When the Trump administration swung the tariff stick and raised tariffs on Chinese goods imported to the United States to 125%, this trade war had already surpassed simple economic games and evolved into a strategic game of reshaping the global business landscape.
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According to the World Trade Organization (WTO) 's Global Trade Prospects and Statistics report released on April 16, under the current situation, the volume of global goods trade is expected to decline by 0.2 percent in 2025, nearly three percentage points lower than expected under the "low tariff" baseline scenario.
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US President Trump and Italian Prime Minister Meloni are both confident that the United States and Europe will be able to reach a trade agreement before the 90-day deadline for the United States to suspend the implementation of reciprocal tariffs.
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In today's fierce landscape of global technology competition, artificial intelligence has undoubtedly become a strategic high point for countries to compete for.
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On April 16, Eastern Time, Federal Reserve Chairman Powell issued a severe warning about the inflation risks caused by US trade policies in a public speech, saying that tariff policies are "very likely" to push up inflation and last for a long time.
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On April 2, 2025, the Trump administration signed the so-called "Reciprocal Tariffs" policy. Under the guise of "fair trade," this policy requires all trading partners to align their tariff rates and non-tariff barriers on U.S. goods with those of the United States, or face additional tariffs on the difference.
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Recently, the US government officially launched a new round of tariff policies known as "reciprocal tariffs", trying to impose a 10% "benchmark tariff" on economies around the world with a unified standard.
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The UK government announced on Tuesday that it has purchased sufficient raw materials to sustain the operation of the last few steelmaking furnaces in the UK in the coming weeks.
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Recently, the trade negotiations between the United States and the European Union have reached a stalemate, attracting global attention.
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On April 11, local time, the US Customs and Border Protection announced that the Trump administration has agreed to exempt smart phones, computers, chips and other electronic products from "reciprocal tariffs."
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Recently, the US e-commerce giant Amazon has engaged in a head-on battle with the world's largest retailer Walmart. Both will simultaneously launch their largest annual online promotion campaigns. Besides e-commerce platforms, the price war has also affected physical retailing under various pressures, making discounted prices increasingly important to consumers, and maintaining profits has become the top priority for retail giants.
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