Trade
Trump 2.0 could go ‘nuclear’ on China trade, while economists say Harris would remain tough
Republican Presidential nominee and former President Donald J. Trump holds campaign rally at the Van Andel Arena in Grand Rapids, Michigan on July 20, 2024. Bill Pugliano | Getty Images News | Getty Images Former President Donald Trump would likely take his trade war and economic decoupling policies to new levels if he were elected to […]
Read More
European officials get excited about Kamala Harris — but are still hedging their bets
US Vice President Kamala Harris seen attending the 2024 Munich Security Conference on February 16, 2024 in Munich, Germany. Johannes Simon | Getty Images There’s a renewed sense of excitement among European officials as U.S. Vice President Kamala Harris becomes the frontrunner for the Democratic nomination ahead of the all-important election this fall. The U.S. […]
Read More
CNBC Daily Open: Dow drops, Netflix beats estimates, Nvidia rebounds
Traders work on the floor of the New York Stock Exchange during morning trading on Jan. 31, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
Read More
These stocks will be the winners and losers of rising U.S.-China trade tensions, Wall Street says
Tensions are ratchetting up between U.S. and its major trading partners. In the latest, Bloomberg on Wednesday reported that the Biden administration is considering a wide-sweeping rule to clamp down on companies exporting their critical chipmaking equipment to China. That follows new tariff rates on $18 billion worth of Chinese imports — including electric vehicles, […]
Read More
Ex-Trump aide Peter Navarro to speak at RNC hours after leaving jail
Former Donald Trump adviser Peter Navarro holds a press conference before turning himself into a federal prison on March 19, 2024, in Miami, Florida. Joe Raedle | Getty Images Peter Navarro, the former Trump trade advisor who was convicted of defying a subpoena from the House committee investigating the Jan. 6 Capitol riot, is set […]
Read More
EU countries divided on Chinese EV tariffs in vote, Reuters reports
Pictured here is a Zeekr electric vehicle charging station in Dongguan, Guangdong province of China, on Nov. 14, 2022. Vcg | Visual China Group | Getty Images European Union governments exposed divided views on the merits of EU tariffs on imports of China-built electric vehicles in a non-binding but still influential vote, sources with knowledge of the vote said on Tuesday. The European Commission, which oversees […]
Read More
Man caught attempting to smuggle 104 live snakes in his pants at China border
Image of Chinese customs officers holding bags of snakes seized at the Futian Port shared on July 9, 2024 Source: General Administration of Customs of the People’s Republic of China A man attempting to smuggle 104 live snakes in his pants was caught at a Chinese border this week, according to the country’s customs authority. […]
Read More
Amazon’s Asian rival Shein wants to be supply chain giant, but some fear Chinese cyber spying inside global trade links
Workers producing garments at a textile factory that supplies clothes to fast fashion e-commerce company Shein in Guangzhou in southern China’s Guangdong province. Jade Gao | Afp | Getty Images The rise of Asian fast fashion retailer Shein already has Amazon on alert, but its plans of selling proprietary supply-chain technology and services to companies […]
Read More
Trade feuds apart, Chinese corporations are committed to the U.S. current market, survey demonstrates
GP: American flag and Chinese flag Matt Anderson Photography | Minute | Getty Photos A new survey of Chinese enterprises in the U.S. has located that a majority remain bullish on the industry very long term regardless of escalating considerations about U.S.-China relations and the broader enterprise setting. The yearly survey done by the China […]
Read More
EU tariffs on China not a ‘punishment,’ claims German economic system minister
Proposed European Union tariffs on Chinese merchandise are not a “punishment,” Germany’s Economic system Minister Robert Habeck explained to Chinese officers in Beijing on Saturday. Habeck’s stop by to China is the to start with by a senior European official considering that Brussels proposed significant duties on imports of Chinese-built electric powered automobiles (EVs) to combat what […]
Read More