The Trump administration has imposed new 10-12.5% tariffs on over 80 trading partners, including the UK, EU, China, and Canada, under Section 301 of the Trade Act of 1974. These replace expiring duties and follow Supreme Court rulings against earlier tariffs, sparking legal debate and public concern over rising prices.
China's electric vehicle industry is being examined as a potential blueprint for developing countries to foster their own domestic champions. Electrification has lowered traditional entry barriers, and China's vast supply chain offers a faster foothold for aspiring carmakers.
U.S. Trade Representative Jamieson Greer indicated new tariffs are imminent, signaling the Trump administration's intent to re-establish its protectionist trade agenda. This follows the Supreme Court striking down previous tariffs, with the administration now using Section 301 and 338 authorities for more durable duties, impacting various economies including Canada and Brazil.
French President Macron's push for G7 action on subsidized Chinese exports faces internal divisions and China's resistance, with leaders agreeing only to discuss the issue further at the G20. Divergent approaches between Europe and the US hinder coordinated policy.
An analysis claims the EU's economic decay over two decades has been three times faster than the late Qing dynasty, challenging Brussels' narrative of Chinese overcapacity. The EU's per capita manufacturing output is significantly higher than China's, suggesting structural dependence on foreign markets.
Donald Trump is threatening tariffs of 10-12.5% on 60 trading partners, including the UK, EU, and Australia, over alleged forced labor failures. The EU has pushed back, citing a July trade deal.
Donald Trump has threatened tariffs of 10-12.5% on 60 countries, including the UK, EU, and Australia, over alleged forced labor failures. The EU criticized the move as a breach of a July trade deal.
SCMP reports on EU's tougher China trade policy, Putin's visit to Beijing post-Trump, and China's military driving away a Dutch warship from the Paracel Islands, citing 'miscalculation'.
US Secretary of State Marco Rubio expressed optimism about a "beneficial" and "sustainable" trade agreement with India during his visit, noting significant progress. He also addressed concerns regarding US trade policy and India's visa issues.
Indonesia's new trade policy, aimed at curbing under-invoicing and transfer pricing, faces criticism from economists, farmers, and industry groups concerned about potential state monopolies and market access disruption.
A US federal trade court ruled against President Trump's 10% global tariffs, deeming them invalid and unauthorized by law. The court found the administration's justification under a 1974 trade law insufficient, a setback for a key trade policy. This decision offers stability to businesses reliant on global supply chains.
