With China retaliating swiftly, slapping 15% tariffs on select US goods, the battle lines are once again drawn in a high-stakes economic standoff. But amid the turmoil, a new opportunity emerges for India—one that could shift global supply chains and strengthen its foothold in key US markets. India, which directly competes with China in sectors…
U.S. President Donald Trump and Chinese leader Xi Jinping are set soon to hold a high-stakes phone call on the tit-for-tat tariffs each has imposed on the other country’s exports. Trump’s new 10% tariff on Chinese goods took effect at midnight Monday, with China quickly announcing it would impose 15% tariffs on U.S. coal and…
US President Donald Trump, left, and Canadian Prime Minister Justin Trudeau (AP file photo) US President Donald Trump agreed on Monday to pause his planned tariffs on Mexico and Canada for 30 days. The decision comes as both countries took steps to address his concerns about border security and drug trafficking. The pause follows days…
As the leaders of Canada and Mexico rushed to respond after Donald Trump started a new trade war, Chinese President Xi Jinping took a breath before his nation announced any concrete retaliation.Following through on a threat made after he won the presidency, Trump on Saturday imposed a blanket 10% levy on China, and 25% duties…
With much-anticipated trade actions against China absent on the first day of US President Donald Trump’s second term, a chief Citi economist said there are better odds of “delayed, gradual tariffs” being imposed on the world’s second-largest economy in advance of potential direct negotiations between the two countries’ leaders. A slower onset of tariffs on…
President Biden and President-elect Donald Trump both advocate a tough stance on China, but have substantially different strategies on how to interact with Beijing. Before Trump took office in early 2017, the two governments had over 90 official channels of communication. He and his team had little patience for such formalized communication, seeing them as…
The router-manufacturer TP-Link, established in China, has roughly 65% of the U.S. market for routers for homes and small businesses. It is also the top choice on Amazon, and powers internet communications for the Defense Department and other federal government agencies. Investigators at the Commerce, Defense and Justice departments have opened their own probes into…
Who is Huohuade Lutenike? The Chinese rendering of Howard Lutnick, the billionaire nominee to lead America’s commerce department, is not well known in China. But he may end up shaping America’s trade policies. Since Donald Trump announced his pick, Chinese investors and policy-watchers have scrambled for information. More than anything they want to know if…
Topline Chinese Embassy officials in the U.S. warned Monday that a trade war between the two countries would have no winners, after President-elect Donald Trump reiterated his plans to impose additional tariffs on Chinese imports. U.S. President-elect Donald Trump speaks at a House Republicans Conference meeting at the Hyatt … [+] Regency on Capitol Hill…
His hope is that the roughly 30,000 body brushes and exfoliating gloves make it to Bare Botanics’ facility in Madison, Wis., before Inauguration Day. He thinks Trump is serious about his campaign promise to impose tariffs of 60% on all Chinese goods. American businesses are dusting off a playbook they used during Trump’s first term:…