All articles tagged with #trade war
China says it will take all necessary measures to safeguard its interests after Trump proposes a 25% tariff on countries that trade with Iran, in the context of Tehran’s crackdown and broader US-Iran tensions; details on how the tariff would be applied remain unclear while global markets watch potential spillovers in a tense trade dynamic.
Vietnam's Bac Ninh has transformed from a traditional rice-farming region into a bustling manufacturing hub, attracting foreign investment and Chinese companies shifting out of China due to trade tensions. Despite rapid growth, challenges like rising labor costs, infrastructure limits, and competition from other Southeast Asian countries threaten its trajectory. Vietnam aims to upgrade its industry to higher-value products and diversify export markets to sustain its economic momentum.
The FCC chair Brendan Carr is speaking at CES, where he might address the controversial DJI drone ban, a result of the US-China trade tensions and national security concerns, but the event's vague agenda leaves it uncertain whether the topic will be discussed.
Bank of America CEO Brian Moynihan states that the trade war is de-escalating, with tariffs settling around 15% for many countries, except for China and USMCA trade, which remain complex due to security and policy issues. The overall trade tensions are easing, providing clearer rules for businesses, though concerns about labor and immigration persist for smaller firms.
The article details Europe's challenging year dealing with U.S. trade policies under Trump, including tariffs and trade tensions, which prompted the EU to strengthen its trade defenses, seek new alliances, and consider alternative trade strategies amid ongoing conflicts and retaliations.
The Trump administration has accused China of engaging in unfair trade practices related to the semiconductor industry, amid ongoing tensions and a broader trade war between the two countries.
Jim Beam plans to pause production at its main Kentucky distillery starting January 1 to invest in site improvements, amid rising bourbon inventories and ongoing trade uncertainties affecting the spirits industry.
The article discusses a year of challenges to the rules-based international order during Trump's presidency, highlighting his trade war and tariff policies, and their implications for global politics and economics.
China is heavily investing in Latin American port infrastructure, such as the Port of Santos and Chancay, to secure long-term access to regional agricultural exports, especially soybeans, potentially sidelining U.S. farmers and impacting American port traffic and trade dynamics amid ongoing trade tensions and tariffs.
Despite US trade tensions and tariffs, the OECD expects the global economy to grow 3.2% in 2025, with the US economy expanding by 2%, and highlights resilience amid policy uncertainties and investments in AI, with China and India also showing strong growth.
The Supreme Court is considering a case that could overturn most of Trump's tariffs, potentially leading to lower prices, faster growth, and higher employment, although Trump might reinstate tariffs on different legal grounds. The case questions whether the president's use of the International Emergency Economic Powers Act to justify tariffs is legally valid, as many experts dispute the law's applicability to trade deficits.
An analyst suggests that the most conservative Supreme Court justices are likely to join liberals in striking down President Trump's global tariffs, potentially leading to a 7-2 vote against him, though other legal avenues may allow tariffs to persist, indicating ongoing trade tensions regardless of the court's decision.
China's exports declined by 1.1% in October, the worst since February, mainly due to the fading effect of front-loading US-bound goods before tariffs increased, highlighting the country's reliance on US demand and the impact of global economic slowdown. Despite a temporary trade truce, US tariffs remain high, and domestic demand is weak, prompting China to focus on boosting internal consumption and diversifying trade relations.
US manufacturing has been in decline for eight consecutive months, with the PMI dropping to 48.7 in October due to subdued new orders, supply chain disruptions, and the ongoing impact of tariffs, which have hurt exports, increased costs, and slowed production, despite government efforts to stimulate the sector.
The US Supreme Court is set to decide on the legality of Trump's tariffs imposed using the 1977 International Emergency Economic Powers Act, a case that could significantly impact Trump's trade strategy, national security, and international trade relations, with potential refunds for billions of dollars and broad implications for businesses and presidential power.