“A turning point regarding the Russian invasion of Ukraine is coming,” said Republican Senator Lindsey Graham, who is behind a proposal to impose “bone-crushing” tariffs on Russian exports. “For months, President Trump tried to entice Putin to the peace table. He has left the door open regarding Russia. That door is about to close,” he…
China’s exports saw a stronger-than-anticipated increase in June, according to official data released Monday. The rebound comes after a tentative agreement between Washington and Beijing to ease steep tariffs imposed during their prolonged trade dispute, News.Az reports, citing foreign media. Data from the General Administration of Customs said exports climbed 5.8 percent year-on-year, topping the…
The Chinese government vowed to increase oversight of the nation’s beleaguered solar industry, which has suffered billions of dollars in losses as an over-abundance of manufacturing capacity slashes prices. The Ministry of Industry and Information Technology said in a statement that it would strengthen its guidance over the industry to help it solve urgent problems….
Chinese shares traded in Hong Kong fell on Monday, as heightened US-China trade tensions jolted market sentiment. The Hang Seng China Enterprises Index dropped as much as 2%, after a gauge of Chinese stocks traded in the US fell 2.7% on Friday. The onshore market is closed for holiday on Monday. Source link
Gov. Arnold I. Palacios delivers his remarks during the ribbon-cutting ceremony for the expansion of Docomo Pacific’s call center on Middle Road in Gualo Rai on Friday. Photo by Emmanuel T. Erediano U.S. manufacturing companies that import components of their products are looking at relocating to the CNMI in response to President Donald Trump’s imposition…
Washington’s decision to impose reciprocal tariffs on Chinese goods could force Hong Kong manufacturers to cut jobs or even close down, as many businesses are set to struggle to navigate global trade frictions, analysts have warned. Experts also said the sweeping tariffs would create a vicious cycle where consumption in the US would greatly diminish…
The final list of countermeasures prepared by the Commission to respond to Trump’s steel and aluminum tariffs, which entered force on March 12, will not fully match their estimated impact of €26 billion on EU exports, Trade Commissioner Maroš Šefčovič said after the talks. That’s less than originally intended after EU countries lobbied to remove…
China has an opportunity to act as an elder statesman, thanks to the spectacular own goals of Donald Trump’s tariffs. Usually cast as a disruptor of the postwar economic order, and sometimes relishing the reputation, Beijing has much to gain in the public-relations arena. The challenger can now present as the defender of the system….
President Donald Trump criticized China on Friday, saying it “played it wrong” and “panicked”, after China announced retaliatory tariffs which sent U.S. stock markets tumbling.The Dow closed down 2,200 points on Friday, with the S&P dropping 6% and the Nasdaq falling 5.8%.This rapid rate decline put the stock market at risk of triggering a circuit…
China’s manufacturing activity improved at the fastest pace in four months, according to a private survey, a surprising show of resilience that will be tested as Donald Trump prepares to raise tariffs further on exports into the US. The Caixin manufacturing purchasing managers index rose to 51.2 in March from 50.8 in February, according to…