GERMANY RESPONSE TO US TARIFFS

India can feed off China's misery again as global automakers eye desi drive
Nomura's report suggests that increased US tariffs on Chinese imports could benefit Indian auto part manufacturers as global automakers seek alternative suppliers. While the US-China trade tensions may negatively impact US demand and Indian discretionary consumption, India's ongoing negotiations for a bilateral trade agreement with the US could improve its competitive position by 2025.

China mulls opening communication lines with US on trade
China is considering trade talks with the U.S. after observing signals from Washington expressing a willingness to negotiate tariffs. This development follows increased tariffs by the U.S. and subsequent retaliation from China, potentially signaling a shift in the economic stalemate.

Arvind Panagariya: US deal will be a big positive for India
Panagariya said the US-China economic conflict, especially in trade, is here to stay, indicating gains for India. If Washington imposes higher trade curbs on Vietnam and Cambodia to prevent China from potentially using these countries to supply its goods to the US, India's trade prospects will brighten further, he indicated.

US stocks climb higher on tariff, jobs data optimism; Dow Jones, S&P up 1% each
US stock indexes opened higher on Friday, as signs of a de-escalation in the trade war with China and a stronger-than-expected jobs report calmed concerns around the economic toll of tariffs.

US ends duty-free shipping loophole for low-cost goods from China
The United States has ended a tariff exemption for Chinese goods under $800, impacting e-commerce giants like Shein and Temu. This move, justified by the White House as countering opioid flows, imposes tariffs up to 145% and is part of an escalating trade conflict between the US and China.

S&P cuts US growth forecast sharply but rules out chances of a recession
S&P Global Ratings has revised its US GDP predictions. The forecast for 2025 is down to 1.5 percent. The projection for 2026 is now 1.7 percent. This adjustment follows uncertainties from US trade policies. S&P also lowered growth forecasts for India, Canada, and other nations. These changes reflect concerns about a potential global economic slowdown.
European shares rise on signs of easing Sino-US trade tensions
China's Commerce Ministry said that Beijing was "evaluating" an offer from Washington to hold talks over U.S. President Donald Trump's 145% tariffs and that Beijing's door was open for discussions.
De minimis ends: Consumers to pay the price as Trump kills 'big scam' that helped China's Shein, Temu
De minimis US-China tariff: The US has ended the de minimis exception, imposing tariffs on small packages from China and Hong Kong, a move criticized by Trump as a "big scam." This decision is expected to raise prices for American consumers buying from platforms like Temu and Shein, and impact independent online sellers.
As Trump moves to tax small parcels, some retailers give up on US
The U.S. has ended the de minimis tariff exemption for small parcels from China and Hong Kong, leading some retailers to halt U.S. shipments due to potential 145% tariffs. Companies like Space NK and Understance have paused e-commerce orders, while others, such as Oh Polly, are raising prices.
China 'evaluating' US offer to negotiate tariffs; Beijing's door is 'open'
China considers Washington's offer for trade talks regarding Donald Trump's tariffs. The Commerce Ministry states Beijing is assessing the proposal. China demands the U.S. rectify its practices and remove tariffs. The U.S. expresses optimism for easing trade tensions. Scott Bessent hopes for de-escalation and a larger trade deal. Xi Jinping urges officials to adapt to international changes.
How Trump tariffs have begun to bite China
Despite China's attempts to downplay the impact, Trump tariffs are beginning to affect its economy, as evidenced by shrinking factory activity and potential copper shortages. In response to these economic pressures, China is creating a 'whitelist' of US-made products that will be exempted from its tariffs, signaling a quiet effort to ease the trade war's impact.
Trump's tariffs have launched global trade wars: Here's a timeline of events
Donald Trump’s sweeping new tariffs have reignited global trade tensions, targeting China, Canada, Mexico, and the EU. The measures have triggered swift retaliation, escalated economic uncertainty, and drawn warnings from economists about inflation, disrupted supply chains, and a potential global slowdown. Policy volatility further clouds business planning.
Trump's tariffs loom over American economy as shipments from China fall
American businesses are reeling from President Trump's unpredictable tariffs, leading to order cancellations and postponed expansions. The U.S. economy contracted in the first quarter, with imports significantly impacting growth. As trade tensions escalate between the U.S. and China, experts warn of potential shortages, layoffs, and a heightened risk of recession, fueled by declining consumer confidence and business uncertainty.
'Hostile, political act': White House vs Amazon after tech giant planned to disclose cost of US tariffs on its website
The White House accused Amazon of committing a “hostile and political act” after a report said the e-commerce company was planning to inform customers how much Donald Trump’s tariffs would cost them as they shopped. The press secretary, Karoline Leavitt, was responding to a report in Punchbowl News,. However, Amazon has denied the report.
European shares rise as traders weigh mixed earnings, trade jitters
European shares climbed on Wednesday as investors assessed mixed corporate earnings and awaited key economic data, wrapping up a volatile month dominated by disruptive U.S. trade policy.
German economy grew by 0.2% in first quarter, skirting recession
The German economy narrowly avoided a recession, experiencing a 0.2% growth in the first quarter, driven by increased consumption and investment. This follows a 0.2% contraction in the previous quarter, allaying immediate fears of a prolonged downturn. However, potential tariffs imposed by U.S. President Donald Trump could significantly hinder growth, possibly leading to a third year of recession.
Germany's SPD members back coalition with conservative leader Friedrich Merz
Germany's Social Democrats approved a coalition treaty with conservatives. This clears the path for a new government. Friedrich Merz is set to become chancellor on May 6. The coalition aims to revive Germany's economy. Key goals include infrastructure investment and a minimum wage increase. The SPD secured the finance ministry. However, some party members criticized concessions on migration rules.
China creates list of US-made goods exempt from 125% tariffs, sources say
China is reportedly creating a 'whitelist' of U.S. goods exempt from tariffs, quietly notifying companies as it seeks to mitigate the trade war's impact. Simultaneously, China surveys businesses to assess the tariff war's effects, signaling a nuanced approach to trade tensions with the U.S.
European shares edge higher as earnings roll in, tariff watch continues
European shares nudged higher on Tuesday as investors assessed a spate of corporate earnings, monitored potential tariff moves, and awaited key economic data.
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