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President Donald Trump has dismissed business concerns over planned tariffs on several trading partners and possible economic repercussions. Despite acknowledging potential short-term impacts on US growth, Trump maintained that his approach would ultimately benefit America. He indicated that tariffs may increase over time to ensure fair trade practices and emphasized bringing wealth back to the US.
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News and Media
Europe's materials industry is the worst performer this earnings season, with 65% missing earnings estimates. Weak demand in China, US tariff threats, higher raw material, and labor costs are key challenges. Basic resources, chemicals, and other sectors face significant downgrades, affecting EU steel and copper demand, making cost-cutting and productivity crucial for improvement.
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News and Media
Brazil is prioritizing enhanced climate action as it chairs COP30, proposing additional UN governance structures for effective commitment tracking. Despite acknowledging potential slowdowns due to the US's Paris Agreement withdrawal, Brazil emphasizes global cooperation and a 10-year roadmap to mitigate adverse environmental impacts.
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News and Media
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