China, Donald Trump and Tariffs
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Trump, tariff and small countries
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Four months since Trump fired the opening salvo of his trade war, only China and Canada have dared to hit back at Washington imposing a minimum 10 per cent global tariff, 50 per cent levies on steel and aluminium, and 25 per cent on autos.
Only a few years ago, the Biden administration declared export controls a “new strategic asset” to help the US maintain “as large a lead as possible” over China in advanced technology. President Donald Trump is now upending that approach.
Official figures showed modest growth in the second quarter as exports shifted to other countries and Beijing invested in manufacturing and infrastructure.
The Chinese economy cooled in the second quarter, but growth was in line with expectations despite pressure from U.S. tariffs.
U.S. President Donald Trump said on Wednesday that he thinks China will soon sentence people to death for fentanyl manufacturing and distribution, as he offered fresh optimism about the prospects of a deal with Beijing on illicit drugs.
Russian President Vladimir Putin has sacrificed an estimated 1 million of his soldiers, killed and wounded, in a three-year campaign to crush Ukraine. Now President Donald Trump is betting that his go-to economic weapon — tariffs — can succeed where Ukrainian drones and rockets haven't,
China reported a better-than-expected economic growth as the world’s second largest economy took advantage of a trade truce with the US amid President Donald Trump’s tariff offensive.
Key Takeaways President Donald Trump said late Tuesday that new tariffs on semiconductors could be coming soon, though Wedbush analysts suggested his stance could soften.The analysts pointed to Nvidia's assurances from the Trump administration of licenses to resume AI chip sales to China,