China’s Tax Revenue Declines as Its Leaders Brace for Trump’s Tariffs
Tax revenues have fallen, leaving the government with less money to help consumers or exporters as Beijing braces for President Trump’s tariffs.
Read more at The New York Times
Topics
-
Trump’s tariffs won’t solve the opioid crisis, but a deal with China might
They provide leverage that Trump should use to strike a deal with China to more comprehensively regulate its pharmaceutical and chemical industries.The Hill - Mar. 12 -
Australia’s record gold exports to US set back its case for tariff relief as Trump trade war looms
Industries across the country are bracing for the impact of the Trump administration’s worldwide tariff regime. Get our breaking news email , free app or daily news podcast A run on gold in ...The Guardian - Mar. 11 -
GOP senator says 'tariffs is a tax' and Trump understands 'completely'
A GOP senator says President Trump's tariffs are a tax on American consumers, and Trump knows but the goal is to create open markets and long-term fairnessThe Hill - Mar. 13 -
UK races to avoid Trump tariffs
US wants Britain to drop its digital services tax, which affects big American companiesFinancial Times - 5d -
China's retaliatory tariffs are a direct hit to U.S. farmers
Here are the products subject to China's retaliatory tariffs, and how U.S. farmers are reacting to Trump's trade policy.CBS News - Mar. 10 -
China says it is ready for ‘shocks’ as fresh Trump tariffs loom
Premier Li tells business leaders Beijing chooses to pursue globalisation and multilateralismFinancial Times - 2d -
Montana Republican meets with Chinese leader amid tariff tensions
Sen. Steve Daines (R-Mont.), a supporter of President Trump, met Saturday with China's economic chief, Vice Premier He Lifeng in Beijing. This was the first visit by a U.S. politician to China ...The Hill - 3d -
China Outlines Plan to Bolster Consumption in Face of Trump Tariffs
Beijing’s leaders are ordering fiscally strapped local governments to spend more to help workers, consumers and businesses.The New York Times - Mar. 18 -
Tax revenue collected by the IRS set to plummet, report says
IRS officials are expecting tax revenue to drop by more than 10% by April 15, the Washington Post reported.CNBC - 1d -
Baidu, once China’s generative AI leader, is battling to regain its position
Baidu has released two new open-source AI models, including a reasoning model, as it vies to regain a leading position in China’s AI space.CNBC - Mar. 18 -
Trump Declines to Rule Out Recession as Tariffs Begin to Bite
President Trump said that Americans would be better off in the long run from his tariffs, which he said would prevent the country from being “ripped off.”The New York Times - Mar. 9 -
Trump defends tariffs in speech to business leaders amid market turmoil
Trump to speak with corporate leaders after stocks plummetNBC News - Mar. 11 -
Trump's tariffs could push U.S. allies elsewhere — including China and India
U.S. tariffs could push allies to forge closer relationships with other countries like China and India, according to former U.S. diplomat Wendy Cutler.CNBC - Mar. 14 -
Why China Is Worried About Trump’s Tariffs on Mexico
China’s exports to developing markets have soared, opening indirect routes to the U.S. market that officials in Beijing worry may be closed under pressure from President Trump.The New York Times - Mar. 14 -
Behind Ontario's tax on electricity for the U.S.
Canada's Ontario province is charging a 25% tax on electricity sent to the U.S. as retaliation over President Trump's tariffs. CBS News' Shanelle Kaul spoke to Ontario's energy minister, Stephen ...CBS News - Mar. 10 -
Volkswagen and Stellantis evade Trump's 25% tariffs, while BMW braces for impact
Some European car manufacturers may be able to avoid new U.S. tariffs, at least temporarily.CNBC - Mar. 10 -
In Latin America, China is finally losing ground
Mexico is reviewing its tariff policy over China, and an American investor group has signed a huge deal taking control over key ports near the Panama Canal, indicating that Trump's America First ...The Hill - Mar. 9 -
U.S. farmers react to China's retaliatory tariff increase
China slapped an additional 15% import tax on American farm products, including pork, poultry, beef and soybeans. Lana Zak reports from Mount Vernon, Iowa. Then, Ed O'Keefe has the latest on ...CBS News - Mar. 10 -
Trump threatens 200% tariff on alcohol from EU
Wine and spirits will be taxed, Trump says, if the EU does not remove tariffs on US whiskey.BBC News - Mar. 13 -
China Hits Canada With Tariffs in Indirect Riposte to Trump
Beijing, which set steep duties on canola, peas and pork, wants Canada and Mexico to resist U.S. pressure to raise tariffs on Chinese goods.The New York Times - Mar. 8 -
Latest news on Trump's trade war with Canada, China
China and Canada have imposed retaliatory tariffs against the U.S. as part of the trade war surrounding President Trump's new policies. CBS News' Weijia Jiang reports.CBS News - Mar. 10 -
A Timeline of Trump’s Tariff Fight With Canada, Mexico, China and the E.U.
In the first 50 days of his second term, President Trump’s penchant for imposing and then suspending tariffs has shaken markets and confounded trading partners.The New York Times - Mar. 13 -
Trump finds unexpected ally in auto union leader over tariffs
UAW President Shawn Fain showed support for President Donald Trump's tariffs, which include 25% levies on automobiles and supporting parts.CNBC - Mar. 10 -
Why the Pentagon Scuttled Its Briefing of Elon Musk on China War Plans
“You wouldn’t show it to a businessman,” President Trump said in denying that Elon Musk was to be briefed on top-secret plans in the event of war with China.The New York Times - 4d -
Noem aware Mexican, Canadian leaders have own 'political environments,' but Trump 'means business' on tariffs
Department of Homeland Security Secretary Kristi Noem said on Sunday that she knows Mexican and Canadian leaders have their own “political environments” but that President Trump “means business” on ...The Hill - Mar. 9 -
Bessent reveals how Trump will decide reciprocal tariffs
President Trump’s reciprocal tariffs could go well beyond matching import taxes imposed on U.S. goods by other nations, Treasury Secretary Scott Bessent said Tuesday. In an interview, Bessent said ...The Hill - Mar. 18 -
As Trump shakes the international order, China casts itself as a model of stability
Even as its economy slows, China is using its annual National People's Congress to present itself as a global stalwart as Trump upends America's alliances.NBC News - Mar. 9 -
Trump threatens to put 200% tariff on French Champagne and other EU spirits
The U.S. tariff comes after the European Union moved to put an import tax on American whiskey.CNBC - Mar. 13 -
Trump threatens Europe with 200 percent tariff on wine, Champagne
President Trump on Thursday threatened to put a hefty 200 percent tariff on wine and Champagne coming in from Europe if the European Union (EU) does not remove a tariff on whisky. “The European ...The Hill - Mar. 13 -
China’s self-driving lidar leader plans tariff-beating overseas factory
Customers urge Hesai to diversify production of key tech for autonomous vehicles to avoid geopolitical tensionsFinancial Times - Mar. 16 -
This American winemaker doesn’t like Trump’s tariffs — but its stock is climbing
Willamette Valley Vineyards founder Jim Bernau said uncertainty caused by Trump’s tariffs is making consumers spend less and has destabilized the U.S. wine industry.MarketWatch - Mar. 14 -
Volkswagen and Stellantis evade Trump's 25% tariffs, while BMW braces for impact
Automakers Volkswagen and Stellantis have confirmed that their vehicles made in North America will be exempt from U.S.NBC News - Mar. 10 -
New China tariffs may mean higher toy prices, but Mattel and Hasbro are working to blunt the impact
Mattel and Hasbro may be forced to raise prices if President Donald Trump’s 20% tariffs on imports from China remain in place, but both companies have mitigation strategies in place.MarketWatch - Mar. 14 -
With Domestic Beer Drinking Declining, Barley Farmers Now Fear Tariffs
Export markets like Canada and Mexico are vital to this agricultural segment. Trump’s trade war now threatens threatens their business.Inc. - Mar. 18 -
Tesla’s Letter to the Trump Administration, Tariffs and a Market Meltdown
Even Elon Musk’s electric vehicle maker is bracing for pain from the trade wars, as stocks fall into correction territory.The New York Times - Mar. 14 -
China can live with Trump’s tariffs – his bullish foreign policy will help Beijing in the long term | Steve Tsang
By turning his back on US allies and global institutions, Trump will help Xi Jinping advance his plan for a China-centric world. Is Donald Trump China’s worst nightmare or a dream come true? He is ...The Guardian - Mar. 12 -
China preparing for a protracted trade war with U.S.
China announced retaliatory tariffs on U.S. agricultural products and targeted 25 American companies in response to the now 20% blanket tariffs President Trump placed on all Chinese goods. Anna ...CBS News - Mar. 9 -
Trump’s tariffs will be paid by the poor – while his tax cuts help the rich | Robert Reich
The math doesn’t work in the president’s economic promises, which will create a giant upward transfer of wealth. Donald Trump apparently believes his tariffs will bring so much money to the US ...The Guardian - Mar. 15 -
Live updates: Trump meets with NATO leader; judge blasts effort to fire federal workers
The Senate must pass a short-term funding bill before the government shutdown, while the White House has pulled its nominee for the CDC and President Trump has threatened Europe with more tariffs ...The Hill - Mar. 13
More from The New York Times
-
Layoffs and Unemployment Grow Among College Graduates
The unemployment rate for college graduates has risen faster than for other workers over the past few years. How worried should they be?The New York Times - 23h -
PBS and NPR Prepare for Showdown With Congress
Top executives from the public media networks are bracing for a hearing on Wednesday organized by Representative Marjorie Taylor Greene.The New York Times - 23h -
Trump Leads a ‘Machinery’ of Misinformation in Second Term
President Trump’s first four years in the White House were filled with falsehoods. Now he and those around him are using false claims to justify their policy changes.The New York Times - 1d -
U.S. Infrastructure Improves, but Cuts May Imperil Progress, Report Says
A report card from an engineering group found that American roads, ports and other infrastructure got better last year but could be hurt if federal funding is reduced.The New York Times - 1d -
Emboldened by Trump, A.I. Companies Lobby for Fewer Rules
After the president made A.I. dominance a top priority, tech companies changed course from a meeker approach under the Biden administration.The New York Times - 1d
More in Business
-
Trump’s War On Innovation Could Drive Talent to China
China’s dominance of the world economy could be nigh.Inc. - 22m -
U.K. expected to unveil more spending cuts amid troubled times for the economy
British lawmakers and the public are waiting to see if Reeves will stick to her self-imposed spending and debt rules.CNBC - 28m -
How Waffle House Stays Open During Extreme Weather
The diner chain, founded by two WWII veterans, is famous for its resilience.Inc. - 46m -
Austan Goolsbee interview transcript
Transcript of an interview with the Chicago Fed presidentFinancial Times - 52m -
Austan Goolsbee interview transcript
Transcript of an interview with the Chicago Fed presidentFinancial Times - 52m