BEIJING — China’s stock market is buzzing over government promises to tackle price wars that have hurt profits and worsened global trade tensions. The prevailing catchphrase is “anti-involution,” and it reflects efforts to curb intense competition and overcapacity in industries like solar panels, steel, and electric vehicles. With rising trade barriers such as President Donald…
HONG KONG (AP) — China on Tuesday announced a flurry of retaliatory measures against the U.S., including tariffs on imports of products such as coal, liquefied natural gas products and crude oil, as well as an antitrust probe into Google. It also placed two other U.S. firms on an unreliable entity list that could bar…
WASHINGTON (AP) — From an ice cream parlor in California to a medical supply business in North Carolina to a T-shirt vendor outside Detroit, U.S. businesses are bracing to take a hit from the taxes President Donald Trump imposed Saturday on imports from Canada, Mexico and China — America’s three biggest trading partners. The levies…