods from China and India. This strategic move, announced today, is suggested to serve as a means to further economically pressure Russia. The proposal outlines a significant potential shift in trade policy, specifically aimed at countries perceived as indirectly supporting the Russian economy through their ongoing trade relationships. The announcement has immediately sparked discussions among economic…

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US Economy Faces Radical Overhaul as Trump’s Unpredictable Policies Take Hold

2025-09-08 CoolPal

US Economy Faces Radical Overhaul as Trump’s Unpredictable Policies Take Hold The United States’ economic model is undergoing a profound and potentially unrecognizable transformation under Donald Trump’s current administration. Recent actions, including his contemplation of ‘unwinding’ trade deals should his tariff regime face Supreme Court challenges, underscore the fluid and often unpredictable nature of his economic agenda. Trump’s interventions extend far beyond trade. In a series of bold moves, he has overseen a 10% government stake in tech giant Intel,…

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Market Jitters: US Stocks Slide on Tariff Uncertainty, Bond Yield Surge

2025-09-02 CoolPal

Market Jitters: US Stocks Slide on Tariff Uncertainty, Bond Yield Surge U.S. stock futures are significantly lower this Tuesday, as investors grapple with new uncertainties surrounding trade tariffs and a sharp rise in bond yields, kicking off what is historically a challenging month for equities. Dow Jones Industrial Average futures have fallen 265 points (0.6%), with S&P 500 futures down 0.8% and Nasdaq-100 futures losing 1%. This downturn sees investors taking profits, particularly in tech, with Nvidia shares off by…

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US Businesses Face Pricing Crisis Amid Escalating Tariff Uncertainty

2025-08-31 CoolPal

US Businesses Face Pricing Crisis Amid Escalating Tariff Uncertainty U.S. businesses are grappling with an unprecedented pricing crisis, six months into new and often unpredictable tariffs implemented by the Trump administration. The chaotic application of these trade barriers, targeting a wide range of imported goods and raw materials, has left companies unable to accurately forecast costs, leading to widespread economic uncertainty and a significant slowdown in hiring. New York City, often considered a leading economic indicator, has seen a dramatic…

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Federal Reserve Minutes Expose Deep Divisions on Tariffs, Inflation, and Labor Market

2025-08-21 CoolPal

Federal Reserve Minutes Expose Deep Divisions on Tariffs, Inflation, and Labor Market Newly released Federal Reserve meeting minutes reveal significant internal divisions among policymakers regarding the nation’s economic trajectory. The detailed summary, made public just an hour ago, highlights deep-seated worries concerning the impact of trade tariffs on economic stability, persistent inflation pressures, and the evolving dynamics of the labor market. These discussions underscore the complex challenges facing the central bank as it navigates future monetary policy decisions. The minutes…

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Trump Escalates Tariff War: India Slams ‘Unjustified’ Russian Oil Threat

2025-08-05 CoolPal

Trump Escalates Tariff War: India Slams ‘Unjustified’ Russian Oil Threat In a significant escalation of trade tensions, US President Donald Trump has issued a stark warning to India, threatening “substantially” higher tariffs over its continued large-scale purchases of Russian oil. India has swiftly condemned the move, labeling Trump’s threat as “unjustified and unreasonable.” The new tariff threat comes just days after Trump imposed a hefty 25% levy on India. In a series of posts on Truth Social, President Trump accused…

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New US-Japan Trade Deal: Is Japan’s Half-Trillion Dollar Investment Real or ‘Vaporware’?

2025-07-27 CoolPal

New US-Japan Trade Deal: Is Japan’s Half-Trillion Dollar Investment Real or ‘Vaporware’? A significant new trade agreement between the United States and Japan is making headlines, centered on a Japanese pledge to invest an unprecedented $550 billion into key U.S. industries. While the White House, under President Trump’s direction, hails this as a model for future international trade relations, analysts are raising serious questions about the feasibility and true nature of this substantial financial commitment. The agreement, which sets a…

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Stellantis Plunges to $2.7 Billion First-Half Loss Amid Tariff Impact and Sales Slump

2025-07-22 CoolPal

Stellantis Plunges to $2.7 Billion First-Half Loss Amid Tariff Impact and Sales Slump Automotive giant Stellantis NV has reported a preliminary loss of $2.7 billion (€2.3 billion) for the first half of 2025, attributing the significant deficit primarily to the biting impact of U.S. tariffs and persistently sluggish global sales. The early figures, released yesterday ahead of a full earnings report due July 29, paint a challenging picture for the transatlantic parent company of brands like Jeep, Ram, and Fiat….

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Japan’s Ruling Coalition Suffers Major Upper House Defeat, PM Ishiba Vows to Stay Amid Crisis

2025-07-21 CoolPal

Japan’s Ruling Coalition Suffers Major Upper House Defeat, PM Ishiba Vows to Stay Amid Crisis Japan’s ruling coalition has reportedly lost its majority in the upper house following Sunday’s elections, a significant setback that could destabilize Prime Minister Shigeru Ishiba’s government. The outcome sees notable gains for far-right parties like Sanseito, which campaigned on an anti-immigration, “Japanese First” platform. Prime Minister Ishiba acknowledged his responsibility during a press conference but affirmed his intention to remain in power. His administration is…

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EU Warns US Tariffs Could ‘Wipe Out’ Trade as August 1 Deadline Looms

2025-07-15 CoolPal

EU Warns US Tariffs Could ‘Wipe Out’ Trade as August 1 Deadline Looms The European Union has issued a stark warning that its extensive trade relationship with the United States could be “effectively wiped out” if Washington proceeds with its threat to impose a 30% tariff on goods imported from the bloc. EU Trade Commissioner Maroš Šefčovič stated that a tariff at or above 30% would practically prohibit trade, making it “almost impossible” for current trade levels to continue if…

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Trump Escalates Economic Stance, Threatening 100% Tariffs on Russia

2025-07-15 CoolPal

Trump Escalates Economic Stance, Threatening 100% Tariffs on Russia Former U.S. President Donald Trump has reportedly escalated his economic rhetoric, vowing to impose a sweeping 100% secondary tariff on goods originating from Russia. The proposed measure is framed as a critical step to protect the U.S. dollar and is part of a broader strategy that could define his potential second term. This aggressive stance signals a looming trade war, with significant implications for global markets and international relations. The threat…

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Trump Imposes Sweeping 30% Tariffs on EU, Mexico Starting August 1, Escalating Global Trade Tensions

2025-07-13 CoolPal

Trump Imposes Sweeping 30% Tariffs on EU, Mexico Starting August 1, Escalating Global Trade Tensions President Donald Trump has announced the imposition of 30% tariffs on goods from the European Union and Mexico, effective August 1. This significant move, communicated via letters posted on his social media, marks a major escalation in global trade policy and aligns with his administration’s stated goal of rebalancing international commerce. The tariffs are a cornerstone of Trump’s economic agenda, which he claims will revitalize…

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Trump-Xi Summit Looms as US-China Diplomacy Gains Momentum

2025-07-12 CoolPal

Trump-Xi Summit Looms as US-China Diplomacy Gains Momentum US Secretary of State Marco Rubio confirmed Friday a ‘high probability’ of a meeting between US President Donald Trump and Chinese leader Xi Jinping this year. Speaking from Kuala Lumpur, Malaysia, Rubio emphasized a strong mutual desire for the summit, though no date has been set. The announcement follows Rubio’s ‘very constructive’ and ‘positive’ hour-long meeting with Chinese Foreign Minister Wang Yi on Friday – their first in-person encounter. Both diplomats were…

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US Stock Futures Edge Down After Trump Announces New Tariffs; S&P 500, Nasdaq Hold Record Highs

2025-07-11 CoolPal

US Stock Futures Edge Down After Trump Announces New Tariffs; S&P 500, Nasdaq Hold Record Highs U.S. equity futures experienced a slight decline this morning following President Donald Trump’s announcement of new tariffs, including a 35% levy on Canadian imports set to begin August 1. This comes despite major indices, the S&P 500 and Nasdaq Composite, closing at new record highs on Thursday. Futures tied to the S&P 500 slipped 0.48%, while Nasdaq 100 futures fell 0.57%, and Dow Jones…

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Donald Trump Threatens Imminent 25% Tariffs on Canada and Mexico

2025-07-11 CoolPal

Donald Trump Threatens Imminent 25% Tariffs on Canada and Mexico Former U.S. President Donald Trump has issued a stark warning, threatening to impose a significant 25% tariff on goods imported from both Canada and Mexico within days. The potential move signals a renewed focus on protectionist trade policies, echoing strategies from his previous administration. While the specifics of the threat remain to be fully detailed, the announcement has immediately sparked concerns among key trade partners and businesses reliant on established…

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US Secretary Rubio Confronts Russia on Ukraine, Faces Tariff Backlash at ASEAN Summit

2025-07-10 CoolPal

US Secretary Rubio Confronts Russia on Ukraine, Faces Tariff Backlash at ASEAN Summit KUALA LUMPUR, Malaysia – U.S. Secretary of State Marco Rubio today held a high-stakes meeting with Russian Foreign Minister Sergey Lavrov in Kuala Lumpur, as global tensions escalate over Moscow’s intensifying attacks on Ukraine. The encounter, their second in-person discussion since Rubio assumed office, took place on the sidelines of the annual Association of Southeast Asian Nations (ASEAN) Regional Forum. The meeting follows the recent resumption of…

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Markets Waver as Trump Reaffirms August 1 Tariff Deadline, Imposes New Copper Duty

2025-07-09 CoolPal

Markets Waver as Trump Reaffirms August 1 Tariff Deadline, Imposes New Copper Duty U.S. markets closed Tuesday with minimal movement as President Donald Trump definitively stated there would be no extensions to the looming August 1 tariff deadline. The S&P 500 edged down 0.07% to 6,225.52, while the Dow Jones Industrial Average dropped 0.37%. The Nasdaq Composite saw a modest gain of 0.03%. The market’s mixed reaction came after a period of uncertainty regarding trade policy. Following Monday’s initial push…

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Trump Administration Issues Tariff Warnings as July 9 Deadline Looms for Trade Deals

2025-07-08 CoolPal

Trump Administration Issues Tariff Warnings as July 9 Deadline Looms for Trade Deals The Trump administration intensified its pressure on global trading partners this week, initiating the dispatch of letters on Monday, July 7, that warn nations of impending higher tariffs set to take effect on August 1. This move comes just ahead of a critical Wednesday, July 9 deadline, marking the culmination of a 90-day negotiating window that followed the suspension of previously announced tariff increases. The new wave…

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BRICS Leaders Issue Strong Condemnations on Tariffs, Mideast Actions from Rio Summit

2025-07-07 CoolPal

BRICS Leaders Issue Strong Condemnations on Tariffs, Mideast Actions from Rio Summit The BRICS bloc of developing nations has issued a strong declaration from its two-day summit in Rio de Janeiro, condemning increased global tariffs and recent attacks on Iran, while also criticizing Israel’s military actions in the Middle East. The declaration, notably devoid of direct criticism towards Russia, mentioned war-torn Ukraine only once. The summit, hosted by Brazil’s President Luiz Inácio Lula da Silva, was marked by the absence…

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Trump Finalizes Tariff Letters to 12 Nations, Set for Monday Release

2025-07-05 CoolPal

Trump Finalizes Tariff Letters to 12 Nations, Set for Monday Release U.S. President Donald Trump has confirmed he signed letters outlining new tariff levels for 12 countries, with these ‘take it or leave it’ offers slated for release on Monday, July 7th. Speaking aboard Air Force One, Trump declined to name the specific nations, promising public disclosure when the letters are sent. This development follows the imminent expiration of a 90-day suspension period on July 9th, which had temporarily halted…

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US-Vietnam Trade Deal Sparks Debate Over Future Global Tariffs

2025-07-03 CoolPal

US-Vietnam Trade Deal Sparks Debate Over Future Global Tariffs A recent trade agreement between the United States and Vietnam, announced just days before Washington’s reciprocal tariffs were set to fully reimpose, has drawn significant global attention. The deal stipulates a 20% duty on Vietnamese imports to the U.S., a substantial reduction from the 46% rate imposed in early April, while U.S. exports to Vietnam will face no tariffs. Additionally, Vietnam has reportedly agreed to a 40% duty on products originating…

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Asia-Pacific Markets Mixed Amid Tariff Uncertainty as Deadline Looms

2025-07-01 CoolPal

Asia-Pacific Markets Mixed Amid Tariff Uncertainty as Deadline Looms Asia-Pacific markets are trading mixed on Tuesday, July 1st, as investors weigh recent record gains on Wall Street against the looming expiration of U.S. President Donald Trump’s 90-day tariff reprieve, set for next week. The uncertainty follows comments from U.S. Treasury Secretary Scott Bessent on Monday, who warned that tariffs could “spring back” to previous levels if good-faith negotiations do not yield results. Mainland China’s CSI 300 remained largely flat, despite…

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Spain’s Standoff with NATO on Defense Spending: A Look Back at Sánchez’s Bold Move and Trump’s Tariff Threats

2025-06-27 CoolPal

Spain’s Standoff with NATO on Defense Spending: A Look Back at Sánchez’s Bold Move and Trump’s Tariff Threats In a significant diplomatic maneuver that once captured international headlines, Spanish Prime Minister Pedro Sánchez made a notable departure from NATO allies’ defense spending commitments. During a past NATO summit, Sánchez secured a last-minute exemption for Spain, opting to increase defense spending to only 2.1% of GDP, a figure he deemed “sufficient and realistic,” while other members agreed to 5%. This decision…

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