Latest International trade News
Biden is taking on cheap products from China. It could mean higher prices
WASHINGTON (AP) — The Biden administration is cracking down on cheap products sold out of China, expanding a push to reduce U.S. dependence on Beijing and bolster homegrown industry, but that could trigger higher prices for U.S. consumers who flock to popular shopping sites like Temu and Shein. ...
European business confidence in China is at an all-time low, report says
HONG KONG (AP) — China must reprioritize economic growth and reforms and boost investor confidence by leveling the playing field for all companies in the country, a European business group said Wednesday. With “business confidence now at an all-time low” over lagging domestic...
Trump suggests tariffs can help solve rising child care costs in a major economic speech
NEW YORK (AP) — Former President Donald Trump suggested to business leaders Thursday that his plans to increase tariffs on foreign imports would solve seemingly unrelated challenges such as the rising cost of child care in the U.S. The GOP presidential nominee promised to lead what...
Raise taxes on the rich or cut them? Harris, Trump differ on how to boost the US economy
WASHINGTON (AP) — Donald Trump is betting that Americans crave trillions of dollars in tax cuts — and that growth will be so fantastic that it's not worth worrying about budget deficits. In short, he's hoping that most economic analyses of his ideas are dead wrong. ...
China accuses Canada of protectionism over 100% tariffs on electric vehicles
BEIJING (AP) — China on Tuesday accused Canada of protectionism after Prime Minister Justin Trudeau's government imposed a 100% tariff on imports of Chinese-made electric vehicles, matching U.S. duties on Chinese EVs. The Chinese Commerce Ministry said the tariffs would disrupt the...
Canada imposes a 100% tariff on imports of Chinese-made electric vehicles, matching the US
TORONTO (AP) — Canada announced Monday it is launching a 100% tariff on imports of Chinese-made electric vehicles, matching U.S. tariffs imposed over what Western governments say are China's subsidies that give its industry an unfair advantage. The announcement came after...
Indonesia searches for ways to balance domestic industries with surging Chinese imports
JAKARTA, Indonesia (AP) — A flood of Chinese products into Indonesia has hit local manufacturers hard, prompting the government to look for ways to placate domestic producers while avoiding angering the country’s biggest trading partner. Garment makers — both home-based piece...
China auto sales fall in July, while exports jump about 20% as automakers expand across the globe
BANGKOK (AP) — Auto sales in China faltered in July, falling 5% from a year earlier, the China Association of Automobile Manufacturers said Friday, although exports jumped about 20% as makers of electric vehicles expanded into global markets. Sales of passenger cars totaled about 2...
Trump's economic plans include proposed tariffs, tax cuts and no taxes on tips. Details are scarce
WASHINGTON (AP) — The first night of the Republican National Convention kept its official focus on the economy Monday even after Saturday’s shooting at a rally in Pennsylvania in which former President Donald Trump was injured. Speakers argued that Trump would fix inflation and...
Europe is slapping tariffs on Chinese electric vehicles — for now. Here's what to know
FRANKFURT, Germany (AP) — The European Union is imposing sharply higher customs duties on electric vehicles imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and Beijing's burgeoning exports of green technology to the 27-nation bloc. ...
