Tag - tariffs

 
 

TARIFFS

Chinese leader Xi Jinping speaks during the opening ceremony of the China-CELAC (Community of Latin American and Caribbean States) Forum in Beijing on Tuesday.
ASIA PACIFIC / Politics
May 13, 2025
China's Xi slams 'bullying' as Beijing hosts Latin American leaders
The Chinese leader also pledged $9.2 billion in credit toward "development" for the region — part of a broad set of initiatives aimed at deepening cooperation.
Huntar Company CEO Jason Cheung adjusts some of the toys on display at his office in Union City, California, on May 8. His company manufactures toys in China for clients in the U.S., Canada and Europe.
BUSINESS / Markets
May 13, 2025
Tariffs crippled U.S.-owned factory in China that made toys for Walmart
Huntar Company CEO Jason Cheung says his company would survive if tariffs come down quickly. If they don't, he'd lose everything.
"The Bank of Japan’s stance to continue to raise the policy interest rate is unchanged” given low real rates and the outlook for its price goal to be met, one of the nine board members said at the central bank's April 30 to May 1 meeting, according to a summary of opinions released Tuesday.
BUSINESS / Economy
May 13, 2025
BOJ still intends to raise rates while monitoring tariffs, summary shows
The written account of the BOJ gathering comes as risk appetite returns to global financial markets following the cooldown in U.S.-China tariff tensions on Monday.
The 90-day truce in the U.S.-China trade war was a huge relief for small businesses and millions of workers on both sides of the Pacific.
COMMENTARY / World
May 13, 2025
Trump and Xi tone down a senseless trade war
It was a huge relief for small businesses and millions of workers on both sides of the Pacific.
Then-Chinese Vice President Xi Jinping visits a school in South Gate, California, in February 2012. Experts say Xi won big in his standoff with U.S. President Donald Trump.
BUSINESS / Economy / ANALYSIS
May 13, 2025
Xi defiance pays off as Trump meets most China trade demands
Going forward, experts say, this will make the Chinese side confident that they have leverage over the U.S. in any negotiations.
A bulk carrier arrives at the Port of Los Angeles on April 28.
BUSINESS / Markets
May 13, 2025
China tariff relief spurs shipping rush and price hike U-turns
The temporary tariff relief means that U.S. companies will try to quickly ship out products that were being held in factory warehouses in China.
Sinovac, a Chinese COVID-19 vaccine, is administered in Bangkok in 2021. The recent U.S. withdrawal from the World Health Organization has further opened the field for Beijing to assert its role in global health, including through vaccine diplomacy.
COMMENTARY / World
May 12, 2025
If China triumphs, America has itself to blame
While Trump's policies bite at home, Beijing is stepping in to fill the void left by the U.S. retreat from global leadership in areas ranging from trade and investment to health.
Prime Minister Shigeru Ishiba at the White House earlier this year. Ishiba said Monday that farmers won't be sacrificed for automakers in Japan's tariff negotiations with the U.S.
BUSINESS / Economy / FOCUS
May 12, 2025
Japan might be playing long game in U.S. tariff talks
Tokyo is resisting making any major concessions, possibly in the hope that mounting domestic pressure will force U.S. President Donald Trump to give it a better deal.
U.S. Trade Representative Jamieson Greer and U.S. Treasury Secretary Scott Bessent attend a news conference after trade talks with China, in Geneva on Monday.
BUSINESS / Economy
May 12, 2025
U.S. and China agree to lower tariffs in 90-day cooling-off period
The temporary move will give the world’s two largest economies three more months to resolve their differences.
A gauge of confidence among store managers, taxi drivers and others who interact directly with Japanese consumers dropped 2.5 points to 42.6 in April.
BUSINESS / Economy
May 12, 2025
Japan’s merchants’ mood hits worst in three years on tariff woes
A gauge of confidence among store managers, taxi drivers and others who interact directly with Japanese consumers dropped 2.5 points to 42.6 in April.
People stand in front of a big screen displaying the Nikkei share average outside a brokerage in Tokyo late last month.
BUSINESS / Markets
May 12, 2025
Japan’s Topix extends rally to 12th day as tariff worries ease
The Topix closed 0.3% higher at 2742.08, giving it its longest winning streak since 2017.
Capsules of Takeda Pharmaceutical's Prevacid heartburn drug. The company's share price dropped by over 5% on Monday after U.S. President Donald Trump announced a plan to order a cut in U.S. prescription drug costs.
BUSINESS / Markets
May 12, 2025
Asian pharma stocks tumble on Trump signal to cut U.S. drug prices
The U.S. president's social media post put pressure on drug-related stocks on worries their profits will take a hit if they have to reduce prices in the U.S.
Workers sew garments along a production line at Thanh Cong Textile Garment in Ho Chi Minh City, Vietnam, on April 28.
BUSINESS / Companies
May 12, 2025
Chinese factories are looking for the next China
Tariffs have resulted in the cost of sending products to the United States soaring in recent weeks, forcing companies to find new trade routes.
An electric vehicle factory in Ningbo, China, on April 9, 2024. For years, Xi Jinping, the leader of China, has planned to make the world dependent on its exports and know-how, but the strategy has costs for his own country.
BUSINESS / Economy
May 12, 2025
This is the trade conflict Xi Jinping has been waiting for
A willingness to weaponize the supply chain may be one of the starkest examples of how Xi is redefining China’s relationship with the world.
A median estimate of economists shows Japan's gross domestic product likely shrank by 0.3% in the January-March quarter on an annualized basis.
BUSINESS / Economy
May 12, 2025
Japan’s sputtering economy likely stalled before Trump’s tariffs
Gross domestic product adjusted for inflation shrank by 0.3% in the first quarter on an annualized basis, according to economists.
U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer address the media after trade talks with China in Geneva on Sunday.
BUSINESS / Economy
May 12, 2025
U.S. and China cite ‘substantial progress’ in Geneva trade talks
U.S. negotiators described "substantial progress" and also said details would be announced Monday.
Yantian port in Shenzhen, Guangdong province, China. Investors are cautiously optimistic that U.S.-China trade talks underway in Switzerland will ease tensions and market volatility, though few expect a major breakthrough amid deep-rooted disputes and high tariffs.
BUSINESS / Markets
May 11, 2025
Wary investors hope U.S.-China talks cool high-stakes trade war
The highly anticipated meeting in Switzerland could mark one of the biggest developments since U.S. President Donald Trump launched sweeping tariffs on April 2.
Prime Minister Shigeru Ishiba speaks during a Lower House committee meeting on Friday.
BUSINESS / Economy
May 11, 2025
Ishiba vows Japan will stand its ground, demanding U.S. lift auto tariffs
The U.S. is an important market for the Japanese automobile industry, accounting for about 20% of its total car exports in terms of volume and about 30% in terms of value.
U.S. Treasury Secretary Scott Bessent takes questions at the White House on April 29. Bessent, a former hedge fund manager, is leading trade talks with China in Geneva.
BUSINESS / Economy
May 11, 2025
U.S. and China conclude first day of talks in bid to ease trade war
U.S. President Donald Trump said negotiators had "a very good meeting” on their first day of an effort to deescalate the rivals' trade war.
U.S. Treasury Secretary Scott Bessent leaves his hotel for a meeting with Chinese officials on tariffs in Geneva on Saturday.
BUSINESS / Economy
May 10, 2025
U.S. and China begin talks in bid to 'de-escalate' trade war
The talks were the first between the world's two largest economies since U.S. President Donald Trump slapped steep new levies on China last month.

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