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…
Even though policymakers in Beijing may be putting up a sanguine show, not all is well with China’s economy. Its latest official data reveals that prices in China fell 0.7% from a year earlier in February, marking the first time in more than a year that the economy is in the grip of deflation. Also…
(CNN) – China is imposing new retaliatory tariffs on certain United States agricultural goods Monday. President Donald Trump says his trade policies will make the U.S. richer in the end, but his administration is starting to acknowledge the potential for some short-term pain for Americans. Some American trade partners are cracking down on U.S. exports….
(CNN) – China is imposing new retaliatory tariffs on certain United States agricultural goods Monday. President Donald Trump says his trade policies will make the U.S. richer in the end, but his administration is starting to acknowledge the potential for some short-term pain for Americans. Some American trade partners are cracking down on U.S. exports….
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China’s imports, exports cool as US tariffs cast chill over trade China’s export growth slowed in the first two months of 2025 compared to the end of 2024, a…