China’s export boom means Trump tariffs would hit Beijing where it hurts
1 day, 18 hours ago

China’s export boom means Trump tariffs would hit Beijing where it hurts

Live Mint  

China’s economy is more dependent on exports than it has been for most of the past two decades, leaving it vulnerable to a new broadside on trade from President-elect Donald Trump. Aside from 2021, when consumers the world over were gorging on Chinese-made home appliances, fitness equipment and computer gear during Covid-19 lockdowns, that would mark trade’s biggest contribution to Chinese economic growth since 2006, when China’s exports were surging in the aftermath of its accession to the World Trade Organization in 2001. China’s exports exceeded its imports in 2024 by $992 billion, a record, reflecting not just buoyant exports but also subdued Chinese demand for the rest of the world’s goods and services. A wider trade fight would make it much harder for Beijing to lean on exports as an engine of growth, economists say, heaping pressure on officials to fire up lackluster domestic spending—or settle for a much weaker expansion than the 5% or so China is expected to report for 2024.

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History of this topic

China saw record trade with Russia in 2024: customs data
1 day, 9 hours ago

China saw record trade with Russia in 2024: customs data

The Hindu  

Trade between China and Russia reached a record high last year, official data showed Monday, reflecting strong economic ties between the countries despite Western sanctions on Moscow. Last year's uptick brought trade between the large neighbouring countries to a historic high, though it represented much slower growth than the 26.3% year-on-year surge recorded the year before last. Chinese President Xi …

China’s exports in December up 10.7 per cent, beating estimates as higher US tariffs loom
Trending News
2 days, 1 hour ago

China’s exports in December up 10.7 per cent, beating estimates as higher US tariffs loom

New Indian Express  

HONG KONG: China's exports in December grew at a faster-than-expected pace as factories rushed to fill orders in anticipation of higher tariffs threatened by U.S. President-elect Donald Trump once he takes office. Officials in Beijing reported that the total value of China's imports and exports reached a record 43.85 trillion yuan in 2024, marking a 5% increase from the previous …

China makes more cars than it needs. Now, it’s shakeout time.
5 days, 13 hours ago

China makes more cars than it needs. Now, it’s shakeout time.

Live Mint  

Overall, car sales in China rose 5.5% last year to 22.9 million vehicles, the China Passenger Car Association said Thursday. Domestic brands accounted for 61% of the local market last year, up 8.6 percentage points from a year earlier, the China car association said. Last year, 23 EV brands either exited China or were consolidated into other brands, while a …

Tariffied? Markets feeling the most pinch from Trump tariff risks
6 days, 15 hours ago

Tariffied? Markets feeling the most pinch from Trump tariff risks

The Hindu  

From China to Europe, Canada to Mexico, world markets are already reeling from Donald Trump's promise to jack up tariffs when he becomes U.S. president in less than two weeks. But traders, speculating that tariffs could boost U.S. inflation, anticipate just 40 bps of Fed rate cuts, enhancing the dollar's appeal over the euro. A full-fledged trade war necessitating additional …

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’
1 week ago

How China, India will navigate Trump’s bid for ‘tariffs, and tariffs alone’

Live Mint  

As Donald Trump returns as the US President on 20 January, the world will closely watch his trade policies. During his first term, Trump initiated a trade war with China in 2018, imposing tariffs on $250 billion worth of Chinese goods, including steel, aluminium, solar panels and washing machines. China's trade surplus stood at $785 billion for the first 10 …

China’s firms are taking flight, worrying its rulers
2 weeks, 1 day ago

China’s firms are taking flight, worrying its rulers

Live Mint  

FOR DECADES China has put foreign capital to work. China’s firms have so far resisted hiring local workers, buying from local suppliers or sharing technology, leading recipient countries in Asia and Europe to press for more tech transfer. Tariffs introduced by Donald Trump during his first term as president encouraged Chinese firms to move production in order to change their …

'Not a good thing': Expert warns cars may become pricier if Trump gets his way
2 weeks, 3 days ago

'Not a good thing': Expert warns cars may become pricier if Trump gets his way

Raw Story  

Consumers shopping for a new car in 2025 are being warned to buckle up for higher prices once President-elect Donald Trump takes office next month as potential impacts from his trade policies are beginning to come into focus. Trump has vowed to slap heavy tariffs on all foreign-made goods once he returns to the White House next month, and auto …

Trump tariff threats trigger supply chain ‘freak out’
2 weeks, 4 days ago

Trump tariff threats trigger supply chain ‘freak out’

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 President-elect Donald Trump’s continuing threats of massive tariffs are sparking …

Americans rush to buy cars, appliances before Trump's new tariffs
3 weeks, 5 days 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 …

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

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

China Daily  

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 in January, a …

US tariffs on China unable to stop China trade growth
Trending News
4 weeks 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
4 weeks 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 …

The retreat from the world’s largest auto market has begun
4 weeks, 1 day ago

The retreat from the world’s largest auto market has begun

CNN  

New York CNN — It wasn’t long ago that China was by far the largest and most profitable market for General Motors. “Every international brand is suffering in China.” While GM has yet to announce the details of its restructuring in China, Schuster and other experts said most Western automakers, including GM, are looking at how long they can stay …

US manufacturers are stocking up on imports ahead of tariffs
1 month 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 …

China signals it’s prepared to double down on support for the economy as Trump tariffs loom
1 month ago

China signals it’s prepared to double down on support for the economy as Trump tariffs loom

Associated Press  

BANGKOK — Chinese leaders met this week to plot economic policy for the coming year, sketching out plans to raise government spending and relax Beijing’s monetary policy to encourage more investment and consumer spending. China’s economy has been growing slightly more slowly than the “about 5%” target leaders set for this year as a prolonged crisis in its real estate …

China signals it's prepared to double down on support for the economy as Trump tariffs loom
1 month ago

China signals it's prepared to double down on support for the economy as Trump tariffs loom

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Leaders of the ruling Communist Party wrapped up their …

China's Xi warns 'no winners' in trade war with U.S.
1 month ago

China's Xi warns 'no winners' in trade war with U.S.

Raw Story  

by Peter CATTERALL Chinese President Xi Jinping warned Tuesday that there would be "no winners" in a trade war with the United States and vowed the country would hit its growth goals for the year. Former US president Donald Trump -- who returns to the White House next month -- unleashed a grueling trade war with China during his first …

China’s exports slow, imports decline in November, falling below forecasts
1 month ago

China’s exports slow, imports decline in November, falling below forecasts

Associated Press  

HONG KONG — China’s exports slowed in November and its imports declined, falling below forecasts and underscoring potential weakness in trade at a time when its leaders are striving to boost the economy after the shocks of the COVID-19 pandemic. U.S. President-elect Donald Trump has threatened to slap tariffs of 60% or more on imports of Chinese goods, complicating Beijing’s …

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

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China
1 month ago

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China

Firstpost  

By the end of November, BYD had already delivered 3.76 million vehicles, including over 500,000 units in November alone, putting it on track to surpass its 4 million sales goal for the year The robust performance in China—where over 90 per cent of BYD’s sales occur—places the company ahead of Honda and Ford in global rankings for 2024. Image Credit: …

China to respond to Trump's 'tariff war' with 'supply chain war'
1 month, 2 weeks 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
1 month, 2 weeks 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, …

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different
1 month, 2 weeks 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
1 month, 2 weeks 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 …

China’s EV price war is so brutal that BYD is trying to pinch its suppliers
1 month, 2 weeks ago

China’s EV price war is so brutal that BYD is trying to pinch its suppliers

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 — China’s top maker of electric vehicles wants to pay a lot less for car parts in the new year, a demand that signals there is no end in sight …

Why Trump’s proposed tariffs may be bad news for China and Asia
1 month, 2 weeks ago

Why Trump’s proposed tariffs may be bad news for China and Asia

CNN  

Hong Kong CNN — President-elect Donald Trump took to social media on Monday to promise massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his second term. But Trump’s planned tariffs on Chinese goods could also benefit some countries in Southeast Asia as factories may relocate from China to other places …

Trump's sharp tariff hikes could speed up China's shift to new markets and offshore factories
1 month, 2 weeks ago

Trump's sharp tariff hikes could speed up China's shift to new markets and offshore factories

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Chinese exporters are already looking at new markets …

China warns ‘no one will win’ if Donald Trump starts trade war
1 month, 2 weeks ago

China warns ‘no one will win’ if Donald Trump starts trade war

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China shot back at Donald …

Backlash against Chinese steel gives preview of Trump trade tensions
1 month, 2 weeks ago

Backlash against Chinese steel gives preview of Trump trade tensions

Live Mint  

China’s industrial overcapacity became an issue of global concern even before the election of Donald Trump. Because of the sheer size of China’s steel industry—which produced around 1 billion metric tons last year—fluctuations in its domestic demand can send shock waves to the rest of the world. China’s net exports of steel reached a record 10.6 million metric tons in …

Spill-over of Trump’s anti-China trade stance
Trending News
1 month, 3 weeks ago

Spill-over of Trump’s anti-China trade stance

Hindustan Times  

Trump’s trade war with China had a global impact, affecting and benefiting countries. US President Donald Trump The US-China trade conflict reflects the US’ protectionism from China’s inroads in its economy and the global economy, which it believes is detrimental to its local jobs, industries, industrial innovation, and national security. Thus, the tit-for-tat trade moves resulted in raising import tariffs …

Tariff hikes will backfire, and China can manage such ‘external shocks,’ a senior official says
1 month, 3 weeks ago

Tariff hikes will backfire, and China can manage such ‘external shocks,’ a senior official says

Associated Press  

HONG KONG — Higher tariffs on Chinese exports will backfire, just increasing prices paid by consumers, while China can manage to weather the impact of such “external shocks,” a senior Commerce Ministry official said Friday in Beijing. Responding to a reporter’s question about U.S. President-elect Donald Trump’s plan to impose 60% tariffs on imports from China, Vice Commerce Minister Wang …

China is armed and ready for trade war 2.0 with Donald Trump
1 month, 3 weeks ago

China is armed and ready for trade war 2.0 with Donald Trump

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. That’s why, despite selling less to the United States, China’s share of global exports is now at 14%, up from 13% before the first Trump tariffs. At a press conference on Friday, Wang …

China is armed and ready for trade war 2.0 with Donald Trump
1 month, 3 weeks ago

China is armed and ready for trade war 2.0 with Donald Trump

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. That’s why, despite selling less to the United States, China’s share of global exports is now at 14%, up from 13% before the first Trump tariffs. At a press conference on Friday, Wang …

China reveals new 9-point plan to Trump-proof exports that may see up to 60% higher taxes
1 month, 3 weeks ago

China reveals new 9-point plan to Trump-proof exports that may see up to 60% higher taxes

Firstpost  

Trump is set to take office in January, renewing fears of an intensified trade war that could further strain the already fraught relationship between China and the US China on Thursday unveiled new policies to support its export sector as it braces for potential tariff increases by US President-elect Donald Trump, who has threatened to raise duties on Chinese goods …

Donald Trump likely to impose 40% tariff on China imports in 2025, risking growth by 0.5-1% point: Report
Trending News
1 month, 3 weeks ago

Donald Trump likely to impose 40% tariff on China imports in 2025, risking growth by 0.5-1% point: Report

Live Mint  

The US could impose nearly 40 per cent tariffs on imports from China early next year, potentially slicing growth in the world's second-biggest economy by up to one percentage point. However, most economists also said they do not expect blanket 60 per cent tariffs on Chinese goods in early 2025 as this could accelerate inflation within the US. "We expect …

American companies are stocking up to get ahead of Trump’s China tariffs
1 month, 3 weeks ago

American companies are stocking up to get ahead of Trump’s China tariffs

Live Mint  

By 9 p.m. on election night, it had become clear to Jason Junod that Donald Trump was returning to the White House. When Trump began his trade war against China in 2018, U.S. businesses scrambled to front-load imports before tariffs were implemented, according to an International Monetary Fund analysis. Though China’s share of U.S. imports has declined to roughly 14% …

Donald Trump may impose 40% tariffs on China in early 2025: Report
1 month, 3 weeks ago

Donald Trump may impose 40% tariffs on China in early 2025: Report

India Today  

The United States could impose nearly 40% tariffs on imports from China early next year, a Reuters poll of economists showed, potentially slicing growth in the world's second-biggest economy by up to 1 percentage point. The poll, the first on China's economy by Reuters since Donald Trump's sweeping election victory on November 5, also predicts that the President-elect will resist …

Alarmed China over Trump victory plans to choke chip industry
1 month, 3 weeks ago

Alarmed China over Trump victory plans to choke chip industry

Firstpost  

As China dominates the supply of minerals needed to manufacture chips, it is expected to choke supplies in case Donald Trump ramps up the US-China trade war after assuming office in January Semiconductor chips are seen on a printed circuit board in this illustration picture taken 17 February, 2023. How China uses control of supply chains in trade war China …

Trump's 'economic war' with China would hammer these two swing states: CNBC
1 month, 4 weeks ago

Trump's 'economic war' with China would hammer these two swing states: CNBC

Raw Story  

If President-elect Donald Trump is serious about hitting all Chinese goods with tariffs of 60 percent or higher, experts warn it could lead to all-out economic warfare that would be particularly damaging to two key swing states that Trump flipped in 2024. CNBC reports that the U.S.-China Business Council, in conjunction with Oxford Economics, estimates that a large-scale "economic war" …

Not just China, these US allies too could suffer the most by Donald Trump's tariffs
1 month, 4 weeks ago

Not just China, these US allies too could suffer the most by Donald Trump's tariffs

Hindustan Times  

President-elect Donald Trump has pledged to levy tariffs on imported goods as part of his second-term economic strategy. During his election campaign, Trump promised to employ tariffs to promote American companies, imposing up to 60 percent levies on Chinese goods and up to 20 percent on imports from other nations. Europe would be severely affected if… Speaking to Newsweek Dr. …

China prepares to retaliate against potential trade war with Donald Trump
1 month, 4 weeks ago

China prepares to retaliate against potential trade war with Donald Trump

Firstpost  

China is reportedly preparing to counter potential US tariffs, setting the stage for an economic tit-for-tat that could further strain relations. China is preparing for potential retaliation against new tariffs if Donald Trump restarts the trade war upon his return to the Oval Office next year. China will strike back in the first rounds of another Trump trade war to …

China coped with Trump’s first trade war. A second one will be tougher.
Trending News
1 month, 4 weeks ago

China coped with Trump’s first trade war. A second one will be tougher.

Live Mint  

SINGAPORE—The last thing Xi Jinping needs right now is another showdown with Donald Trump over trade. If the U.S. cuts back on some of the $430 billion in goods it imports from China each year, Chinese companies could try sending them to other countries, a strategy Beijing followed successfully after Trump first hit Chinese goods with tariffs in 2018. Some …

Europe’s economy faces sink-or-swim moment as Trump returns
2 months ago

Europe’s economy faces sink-or-swim moment as Trump returns

Live Mint  

Wall Street’s verdict is clear: A second Trump presidency is likely to deliver a blow to an export-dependent European Union that is struggling with sclerotic economic growth and ever-multiplying political crises. “I want German car companies to become American car companies," Trump said last month while holding a rally in Savannah, Ga. “If you don’t make your product here, then …

Steve Madden to cut goods imported from China by up to 45% as it prepares for Trump’s tariff pledge
2 months ago

Steve Madden to cut goods imported from China by up to 45% as it prepares for Trump’s tariff pledge

Associated Press  

NEW YORK — Shoe brand Steve Madden will be cutting the goods that it imports from China by as much as 45% next year as it prepares for President-elect Donald Trump’s pledge to slap steep and sweeping tariffs on imports from other countries. But this time, he has gone much further and has proposed a 60% tariff on goods from …

China anxious as Trump victory may intensify trade wars
Trending News
2 months ago

China anxious as Trump victory may intensify trade wars

Firstpost  

China’s ambassador to the US, Xie Feng said that the differences between the two nations should be the driving force for exchanges and mutual learning rather than ‘an excuse for rejection and confrontation’, and that the successes of each were opportunities for the other There are no winners in tariff or trade wars, nor in wars over science and technology …

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat
Trending News
2 months, 1 week ago

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat

Firstpost  

Exports far surpassed analyst’s estimates of about 5.5 per cent growth and outpaced September’s growth of just 2.4 per cent. China’s exports rose 12.7 per cent in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday. It showed imports fell 2.3 per cent in October from a year earlier, …

China’s exports grew 12.7% in October, fastest pace in more than 2 years
2 months, 1 week ago

China’s exports grew 12.7% in October, fastest pace in more than 2 years

Associated Press  

HONG KONG — China’s exports rose 12.7% in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday. It showed imports fell 2.3% in October from a year earlier, while China’s trade surplus rose to $95.7 billion in October, up from $81.7 billion in September. China’s exports to Russia rose …

‘Announce bigger stimulus’, export controls: How China is prepared for Trump amid 60% tariff risks
2 months, 1 week ago

‘Announce bigger stimulus’, export controls: How China is prepared for Trump amid 60% tariff risks

Live Mint  

When Donald Trump first started a trade war with China in 2018, Beijing found itself on the back foot and unsure of how to respond. Goldman Sachs Group Inc. said last week that steeper trade restrictions on China may force Xi’s hand to bolster domestic consumption, something the Communist Party has traditionally sought to avoid. “What China will do is …

China's exports showing remarkable resilience despite headwinds
3 months ago

China's exports showing remarkable resilience despite headwinds

China Daily  

Dongguan in South China's Guangdong province is a busy port on the Pearl River. As of August 2024, China's export share to ASEAN reached 16.7 percent, a 4.4 percentage points increase from the end of 2017. ASEAN's share of US imports has been on a steady upward trend since 2012, reaching 15.3 percent as of June 2024, surpassing China's share …

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