This is a representational AI image American importers are finding it hard to cope with a wave of new tariffs on Chinese goods announced by US President Donald Trump, with some warning of dire consequences. Rick Woldenberg, CEO of Illinois-based educational toy company Learning Resources, called the situation “the end of days” after Trump abruptly…
The two largest economies in the world – the United States and China – are at war, with tariffs being used by either side as its weapon. While the US has increased reciprocal tariffs on all Chinese goods from 10 per cent on April 1, to 104 per cent today; China has retaliated by upping…
The Trump administration took aim at China with a series of moves involving investment, trade and other issues that raises the risk ties may soon worsen between the US and its top economic rival.In recent days, President Donald Trump has rolled out a memorandum telling a key government committee to curb Chinese spending on tech,…