China, trade war
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GM ends US vehicle exports to China
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On Tuesday, it was reported that Chinese shipments of Apple's iPhone and mobile devices to the US fell to their lowest since 2011 in April. The sharp drop highlights how US tariff
China’s fiscal stimulus pushed its four-month budget deficit to a record high, as the government ramped up support for the economy during an escalation in its trade conflict with the US.The broad deficit reached 2.
Some have rushed to take advantage of the rollback by frontloading and stockpiling shipments. Container bookings for China to U.S. routes soared nearly 300% in the days after the truce was announced, particularly as businesses anticipate end-of-year holiday shopping demand.
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Chinese EV maker Xpeng (NYSE:XPEV) is scheduled to announce Q1 earnings on Wednesday, May 21st, before the market opens, with analysts focusing on the potential impact of the ongoing tariff negotiations between the U.
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The Trump administration’s 90-day deal to lower tariffs on China is unlikely to result in a large jump in imports in the short term, Port of Los Angeles Executive Director Gene Seroka said Monday.
China’s industrial output expanded faster than expected in April while consumption disappointed, highlighting the challenges facing the world’s second-largest economy despite a quick de-escalation of trade tensions with the US.
2don MSN
The steep drop in tariff rates on Chinese goods shipped to the United States might have consumers thinking there’s significant relief in sight — at least compared to before. But in practice it might not feel that way.
Company says higher duties on Chinese cranes would just increase costs for American ports. The US ports association agrees.