Tag: US-China trade war

  • Apple shares sharply lower in US trading

    by levent

    Apple shares opened Thursday down more than 9% at $143 after chief executive Tim Cook blamed a slowdown in China sales for falling revenues. On Wednesday, the iPhone maker said it expected revenue of about $84bn for the last three months of 2018, down from a forecast of at least $89bn. The news depressed other […]

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  • China sparked an economic miracle-now there’s a fight over its legacy

    by levent

    Hong Kong – When Victor Gao was growing up in rural China in 1970s, cars and trucks were so rare he would chase them with the other children through the dirt roads, overjoyed by the strange sight. Today, China is the world’s largest automobile manufacturer, with more than double the capacity of the United States. “I […]

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  • China’s exports weaken amid US tariff battle, cooling demand

    by levent

    BEIJING — China’s exports decelerated in November amid a tariff battle with Washington and cooling global demand. Customs data on Saturday showed shipments to the United States rose by a relatively robust 12.9 per cent over a year ago to $46.2 billion, down from October’s 13.3 per cent. Overall, China’s global exports rose 5.4 per […]

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  • US-China trade war: Deal agreed to suspend new trade tariffs

    by levent

    US President Donald Trump and his Chinese counterpart Xi Jinping have agreed to halt new trade tariffs for 90 days to allow for talks, the US says. At a post-G20 summit meeting in Buenos Aires, Mr Trump agreed not to boost tariffs on $200bn (£157bn) of Chinese goods from 10% to 25% on 1 January. […]

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  • Trade War Update: China Subverts Tariffs, Trade Gap Gets Wider

    by levent

    Chinese exporters (and likey their American counterparts) have figured out a way for some items to skirt tariffs. U.S. Customs and Border Protection determined last week that Chinese hardwood plywood is circumventing lumber tariffs by using Vietnam , Panjiva Research pointed out on Monday. The end-around is expected to have begun when duties were applied to certain types […]

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  • The American Casualties of Trump’s Trade War

    by levent

    Sam Cobb was surprised to see so many people lined up for a hearing at the International Trade Commission in Washington on the morning of Monday, Aug. 20. The chief executive of Real Wood Floors, Cobb was a veteran of such proceedings, which were usually sleepy affairs, populated by white-shoe attorneys fighting over arcane legal […]

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  • The pain of Trump’s tariffs is coming home to American shoppers

    by levent

    Donald Trump’s trade war with China looks like it’s finally going to hit American shoppers. The office of the US trade representative announced that the US president had directed it to start the process of putting a new 10% tariff on $200 billion worth of Chinese imports. They include (pdf) a long list of consumer goods, such as clothes, […]

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