Trump's game, China's move
2 weeks, 3 days ago

Trump's game, China's move

China Daily  

Cai Meng/China Daily The Trump White House is likely to ignite another round of inflation in new trade and tech wars. Trump's triple inflation risks If the 2021-23 inflation surge in America killed Biden's second term by instigating widespread voter frustration, Trump's economic agenda is likely to pose a triple threat to US price stability. The second likely source of inflation would be the Trump's pledge to initiate the "massive" deportation process, alongside other restrictive immigration policies. Unlike Lighthizer who saw tariffs as across-the-board duties to resolve America's chronic trade deficits, the Wall Streeters are more likely to use tariffs "strategically" on certain products and as a cudgel to coerce other nations to accede to Trump's demands. China's counter-measures As demonstrated by the just concluded Central Economic Work Conference, China has been preparing for Trump's trade wars.

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History of this topic

Trump tariff threats trigger supply chain ‘freak out’
1 week, 5 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 …

Trump's game, China's move
2 weeks, 3 days ago

Trump's game, China's move

China Daily  

Cai Meng/China Daily The Trump White House is likely to ignite another round of inflation in new trade and tech wars. Trump's triple inflation risks If the 2021-23 inflation surge in America killed Biden's second term by instigating widespread voter frustration, Trump's economic agenda is likely to pose a triple threat to US price stability. The second likely source of …

Trump's game, China's move
2 weeks, 3 days ago

Trump's game, China's move

China Daily  

Cai Meng/China Daily The Trump White House is likely to ignite another round of inflation in new trade and tech wars. Trump's triple inflation risks If the 2021-23 inflation surge in America killed Biden's second term by instigating widespread voter frustration, Trump's economic agenda is likely to pose a triple threat to US price stability. The second likely source of …

US-China relations: Beijing calls for reset in bilateral tieunder President Donald Trump
3 weeks, 2 days ago

US-China relations: Beijing calls for reset in bilateral tieunder President Donald Trump

Live Mint  

China’s top diplomat expressed hope on Tuesday that the incoming Trump administration would foster cooperative ties with Beijing, hours after former President Donald Trump remarked that the COVID-19 pandemic had strained his once-cordial relationship with Chinese President Xi Jinping, as per Reuters. “We hope the new U.S. administration will make the right choice and work with China in a mutually-beneficial …

Inflation increases against backdrop of higher tariffs
3 weeks, 6 days ago

Inflation increases against backdrop of higher tariffs

China Daily  

Inflation in the US crept up in November, posing a challenge for the Federal Reserve in its efforts to continue trimming interest rates, while President-elect Donald Trump floated expanded tariffs. "The possibility the incoming US administration will impose new tariffs on Canadian exports to the United States has increased uncertainty and clouded the economic outlook," the bank's statement said. US …

Inflation increases against backdrop of higher tariffs
3 weeks, 6 days ago

Inflation increases against backdrop of higher tariffs

China Daily  

Inflation in the US crept up in November, posing a challenge for the Federal Reserve in its efforts to continue trimming interest rates, while President-elect Donald Trump floated expanded tariffs. "The possibility the incoming US administration will impose new tariffs on Canadian exports to the United States has increased uncertainty and clouded the economic outlook," the bank's statement said. US …

New inflation numbers threaten Trump and GOP's plans for tax cuts and tariffs: report
4 weeks ago

New inflation numbers threaten Trump and GOP's plans for tax cuts and tariffs: report

Raw Story  

New Labor Department data released Wednesday showed stubborn inflation continued, which could make it difficult for President-elect Donald Trump and his GOP allies to pass certain legislation they've planned. While the consumer price index increased 2.7 percent in November from 2023, it was also larger than September's 2.4 percent rise, The Washington Post reported. "While Trump criticized President Joe Biden’s …

King’s gambit: What Trump’s threats of big tariffs on imports from China, Canada and Mexico tell us
1 month, 1 week 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, 1 week 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 …

Trump has a problem: America's economy is growing but so is its inflation
1 month, 1 week ago

Trump has a problem: America's economy is growing but so is its inflation

Firstpost  

Even as the US economy grew by 2.8% in the third quarter, the inflation also grew by 1.9%, complicating the economic outlook that President-elect Donald Trump will inherit in January US President-elect Donald Trump has vowed to fix the United States. Inflation rises by 1.9% — complicating picture for Trump Even as the US economy grew 2.8 per cent year-on-year …

Trump’s tariffs in his first term did little to alter the economy, but this time could be different
Trending News
1 month, 1 week 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 …

What Trump’s new tariff threats mean for the US economy
Trending News
1 month, 1 week ago

What Trump’s new tariff threats mean for the US economy

Live Mint  

The stiff duties that President-elect Donald Trump threatened against the U.S.’s neighbors and big trading partners, along with the additional tariffs he promised against China, could raise prices for Americans on everything from fresh fruit from Mexico to lumber from Canada and Chinese electronics. Trump’s promise to impose 25% tariffs on Canada and Mexico and an additional 10% on Chinese …

Trump's tariff pledge for China drives dollar up, pushes most Asian markets down
1 month, 2 weeks ago

Trump's tariff pledge for China drives dollar up, pushes most Asian markets down

Firstpost  

US President-elect Donald Trump has warned that he would impose huge new tariffs on China, Mexico and Canada on his first day in office Asian markets fell and the dollar rallied Tuesday after Donald Trump warned he would impose huge new tariffs on China, Mexico and Canada on his first day in office, dealing a blow to hopes of a …

Trump picks Lighthizer acolyte to be his trade chief
1 month, 2 weeks ago

Trump picks Lighthizer acolyte to be his trade chief

Politico  

If confirmed by the Senate, Greer, 44, will be on the front line of Trump’s threat to impose a baseline tariff of up to 20 percent on all $3 trillion worth of U.S. exports and a separate 60 percent tariff on Chinese goods. “We are confident that Jamieson understands how Mexico, Vietnam, and the EU are exploiting America’s open economy …

Trump can do a business deal with China
Trending News
1 month, 2 weeks ago

Trump can do a business deal with China

China Daily  

Editor's note: In recent years, China has made significant strides in pursuit of high-quality economic and cultural development. How can China achieve a breakthrough deal with the next US administration after Donald Trump assumes office on Jan 20 despite the wide expectation he would implement highly disruptive domestic and foreign policies? The worst-case scenario is the US intensifying the tariff …

Trump can do a business deal with China
Trending News
1 month, 2 weeks ago

Trump can do a business deal with China

China Daily  

Editor's note: In recent years, China has made significant strides in pursuit of high-quality economic and cultural development. How can China achieve a breakthrough deal with the next US administration after Donald Trump assumes office on Jan 20 despite the wide expectation he would implement highly disruptive domestic and foreign policies? The worst-case scenario is the US intensifying the tariff …

Trump can do a business deal with China
1 month, 2 weeks ago

Trump can do a business deal with China

China Daily  

Editor's note: In recent years, China has made significant strides in pursuit of high-quality economic and cultural development. How can China achieve a breakthrough deal with the next US administration after Donald Trump assumes office on Jan 20 despite the wide expectation he would implement highly disruptive domestic and foreign policies? The worst-case scenario is the US intensifying the tariff …

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 …

China prepares to retaliate against potential trade war with Donald Trump
1 month, 3 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 …

'Really rude shock' coming to Trump voters on inflation: Nobel Prize-winning economist
Trending News
1 month, 3 weeks ago

'Really rude shock' coming to Trump voters on inflation: Nobel Prize-winning economist

Raw Story  

New York Times columnist and Nobel Prize-winning economist Paul Krugman said that voters who believed President-elect Donald Trump would do a better job of handling inflation than Vice President Kamala Harris are in for a "really rude shock." In a podcast published by the Times this week, Krugman outlined why Trump's proposed economic policies were likely to do the exact …

The Trump inflation shock could be worse than the last inflation crisis, Larry Summers warns
1 month, 3 weeks ago

The Trump inflation shock could be worse than the last inflation crisis, Larry Summers warns

CNN  

New York CNN — Larry Summers has some unsolicited advice for President-elect Donald Trump: Don’t keep your campaign promises — unless you want to send prices skyrocketing once again. “In his first term, President Trump instituted tariffs against China that created jobs, spurred investment, and resulted in no inflation,” Karoline Leavitt, a Trump transition spokesperson, said in a statement. “President …

Trump’s comeback to bring massive tariffs, trade wars & global economic turmoil?
1 month, 4 weeks ago

Trump’s comeback to bring massive tariffs, trade wars & global economic turmoil?

Firstpost  

Donald Trump’s return as US President could bring significant economic shifts, with proposed tariffs and stricter immigration policies affecting global trade and emerging markets. These tariffs could also affect global economic growth, with the International Monetary Fund projecting it at just 3.2 per cent for next year. In a recent interview, IMF First Deputy Managing Director Gita Gopinath stated that …

Markets hail Trump’s economics
1 month, 4 weeks ago

Markets hail Trump’s economics

Live Mint  

Twenty-three Nobel laureates in economics warned two weeks ago that Donald Trump’s economic agenda would be disastrous for the U.S. Mr. Trump’s election drove the largest single-day increase in the U.S. dollar in more than two years, and third largest in the last decade. The combination of the steepening yield curve, stable inflation expectations and the rise in stocks indicates …

Chinese traders foretold a Trump win as Republican orders surged, yet fear a challenging future for China-US trade
1 month, 4 weeks ago

Chinese traders foretold a Trump win as Republican orders surged, yet fear a challenging future for China-US trade

ABC  

In the eastern Chinese city of Yiwu, known as the "world's supermarket", traders were cautiously optimistic yet wary as a wave of orders rolled in before the United States presidential election. Trump's tariffs could impact the global economy Photo shows A illustration of US and Chinese flags covering currency Trump's victory has far-reaching global economic and market ramifications. For many …

ALEX BRUMMER: Trump tariff plans pose threat to growth
Trending News
2 months ago

ALEX BRUMMER: Trump tariff plans pose threat to growth

Daily Mail  

Detailed exit polling will eventually show why Republicans with Donald Trump on the top of the ballot were triumphant in the US election. Even though the Biden White House can claim success for growth, which hit 2.7 per cent in the third quarter, there was little cut-through for the Democrats. Tariffs: On the campaign trail, Trump proposed a 60% additional …

How are world economies reacting to Trump's imminent return as U.S. president?
2 months ago

How are world economies reacting to Trump's imminent return as U.S. president?

NPR  

How are world economies reacting to Trump's imminent return as U.S. president? “This is quite a complex network of supply chains, and increased tariffs by the U.S. — which would probably lead to retaliation by other major trading powers — would disrupt those existing supply chains, which leads to uncertainty, increased costs, and therefore has a knock-on effect on companies.” …

US Election Results: FPI outflows to China trade war—how will Trump’s victory impact global markets? Experts weigh in
2 months ago

US Election Results: FPI outflows to China trade war—how will Trump’s victory impact global markets? Experts weigh in

Live Mint  

US Election Results 2024: In a remarkable turnaround after losing the 2020 elections, Republican US President Donald Trump secured a record-breaking historic victory in the US Presidential Elections 2024, defeating Democratic Vice President Kamala Harris with over 270 electoral votes to become President-elect officially. Follow Live Updates: US Election Results 2024 LIVE- Donald Trump becomes 47th US President Trump's top …

Fears of fresh wave of global inflation after Trump declares victory
Trending News
2 months ago

Fears of fresh wave of global inflation after Trump declares victory

The Telegraph  

Donald Trump’s victory in the presidential election has reignited fears that he will unleash a fresh wave of global inflation. Analysts said victory for the Republicans – including across Congress – would also push down growth in Europe, extending the bloc’s era of stagnancy. Kallum Pickering, the chief economist at Peel Hunt, said these moves represented the “boon for US-exposed …

Top conservative economists warn of huge inflation after election – ESPECIALLY if Trump wins
2 months, 1 week ago

Top conservative economists warn of huge inflation after election – ESPECIALLY if Trump wins

Daily Mail  

Conservative-leaning economists are warning that Donald Trump's policies could trigger a new surge in inflation. Both Trump and Vice President Kamala Harris have put forward policies that they claim will keep inflation under control, while boosting growth for the US economy. Conservative-leaning economists are warning that Donald Trump's policies could cause a spike in inflation A second Trump term would …

Geopolitical Thaw: China and India Realign in a New Era
2 months, 2 weeks ago

Geopolitical Thaw: China and India Realign in a New Era

New Indian Express  

Leaders of two nations, Modi and Jinping, meet after five years of conflict. The meeting aims to assess the impact of the deteriorating Chinese economy on the ongoing trade-offs. Both sides agree on a patrolling arrangement along the Line of Actual Control and discuss a potential reduction in tensions.

Trump's Economic Plans Would Actually Worsen Inflation, Experts Warn
2 months, 3 weeks ago

Trump's Economic Plans Would Actually Worsen Inflation, Experts Warn

Huff Post  

LOADING ERROR LOADING WASHINGTON — With characteristic bravado, Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely.” It’s a message tailored for Americans who are still exasperated by the jump in consumer prices that began 3 1/2 years ago. Sixteen Nobel Prize-winning economists signed a letter in June expressing fear that Trump’s …

Trump's economic plans would worsen inflation, experts say
2 months, 3 weeks ago

Trump's economic plans would worsen inflation, experts say

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Sixteen Nobel Prize-winning economists signed …

Trump's economic plans would worsen inflation, experts say
2 months, 3 weeks ago

Trump's economic plans would worsen inflation, experts say

New Indian Express  

WASHINGTON: With characteristic bravado, Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely." Sixteen Nobel Prize-winning economists signed a letter in June expressing fear that Trump's proposals would “reignite’’ inflation, which has plummeted since peaking at 9.1% in 2022 and is nearly back to the Fed’s 2% target. Last month, the Peterson …

Trump’s promises would spike inflation and wipe out jobs, study finds
3 months, 2 weeks ago

Trump’s promises would spike inflation and wipe out jobs, study finds

CNN  

CNN — Former President Donald Trump has promised to attack the United States affordability crisis by imposing immense tariffs, carrying out unprecedented deportations and even influencing interest rate decisions. A loss of Fed independence would cause “permanently higher inflation” that “leads to ever-increasing prices across the US economy,” the paper said. At an event in Michigan last week, Trump praised …

"Extremely dangerous": Economists say Trump's inflation plan could badly backfire on workers
4 months, 2 weeks ago

"Extremely dangerous": Economists say Trump's inflation plan could badly backfire on workers

Salon  

Donald Trump told voters during a speech last week that he would bring prices back to pre-COVID levels if elected, drawing heavy skepticism from economists who have studied his proposals. Related A survey of economists found most believe inflation would get worse under Trump He explained that Trump isn’t trying to slow the rate of inflation by increasing prices at …

Donald Trump's close call has lifted the odds of his election … and a fresh inflation breakout
5 months, 3 weeks ago

Donald Trump's close call has lifted the odds of his election … and a fresh inflation breakout

ABC  

The blood-smeared face of Donald Trump, clenched fist raised against the background of the stars and stripes, may be the defining image of his campaign and an enduring portrayal of our times. US tariff rise Photo shows US President Donald Trump says he's ready to escalate the trade war with China President Donald Trump's latest tariff hike on Chinese goods …

Biden levies sweeping tariffs on China, intensifying trade fight with Trump
7 months, 3 weeks ago

Biden levies sweeping tariffs on China, intensifying trade fight with Trump

Live Mint  

WASHINGTON—One day after news broke that President Biden was planning to raise tariffs on Chinese electric vehicles to roughly 100%, Donald Trump moved to one-up his rival for the White House. Biden’s decision caps years of tortured debate within the administration over the tariffs Trump originally put in place on more than $300 billion in imports from China. “I don’t …

Biden attacks Trump with new China tariff announcement
7 months, 3 weeks ago

Biden attacks Trump with new China tariff announcement

Politico  

Still, Biden’s trade action leaves in place the tariffs that Trump imposed on more than $300 billion worth of Chinese during 2018 and 2019, despite pleas from many business groups for tariff relief. And he bragged about using export controls and other measures so “the most advanced American technologies we develop or invent … can’t be used by the Chinese …

Trump trade advisers plot dollar devaluation
8 months, 3 weeks ago

Trump trade advisers plot dollar devaluation

Politico  

“Currency revaluation is likely to be a priority for some members of a potential second Trump administration, mainly because of the viewpoint that contributes to the trade deficit,” said one former Trump administration official, adding that Lighthizer and his team are the primary advocates for the approach. Lighthizer “frequently” brought up currency devaluation during Trump’s first term, said one former …

Janet Yellen says the Trump administration’s China policies left the US more vulnerable
1 year ago

Janet Yellen says the Trump administration’s China policies left the US more vulnerable

Associated Press  

WASHINGTON — Treasury Secretary Janet Yellen said former President Donald Trump ‘s policies toward China left America “more vulnerable and more isolated” in the global economy, a rare jab by her at the front-runner for the Republican presidential nomination. Yellen, at a U.S.-China Business Council event Thursday night, said the Trump administration “failed to make investments at home in critical …

Inflation rocked Biden’s second year as president. There’s more economic trouble on the horizon
1 year, 11 months ago

Inflation rocked Biden’s second year as president. There’s more economic trouble on the horizon

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. open image in gallery President Joe Biden listens during an event about infrastructure in …

Biden’s challenge: Inflation overshadows robust job gains
2 years, 7 months ago

Biden’s challenge: Inflation overshadows robust job gains

Associated Press  

REHOBOTH BEACH, Delaware — President Joe Biden came before the television cameras Friday to celebrate yet another month of healthy job growth and low unemployment and the fastest pace of hiring in four decades under his watch. “The job market,” the president declared, “is the strongest it’s been since just after World War II.” Yet just as it often does, …

40-year-high US inflation self-inflicted
2 years, 7 months ago

40-year-high US inflation self-inflicted

China Daily  

A man shops at a supermarket in Foster City in California, the United States, April 12, 2022. Food prices climbed to an all-time high in March, up nearly 20 percent year-on-year, and remain high in what UN Secretary-General Antonio Guterres has called the "hurricane of hunger and a meltdown of the global food system", while crude oil price reached a …

40-year-high US inflation self-inflicted
2 years, 7 months ago

40-year-high US inflation self-inflicted

China Daily  

A man shops at a supermarket in Foster City in California, the United States, April 12, 2022. Food prices climbed to an all-time high in March, up nearly 20 percent year-on-year, and remain high in what UN Secretary-General Antonio Guterres has called the "hurricane of hunger and a meltdown of the global food system", while crude oil price reached a …

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 …

Under Biden, China faces renewed trade pressure
3 years, 11 months ago

Under Biden, China faces renewed trade pressure

Associated Press  

BEIJING — The U.S.-Chinese trade war isn’t going away under President Joe Biden. A Chinese foreign ministry spokesman, Zhao Lijian, appealed to Washington to learn from Trump’s “erroneous policies” and adopt a “constructive attitude” but gave no indication of possible changes by Beijing. He said that while many of Trump’s statements were “close to nonsense,” he was right that China …

Trump’s trade wars at a glance, from Beijing to Brussels
4 years, 2 months ago

Trump’s trade wars at a glance, from Beijing to Brussels

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. Here's a look at four tumultuous years of …

Despite Trade War and Virus Jibes, Why Beijing May Want to Keep Trump in the White House
4 years, 2 months ago

Despite Trade War and Virus Jibes, Why Beijing May Want to Keep Trump in the White House

News 18  

Donald Trump has frustrated and enraged China during a tumultuous first term, but Beijing may welcome his re-election as it scans the horizon for the decline of its superpower rival. China’s leadership could be handed “the opportunity to boost its global standing as a champion for globalisation, multilateralism, and international cooperation,” said Zhiqun Zhu, professor of political science and international …

Trump and Biden on trade: Same diagnosis, different prescription
4 years, 4 months ago

Trump and Biden on trade: Same diagnosis, different prescription

LA Times  

International trade was never much of an issue in presidential campaigns until Donald Trump. In 2016, he made trade a key plank in his economic nationalism platform, denouncing America’s biggest free trade pacts and promising a whole new way of doing business with the rest of the world. President Trump At the core of Trump’s trade policy has been his …

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