Tag

Trade Imbalance

All articles tagged with #trade imbalance

business5 months ago•5 min saved

Swiss Gold Refiners and the Impact of U.S. Tariffs

The US imposed a 39% tariff on Swiss imports, mainly targeting luxury goods, due to trade imbalances, with Swiss gold refining playing a significant role in inflating the trade deficit. Despite gold being exempt from tariffs, the sector's large volume and the way trade data is calculated have drawn scrutiny, leading to tensions and potential economic impacts for Switzerland. The Swiss government is seeking to continue negotiations and avoid retaliatory measures.

via dw.com|

#business #gold-refining #gold-trade

world6 months ago•1 min saved

EU Calls for Action on Trade Imbalance Amid Rising China Tensions

European Commission President Ursula von der Leyen criticized China for trade distortions and unfair practices, demanding a rebalancing of economic relations ahead of a planned EU-China summit, amid ongoing tensions over tariffs, subsidies, and market access.

via Bloomberg|

#china #economic-relations #eu

international-relations2 years ago•4 min saved

China's Xi Warns EU Leaders Amid Rising Tensions

Leaders of the European Union met with China's President Xi Jinping in Beijing to address tensions over China's trade imbalance with Europe and its support for Russia in the war on Ukraine. The European leaders urged China to use its influence to end the conflict in Ukraine and prevent Russia from circumventing sanctions. However, China is unlikely to abandon its support for Russia, viewing it as a long-term partner in countering US dominance. Trust between China and the EU has been eroded by broken promises on market access and Beijing's crackdown on freedoms in Hong Kong and Xinjiang. The widening rift between the West and China is also fueled by concerns over Chinese exports flooding the European market and unfair trade practices.

via The New York Times|

#china #european-union #international-relations