Latest in Chinese manufacturers scramble to mitigate tariff pain amid an escalating global trade war
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Chinese manufacturers scramble to mitigate tariff pain amid an escalating global trade war
As Washington-Beijing trade tensions flare, Chinese manufacturers are scrambling for ways to adjust their supply chains and head off the escalating tariffs.CNBC - 1d -
Trump threatens China with additional 10% tariff in escalation of trade war
US president also insists delayed tariffs on imports from Canada and Mexico will go into effect on 4 March. US politics live – latest updates Donald Trump has threatened China with an ...The Guardian - 6d -
Trade war escalates as U.S., Canada and China impose new tariffs
President Trump's 25% tariffs on Canadian and Mexican goods took effect overnight, prompting Canada to retaliate with its own tariffs. Meanwhile, Trump doubled tariffs on Chinese imports to 20%, ...CBS News - 1d -
Trump Takes Aim at Chinese Shipping Amid Widening Trade War
A new proposal would impose steep levies on Chinese-made ships arriving at U.S. ports, threatening to increase costs for imports.The New York Times - Feb. 27 -
Chinese delegates avoid questions as they gather amid Trump's trade war
China's assembled delegates don't care to discuss President Trump's escalating trade war, but the underlying message from Beijing is one of confidence.CBS News - 12h -
Chinese manufacturing returns to growth despite threat of higher Trump tariffs
Fastest expansion in three months as new orders rise at Chinese factories. China’s manufacturing activity expanded at the fastest pace in three months in February, despite the looming threat that ...The Guardian - 3d -
Stocks sink as Trump trade war with Canada, Mexico escalates
The stock market opened Tuesday with losses after President Trump's steep tariffs on Canadian and Mexican goods went into effect, spurring retaliation from the U.S.'s two top trading partners. The ...The Hill - 1d -
Trump to address Congress amid tariff war backdrop
{beacon} 12:30 REPORT Happy Fat Tuesday, which also happens to be National Pancake Day (free pancakes at IHOP today!). Today's forecast in DC: ⛅ 55° (Find your weather here) In today's issue: ...The Hill - 1d -
Why President Trump is pursuing a 'sledgehammer' approach with tariffs and global trade deals
President Donald Trump's aggressive tariff plans covering many key economic allies and trading partners of the U.S. has support by the numbers.CNBC - Feb. 20 -
Trump trade war intensifies as tariffs go into place
Americans awoke Tuesday morning to an intensifying trade war, as President Trump’s newest tariffs on Canadian, Mexican and Chinese imports were imposed and those countries quickly moved to ...The Hill - 1d -
Trump tariffs part of ‘drug war,’ not ‘trade war’: Commerce secretary
Commerce Secretary Howard Lutnick said President Trump’s tariffs on other countries are part of a “drug war,” not a “trade war.” Lutnick joined CNBC on Tuesday, just hours after Trump’s 25 percent ...The Hill - 1d -
China sets GDP target of 5% for 2025 amid tariff war with Trump
Economists believe that meeting the target will be challenging as Beijing grapples with Donald Trump’s new trade war. Explained: what is China’s Two Sessions meeting? China has set its GDP ...The Guardian - 22h -
Bank of England governor says risks to UK, global economy from trade wars ‘substantial’ – as it happened
Andrew Bailey says ‘essential that we don’t abandon multilateralism;’ European stock markets, euro rally after Germany announces fiscal ‘bazooka’. German stock markets are surging while the ...The Guardian - 11h -
'Tariff war, a trade war or any other type of war' — China says it's ready to fight U.S. until the end
Beijing announced Tuesday additional tariffs as high as 15% on certain U.S. goods, starting from March 10 and a series of new export restrictions for designated U.S. entities.CNBC - 26m -
Trump’s tariffs loom suddenly through the fog of trade war
In the US president’s mind, the trade instruments blur into one anotherFinancial Times - 2d -
Stock markets fall after US tariffs spark trade war fears
Stock markets in the US, Asia and the UK dip after Trump tariffs kicked in and spark retaliation.BBC News - 1d -
Reeves warns trade war will harm UK’s economy even if it avoids tariffs
Chancellor says growth and inflation will be hit by fallout from global frictionFinancial Times - 1d -
Trudeau condemns ‘dumb’ Trump trade war as Canada strikes back with tariffs
Canada’s prime minister says the US president wants to usher in the ‘complete collapse’ of the Canadian economy. Justin Trudeau has claimed the aim of a “dumb” trade war launched by Donald ...The Guardian - 1d -
Stocks drop over concerns of a trade war sparked by Trump's tariffs
Concern is growing over the impact of President Donald Trump’s trade war against the United States’ three most important trading partners: Mexico, Canada and China, who are all vowing to retaliate. ...NBC News - 15h -
Trump says a "little disturbance" in markets is ok after stocks plunge amid trade war
The S&P lost all post-Election Day gains as stocks tumbled for a second day Tuesday amid President Trump's trade war. Mr. Trump addressed the market and detailed his plan for tax cuts during his ...CBS News - 14h -
'Profoundly disrespectful': USAID staffers scramble to gather belongings amid layoffs
Hundreds of supporters gathered outside of the Ronald Reagan Building in Washington, D.C., on Thursday as ousted USAID workers cleared out their desks.ABC News - 6d -
Trump says a 'little disturbance' from tariffs is OK, as markets reel from trade war fears
President Donald Trump conceded before a joint session of Congress that his steep new tariffs will cause "a little disturbance."CNBC - 15h -
Chinese Hospital Bankruptcies Soar Amid Financial Strains
Still recovering from heavy spending during the pandemic, hospitals are squeezed by a slumping economy and government efforts to curb health care spending.The New York Times - Feb. 20 -
Trump looms over the successful global expansion of Chinese smartphone players
Chinese smartphone players like Xiaomi have found success over the past few years expanding globally.CNBC - 21h -
February Manufacturing Stays Stable, Though Tariff Storm Looms
The Institute for Supply Management said output remained fairly steady, but tariffs on raw materials threaten U.S. growth.Inc. - 2d -
Will TSMC escape tariffs with pledge for $100B in U.S. chip manufacturing plants?
It’s been a whirlwind of news on the tariff front and Taiwan has avoided tariffs for now. But the timing of a $100 billion commitment by TSMC to build chip manufacturing plants in the U.S. may have ...VentureBeat - 1d -
Trump’s tariffs will bring ‘nothing but pain’ to rural America, farmers say
Agriculture industry warns customers are looking elsewhere for key commoditiesFinancial Times - 1d -
As U.S. Tariffs Become Reality, Canadians Prepare for Economic Pain
An expert in the automotive industry says factories may shut down in days as costs skyrocket and President Trump disrupts decades of economic integration with steep tariffs.The New York Times - 13h -
FirstFT: Trump tariffs hit global stock markets
Also in today’s newsletter, US suspends Ukraine military aid and global government borrowing set to hit recordFinancial Times - 1d -
Trade wars are bad, and hard to win
President Trump thinks that trade wars are easy and winnable. They are neither, as we keep learning the hard way.The Hill - 2d -
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Martin Wolf talks to Richard Baldwin: What’s the future of global trade?
Is technology making tariffs redundant?Financial Times - Feb. 24 -
Manufacturers boost durable-goods orders ahead of tariffs, but industry slump hasn’t ended
A key measure of business orders rose in January for the third month in a row, but it’s likely the sudden improvement reflects businesses rushing to buy parts and supplies ahead of potential U.S. ...MarketWatch - 6d -
Eye Opener: Global markets react to new U.S. tariffs
Global markets react to new U.S. tariffs on imports from Mexico, Canada and China as President Trump gets ready to speak to Congress. Also, the Trump administration temporarily suspends all ...CBS News - 1d -
'Tariff taskforce': Pharma firms scramble to prepare even as Trump levies risk flouting WTO rules
Europe's pharmaceutical firms are rushing to prepare for the potential fallout of U.S. import duties, even as analysts warn that levies on the sector could break global trade rules.CNBC - 1d -
Trump to ratchet up China tariffs again. Here’s why American consumers will feel the pain this time.
New York Fed analysis suggests “missing imports” from China could mean higher costs ahead.MarketWatch - 6d -
Chinese importers’ tactic for beating US tariffs: pile it high
Warehouses have become buffers against political volatilityFinancial Times - 5d -
Faced with Trump's tariffs, some Chinese firms simply relocate
As Trump's trade war with China brings reciprocal tariffs, many Chinese firms are investing in operations elsewhere to avoid the burden.CBS News - 2d -
Chinese-owned factories move to Cambodia to avoid U.S. tariffs
As Trump's trade war with China brings reciprocal tariffs, many Chinese firms are investing in operations elsewhere to avoid the burden. Anna Coren reports from Cambodia.CBS News - 2d
