Despite Trump’s ‘Deals,’ Trade War Is Still On
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The roughly $12 billion global hearing aids sector is likely to continue to be led by Europe — especially Denmark — for some time to come.
Farm country voted heavily for Donald Trump last November. Now many farmers are taking a wait-and-see attitude toward the Republican president’s disputes with China and other international markets.
The White House backed off from the steepest levies, as the costs of an all-out trade war with China threatened global economic growth.
A measure of foreign direct investment in Europe sank to a nine-year low in 2024, underscoring the continent’s struggle to lure business even before US President Donald Trump’s trade war darkened the economic outlook.
Grocers’ sales are more reliant on domestically grown food. Supermarket operator Kroger, which previously disclosed “small single-digit exposure” to inventory from China, was down 4.7 per cent in early trading. Walmart, where the bulk of US sales come from groceries, was off by 0.8 per cent.
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The EU is weighing a temporary return to its pre-war trade agreement with Ukraine if a renegotiated deal is not ready to take effect when war-related tariff suspensions expire on June 5, EU diplomats said on Wednesday.
Tariffs aren’t the only battleground to keep an eye on in the trade war between the US and China. Access to Wall Street could be used as a lever in the negotiations, leaving almost 300 Chinese companies listed in the US at risk of being removed from American stock exchanges.