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Trump’s next 100 days to feature trade deals, peace talks, ‘torpedoes,’ officials sayby hellenicshippingnews… on 28 April 2025 at 10:00 am
President Donald Trump and his administration this week will highlight the accomplishments of his first 100 days in office, while looking toward the next 100 days with a focus on trade deals and peace talks, White House officials said. After a pace of changes that have thrilled allies and stunned adversaries, including in social policy …
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Trade War to Aggravate China’s Economic Challengesby hellenicshippingnews… on 28 April 2025 at 10:00 am
China’s economic policy challenges, including its efforts to counter deflationary pressure and control financial leverage, will be heightened by the intensifying trade war with the US, potentially influencing issuer credit ratings, says Fitch Ratings in new a report. The US’s effective tariff rate for China has surged far above the 35% Fitch assumed in our …
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Trump’s tariffs leave China’s neighbours with an impossible choiceby hellenicshippingnews… on 28 April 2025 at 10:00 am
When US President Donald Trump hit China with tariffs in his first term, Vietnamese entrepreneur Hao Le saw an opportunity. His company is one of hundreds of businesses that have emerged to compete with Chinese exports that have increasingly been facing restrictions from the West. Le’s SHDC Electronics, which sits in the budding industrial hub …
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China GDP to fall between 1.5% to 3% on US trade war impact, Barclays saysby hellenicshippingnews… on 28 April 2025 at 10:00 am
China’s economic growth could deteriorate sharply this year as the country engages in a bitter trade war with the United States, Barclays analysts said in a note, although Beijing is likely to increase its stimulus measures. Barclays said China’s could fall between 1.5% and 3%, especially as U.S. President Donald Trump imposed cumulative 145% tariffs …
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Tariff-hit China exporters reluctant to heed government calls to sell locallyby hellenicshippingnews… on 27 April 2025 at 9:00 pm
Eno Qian, who runs a clothing factory in eastern China, says she makes a 20 yuan ($2.74) profit for every item she sells abroad and only a tenth of that on domestic sales, making a shift to the local market “not viable” for her tariff-hit business. Beijing has made increasingly louder calls on exporters to …
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BofA cuts Asia growth forecasts on persistent tariff pressuresby hellenicshippingnews… on 27 April 2025 at 9:00 pm
Bank of America (BofA) has downgraded its 2025 growth forecasts for Asia, warning that U.S.-China trade tensions and broader tariff pressures will weigh heavily on the region’s economies. The bank now expects Asia’s GDP-weighted growth to slow to 3.9% in 2025, down 60 basis points from its previous estimate, with a modest recovery to 4.2% …
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JPMorgan survey shows consensus over weak dollar, US stagflationby hellenicshippingnews… on 27 April 2025 at 9:00 pm
There is a much higher risk of stagflation than recession in the U.S. economy over the next year, while the asset class most expected to outperform in 2025 is cash, according to the results of a JPMorgan survey published this week. The trade war started by the U.S. administration of Donald Trump is seen by …
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World breathes sigh of relief as Trump spares Fed, IMFby hellenicshippingnews… on 27 April 2025 at 9:00 pm
Global policymakers gathering in Washington this week breathed a collective sigh of relief that the U.S.-centric economic order that prevailed for the past 80 years was not collapsing just yet despite Donald Trump’s inward-looking approach. The Spring Meetings of the International Monetary Fund and the World Bank were dominated by trade talks, which also brought …
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Japan is a test case for Trump’s tariff deals. But talks may be tortuous.by hellenicshippingnews… on 27 April 2025 at 9:00 pm
When Tokyo’s top trade negotiator met U.S. President Donald Trump for tariff talks at the White House earlier this month, he presented him with a gold-coloured piggy bank. One detail, seemingly unnoticed by those in the room, is that the gift was made in China, the focal point for Trump’s sweeping trade war that has …
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ECB forms group to simplify banking rules, source saysby hellenicshippingnews… on 27 April 2025 at 9:00 pm
The European Central Bank has launched a task force, chaired by Vice President Luis de Guindos, that will look for ways of simplifying banking rules in Europe, a source familiar with the matter told Reuters on Saturday. The central bank governors of Germany, France, Italy and Finland are also part of the task force, the …
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Yen, BOJ’s rate policy may remain focus in Japan-US trade talksby hellenicshippingnews… on 27 April 2025 at 9:00 pm
Japan may have averted U.S. pressure for a stronger yen in bilateral finance talks on Thursday, but a closer look at officials’ descriptions of the meeting suggests currencies and the Bank of Japan’s interest rate policy may remain key factors in broader trade negotiations. Speaking to reporters after his first face-to-face talks with U.S. Treasury …
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Europe’s job market is increasingly AI-readyby hellenicshippingnews… on 27 April 2025 at 9:00 pm
With low growth and ageing societies, boosting productivity growth is key to economic prosperity in the eurozone in the years ahead. And that’s where AI comes in. Productivity has declined by 1.6% since the third quarter of 2022. This has come with a tight labour market by historical standards, as unemployment has dropped to the …
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Eurozone recovery facing serious headwindsby hellenicshippingnews… on 27 April 2025 at 9:00 pm
Ever-changing moods When it comes to the challenge of predicting the eurozone’s growth outlook, Crowded House’s classic “Four Seasons in One Day” comes to mind – it perfectly sums up the constant state of flux we’re seeing in the economic environment at the moment. Germany’s fiscal U-turn and the promise of increased defence spending across …
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WTO sounds alarm on trade risks as 2025 outlook weakensby hellenicshippingnews… on 27 April 2025 at 9:00 pm
1. WTO warns global trade could fall in 2025 amid rising tensions Global merchandise trade is expected to decline by 0.2% in 2025, with North America facing a significant 12.6% drop in exports, the World Trade Organization (WTO) has warned. The decline could be even steeper, falling by 1.5%, if trade tensions worsen, including the …
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Brain drain? Trump cutbacks force scientists to seek jobs in Europeby hellenicshippingnews… on 27 April 2025 at 9:00 pm
David Die Dejean is passionate about studying tuna. Last year, he landed a dream job at National Oceanic and Atmospheric Administration in Miami to pursue his research. By January, he was settled in, had received a good review and loved working with his colleagues, he said. Then in mid-February he received an email to vacate …
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Former Fed governor Warsh blasts US central bank for leaving its laneby hellenicshippingnews… on 27 April 2025 at 9:00 pm
Former Federal Reserve Governor Kevin Warsh, with whom President Donald Trump is reported to have discussed firing U.S. central bank chief Jerome Powell and installing him in his place, on Friday unleashed a barrage of criticism of the Fed and argued for fundamental changes to how it operates. In a speech full of long-standing criticisms …
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China’s murky bankruptcies expose hazards for foreign investorsby hellenicshippingnews… on 27 April 2025 at 9:00 pm
When a Chinese pork producer filed for bankruptcy in 2019, the news came as a jolt to Alan Hill. The retired Apple executive from Albuquerque had invested about $100,000 last decade in Dalian Chuming Meat Processing through a U.S.-listed holding company, Energroup Holdings. Chuming had not paid dividends for many years, but it supplied pork …
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Conflicting US-China talks statements add to global trade confusionby hellenicshippingnews… on 27 April 2025 at 5:00 pm
U.S. President Donald Trump asserted in an interview published on Friday that tariff negotiations were under way with China, but Beijing denied any talks were taking place, the latest in a series of conflicting signals over what progress was being made to de-escalate a trade war threatening to sap global growth. Trump told TIME magazine …
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China’s Q1 industrial profits return to growth amid tariff woesby hellenicshippingnews… on 27 April 2025 at 5:00 pm
China’s industrial profits returned to growth in the first quarter, official data showed on Sunday, but are likely to come under further pressure amid a trade war with the United States. With Washington’s aggressive tariffs threatening to hit China’s crucial export engine hit and no time frame yet for any bilateral trade talks, economists and …
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World Bank chief economist sounds alarm on emerging market debt issues, urges liberalizationby hellenicshippingnews… on 27 April 2025 at 5:00 pm
Spiking trade uncertainty is compounding rising debt and sluggish growth problems facing emerging markets and developing countries, but cutting their own tariffs could provide a big boost, said Indermit Gill, the World Bank’s chief economist. Gill said global economists were rapidly lowering their growth forecasts for advanced economies and somewhat less so for developing countries, …