Donald Trump’s trade advisor Peter Navarro warned global economies of risk ‘with respect to exposure to China’ and said that if “Chinese vampire” cannot suck the American blood then it will suck the UK and EU blood. Peter Navarro was a key force behind the Trump tariffs, reportedly intended to isolate China, and bring a…
HSBC subsidiary Hang Seng Bank appointed Gilbert Lee Man-lung, the eldest son of Hong Kong Chief Executive John Lee Ka-chiu, as deputy head of its China unit. The lender said that it would promote the junior Lee, 47, to vice-chairman of Hang Seng Bank (China) from his current position as head of strategy and planning…
The paper was cited by the U.S. Trade Representative (USTR) in a statement released last week explaining the calculations behind the major import tariffs announced by President Trump that threaten to pull the global economy into a recession. File | Photo Credit: Reuters An economist whose work was cited by U.S. President Donald Trump’s administration…
According to Goldman’s report on Sunday, the impact of the tariffs could be blunted by a 2 trillion yuan (US$275 billion) fiscal package from Beijing to support the economy and consumer consumption. Goldman cut its 12-month growth estimate for the MSCI China Index to 10 per cent from 16 per cent, while the CSI300 Index…
President Donald Trump on Thursday ordered his administration to consider imposing reciprocal tariffs on numerous trading partners noting that ‘the United States will no longer tolerate being ripped off’. A White House statement quoting President Trump said that despite the US having an open economy, its trading partners block US exports. “And reciprocal trade will…
Hong Kong’s economic recovery is likely to be hindered by America’s decision to impose a 10 per cent tariff on Chinese goods, with the move to also exacerbate the woes of small and medium-sized enterprises, business leaders and lawmakers have warned. They also said on Saturday that the local government was facing increasing pressure to…
Canada and Mexico have secured a 30-day reprieve on tariffs from US President Donald Trump. In exchange for a tariff pause, Canada and Mexico agreed to boost border security and curb illegal activities. A 10% tariff on Chinese goods was not delayed, prompting China to slap retaliatory tariffs on the US. US President Donald Trump…
US President Donald Trump speaks to the press after signing an executive order in the Oval Office of the White House in Washington, DC on January 31, 2025. Trump tariff live updates: US President Donald Trump has announced tariffs on major US trading partners Canada, Mexico and China, citing a “major threat” from illegal immigration…
United States President Donald Trump, on Saturday, signed an executive order imposing new tariffs on imports from Canada, Mexico, and China, sharply escalating tensions with these three neighboring nations. While Trump had long threatened such measures, the signing of this order marked a significant turning point, triggering swift retaliatory tariffs from all three countries. The…
President Xi Jinping, his colleagues from the Politburo and other economic mandarins are expected to gather this month for the annual tone-setting economic work conference. Stock traders are particularly interested in the gathering after disappointment with Beijing’s latest attempt at stimulus and are eager for signs of more supportive policies after US president-elect Donald Trump…