America’s economy is slowing. Ending the trade war could fix that
5 years, 3 months ago

America’s economy is slowing. Ending the trade war could fix that

CNN  

New York CNN Business — Happy Sunday. New evidence emerged last week showing how tariffs and the vast uncertainty surrounding the US-China trade war are hurting the economy. “Your entire business plan can be overturned by a tweet.” Factories cut jobs Some economists argued that the very mixed September jobs report hints at damage from the US-China trade war. “This is as good as it’s likely to get until the trade war is resolved,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics. “That would greatly increase the likelihood that the US goes into a recession.” Up next Monday US consumer credit report Tuesday: Samsung, Domino’s and Levi Strauss earnings; US PPI inflation report Wednesday US job openings report Thursday: Delta earnings; US CPI inflation report Friday University of Michigan US consumer sentiment report

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History of this topic

Spill-over of Trump’s anti-China trade stance
Trending News
1 month, 2 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 …

Ripple effects of US policy on Chinese trade
1 month, 2 weeks ago

Ripple effects of US policy on Chinese trade

Hindustan Times  

The United States ’s firm stance on Chinese products has become a cornerstone of its economic strategy, transcending party lines and administrations. As the world’s two largest economies clash, the consequences ripple through global markets, affecting supply chains, trade relationships, and economic growth worldwide. This bipartisan approach reflects a broader recalibration of the US's economic relationship with China, aiming to …

China coped with Trump’s first trade war. A second one will be tougher.
Trending News
1 month, 3 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 …

The world faces its worst trade wars since the 1930s
1 month, 4 weeks ago

The world faces its worst trade wars since the 1930s

Hindustan Times  

THE WORLD stands on the brink of multiple trade wars. The same hawks then predict that new tariffs will raise “artificially low prices” for Chinese goods, thereby creating economic incentives large enough to alter trade flows, helping domestic firms to employ more Americans. When it comes to strategic goods and technologies from China, Mr Trump can raise some tariffs on …

Let's hope new US president ends conflicts as promised
Top News
2 months ago

Let's hope new US president ends conflicts as promised

China Daily  

Former US president and Republican presidential candidate Donald Trump speaks during an election night event at the West Palm Beach Convention Center in West Palm Beach, Florida, on Nov 6, 2024. On Tuesday, Ron Paul, a former Republican congressman from Texas, warned of the danger of "neocons yet again infesting" the new US administration — people like John Bolton and …

Let's hope new US president ends conflicts as promised
Top News
2 months ago

Let's hope new US president ends conflicts as promised

China Daily  

Former US president and Republican presidential candidate Donald Trump speaks during an election night event at the West Palm Beach Convention Center in West Palm Beach, Florida, on Nov 6, 2024. On Tuesday, Ron Paul, a former Republican congressman from Texas, warned of the danger of "neocons yet again infesting" the new US administration — people like John Bolton and …

Let's hope new US president ends conflicts as promised
Top News
2 months ago

Let's hope new US president ends conflicts as promised

China Daily  

Former US president and Republican presidential candidate Donald Trump speaks during an election night event at the West Palm Beach Convention Center in West Palm Beach, Florida, on Nov 6, 2024. On Tuesday, Ron Paul, a former Republican congressman from Texas, warned of the danger of "neocons yet again infesting" the new US administration — people like John Bolton and …

Let's hope new US president ends conflicts as promised
Top News
2 months ago

Let's hope new US president ends conflicts as promised

China Daily  

Former US president and Republican presidential candidate Donald Trump speaks during an election night event at the West Palm Beach Convention Center in West Palm Beach, Florida, on Nov 6, 2024. On Tuesday, Ron Paul, a former Republican congressman from Texas, warned of the danger of "neocons yet again infesting" the new US administration — people like John Bolton and …

The Seismic Shift in the US Trade Agenda
6 months, 2 weeks ago

The Seismic Shift in the US Trade Agenda

The Diplomat  

The U.S. economic war against China has become entrenched still further as the Biden administration adds more tariffs to critical goods crossing its borders. While the White House has focused on highlighting China’s unfair trade practices of state subsidies and exporting overcapacity, the tariffs are ultimately designed to protect the nascent critical industries within the United States. While the White …

Trade War: What Is It Good For?
7 months, 3 weeks ago

Trade War: What Is It Good For?

Politico  

President Joe Biden this week announced new tariffs on a suite of Chinese goods, the result of a yearslong investigation into what, if any, changes should be made to his predecessor’s punitive tariffs on China. Top Biden administration officials have emphasized the need to strategically reduce our reliance on China in American supply chains, an approach that has been dubbed …

After Biden-Xi summit, what next for US-China trade war?
3 years, 1 month ago

After Biden-Xi summit, what next for US-China trade war?

Al Jazeera  

Reductions in tariffs possible down the line, but no return to pre-Trump status quo, analysts say. The virtual meeting between United States President Joe Biden and China’s leader Xi Jinping helped ease the growing tension between the two countries but did not make headway in resolving lingering US-China trade war disputes. Biden spoke briefly about China’s “unfair trade and economic …

Report: De-escalation of trade war would lift jobs, incomes in US
3 years, 11 months ago

Report: De-escalation of trade war would lift jobs, incomes in US

China Daily  

Exports to China supported 1.2 million jobs in the United States, which would see its employment and household incomes further benefit during the Biden administration from a de-escalation of the trade war. Exports to China supported 1.2 million jobs in the United States, which would see its employment and household incomes further benefit during the Biden administration from a de-escalation …

China is winning the trade war and its exports have never been higher
3 years, 11 months ago

China is winning the trade war and its exports have never been higher

CNN  

Hong Kong CNN Business — China was already outperforming every other major worldeconomy last year as the coronavirus pandemic upended the globe. The world’s second biggest economy closed out 2020 with an overall trade surplus of $78 billion for December, according to official customs data released Thursday. China’s trade relationship with the United States, meanwhile, became even more imbalanced: Beijing’s …

US trade policy is ready for its Biden makeover
4 years, 1 month ago

US trade policy is ready for its Biden makeover

Live Mint  

If he winds up facing a hostile Senate, President-elect Joe Biden will struggle to make sweeping policy changes. Biden will have the power to reverse many of the Trump administration’s bad policies to strengthen trade with allies and potential allies, while keeping up the technological competition with China. Helping Vietnam to grow its economy rapidly by exporting goods to the …

US-China trade war is the last thing the world economy needs now
4 years, 7 months ago

US-China trade war is the last thing the world economy needs now

CNN  

Hong Kong CNN Business — Mutual blame over the coronavirus pandemic has reignited tensions between the United States and China, threatening to break what was already a fragile truce on trade between the world’s biggest economies. “The threat of higher tariffs and the intensifying technology cold war could yet disrupt technology trade and investment, de-powering what still promises to be …

Breaking down the costs of Trump’s trade war with China
4 years, 11 months ago

Breaking down the costs of Trump’s trade war with China

CNN  

Washington CNN — President Donald Trump is set to sign a “phase one” trade deal with China on Wednesday, but the agreement – which has been almost two years in the making – won’t lift the tariffs he’s imposed on Chinese-made goods. US companies have paid $46 billion more in tariffs than they would have without Trump’s tariffs, according to …

Federal Reserve report finds Trump's tariffs raised prices, cut employment and hurt US manufacturers
5 years ago

Federal Reserve report finds Trump's tariffs raised prices, cut employment and hurt US manufacturers

Salon  

President Donald Trump’s trade war raised prices for consumers and hurt the manufacturing industry, according to a report from economists on the Federal Reserve Board. "The first comprehensive estimates" of the trade war’s effect on American manufacturers show that the tariffs have hurt the industry more than they helped, wrote Aaron Flaaen and Justin Pierce, two senior economists at the …

US-China trade war isn’t getting any better. This week showed why it could get worse
5 years, 1 month ago

US-China trade war isn’t getting any better. This week showed why it could get worse

CNN  

Beijing CNN Business — The US-China rivalry isn’t easing off — it may, in fact, be about to get even more intense. The United States and China are “in the foothills of a Cold War,” former US Secretary of State Henry Kissinger said on stage in Beijing, warning that an unresolved conflict could lead to problems “even worse” than when …

The trade war is destroying American profit
5 years, 2 months ago

The trade war is destroying American profit

CNN  

New York CNN Business — This is what a trade war looks like. “President Trump’s trade war is doing significant damage to the US and global economies,” said Mark Zandi, chief economist at Moody’s. “The higher tariffs act like a tax increase on businesses and their customers.” If President Donald Trump follows through on his threat to raise tariffs again …

China to work with US to address each other’s core concerns
5 years, 2 months ago

China to work with US to address each other’s core concerns

Live Mint  

Nanchang, China: Chinese Vice Premier Liu He said on Saturday that China will work with the United States to address each other's core concerns on the basis of equality and mutual respect, and that stopping the trade war would be good for both sides and the world. China and the United States reached a limited deal last week toward ending …

Donald Trump outlines first phase of deal to end trade war with China, suspends October tariff hike
5 years, 2 months ago

Donald Trump outlines first phase of deal to end trade war with China, suspends October tariff hike

Firstpost  

Donald Trump on Friday outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, but officials on both sides said much more work needed to be done. Washington: US president Donald Trump on Friday outlined the first phase of a deal to end a trade war with China and suspended …

Has The Trade War Taken A Bite Out Of China's Economy? Yes — But It's Complicated
5 years, 3 months ago

Has The Trade War Taken A Bite Out Of China's Economy? Yes — But It's Complicated

NPR  

Has The Trade War Taken A Bite Out Of China's Economy? Yes — But It's Complicated Enlarge this image toggle caption Jolie Myers/NPR Jolie Myers/NPR In the industrial city of Dongguan, China, the effects of the trade war on the Chinese economy are measured in idled machinery and empty bar stools. Enlarge this image toggle caption Jolie Myers/NPR Jolie Myers/NPR …

The trade war hasn’t hit its peak yet. The US and China will both pay a heavy price (opinion)
5 years, 4 months ago

The trade war hasn’t hit its peak yet. The US and China will both pay a heavy price (opinion)

CNN  

Editor’s Note: David A. Andelman, executive director of The RedLines Project, is a contributor to CNN and a former foreign correspondent for The New York Times and CBS News. The economies of both countries and the fortunes of both leaders have been damaged by the trade war, which does not seem to have hit its peak yet In the United …

China released even more evidence that the trade war is hurting its economy
5 years, 4 months ago

China released even more evidence that the trade war is hurting its economy

CNN  

Hong Kong CNN Business — The trade war might be headed for a slight reprieve, but China is still getting battered by a slowing economy and its standoff with the United States. Industrial production in China — an important indicator for the country’s economy — grew just 4.8% in July compared to a year earlier, according to China’s National Bureau …

Trump news: Why the US trade war with China is a genuine conflict
5 years, 5 months ago

Trump news: Why the US trade war with China is a genuine conflict

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The trade conflict with China is …

Germany: The trade war is part of a ‘perfect storm’ hitting Europe’s biggest economy
5 years, 5 months ago

Germany: The trade war is part of a ‘perfect storm’ hitting Europe’s biggest economy

CNN  

London CNN Business — Fears that Germany could be dragged into recession by the trade war between the United States and China were stoked on Wednesday by data showing that production in Europe’s manufacturing powerhouse plunged in June. “We should prepare for contraction in the German economy.” Germany relies heavily on exporters that sell a disproportionate amount of goods to …

Goldman Sachs thinks the trade war will drag on until after the 2020 election
5 years, 5 months ago

Goldman Sachs thinks the trade war will drag on until after the 2020 election

CNN  

New York CNN Business — The trade war between the United States and China has sharply intensified in recent days, raising the risk that the bruising battle will drag on through the 2020 presidential election. Goldman Sachs warned clients on Monday that a trade agreement “now looks far off” because officials in Washington and Beijing are “taking a harder line.” …

US-China trade war is starting to get out of hand
5 years, 5 months ago

US-China trade war is starting to get out of hand

CNN  

New York CNN Business — The US-China trade war has always been serious. “The policy of using tariffs as a tool to address our legitimate beefs with the Chinese has failed miserably.” The escalating US-China trade war will certainly be bad for the US economy. How bad is almost impossible to calculate.” Art Hogan, chief market strategist at National Securities …

China GDP growth slumps to lowest in 27 years as the trade war hits
5 years, 5 months ago

China GDP growth slumps to lowest in 27 years as the trade war hits

CNN  

Hong Kong CNN Business — China’s economic growth has slumped to its lowest level in nearly three decades as the world’s second largest economy feels the effects of a prolonged trade war with the United States. “Global growth has slowed and external uncertainties are on the rise.” Beijing and Washington recently agreed a temporary truce in their months-long trade war …

US-China trade war: Global economy dodges a bullet but isn’t out of danger
5 years, 6 months ago

US-China trade war: Global economy dodges a bullet but isn’t out of danger

CNN  

London CNN Business — Stocks and oil prices shot higher Monday after the United States and China announced a cease fire in their trade war. “The global economy has hit a rough patch: investment has weakened and trade has slowed significantly, with export and import growth rates at their lowest level since the great financial crisis,” IMF managing director Christine …

Dispute puts all economies in peril
5 years, 7 months ago

Dispute puts all economies in peril

China Daily  

The trade dispute between the United States and China has taken a serious turn for the worse, and stock markets have reacted accordingly. The US has chosen to greatly escalate the dispute, which is broadly but incorrectly labeled a "trade war". That is why the US administration issued a statement in February emphasizing the importance of artificial intelligence: "Continued American …

For the U.S. and China, it’s not a trade war anymore — it’s something worse
5 years, 7 months ago

For the U.S. and China, it’s not a trade war anymore — it’s something worse

LA Times  

What started out two years ago as an effort by President Trump to wring better terms from China on the nuts and bolts of foreign trade now threatens to become a far wider and more ominous confrontation. The conflict continues to be framed as a “trade war” between the world’s two biggest economies — as Washington and Beijing pursue an …

Here’s the worst-case scenario for the US-China trade war
5 years, 7 months ago

Here’s the worst-case scenario for the US-China trade war

CNN  

New York CNN Business — It turns out trade wars are not short and not so easy to win, as President Donald Trump once tweeted. As the US-China trade war drags on, economists are sharpening their pencils, forecasting what a protracted trade war would cost. “If talks stall, no deal is agreed upon and the US imposes 25% tariffs on …

Why has the U.S. raised trade war stakes?
5 years, 7 months ago

Why has the U.S. raised trade war stakes?

The Hindu  

The story so far: On July 6, 2018, the United States administration slapped a tariff of 25% on $50 billion worth of imports from China. On May 10, 2019, U.S. President Donald Trump raised the tariff rate to 25% on $200 billion of imports from China. Therefore, even if the intention behind the crackdown on Chinese trade practices is purposeful …

Top Chinese official says trade war with US could reduce country’s GDP by 1%
5 years, 7 months ago

Top Chinese official says trade war with US could reduce country’s GDP by 1%

Live Mint  

Beijing: A high ranking Chinese official has said that the ongoing trade war with the US could slash China's GDP by 1%, in the first such admission by Beijing that the tariff war with Washington is biting the world's second largest economy. US President Donald Trump, who kicked off the trade war last year, is demanding China to reduce the …

Trade war: US stock markets fall sharply after Trump imposes new tariffs on China
5 years, 7 months ago

Trade war: US stock markets fall sharply after Trump imposes new tariffs on China

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. Trade tensions worsened last week when the Trump administration …

A fraught moment: U.S.-China trade war
5 years, 7 months ago

A fraught moment: U.S.-China trade war

The Hindu  

The U.S.-China trade war has flared up again after a deceptive lull over the last few months, when both sides were trying to negotiate a deal. The latest revival in tensions between the world’s two largest economies elevates the risk of a global trade war to its highest level since the first signs emerged in 2018. Last month, the International …

US tariffs are reigniting the trade war with China. What happens next?
5 years, 8 months ago

US tariffs are reigniting the trade war with China. What happens next?

CNN  

Hong Kong CNN Business — Just days after they appeared to be on the verge of brokering a deal, the United States and China are fighting a trade war again. Even as the two sides were still talking on Friday, Trump tweeted that “the process had begun” to apply a 25% tariff to virtually all Chinese exports to the United …

US-China trade war: This is a make or break week
5 years, 8 months ago

US-China trade war: This is a make or break week

CNN  

Hong Kong CNN Business — President Donald Trump’s latest threat to increase tariffs on Chinese goods risks reigniting a trade war between the world’s two biggest economies. “Escalation of the trade war could be the trigger for weaker global growth,” said Tai Hui, chief market strategist for Asia at JP Morgan Asset Management. “We continue to be constructive on the …

US China trade war: Trump says tariffs may stay for ‘a substantial period of time’
5 years, 9 months ago

US China trade war: Trump says tariffs may stay for ‘a substantial period of time’

CNN  

Hong Kong CNN — President Donald Trump has warned that US tariffs on $250 billion of Chinese exports are unlikely to go away anytime soon — even if the two countries reach a deal to end their trade war. “We’re not talking about removing them, we’re talking about leaving them for a substantial period of time,” Trump said Wednesday.“Because we …

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