Electioneering tariff talk belies the reality: China Daily editorial
10 months, 1 week ago

Electioneering tariff talk belies the reality: China Daily editorial

China Daily  

There has been plenty of hoopla about the effectiveness of tariffs when it comes to correcting what in the eyes of US policymakers is unfair trade imbalances. The previous Donald Trump administration initiated a trade war against China, imposing 25 percent additional tariffs on Chinese imports worth $300 billion in 2018. This is because, in US Trade Representative Katherine Tai's words, the US saw "strategic value" in keeping the tariffs in place to reinvigorate US manufacturing. Despite Tai's claim that the tariffs have boosted US domestic manufacturing, US Bureau of Labor data show their contribution to job creation was less than impressive last year. "Before any elected official or appointed officials starts talking about how good tariffs are, they need to look at the results of how these tariffs have been applied to some manufacturers here in America, and how that's actually cost jobs for American manufacturing workers," he said.

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History of this topic

Americans rush to buy cars, appliances before Trump's new tariffs
5 days, 14 hours ago

Americans rush to buy cars, appliances before Trump's new tariffs

China Daily  

NEW YORK -- Americans are scrambling to stock up on cars, appliances and other big-ticket imports in anticipation of new tariffs from the Donald Trump administration, a spending spree that could reignite the very inflation buyers are hoping to avoid, reported The Washington Post on Thursday. "President-elect Trump has vowed to enact widespread tariffs as soon as he takes office …

Better Sino-US ties best option for Trump
6 days, 14 hours ago

Better Sino-US ties best option for Trump

China Daily  

US president-elect Donald Trump Donald Trump's victory in the US presidential election heralds the start of a new era in the United States. On the trade side, high tariffs are imposed on goods imported from China; on the technological side, there is export control on high-precision semiconductors and other hi-tech products; and on the investment side, US companies are forbidden …

US tariffs on China unable to stop China trade growth
Trending News
1 week ago

US tariffs on China unable to stop China trade growth

China Daily  

Vessels dock at the port of Lianyungang, a pilot FTZ area in Jiangsu province. WANG CHUN/FOR CHINA DAILY US president-elect Donald Trump has repeatedly pledged to impose high tariffs on imports from China, including revoking China’s permanent normal trade relations status, resulting in 32 percent tariff, an additional 10 percent tariff, on the basis of the average 19 percent tariff …

US tariffs on China unable to stop China trade growth
Trending News
1 week ago

US tariffs on China unable to stop China trade growth

China Daily  

Vessels dock at the port of Lianyungang, a pilot FTZ area in Jiangsu province. WANG CHUN/FOR CHINA DAILY US president-elect Donald Trump has repeatedly pledged to impose high tariffs on imports from China, including revoking China’s permanent normal trade relations status, resulting in 32 percent tariff, an additional 10 percent tariff, on the basis of the average 19 percent tariff …

Chinese economy can brave external risks
Trending News
1 week, 1 day ago

Chinese economy can brave external risks

China Daily  

The skyline of Beijing. If the 2021-23 inflation surge in the United States helped Donald Trump's election triumph, his likely tariff wars will penalize world trade and exacerbate bilateral ties with China, again. In setting priorities for its economic policy for 2025, Chinese policymakers emphasize the need to maintain stable growth, employment and commodity prices through steps including higher deficit-to-GDP …

Chinese economy can brave external risks
Trending News
1 week, 1 day ago

Chinese economy can brave external risks

China Daily  

The skyline of Beijing. If the 2021-23 inflation surge in the United States helped Donald Trump's election triumph, his likely tariff wars will penalize world trade and exacerbate bilateral ties with China, again. In setting priorities for its economic policy for 2025, Chinese policymakers emphasize the need to maintain stable growth, employment and commodity prices through steps including higher deficit-to-GDP …

US families to bear brunt of new tariffs
Trending News
1 week, 1 day ago

US families to bear brunt of new tariffs

China Daily  

Families in the United States could soon have to pay thousands of dollars more for furniture, clothes, cars, electronics and household items imported from China and other key trading partners if US President-elect Donald Trump follows through with a new round of tariffs, according to economists and trade organizations. Mary Lovely, professor emeritus of economics at the Maxwell School of …

Sino-US relations need new chapter
1 week, 2 days ago

Sino-US relations need new chapter

China Daily  

MA XUEJING/CHINA DAILY China-US relations are likely to enter a new stage of uncertainty when Donald Trump assumes office as US President on Jan 20. In his second presidency, the US could either trigger trade war 2.0 by levying more tariffs on China and forcing Beijing to slap counter-tariffs, or encourage China to significantly increase imports from the United States …

Trade War Widened US Trade Deficit, Increased Chinese Global Exports
1 week, 2 days ago

Trade War Widened US Trade Deficit, Increased Chinese Global Exports

Deccan Chronicle  

The US-China trade war initiated by President Donald Trump under his previous government failed to achieve its goals as the trade deficit of the US further widened while China’s global exports increased between 2017 and 2023. The US-China trade war, which began in March 2018 by imposing 25 per cent tariffs on steel and 10 per cent on aluminium, escalated …

Mexico, Canada, ASEAN gained more from US-China trade war than India: GTRI
1 week, 3 days ago

Mexico, Canada, ASEAN gained more from US-China trade war than India: GTRI

Live Mint  

New Delhi, Dec 15 Mexico, Canada, and 10-nation Southeast Asian bloc ASEAN benefited more from the US-China trade war than India, economic think tank GTRI said in a report. "Key beneficiaries of the trade war included Mexico, Canada, and ASEAN nations, which collectively accounted for 57 per cent of the growth in US imports. India also emerged as a significant …

US manufacturers are stocking up on imports ahead of tariffs
1 week, 5 days ago

US manufacturers are stocking up on imports ahead of tariffs

Live Mint  

U.S. manufacturers are stockpiling imported parts and raw materials in anticipation of President-elect Donald Trump imposing new tariffs next year. U.S. industrial manufacturers and consumer-packaged-goods companies are buying up critical parts and raw materials, such as emulsifiers and flavor enhancers, driving up demand, according to GEP, a supply-chain software company that gathers the data. U.S. businesses are giving priority to …

US hikes tariffs on imports of Chinese solar wafers, polysilicon and tungsten products
1 week, 6 days ago

US hikes tariffs on imports of Chinese solar wafers, polysilicon and tungsten products

Associated Press  

BANGKOK — The Biden administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect U.S. clean energy businesses. The notice from the U.S. Trade Representative’s office said tariffs on Chinese-made solar wafers and polysilicon will rise to 50% and duties on certain tungsten products will increase to 25%, effective on Jan. 1, following …

The possibility of tariffs in Trump's second term is dividing U.S. businesses
1 week, 6 days ago

The possibility of tariffs in Trump's second term is dividing U.S. businesses

NPR  

The possibility of tariffs in Trump's second term is dividing U.S. businesses President-elect Trump has called for sweeping tariffs on all imports. HORSLEY: McClelland is counting on Trump's tariffs to raise the price of those imported aluminum goods and give him and other domestic manufacturers a fighting chance. HORSLEY: Even Mark McClelland, the aluminum manufacturer who's rooting for tariffs, admits …

Here’s what could get significantly more expensive under Trump’s tariff plan
1 week, 6 days ago

Here’s what could get significantly more expensive under Trump’s tariff plan

CNN  

New York CNN — Import taxes are set to spike under the incoming Trump administration, forcing Americans to pay more for everything from foreign-made sneakers and toys to food, according to new research. “President Trump will work quickly to fix and restore an economy that puts American workers first by re-shoring American jobs, lowering inflation, raising real wages, lowering taxes, …

Trump’s proposed tariffs on China, Mexico, and Canada could benefit India - Report
2 weeks, 1 day ago

Trump’s proposed tariffs on China, Mexico, and Canada could benefit India - Report

Live Mint  

New Delhi, December 10 : India has a significant opportunity to capitalize on export prospects resulting from expected trade disruptions by upcoming US President Donald Trump's tariff policies, says a report by Shriram Mutual Fund. The report outlined how Trump's proposed tariffs on top US import partners--China, Mexico, and Canada--could lead to trade diversion, benefiting countries like India. It said, …

Tariffs bad for business, bad for US firms and consumers, and bad for all trading partners
2 weeks, 1 day ago

Tariffs bad for business, bad for US firms and consumers, and bad for all trading partners

China Daily  

To those worrying about the uncertainties heralded by a new incoming United States administration and the president-elect's unpredictability, there is one thing at least that is predictable: He will continue wielding the baton of tariffs. Because as the accumulative effects of the tariffs he imposed in his first term and the subsequent ones that the Joe Biden administration has added …

Trump is threatening to raise tariffs again. Here’s how China plans to fight back
2 weeks, 1 day ago

Trump is threatening to raise tariffs again. Here’s how China plans to fight back

LA Times  

President-elect Donald Trump has threatened to impose new tariffs on Chinese imports when he takes office, a move that would deepen a trade war he started six years ago. Trump kicked off a trade war in 2018 by imposing 25% tariffs on imports from China — including industrial machinery, cars, auto parts and television cameras. Last week, the U.S. expanded …

The case for Donald Trump’s tariffs
2 weeks, 1 day ago

The case for Donald Trump’s tariffs

CNN  

New York CNN — President-elect Donald Trump views tariffs as a not-so-secret weapon — one that can be deployed to pressure friends and foes alike to address issues from drug trafficking and illegal immigration to threats to the dominance of the US dollar. Trump once dubbed himself “Tariff Man” and recently celebrated these import taxes as “the greatest thing ever …

‘No winners’: China’s Xi warns US against a trade war
2 weeks, 1 day ago

‘No winners’: China’s Xi warns US against a trade war

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN — Chinese leader Xi Jinping has warned the United States against restarting a trade war, saying there would be “no winners” even as he vowed to defend the country’s economic …

Are fears of higher tariffs leading you to stockpile goods?
2 weeks, 1 day ago

Are fears of higher tariffs leading you to stockpile goods?

CNN  

New York CNN — From the very moment President-elect Donald Trump takes the oath of office on January 20, he’ll be able to levy tariffs on imports from other nations. On that day, he has already vowed to impose a 25% tariff on Mexican and Canadian imports as well as an additional 10% tariff on Chinese goods. These tariffs have …

After Threatening Hefty Tariffs, Trump Says Canada And Mexico Should Become A US State
Trending News
2 weeks, 2 days ago

After Threatening Hefty Tariffs, Trump Says Canada And Mexico Should Become A US State

ABP News  

Observing the US is subsidising its two neighbours Canada and Mexico to the tune of USD 100 billion and USD 300 billion, respectively, incoming US President Donald Trump on Sunday said that if that is the case then these two countries better be a part of America. Trump, 78, has threatened to impose hefty tariffs on both Canada and Mexico …

Trump tariffs to harm growth: Experts
Trending News
2 weeks, 2 days ago

Trump tariffs to harm growth: Experts

China Daily  

The wave of tariff hikes proposed by United States President-elect Donald Trump would harm global livelihood and economic growth, while it can't help resolve the country's domestic economic issues, global experts said. They made the remarks at the 9th China Global Think Tank Innovation Forum held in Beijing on Wednesday, where experts discussed the potential global impact of Trump's return …

Trump tariffs to harm growth: Experts
Top News
2 weeks, 2 days ago

Trump tariffs to harm growth: Experts

China Daily  

US President-elect Donald Trump The wave of tariff hikes proposed by United States President-elect Donald Trump would harm global livelihood and economic growth, while it can't help resolve the country's domestic economic issues, global experts said. They made the remarks at the 9th China Global Think Tank Innovation Forum held in Beijing on Wednesday, where experts discussed the potential global …

Trump tariffs to harm growth: Experts
Top News
2 weeks, 2 days ago

Trump tariffs to harm growth: Experts

China Daily  

US President-elect Donald Trump The wave of tariff hikes proposed by United States President-elect Donald Trump would harm global livelihood and economic growth, while it can't help resolve the country's domestic economic issues, global experts said. They made the remarks at the 9th China Global Think Tank Innovation Forum held in Beijing on Wednesday, where experts discussed the potential global …

Trump "can't guarantee" his tariffs won't raise prices for American families
Top News
2 weeks, 2 days ago

Trump "can't guarantee" his tariffs won't raise prices for American families

Salon  

President-elect Donald Trump on Sunday said he “can’t guarantee” that American consumers won’t pay higher prices under his proposed tariff plan in an interview on NBC’s “Meet the Press.” “I can’t guarantee anything. I can’t guarantee tomorrow,” Trump told NBC News host Kristen Welker after she asked him whether he could guarantee American families won’t pay more if he chooses …

Tariffs bad for business, bad for US firms and consumers, and bad for all trading partners: China Daily editorial
2 weeks, 2 days ago

Tariffs bad for business, bad for US firms and consumers, and bad for all trading partners: China Daily editorial

China Daily  

This photo taken on Jan 19, 2023 shows the US Capitol building in Washington, DC, the United States. To those worrying about the uncertainties heralded by a new incoming United States administration and the president-elect's unpredictability, there is one thing at least that is predictable: He will continue wielding the baton of tariffs. On the campaign trail, he told US …

Donald Trump 'Can't Guarantee' Tariffs Won't Cost Americans More
2 weeks, 2 days ago

Donald Trump 'Can't Guarantee' Tariffs Won't Cost Americans More

Huff Post  

LOADING ERROR LOADING Donald Trump says he can’t guarantee his plan to impose sweeping tariffs on America’s top trade partners won’t hurt people’s pocketbooks. I can’t guarantee tomorrow.” But during his first major interview since November’s election, he told host Kristen Welker he still believed imposing tariffs on goods from China, Canada, Mexico and beyond would “cost Americans nothing,” contrary …

Cushioning headwinds
2 weeks, 5 days ago

Cushioning headwinds

China Daily  

Hong Kong found itself at the heart of a seismic shift as dignitaries and business leaders from the world's two largest economies gathered in the city just days after Donald Trump scored a resounding victory in the United States presidential election in November. "But that doesn't mean that politics will lead us in that direction," he told the US-China Hong …

Cushioning headwinds
2 weeks, 5 days ago

Cushioning headwinds

China Daily  

Hong Kong found itself at the heart of a seismic shift as dignitaries and business leaders from the world's two largest economies gathered in the city just days after Donald Trump scored a resounding victory in the United States presidential election in November. "But that doesn't mean that politics will lead us in that direction," he told the US-China Hong …

How painful will Trump’s tariffs be for American businesses?
3 weeks ago

How painful will Trump’s tariffs be for American businesses?

Live Mint  

In the weeks after Donald Trump’s sweeping election victory, American companies sought to reassure investors that they were amply prepared for a new round of tariffs. If Mr Trump were to slap tariffs on America’s northern and southern neighbours, the impact on American companies would be devastating. According to JPMorgan Chase, another bank, the average ratio of working capital to …

If Trump starts a trade war with Mexico and Canada, where will Americans get all their stuff from?
Trending News
3 weeks ago

If Trump starts a trade war with Mexico and Canada, where will Americans get all their stuff from?

CNN  

New York CNN — President-elect Donald Trump appears keen on launching a simultaneous trade war with America’s three biggest trade partners: Mexico, China and Canada. In Trump’s ideal world, these higher tariffs would directly boost domestic manufacturing, since US businesses would be able to avoid tariffs entirely. Cars With Mexico the top source of US motor vehicle imports, European nations …

If Trump starts a trade war with Mexico and Canada, where will Americans get all their stuff from?
Trending News
3 weeks ago

If Trump starts a trade war with Mexico and Canada, where will Americans get all their stuff from?

CNN  

New York CNN — President-elect Donald Trump appears keen on launching a simultaneous trade war with America’s three biggest trade partners: Mexico, China and Canada. In Trump’s ideal world, these higher tariffs would directly boost domestic manufacturing, since US businesses would be able to avoid tariffs entirely. Cars With Mexico the top source of US motor vehicle imports, European nations …

China tightens curbs on exports of materials with chip-making applications to US
3 weeks, 1 day ago

China tightens curbs on exports of materials with chip-making applications to US

Live Mint  

China will strengthen controls on U.S.-bound exports of some materials that are used in chip making and can have military applications, a move that comes amid rising trade tensions between the two countries. The Chinese Ministry of Commerce said Tuesday that it will ban exports of so-called dual-use materials to the U.S. for military purposes. A ministry spokesperson said the …

Can Donald Trump enact tariffs without Congress? And can anyone stop him?
3 weeks, 1 day ago

Can Donald Trump enact tariffs without Congress? And can anyone stop him?

Al Jazeera  

Raising tariffs on US goods may hurt the economy, but can Trump push them through anyway? “While some argue that it would be a stretch for Trump to claim that all imports are a threat to US national security under Section 232, the courts have routinely deferred to presidents on foreign affairs and trade policy, and legal challenges to the …

What to buy now before Trump’s tariffs kick in
3 weeks, 2 days ago

What to buy now before Trump’s tariffs kick in

CNN  

New York CNN — During this busy holiday shopping season, some bargain hunters may be wondering if this is the ideal time to stock up on items before they could cost a lot more. But a 10% across-the-board import tariff, plus the additional 60% on Chinese goods, could cause the price of a new smartphone to rise by 26% to …

What to buy now before Trump’s tariffs kick in
3 weeks, 2 days ago

What to buy now before Trump’s tariffs kick in

CNN  

New York CNN — During this busy holiday shopping season, some bargain hunters may be wondering if this is the ideal time to stock up on items before they could cost a lot more. But a 10% across-the-board import tariff, plus the additional 60% on Chinese goods, could cause the price of a new smartphone to rise by 26% to …

Joe Biden Warns Trump Not To 'Screw Up' Relationships With Allies Over Tariff Threats
3 weeks, 5 days ago

Joe Biden Warns Trump Not To 'Screw Up' Relationships With Allies Over Tariff Threats

Huff Post  

LOADING ERROR LOADING President Joe Biden on Thursday expressed hope that President-elect Donald Trump will reconsider his pledge to apply tariffs on Mexico and Canada, saying the move would be “counterproductive.” Earlier this week, Trump said he would impose a 25% tariff on all goods from Mexico and Canada as soon as he takes office. I think we’ve got them …

Trump's tariffs could cost American families $2,600 more a year
3 weeks, 5 days ago

Trump's tariffs could cost American families $2,600 more a year

Firstpost  

Even as US President-elect Donald Trump has pitched tariffs as the solution to everything, tariffs are most likely going to raise the cost for average American families and reduce their after-tax incomes, according to economists Republican presidential nominee and former US President Donald Trump speaks at the Bitcoin 2024 event in Nashville, Tennessee, US, July 27, 2024. On the campaign …

China to respond to Trump's 'tariff war' with 'supply chain war'
3 weeks, 5 days ago

China to respond to Trump's 'tariff war' with 'supply chain war'

Firstpost  

China is expected to use its dominant position in supply chains to respond forcefully with a ‘supply chain war’ to ’tariff war’ that US President-elect Donald Trump is expected to wage on China US President-elect Donald Trump waves next to Chinese President Xi Jinping after attending a business event at the Great Hall of the People in Beijing on November …

King’s gambit: What Trump’s threats of big tariffs on imports from China, Canada and Mexico tell us
3 weeks, 5 days ago

King’s gambit: What Trump’s threats of big tariffs on imports from China, Canada and Mexico tell us

Firstpost  

Trump has little respect for America’s vaunted exceptionalism and does not get the tenets of strategic altruism. Trump’s threat of piling tariff on Canada, Mexico and China – America’s three largest trade partners – and his promise of enacting the executive order on Day 1 of his return to office has sparked a tsunami of reactions. In each case, however, …

Trudeau says Trump’s tariffs would also hurt US
3 weeks, 5 days ago

Trudeau says Trump’s tariffs would also hurt US

Politico  

Trudeau said he “looks forward” to “lots of great conversations” with the president-elect. “One of the things that is really important to understand is that when Donald Trump makes statements like that, he plans on carrying them out,” Trudeau said. “There’s no question about it.” Canada’s responsibility is to point out that these tariffs will also harm American businesses and …

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different
3 weeks, 6 days ago

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different

Huff Post  

LOADING ERROR LOADING WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. Republican presidential nominee former President Donald Trump listens during a campaign rally at Santander Arena, Monday, Nov. 4, 2024, in Reading, Pa. via Associated Press Trump also posted on Monday that Chinese imports would face additional tariffs of 10% until Beijing cracks …

Wall Street’s response to more tariffs: Been there, done that
3 weeks, 6 days ago

Wall Street’s response to more tariffs: Been there, done that

Live Mint  

Wall Street isn’t thrilled about the return of Donald Trump’s tariff threats. His newly proposed 25% tariffs on imports from Canada and Mexico—the U.S.’s two largest trading partners—would add 0.8 percentage point to a key inflation gauge next year if just half of the costs are passed on to consumers, according to a Deutsche Bank analysis. The two countries, along …

Under tariff threat, US wholesaler warns: ’People will pay’
3 weeks, 6 days ago

Under tariff threat, US wholesaler warns: ’People will pay’

Live Mint  

By Jackie Luna LOS ANGELES, - While most of Los Angeles sleeps, 58-year-old Melquiades Flores starts his day at 1 a.m., supervising the unloading of produce at M&M Tomatoes and Chile Company, the wholesaler he started in 2019. "Produce of Mexico" is stamped on almost all the boxes of tomatoes and chilies that arrive at Flores' downtown warehouse, destined for …

Trump’s 'terrible' proposal is 'a preview of the corruption to come': columnist
3 weeks, 6 days ago

Trump’s 'terrible' proposal is 'a preview of the corruption to come': columnist

Raw Story  

President-elect Donald Trump’s signature economic plan of raising tariffs on imported goods could cause more harm to the economy than good, and offer a pathway toward a corrupt second administration, a columnist wrote Wednesday. Trump has long considered increased tariffs on certain foreign countries a “brilliant” strategy, but the reality is they could lead to disastrous effects and showcase how …

When it comes to trade and tariffs, Trump’s bark may be worse than his bite
3 weeks, 6 days ago

When it comes to trade and tariffs, Trump’s bark may be worse than his bite

The Independent  

According to Donald Trump, “the most beautiful word in the dictionary” is “tariff”. He’s also determined to target the import of Chinese cars from Mexico, threatening “whatever tariffs are required – 100 per cent, 200 per cent, 1,000 per cent”. Previously, as well as attacking Chinese cars from Mexico, Trump has spoken of 60 per cent charges on goods from …

Trump’s tariffs in his first term did little to alter the economy, but this time could be different
Trending News
3 weeks, 6 days ago

Trump’s tariffs in his first term did little to alter the economy, but this time could be different

Associated Press  

WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries. Trump’s first term tariffs had a modest impact on economy Trump imposed tariffs on …

'Significant consequences': Major bank comes out swinging against Trump’s latest plan
Trending News
3 weeks, 6 days ago

'Significant consequences': Major bank comes out swinging against Trump’s latest plan

Raw Story  

Critics of President-elect Donald Trump's proposal for aggressive new tariffs were hoping he would back down from that idea — but he announced this week that he plans to move forward as soon as he is sworn into office — and proposed 25% across-the-board tariffs on all goods imported into the United States from Mexico and Canada. "The 25% levy …

How Trump’s tariffs on Mexico, Canada and China could impact U.S. consumers
3 weeks, 6 days ago

How Trump’s tariffs on Mexico, Canada and China could impact U.S. consumers

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Oil, toys, vegetables and electronics are just some of the …

Weaponising tariff to trade
4 weeks ago

Weaponising tariff to trade

Hindustan Times  

United States President-elect Donald Trump has announced that he will impose tariffs on countries beyond China on his first day in office. To be sure, the US using tariffs and reneging on its policy of promoting free trade in the world came into vogue during the first Trump presidency itself. What makes it even more potent is that Trump intends …

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