He’s marked China as his primary adversary, threatening heavy tariffs on its imports. The world’s two biggest economies – the United States and China – are on a collision course. Donald Trump has promised to impose high tariffs on Chinese imports once he’s back in the White House, threatening to…
Donald Trump has pledged not only to stop US businesses from offshoring jobs, but also to take other countries’ jobs and factories in part through huge tariffs that economists say could actually raise domestic prices. Among the ideas the former president pitched in Georgia on Tuesday was cutting the corporate…
Iran’s President Masoud Pezeshkian has arrived in Iraq on his first state trip abroad, in a bid to boost ties amid tightening Western sanctions. Pezeshkian, a relative moderate who was elected in July, started his three-day visit as he met Iraqi Prime Minister Shia al-Sudani on Wednesday. During the trip,…
Ottawa to work with allies to ensure customers around the world are not unfairly penalised by nonmarket practices of countries such as China, PM Trudeau says. Canada, following the lead of the United States, says it will impose a 100 percent tariff on Chinese electric vehicle (EV) imports and also…
Canada said the domestic car sector faced unfair competition from China’s ‘state-directed’ global oversupply of EVs. Canada is considering whether to impose import tariffs on Chinese-made electric vehicles and will seek the public’s opinion about the idea, Deputy Prime Minister Chrystia Freeland has said. On Monday, Freeland said the domestic…
Draft rule would prohibit US investors from funding AI systems in China that could be used for weapons targeting, other military uses. The United States Department of the Treasury has fleshed out a proposed rule that would restrict and monitor US investments in China for artificial intelligence, computer chips and…
Premier Li Qiang is the most senior Chinese leader to visit Australia since 2017. Australian Prime Minister Anthony Albanese welcomed Chinese Premier Li Qiang to the country’s parliament in Canberra for high-level talks where he was expected to welcome progress in the two countries’ rebuilding their strained relationship but stress…
Indian stocks have suffered their worst intraday fall since March 2020 and foreign investors sold the most on record, as vote-counting trends in the general election suggested Prime Minister Narendra Modi’s alliance was unlikely to win the overwhelming majority predicted by exit polls. With over half the votes counted on…
President Joe Biden has slapped major new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminium and medical equipment, taking potshots at Donald Trump along the way as he embraced a strategy that’s increasing friction between the world’s two largest economies. The Democratic president said on Tuesday that…
Before Elon Musk announced that he would pour billions into building his largest Tesla plant in the industrial outpost of Monterrey, Mexico, United States trade winds were already shifting south. In late 2022, Mexico’s Economy Minister Raquel Buenrostro Sánchez said that 400 companies had expressed interest in relocating from Asia…
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