Tag Archives: China

On Thursday morning, Tim Cook, Apple’s chief executive, woke up to the worst day for his company’s stock in five years. Apple shares fell more than 9 percent in response to President Trump’s plan to put steep tariffs on products made abroad. The declines at the world’s most valuable company led a sharp sell-off in tech stocks as the Nasdaq …

With the new tariffs announced on Wednesday in Washington, President Trump has now imposed additional tariffs on Chinese goods of 54 percent — an extremely heavy burden that will cause companies to look elsewhere for suppliers. Mr. Trump added a 34 percent tariff on imports from China, to take effect on April 9, on top of two earlier rounds of …

President Trump’s announcement of sweeping tariffs on America’s trading partners has widened the rift between the United States and some of its closest allies while reconfiguring the global economic order. Mr. Trump’s plan, which he unveiled on Wednesday and is calling “reciprocal,” would impose a wave of tariffs on dozens of other countries. Among major economies hardest hit were the …

The Trump administration on Tuesday added 80 companies and organizations to a list of companies that are barred from buying American technology and other exports because of national security concerns. The move, which targeted primarily Chinese firms, cracks down on companies that have been big buyers of American chips from Nvidia, Intel and AMD. It also closed loopholes that Trump …

The top diplomats from Japan, China and South Korea met in Tokyo on Saturday, seeking common ground on East Asian security and economic issues amid escalating global uncertainty. “Given the increasingly severe international situation, I believe we may truly be at a turning point in history,” Japanese Foreign Minister Takeshi Iwaya said at the start of the meeting in Tokyo …

President Trump fueled new speculation this week about a meeting with China’s top leader, Xi Jinping, when he told reporters that Washington needed to be cleaned up to prepare for a summit between the two leaders in the “not too distant future.” Mr. Trump provided no details, and China has said nothing publicly about any such meeting. The stakes of …

The navies of Iran, Russia and China will hold military drills off the coast of Iran this week in a bid to boost cooperation, Iranian media reported on Sunday. The three countries, which share a common desire to counter what they characterise as American hegemony, have held similar exercises in the region in recent years. The drills “will begin on …

As President Trump puts new tariffs on goods from China and threatens a trade war with allies like Mexico and Canada, one global company is likely to suffer less than most of its competitors: Tesla. But the electric car maker led by Elon Musk, which accounts for a third of the billionaire’s wealth, is also vulnerable if relations with China …

Meltdown The markets have spoken. The S&P 500 is on track for its worst weekly loss since the collapse of the Silicon Valley Bank crisis two years ago. And investors have wiped out post-Election Day gains as President Trump’s dizzying start-stop tariff policy fuels volatility on trading floors and in boardrooms. Another test comes this morning with the jobs report …

Sweeping tariffs imposed by President Trump threatened economic upheaval for consumers and businesses in the United States on Tuesday as the country’s biggest trading partners struck back, raising fears of a burgeoning trade war. Canada and China swiftly condemned the U.S. tariffs and announced retaliatory tariffs against American exports. President Claudia Sheinbaum of Mexico said that if the U.S. tariffs …