标签： North America

In a bold move to reshape global trade dynamics, former US President Donald Trump has implemented a series of tariffs on imported goods from various countries. Trump asserts that these measures will invigorate American manufacturing, create jobs, and reduce the US trade deficit. However, critics argue that the tariffs could lead to higher consumer prices and disrupt the global economy. Tariffs, essentially taxes on imports, are calculated as a percentage of a product’s value. For instance, a 10% tariff on a $10 item adds $1 to its cost, raising the total to $11. These taxes are paid by importers, who may pass the additional costs onto consumers or reduce their import volumes. Trump’s strategy aims to encourage the purchase of American-made goods and increase government revenue. He has also used tariffs as leverage in negotiations, demanding that countries like China, Mexico, and Canada take stronger actions to curb illegal drug trafficking and migration. Despite facing legal challenges and amendments, Trump’s tariffs have significantly impacted global trade. For example, China and the US have threatened each other with tariffs exceeding 100%, though a temporary truce was extended until November. Canada faces a 35% tariff on most goods, while Mexico deals with a 30% tariff, both under the USMCA agreement. Other countries, including India, Brazil, and South Africa, have also been subjected to varying tariff rates. The UK has negotiated the lowest tariff rate of 10%, primarily affecting its automotive and pharmaceutical exports. Trump’s tariffs have also targeted specific products, such as branded drugs, steel, and furniture, with rates ranging from 25% to 100%. The elimination of the $800 exemption for low-cost imports has further complicated the trade landscape, affecting millions of packages shipped daily. Despite initial economic volatility, the US economy has shown resilience, with consumer spending increasing by 2.5% in the year to June 2025. However, the International Monetary Fund (IMF) warns that US tariffs continue to have a negative impact on global economic stability. As negotiations persist, the long-term effects of Trump’s tariff strategy remain uncertain.

The recent trade negotiations between the United States and China have sparked significant attention, particularly due to the starkly different ways the two nations have portrayed the event. The BBC’s Laura Bicker delves into the contrasting narratives presented by both sides. While the US emphasized progress and the enforcement of trade agreements, China highlighted mutual understanding and cooperation. These divergent accounts underscore the ongoing complexities in US-China trade relations, reflecting broader geopolitical tensions. The reports also reveal how each country strategically frames its diplomatic engagements to align with domestic and international objectives. This analysis sheds light on the intricate dynamics of global trade diplomacy and the challenges of achieving consensus between economic superpowers.

Stellantis, the world’s fourth-largest carmaker, announced a significant 13% increase in third-quarter net revenues, reaching 37.2 billion euros. This marks the end of a seven-quarter decline, driven by robust performance in North America. The Italian-Franco-U.S. automaker, known for brands like Jeep, Fiat, and Peugeot, reported a 13% rise in vehicle shipments to 1.3 million units, with nearly 70% of the 152,000 new vehicles shipped in North America. The resurgence was fueled by the relaunch of the popular RAM 1500, powered by the HEMI V-8 engine, which had been discontinued by previous management. CEO Antonio Filosa, who assumed leadership in June, described the results as “encouraging,” highlighting strategic changes aimed at enhancing customer choice and driving growth. Stellantis also launched six new models in the first nine months of 2025 and plans to introduce four more by year-end. Globally, vehicle sales rose 4%, with notable increases in Europe, the Middle East, and Africa. However, European net revenues grew by only 4%, with market share dipping to 15.4% due to declines in France and Italy. Filosa has been actively revitalizing the company after a challenging 2024, which led to the departure of former CEO Carlos Tavares. Stellantis recently announced a $13 billion investment in U.S. operations over four years, aiming to expand manufacturing and create 5,000 jobs, potentially mitigating the impact of U.S. tariffs. The company revised its tariff impact estimate for this year to 1 billion euros, down from 1.5 billion euros.