President Trump made one of the biggest gambles of his presidency Tuesday by initiating sweeping tariffs with no clear rationale on imports from Canada, Mexico and China, triggering a trade war that risks undermining the United States economy. His actions have upended diplomatic relations with America’s largest trading partners, sent markets tumbling, and provoked retaliation on U.S. products — leaving …
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Trump’s Tariffs on Canada, Mexico and China Snap Into Effect
Sweeping tariffs on imports from Canada, Mexico and China went into effect just after midnight on Tuesday, raising U.S. tariffs to levels not seen in decades and rattling foreign governments and businesses that depend on international trade. As of 12:01 a.m. Tuesday, the Trump administration added a 25 percent tariff on all imports from Canada and Mexico. The administration also …
Read More »Trump Turns Up Trade Pressure on China After Beijing Fails to Come Running
When President Trump threatened tariffs on Canada, Mexico and China in January, saying those countries needed to do more to stop the flow of drugs and migrants into the United States, Canadian and Mexican officials raced to Washington, bearing charts and videos detailing their efforts to toughen their borders. Canada created a “fentanyl czar” and committed fresh resources to combating …
Read More »When It Comes to Tariffs, Trump Can’t Have It All
President Trump has issued an unremitting stream of tariff threats in his first month in office, accompanied by nearly as many reasons for why they should go into effect. Tariffs on Canada, Mexico and China are a cudgel to force those countries, America’s largest trading partners, to crack down on the flow of drugs and migrants into the United States. …
Read More »Trump’s New Crackdown on China Is Just Beginning
President Trump’s tough talk on China typically centers on tariffs. But a closer look at the decisions he has made since taking office shows that the president is considering a far wider set of economic restrictions on Beijing, ones that could hasten America’s split from a critical trading partner. The Trump administration has so far proposed expanding restrictions on investments …
Read More »Company threatens to fire employees if they don’t get married – SUCH TV
A company based in China’s Shandong province caught the attention of government officials after it threatened to fire its single and divorced employees if they remained single by the end of September. According to a report in South China Morning Post, Shandong Shuntian Chemical Group Co. Ltd., issued a notice to its 1,200-odd employees, emphasising that they work well and …
Read More »China promises Latin America ‘trustworthy’ ties as Trump lays out demands – SUCH TV
China will always be Latin America’s “trustworthy” friend and partner, its foreign minister told his Bolivian counterpart, as Beijing looks to improve its foothold in a region historically under the US sphere of influence. “Latin America is the home of the Latin American people, and is not any country’s ‘backyard’,” Chinese Foreign Minister Wang Yi said during a meeting at …
Read More »Trump Eyes a Bigger, Better Trade Deal With China
During the Biden administration, Donald J. Trump would sit in his mirrored and gold-trimmed salon at Mar-a-Lago where he had once hosted China’s leader, Xi Jinping, brooding to visitors about the outcome of the trade agreement he signed with China in 2020. Mr. Trump would castigate “stupid people” in the White House for failing to honor “my trade agreement,” and …
Read More »Where China’s Exports Begin: Inside the Vast Markets of Guangzhou
Rows of white concrete buildings near the Pearl River in southern China house one of the world’s fastest-growing industries: Gritty workshops are churning out inexpensive clothing that is exported straight to homes and small businesses around the world. No tariffs are paid, and no customs inspections are conducted. The laborers who make these goods earn as little as $5 an …
Read More »Trump’s Tariffs on Steel and Aluminum Re-Up Contentious First-Term Policies
President Trump is poised to move forward with sweeping tariffs on foreign steel and aluminum on Monday, re-upping a policy from his first term that pleased domestic metal makers, but hurt other American industries and ignited trade wars with allies on multiple fronts. The 25 percent tariffs that the president said he would impose on foreign steel and aluminum will …
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