China, Factories Feel
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China’s retail sales growth unexpectedly accelerated as the economy rode out the tariff rollercoaster in May, offering a confidence boost to Beijing as it stares down the threat of a prolonged trade war with the US.
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China has reported a mixed economic performance in May, as retail sales jumped while factory output slowed in the face of higher U.S. tariffs.
John Hamer, president of Rodgers Wade Manufacturing in Paris, Texas, makes store fixtures for big retailers like Ross Dress for Less and Ulta Beauty. He sources many of the goods from China, which until recently meant he paid 70% in tariffs on metal fixtures.
BEIJING (Reuters) -Billions of dollars of Chinese goods have been impacted by additional U.S. tariffs since 2018, initially under the first Donald Trump presidency and later under the Biden administration. Returning to the White House this year, Trump has imposed even more duties on China.
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The trade disputes involving global economic powerhouses such as the U.S. and China are being felt even in such distinctly local places as your regional amusement park. Families
Boeing Co. delivered its first aircraft to a Chinese airline customer since President Donald Trump unleashed a wave of tariffs in early April, a sign of rapprochement as Washington and Beijing look to ease tensions.
Furniture and bedding from China have been among the top areas where higher tariffs on goods from China have begun to impact consumer prices, according to a new chart from TD Securities. Other areas,
China will negotiate and sign a new economic pact with Africa that will get rid of all tariffs on the 53 African states it has diplomatic ties with, it said, a move that could benefit middle-income nations.
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President Donald Trump announced Wednesday that China will make it easier for American industry to obtain much-needed needed magnets and rare earth minerals, clearing the way for talks to continue between the world’s two biggest economies.