Tag - trade-war

 
 

TRADE WAR

Donald Trump’s rapid use of tariffs, disregard for conventional diplomacy and fixation on strength risk undermining the global economic order, isolating the U.S. and triggering widespread economic harm.
EDITORIALS
Jan 31, 2025
The Trump test begins: Tariffs, power plays and economic risk
The speed with which the U.S. president reached for this tariff tool — against an ally no less — is proof that his threats are not empty words.
U.S. President Donald Trump speaks during a House Republican members conference meeting at Trump National Doral resort in Miami on Monday.
BUSINESS / Economy
Jan 28, 2025
Trump pledges tariffs ‘much bigger’ than 2.5% and on key sectors
The American president's remarks were the latest in a string of major signals that he’s preparing widespread levies to reshape U.S. supply chains.
Economic coercion has become a prominent tool in global geopolitics, with both China and the U.S. relying on it to pursue their policy goals, and more so with Donald Trump now in office.
COMMENTARY / World
Jan 28, 2025
When big countries wave their big economic sticks
There is no agreed definition of economic coercion under international law; like pornography, we know it when we see it.
Scott Bessent, then nominee for U.S. treasury secretary, arrives for his confirmation hearing before the Senate Finance Committee on Capitol Hill in Washington on Jan. 16.
BUSINESS / Economy
Jan 28, 2025
Billionaire financier Bessent confirmed as Trump's treasury chief
The new treasury secretary will be the chief economic spokesman for President Donald Trump and his sweeping agenda of tax cuts, deregulation and trade rebalancing.
U.S. President Donald Trump attends an event about the economy at the Circa Resort and Casino in Las Vegas on Saturday.
WORLD / Politics / FOCUS
Jan 26, 2025
Trump’s frenzied debut delights base as thornier decisions await
The honeymoon is hardly assured to last, with the U.S. president so far avoiding drastic steps that would tempt backlash from his party, Wall Street or both.
Shipping containers at an industrial port in the Keihin Industrial Zone in Kawasaki. Japanese businesses see a larger role for Japan if global trade breaks down and multilateral trade institutions become less effective without U.S. participation.
BUSINESS / Economy
Jan 23, 2025
Japan contemplates global free-trade leadership as U.S. goes protectionist
Tokyo could find opportunity in the turmoil while avoiding direct confrontation with Washington.
U.S. President Donald Trump signs executive orders in the Oval Office of the White House in Washington on Monday.
WORLD / Politics
Jan 23, 2025
As Trump threatens tariffs, his orders kick off more extensive trade overhaul
The U.S. president's executive order on trade touched on sweeping changes to rules that have governed U.S. trade policy for decades.
U.S. President Donald Trump reviews troops during his inauguration ceremony at the Capitol in Washington on Monday.
WORLD / Politics / FOCUS
Jan 21, 2025
'America first' returns as Trump ditches focus on allies and rules-based order
The U.S. under his new administration will be a dominating force that will take whatever steps necessary to advance American interests, the newly inaugurated president said.
During his first term, U.S. President Donald Trump took a hard line against China. As Trump takes office again, this confrontation is likely to continue and potentially escalate over issues such as Taiwan and economic security interests.
COMMENTARY / World / Geoeconomic Briefing
Jan 20, 2025
Politics and the economy: Bedfellows of U.S.-China relations
Since Trump's first term, China has shown its willingness to use aggressive economic measures in its confrontation with the U.S., setting the stage for a potential escalation.
Economists, legal experts and business leaders concur that incoming U.S. President Donald Trump's pledge to implement fresh tariffs — whether directly aimed at Japan or not — could hurt the country's export-reliant machinery and automobiles industries while shattering the global economy.
BUSINESS / Economy / ANALYSIS
Jan 20, 2025
Japanese firms weigh fallout from Trump tariff pledges
Additional tariffs — whether directly aimed at Japan or not — could hurt its export-reliant machinery and automobiles industries while shattering the global economy.
Canadian Prime Minister Justin Trudeau delivers a statement after meeting with the National Association of Manufacturers President and CEO Jay Timmons in Washington on Thursday.
WORLD / Politics
Jan 13, 2025
Canada has counter-tariffs ready if Trump launches trade war, Trudeau says
Canada buys more U.S.-made goods than any other country, according to U.S. Commerce Department export data — about $320 billion in the first 11 months of last year.
A Toyota RAV4 at a car dealership in California on Dec. 18. U.S. President-elect Donald Trump's pledge to impose additional tariffs on imports has sparked concern among Japanese automakers with significant operations in Mexico.
BUSINESS / Companies / FOCUS
Dec 29, 2024
Trump tariffs spark concern among Japanese automakers
The pressing question now is how Japan will navigate and respond to the emerging order shaped by deepening global divisions.
Sanjay Mehrotra, CEO of semiconductor company Micron, addresses Semicon India 2023, India’s annual semiconductor conference, held in Gandhinagar, Gujarat state. India is trying to boost domestic chip production, a strategic move for its industrial growth and economic security.
COMMENTARY / World
Dec 19, 2024
India’s budding chip industry: A cause for cautious optimism
Amid the global "chip war," India has entered the fray as it tries to become a semiconductor leader, a move welcomed by those diversifying supply chains away from China.
Canadian Prime Minister Justin Trudeau during the National Caucus holiday party in Ottawa, Ontario, Canada, on Tuesday
WORLD / Politics
Dec 19, 2024
Trudeau’s political crisis rips up playbook for trade fight with Trump
Canada's prime minister is now on the back foot after his finance minister resigned, a move that cast doubt on his preparation for a clash with the U.S.
Mannequins are displayed inside a lingerie showroom at WeMet Industrial Park in the Guanyun county of Lianyungang, Jiangsu province, China, on Nov. 26.
BUSINESS / Economy
Dec 16, 2024
China's 'erotic clothing' capital braces for e-commerce crackdown
The development of the lingerie industry in eastern Guanyun county in China has exploded partly due to a U.S. tariff exemption likely to soon be curtailed or scrapped.
An electric vehicle charging station in Baker, California. The Inflation Reduction Act has spurred investment in EVs and other green technologies across the U.S. and President-elect Donald Trump should continue Joe Biden's climate-related industrial policy.
COMMENTARY / World
Dec 16, 2024
Green tech and U.S.-China rivalry: Two sides of the same coin
The incoming president should improve, not undo, Biden's industrial policies, which have boosted investment in green technologies, a key economic battleground.
Containers at the Yangshan deepwater port in Shanghai earlier this year. A new trade war with the U.S. would still hurt China more as Washington can levy ever-larger import duties on its goods and further rip the Asian giant from its supply chains, analysts say.
BUSINESS / Economy
Dec 13, 2024
China eyes negotiations as Trump threatens new tariffs
Beijing is seeking to amass bargaining chips to kick off talks with a new U.S. administration on contentious aspects of its ties with Washington.
Akihisa Nagashima, national security adviser to Prime Minister Shigeru Ishiba, speaks during an interview in Tokyo on Thursday.
JAPAN / Politics
Dec 13, 2024
Japan must brace and prepare for Trump tariffs, top adviser says
"Japan must be prepared for Trump following through on his plans,” says Prime Minister Ishiba's national security adviser Akihisa Nagashima.
U.S. President-elect Donald Trump on the floor of the New York Stock Exchange as he takes part in the Wall Street bell ringing in Manhattan, on Thursday
BUSINESS / Economy
Dec 13, 2024
No winners seen in Trump’s ‘destructive’ energy tariffs
Tariffs threaten to be particularly troublesome for a North American energy industry that has been tightly integrated for decades and already favors U.S. interests.
A Toyota production line in New Jersey. The U.S. is a key market for Japanese automakers, who are closely monitoring policy changes in Washington as the incoming Trump administration is likely to change the course set by President Joe Biden.
COMMENTARY / Japan / Geoeconomic Briefing
Dec 12, 2024
Japan’s auto industry looks down the road to Trump presidency
Of the cars sold in the U.S., 40% are from Japanese makers, who are determined to hold onto this market share despite Washington's policy vagaries in the auto field.

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