China broke its own record in installing renewable power in 2024, as the world’s top polluter continues to push its energy transition while the US shifts away from fighting climate change. The world’s second-largest economy added roughly 277 gigawatts of solar last year, surpassing the previous year’s record of 217 gigawatts, the National Energy Administration…
For President Xi Jinping, the stage was set for an explosive start to Donald Trump’s presidency, after he campaigned on a promise to punish China with tariffs. Instead, the American leader’s first day back in office bought Beijing some unexpected breathing room. On the campaign trail, Trump floated tariffs on China around the 60% mark…
Supply Lines is a daily newsletter that tracks global trade. Sign up here. President Donald Trump held off unveiling China-specific tariffs on his first day on office, instead ordering his administration to address unfair trade practices globally and investigate whether Beijing had complied with a deal signed during his first term. Source link
A gauge tracking emerging market currencies rallied, while the dollar fell sharply, after a report that Donald Trump would refrain from imposing new tariffs on his first day back as US President. The MSCI EM currency index jumped to a session high following the Wall Street Journal report, and was set for the best day…
The dollar fell sharply on a reportBloomberg Terminal that US President-elect Donald Trump would refrain from implementing aggressive tariffs immediately after his inauguration later in the day. A Bloomberg gauge of the dollar extended losses to as much as 1.2% as the Wall Street Journal reported Trump will stop short of imposing new tariffs on…
Chinese Vice President Han Zheng met billionaire Elon Musk and other US business figures, underscoring Beijing’s efforts to set a positive tone in ties with the US before President-elect Donald Trump returns to office. Han said US firms were welcome in China during the sitdown in Washington on Sunday with Musk, who is Tesla’s CEO…
A multi-nation survey published last week found a significant decline in the proportion of Ukrainians who believe they can beat Russia’s invasion. Small wonder. For Kyiv, 2024 was a nightmare, created in large part by a collapse of the early war’s winning formula: the matching of Ukrainian motivated manpower to sophisticated Western arsenals. So does…
Donald Trump pledged to delay enforcement of a national security law that threatened to ban TikTok. Yet it’s not clear whether the app’s Chinese parent is able — or willing — to secure a US backer in time to avoid a permanent shutdown. Most immediate is the question of whether such an extension would be…
China is facing a repeat of the tensions and uncertainty from the first presidency of Donald Trump, only with a weaker economy that’s even more reliant on exports than it was during the first trade war with the US. China’s record trade surplus of nearly $1 trillion last year was equivalent to more than 5%…
With Donald Trump about to start a second term in the White House, investors around the globe are bracing for big changes in trade policies. One sector they’re zeroing in on is China tech, and the sentiment is: wait and see. The cost of protecting against swings in the Hang Seng Tech Index is hovering…