The global aviation industry could benefit from Donald Trump’s re-election if he can end the Russia-Ukraine war and break the airspace deadlock, but Hong Kong’s air cargo business is set to suffer with his increased tariffs against China, industry leaders and analysts have said. Subhas Menon, director general of the Association of Asia-Pacific Airlines (AAPA),…
1. Chinese EV makers Nio, Xpeng, Geely’s Zeekr and Leapmotor face do-or-die moment amid overcapacity and tariff woes China’s electric-vehicle manufacturers face a critical juncture as overcapacity and high tariffs force unprofitable companies to cut costs and launch new models to survive in a fiercely competitive market. Only self-sustaining firms will endure, analysts predict, as…
FRANKFURT (Reuters) -Brussels and Beijing are nearing a solution over tariffs on Chinese electric vehicle imports into the bloc, the chair of the trade committee of the European Parliament told a German broadcaster. “We are close to an agreement: China could commit to offering e-cars in the EU at a minimum price,” Bernd Lange told…
Gearing up to deal with the tough tariff increases by the incoming Trump administration in the US, China on Thursday announced new policy measures to back its export sector against “unreasonable foreign trade restrictions” and create a “good environment” for its exports. US President-elect Donald Trump, who launched a trade war against China in his…
By Eduardo Baptista and Lisandra Paraguassu Bracing for Trump tariffs, China’s Xi makes diplomatic push at global summits RIO DE JANEIRO/BRASILIA, – In his first global meetings since Donald Trump was reelected to lead the U.S., Chinese President Xi Jinping went on a diplomatic offensive, hedging against expected new tariffs and preparing to exploit potential…
InnovationRx is your weekly digest of healthcare news. To get it in your inbox, subscribe here. Getty Images President-elect Trump has announced his plans to appoint two key people to healthcare roles in his upcoming Administration: Robert F. Kennedy, Jr. for Secretary of Health and Human Services last Thursday, and Mehmet Oz for administrator of…
China braces for second Trump term – CBS News Watch CBS News While on the campaign trail, President-elect Donald Trump vowed to put large tariffs on Chinese goods to protect American manufacturing, which might threaten the Asian nation’s already-slowing economy. But Chinese President Xi Jinping warned the aggressive tariff plan would be like “going back…
HONG KONG — Prominent economist Stephen Roach has warned against underestimating U.S. President-elect Donald Trump’s campaign promise to slap heavy trade tariffs on China and the rest of the world. “There is a great conviction that the world economy is in perfect shape right now, but here I tell you that is overly optimistic,” Roach,…
Nov 15, 2024 09:25 PM IST President-elect Donald Trump has pledged to levy tariffs on imported goods as part of his second-term economic strategy. President-elect Donald Trump has pledged to levy tariffs on imported goods as part of his second-term economic strategy. The main country on Trump’s hit list to face harshest penalties is China….
US president-elect Donald Trump’s second term could have severe repercussions for American and Chinese societies if fears of an expanded national security posture and rising economic barriers are realised, according to a US-China relations expert. Stephen Orlins, president of the National Committee on US-China Relations, a New York-based non-profit advisory group, said a worst-case scenario…