Tag: tariffs
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ASEAN Plans Joint Response to Trump’s Tariffs: It Won’t Work
Trump’s latest tariffs aren’t just an attack on Southeast Asia — they’re a calculated strike at China’s economic flank. Vietnam has a 46% tariff, Cambodia and Laos have 49% and 48%, and Thailand, Indonesia, Malaysia, and Singapore have rates between ...
“Ugly Monday” Kicks Off China’s Response to U.S. Tariffs
China’s stock market suffered the largest losses since 2022 as investors braced for the impact of China’s countermeasures to cumulative tariffs of more than 50% imposed by the Trump administration. Beijing announced 34% retaliatory tariffs on all U.S. imports on Friday. The announcement came during a long weekend ...
The New “Washington Dissensus” & the Uncertain Future of Global Economic Leadership
By Lukas Fiala With markets reeling from U.S. President Donald Trump’s tariff bazooka, economists around the world are seemingly waking up to the new reality of the "Washington Dissensus." America rejects the very idea of the world it has created, its ...
China Manufacturing Activity Grows for Second Straight Month
China's manufacturing activity grew in March for the second month in a row, official data showed Monday, as the world's second-largest economy fights to climb out of a prolonged slump. Authorities have looked in recent months to revive confidence in the ...
China’s Xi Warns Foreign Executives of ‘Severe’ Trade Headwinds
By Isabel Kua and Peter Catterall Chinese leader Xi Jinping on Friday warned of "severe challenges" to global trade, vowing to open the country's door "wider and wider" to foreign firms as Beijing faces down a mounting trade war with the ...
Trump Moves to Punish Venezuelan Oil Trade, With China and India Likely to Feel the Blow
By Beiyi Seow and Becca Milfed U.S. President Donald Trump announced Monday steep tariffs on imports from countries buying Venezuelan oil and gas, a punitive measure that could hit China and India, among others, and sow fresh global trade uncertainty.
As Trade War Worsens, Chinese Ag Buyers Shift From U.S., Canada to Brazil
Beginning Monday, China will increase tariffs on U.S. chicken, wheat, corn, and cotton exports by 15%, with duties on a slate of other food products, including soybeans, pork, and beef, going up by an additional 10%. The Commerce Ministry in Beijing says these latest measures are in response to 20% ...
Mexico to Review Its Tariffs With China, President Says
Mexican President Claudia Sheinbaum, under U.S. pressure not to allow her country to be a backdoor for Chinese goods, said Thursday that her government would review its tariffs with Beijing. Mexico imports "many products from China" that have hit domestic industries, ...
China’s Retaliation to U.S. Tariffs Could Boost Trade with Global South
U.S. tariffs on imports from China, Mexico, and Canada went into effect right after midnight on Tuesday. Citing a lack of action on restricting precursor chemicals used to make fentanyl, the U.S. added 10% on top of an already-imposed 10% tariff on Chinese imports, while those from ...
U.S. Lawmakers Want to Close Back Doors That Chinese Companies Use to Circumvent Tariffs
A bipartisan group of lawmakers in the U.S. Senate is set to introduce new legislation on Monday aimed at cracking down on Chinese companies that shift production to other countries to circumvent tariffs. The bill, if passed, would allow the Commerce Department ...
Phase 3 of the Belt & Road Initiative: Develop New Supply Chains
Princeton University Post-Doctoral Researcher Kyle Chan recently published a fascinating new map of that shows the surge of Chinese manufacturing investment around the world between 2019 and 2024. Unsurprisingly, the map reveals heavy investment in Southeast Asia but relatively little in Africa ...
Asian Markets Climb on China Fiscal Hopes Against Trump Tariffs
Asian markets climbed on Monday in hopes that China would announce a huge stimulus package to help offset U.S. President Donald Trump's looming tariffs on Chinese goods. Investors were also watching for any last-ditch deals to ward off the levies hitting ...