China, Trump
Digest more
The value of apparel imports from China to the U.S. fell in May to its lowest monthly level in 22 years, according to latest trade data, highlighting the impact of steep U.S. tariffs.
He made the remark at a meeting between China and the Asean nations in Kuala Lumpur. Read more at straitstimes.com. Read more at straitstimes.com.
European Commission President Ursula von der Leyen said that there needed to be a “genuine rebalancing” in the China-Europe relationship.
Sweeping tariffs set to be imposed by President Donald Trump next month may overshadow his top diplomat’s first official trip to Asia this week — just as the U.S. seeks to boost
President Donald Trump sent out a slew of letters Wednesday to some global trading partners, advising them of tariff levels as high as 50% for their exports to the United States.
Relying on Asian suppliers is no longer a safe bet for many factories in Mexico. Companies are racing to change, and they are being encouraged by the government.
The average car price in China is around $22,900 (165,000 yuan). BYD Co. Ltd., the world's largest EV maker, announced discounts of 30% or more on 20 models in late May. Its budget-friendly electric Seagull compact car saw its starting price drop to $7,750 (55,800 yuan).
China’s technology giants are set to shrug off the impact of higher US tariffs as their outlook is now far more dependent on local consumer sentiment, according to Baillie Gifford & Co.