TOI correspondent from Washington : Tariffs? What tariffs? In a resounding rebuff to US efforts to corral its manufacturing might and gargantuan growth, China announced a $ 1 trillion trade surplus with the world on Monday, leaving Washington, New Delhi, Brussels among others capitals wringing their hands. It is the first time in human history…
China’s trade surplus topped $1 trillion for the first time as manufacturers seeking to avoid President Donald Trump’s tariffs shipped more to non-U.S. markets in November, with exports to Europe, Australia and Southeast Asia surging. Shipments to the United States dropped by close to one-third from the same month a year before. “The tariff cuts…
WUHAN, China, July 29, 2025 /PRNewswire/ — China Automotive Systems, Inc. (Nasdaq: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the second quarter ended June 30, 2025, on Wednesday, August 13, 2025, before the market opens. Management will…
US President Donald Trump (AP) TOI CORRESPONDENT FROM WASHINGTON: US President and MAGA supremo Donald Trump issued an ominous warning on Wednesday to American tech companies operating overseas, asking them to prioritise hiring workers in the US rather than creating jobs in India and China. In remarks at an Artificial Intelligence summit in New York,…
US President Donald Trump has urged American technology giants to halt overseas hiring practices, including those in India and China, and instead focus on creating jobs at home, reported India Today. The publication added that the remarks were made during a high-profile Artificial Intelligence (AI) Summit held in Washington on Wednesday, where Trump took aim…