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By Paula RAMON YUMA, United States, Dec 23, 2023 (AFP) – As the world pivots from planet-warming fossil fuels to renewable energy, a new pollution problem is rearing its head: What to do with old or worn-out solar panels? Thousands of photovoltaic slabs are being installed across the United States every day, particularly in the sunny west and south of the country, as states like California race to towards greener energy production. But with an […]
MOSCOW, Russia (AFP) — Russian aluminum giant Rusal saw its share price nearly halved on the Hong Kong stock exchange Monday after Washington placed it under sanctions, putting the metals major at risk of defaulting on part of its debt. At 0710 GMT, the company’s stocks had tumbled 49 percent to HK$2.38 ($0.30, 0.25 euros). The fall represented a loss of more than 3.5 billion euros ($4.3 billion) for the company, which is headed by […]
PARIS, France (AFP) — France “regrets,” US President Donald Trump’s announcement of duties on steel and aluminum imports to the United States, Economy Minister Bruno Le Maire said Thursday. “There are only losers in a trade war. With our EU partners, we will assess consequences on our industries and agree on an appropriate response,” he tweeted. Trump imposed the tariffs — 25 percent on steel and 10 percent on aluminum — despite repeated warnings from […]
HONG KONG, China (AFP) — Asian markets and the dollar were jolted Wednesday as news that Donald Trump’s top economics advisor had resigned revived trade war fears, though the losses were tempered by North Korea’s offer of denuclearisation talks. Investors, already on edge over expected US interest rate hikes, have been rattled further since the US president last week unveiled controversial tariffs on steel and aluminum imports as part of his “America First” agenda. Equities […]
by Joshua Howat BERGER Agence France Presse MEXICO CITY, Mexico (AFP) — Mexico threatened Tuesday to retaliate against President Donald Trump’s planned steel and aluminum tariffs by hitting the most “politically sensitive” US exports with tariffs of its own, the latest signal of a brewing trade war. Speaking a day after Trump shot down Mexican and Canadian proposals that the neighboring nations be granted an exemption from the steep US tariffs, Economy Minister Ildefonso Guajardo […]
HONG KONG, China (AFP) — Asian markets turned negative again on Monday as the fallout from Donald Trump’s steel and aluminum tariffs continues to feed concerns of a global trade war. Equities went into a tailspin last week after the tycoon unveiled his plans for the controversial levies, and while US investors ended Friday on a slightly positive note, there is still the prospect of more volatility to come. Trump ramped up his rhetoric at […]
TOKYO, Japan (AFP) — Japanese car giant Toyota on Friday warned that US steel and aluminum tariffs would harm automakers and “substantially” increase the price of cars sold in America. The firm was reacting after US President Donald Trump announced tariffs of 25 percent on steel and 10 percent on aluminum, key materials for the auto sector. Toyota noted that 90 percent of the steel and aluminum it purchases for its US operations comes […]
by Andrew Beatty and Douglas Gillison Agence France Presse WASHINGTON, United States (AFP) — Despite fierce opposition from inside the White House, US President Donald Trump on Thursday announced punishing steel and aluminum tariffs, teeing up a possible trade war with major producers as well as China. Trump ended rumor and counter-rumor about his administration’s intentions, by saying that “next week” he would sign off on measures designed to protect US producers. Meeting at the […]
