On December 18, China made a bold move on the global economic chessboard. It launched a massive free-trade experiment by turning the entire island province of Hainan – an area, comparable in size to Belgium, whose gross domestic product was US$113 billion last year – into a duty-free customs zone. A new narrative has now…
National Economic Council Director Kevin Hassett said Sunday that the Trump administration expects the US Supreme Court to rule in its favor in a case that challenges the legality of President Trump’s tariffs. The court’s decision could not only invalidate most of the tariffs but possibly force the government to issue refunds of up to…
National Economic Council Director Kevin Hassett said Sunday that the Trump administration expects the US Supreme Court to rule in its favor in a case that challenges the legality of President Trump’s tariffs. The court’s decision could not only invalidate most of the new tariffs, but possibly force the government to issue refunds of up…
Last week, as officials weighed the decision, Huang told reporters in Washington that he had no clue if China would accept H200 chips. (Graeme Sloan/Bloomberg) December 12, 2025 4:49 PM, EST Key Takeaways: China is rejecting Nvidia’s H200 AI chip in favor of domestic semiconductors, White House AI czar David Sacks said, questioning a Trump administration strategy…
A worker cuts a stainless steel sheet at a steel manufacturing facility in Mexico City. (Mauricio Palos/Bloomberg) December 11, 2025 9:58 AM, EST [Stay on top of transportation news: Get TTNews in your inbox.] Mexican lawmakers gave final approval for new tariffs on Asian imports, broadly aligning with U.S. efforts to tighten trade barriers against…
China’s trade surplus has topped $US1 trillion ($1.5 trillion) for the first time as manufacturers seeking to avoid President Donald Trump’s tariffs shipped more to non-US markets, with exports to Europe, Australia and South-East Asia surging. Shipments to the United States dropped by close to one-third when comparing November data to the same month last…
President Donald Trump on Monday announced a $12 billion farm aid package aimed at helping producers squeezed by rising costs and shrinking export markets following his decision to raise tariffs on China as part of a broader trade war. Trump unveiled the plan during a White House roundtable with Treasury Secretary Scott Bessent, Agriculture Secretary…
Spain’s Agriculture Ministry said it has halted all pork exports to China after two wild boar found dead near Barcelona tested positive for African swine flu, the first cases in three decades. The outbreak, the first since 1994, coincides with Spanish efforts to court Beijing and gain market share in the pork sector and after…
The markets are volatile—and Wall Street’s most reliable barometer of panic has surged to levels not seen since April, when President Donald Trump’s sweeping “Liberation Day” tariffs triggered a global market meltdown. The Cboe Volatility Index, known as the VIX, peaked at 27.8 on Thursday and closed the day around 26.3—its highest point since the…
President Trump on Thursday signed an executive order removing tariffs on Brazilian beef, coffee and other goods that were previously subject to a 40% levy which Mr. Trump announced in July. Mr. Trump cited “various officials” whom he said advised him that “certain agricultural imports from Brazil should no longer be subject” to the 40%…