Tag: Trade Tensions
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Australia condemns new China beef tariffs, warning of $1 billion hit to industry
Australia condemns new China beef tariffs amid escalating trade tensions Australia’s trade and agriculture ministers have condemned China’s recent decision to impose new import duties on beef, a move that could significantly impact the country’s meat industry. As the world’s top beef importer, China’s tariff increase has the potential to cost the Australian sector as…
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Australia condemns new China beef tariffs: industry faces potential $1 billion hit
Australia condemns China’s new beef tariffs amid trade tensions Australia’s trade and agriculture ministers have condemned China’s abrupt decision to impose new import duties on Australian beef, a move that could cost the country’s beef industry up to $1 billion a year. The announcement from Beijing jolted a market that has long relied on China…
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Singapore’s 4.8% Growth in 2025 Surprises, but PM Wong warns the pace may not last
Singapore posts surprising 4.8% growth for 2025 Singapore delivered stronger-than-expected economic growth in 2025, with gross domestic product rising by 4.8% for the year. The figure beat most analysts’ forecasts, signaling resilience amid global trade frictions, geopolitical tensions, and a cooling but uneven global outlook. Prime Minister Lawrence Wong highlighted the result as an important…
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How a Quebec Village Built a Furniture Empire—and How a Trade War Is Undermining It
From Sainte-Croix to a Quebec Furniture Empire The village of Sainte-Croix, perched on the southern bank of the St. Lawrence River, has long been a cradle of woodworking talent. Its fertile land and generations of carpentry know-how fostered a small workshop economy into a sprawling Quebec furniture empire. The story isn’t just about furniture; it’s…
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The Economy Survived 2025, But Many Americans Are Reeling
Survival, Not Prosperity: A Complex 2025 The United States weathered a year many economists warned would test its economic nerve. After a sequence of trade tensions, volatile markets, and what became the longest government shutdown in modern memory, the economy managed to avert a catastrophe. But surviving isn’t the same as thriving. As households look…
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Jim Beam Halts Kentucky Bourbon Production Through 2026 Amid Trade Tensions
Overview: A Historic Pause at a Iconic Bourbon Distillery In a startling move that reverberates through the U.S. whiskey landscape, Jim Beam, the maker of one of America’s most iconic bourbons, has announced it will halt production at its flagship Kentucky distillery for all of 2026. The decision underscores the broader pressures facing the U.S.…
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Jim Beam Halts Kentucky Bourbon Production Amid Tensions
Overview: A Historic Pause at a Iconic Kentucky Distillery The bourbon world is facing a rare disruption as Jim Beam, one of the United States’ most recognized whiskey brands, announces a halt to production at its flagship distillery in Kentucky for all of 2026. The move, confirmed by the company amid ongoing trade tensions and…
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Jim Beam Halts Kentucky Production Through 2026 Amid Trade Tensions
Industry Shock: Jim Beam Halts Kentucky Production Through 2026 The iconic Jim Beam brand will pause production at its flagship Kentucky distillery for the entirety of 2026, underscoring the uphill climb facing the U.S. bourbon industry amid ongoing trade tensions. The decision, announced by Beam Suntory, the brand’s parent company, is a rare public acknowledgment…
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Ringgit Hits Four-Year High as Malaysia’s Economy Gains Momentum
Malaysia’s Ringgit Surges as Economic Momentum Builds The Malaysian ringgit is shaking off headline volatility as Malaysia’s economy demonstrates sustained strength. Analysts say the currency is approaching a four-year peak, underscoring how improving domestic momentum and easing global trade tensions are attracting offshore investors to the local debt market. Singapore and Hong Kong markets have…
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US Stocks Waver as Trade Tensions With China Flare Up Again
Wall Street Seesaw: Tech Weighs on Gains as Trade Tears Return U.S. stocks moved in fitful trading on Tuesday as trade tensions with China resurfaced, adding a fresh layer of volatility to a market already sensitive to global tensions. The broad market’s direction remained uncertain as investors weighed the potential spillovers from renewed tariff threats…