Tag: trade

2024-12-17

German auto giants brace for Trump’s tariff threats

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Republican Presidential candidate, former U.S. President Donald Trump speaks to attendees during a campaign rally at the Johnny Mercer Theatre on September 24, 2024 in Savannah, Georgia. Brandon Bell | Getty Images President-elect Donald Trump’s pledge to impose a blanket tariff on all goods coming into the U.S. could wreak havoc for European carmakers, with Germany’s crisis-stricken automotive sector…

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2024-10-05

Workers agree to tentative deal on wages, contract extension

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A major union for U.S. dockworkers and the United States Maritime Alliance agreed on Thursday to a tentative deal on wages and have extended their existing contract through Jan. 15 to provide time to negotiate a new contract. The move ends a strike that had snarled East Coast and Gulf Coast ports since the beginning of the week and…

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2024-09-29

UK PM Keir Starmer touts pro-business agenda as he meets U.S. CEOs

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British PM Keir Starmer speaking on CNBC’s Squawk Box on Sept. 27th, 2024.  CNBC The United Kingdom is pursuing investment from America’s biggest banks and tech giants, as the country looks to infuse growth in its stagnant economy.  “We now have a Labour government whose number one priority is wealth creation,” U.K. Prime Minister Keir Starmer told CNBC’s Andrew…

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2024-09-21

Largest port on East Coast begins preparations for a strike

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Port of New York/New Jersey executives tell CNBC they have begun preparations for a potential complete work stoppage by the International Longshoremen’s Association, the largest North American union for maritime workers. The ILA represents more than 85,000 longshoremen and a strike would shut down five of the 10 busiest ports in North America, and a total of 36 ports…

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2024-09-14

Boeing factory workers strike for first time since 2008

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Workers with picket signs outside the Boeing Co. manufacturing facility during a strike in Everett, Washington, US, on Friday, Sept. 13, 2024.  M. Scott Brauer | Bloomberg | Getty Images Boeing‘s factory workers walked off the job after midnight on Friday, halting production of the company’s bestselling airplanes after staff overwhelmingly rejected a new labor contract. It’s a costly…

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2024-08-21

Shein sues Temu over copyright infringement, trade secret theft

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Shein and Temu. Yuki Iwamura | Bloomberg | Stefani Reynolds | AFP | Getty Images Chinese-linked fast-fashion giant Shein is suing rival Temu, alleging the retailer stole its designs and built an empire using counterfeiting, intellectual property infringement and fraud.  The suit, filed Monday in Washington, D.C., federal court, comes as Shein itself fends off similar allegations from a…

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